Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Chubb Taps Allied World’s Müller as Property & Technical Lines Director, Europe
Jan 25 2017 // Chubb has appointed Alf Müller to the role of Property and Technical Lines director for Continental Europe, as it continues to evolve its client offering in the property, power generation (powergen) and construction...
1/1 Renewals Saw Some Price Stabilization, Record Capital, Demand Uptick: JLT Re
Jan 24 2017 // The challenging operating environment confronting reinsurers has led to some price stabilization at the Jan. 1, 2017 renewals, as they face the reality of deteriorating results and margin compression, according to JLT Re...
Parliament’s Approval Required to Trigger Brexit Talks: UK Supreme Court
Jan 24 2017 // The UK Supreme Court ruled on Tuesday that Prime Minister Theresa May must get parliament’s approval before she begins Britain’s formal exit from the European Union. The UK’s highest judicial body...
Top Global Corporate Risks: Business Interruption, Market Developments, Cyber, Current Events and More
Jan 23 2017 // Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and the new U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a...
Brexit Cost Implications to Weigh on UK Re/Insurers: A.M. Best Report
Jan 20 2017 // The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not anticipate taking any rating...
Lloyd’s Moves Closer to Forming EU Subsidiary to Prepare for Brexit
Jan 18 2017 // Lloyd’s of London will make an announcement on its new European subsidiary by the middle of April at the latest, its Chairman John Nelson said on Tuesday, as it prepares for Britain’s exit from the European...
Britain to Seek ‘Hard Brexit’: UK Prime Minister May
Jan 17 2017 // Britain will leave the EU’s single market when it exits the European Union, Prime Minister Theresa May said on Tuesday, putting an end to speculation that London might try to seek a “soft Brexit.” In a...
Zurich to Cut Spending on Large Tech Projects as Part of Cost Saving Plan
Jan 17 2017 // Zurich Insurance Group AG, Switzerland’s biggest insurer, plans to cut spending on large technology projects as it seeks to reduce costs, according to chief risk officer Cecilia Reyes. “Managing, harvesting the...
U.S. and EU Reach Agreement on Insurance Regulation
Jan 13 2017 // United States and European Union negotiators say they have reached an agreement on reinsurance and insurance regulation. The agreement covers three areas of insurance oversight: reinsurance, group supervision and the...
UK Financial Services Sector Drops Demand for Post-Brexit Passporting
Jan 12 2017 // Britain’s finance industry has reluctantly given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude some financial...
Business Interruption Remains Top Corporate Concern in 2017: Allianz
Jan 12 2017 // Business interruption is a top global corporate risk for the fifth year in a row. But worries about Brexit and incoming U.S. President Donald Trump also made the list of companies’ 2017 fears and uncertainties in a...
Social Polarization, Inequality Raise Potential for Risk, Disruption: WEF
Jan 12 2017 // Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain’s decision to leave the European Union and the ballot-box success of U.S....
Aon Launches Solution to Help Firms Manage Brexit Risks, Opportunities
Jan 10 2017 // Aon plc has launched “Brexit Navigator,” a tailor-made solution designed to help organizations quantify the impact of Brexit risk exposures, and redesign their risk management and risk financing...
Unfettered EU Access Must Be Priority of Brexit Talks: Report
Jan 10 2017 // Britain’s financial services sector must keep its unfettered access to the European Union’s single market after Brexit given that available alternatives don’t provide a sustainable long-term solution, an...
Taiwan’s $2M ATM Theft Linked to Europe’s ATM Heist: Cyber Security Firm
Jan 5 2017 // The group that orchestrated the theft of over $2 million from cash machines at Taiwan’s First Commercial Bank in July was also behind an ATM hacking spree in more than a dozen European nations last year, according to...
Collinson Group Names Munich Re’s Basu as Chief Underwriting Officer
Jan 5 2017 // Collinson Group, the London-based provider of insurance and assistance solutions, has appointed Saugata Basu as chief underwriting officer. In his role, Basu will partner with the group’s capacity providers to...
Chubb Names Lambourne as Head of Multinational Claims, Overseas General Insurance
Dec 28 2016 // Chubb announced that Graham Lambourne, currently Global Clients Claims manager, Europe, has been promoted to the role of head of Multinational Claims for Overseas General Insurance. Lambourne will be responsible for...
Brexit Threatens 10% of London’s Financial Jobs: City of London Corp. Official
Dec 22 2016 // Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. Bankers first called...
Europe’s Insurers, Pensions Seek Higher Yields via Infrastructure Investments
Dec 21 2016 // Europe’s pensions and insurers, seeking returns in infrastructure deals after asset purchases by the European Central Bank gutted yields on bonds, say they’re being crowded out again. Their frustration is...
German Police Resume Hunt for Killer in Christmas Market Terrorist Attack
Dec 21 2016 // German investigators intensified their search for the perpetrator of a deadly truck assault on a Christmas market in Berlin after an initial suspect was released, deepening the fear and uncertainty over what Chancellor...
