Latest Europe Headlines
All the headlines from our Europe Topic Page, ordered by recency.
Newline Group Establishes Branch Office (and EU Platform) in Germany
Dec 19 2016 // London-based Newline Insurance Co. Ltd., a subsidiary of Odyssey Re Holdings, announced it has received regulatory approval to establish a new branch office in Cologne, Germany. Led by Manuel Wirtz, who was appointed...
Brexit Opportunities, More M&A: Clyde & Co.’s 2017 Predictions, Part 1
Dec 19 2016 // M&A and Brexit will be major factors for the global re/insurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & Co. Andrew Holderness, a...
Allianz Eyes Purchasing Generali’s French Operations: Sources
Dec 16 2016 // Allianz SE, Europe’s largest insurer, is in discussions with Assicurazioni Generali SpA as it weighs a bid for the company’s French operations, according to people familiar with the matter. Allianz executives...
XL Catlin Enhances Wording for Fine Art & Specie Offering in Europe
Dec 15 2016 // XL Catlin’s insurance operations announced it has enhanced the wording of its all-in-one solution for collectors, arts and jewelry professionals, called Mosaic. The Mosaic coverage, which is available in France,...
More UK Insurers Consider Move to Ireland for Europe HQs: Central Bank
Dec 15 2016 // A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country’s vote to leave the European Union,...
Lloyd’s Insurers Urged to Focus on U/W Discipline as 2016 Losses Loom
Dec 13 2016 // Underwriters at Lloyd’s of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd’s to cut its subscription rates. To...
Berkley Downplays Effects of Trump, Brexit Elections; Remains Optimistic for Insurance
Dec 8 2016 // There could be more political surprises coming after the U.S. election of Donald Trump and Britain’s vote to exit from the European Union but one leading insurance executive isn’t too worried. “I...
UK Gov’t Promises Insurers & Banks London Will Stay Top Finance Center – After Brexit
Dec 6 2016 // The U.K. government promised to make sure London keeps its place as the leading financial center after Brexit, following top-level talks between global bank chiefs and senior ministers. U.K. Chancellor of the Exchequer...
FinTech Startup, ‘Number26,’ Grows in Europe, Offering Banking, Insurance
Dec 6 2016 // Smartphone-only bank Number26 is now offering its services in 17 countries in the euro zone, expanding from a smaller core of European markets it entered a year ago, it said on Tuesday. The Berlin-based company is backed...
U.K. Financial Firms Paid $91B in Annual Tax: City of London Report
Dec 6 2016 // Financial companies in the U.K. paid 71.4 billion pounds ($91 billion) in tax in the latest fiscal year, 7.4 percent more than a year earlier, driven by an increase in the levy on banks’ balance sheets, a report from...
Xceedance Opens Insurance Operations Center in Krakow, Poland
Dec 5 2016 // Xceedance, the Boston-based provider of property/casualty insurance technology, analytics and consulting services, announced the launch of an operations center in Krakow, Poland. The center will provide services and...
Uber Case in Europe’s High Court Could Affect Sharing Economy Firms
Nov 30 2016 // Uber defended its business model in Europe’s highest court on Tuesday, saying its service had made it easier for people to get around and cut pollution as it fights a case which could leave app-based startups facing...
London Insurers List 4 Priorities for Brexit Negotiations
Nov 30 2016 // Four priorities for Brexit negotiations have been identified by companies operating in the London insurance market. The objectives outline arrangements that will help the City of London “maintain its position as the...
EU Court to Decide Whether Uber Is an App or a Transport Company
Nov 30 2016 // Fifteen judges at the European Union’s top court are trying to decide, once and for all, whether Uber Technologies Inc. is an app or a transport company. The question has long vexed regulators and lawmakers across...
UK Financial Firms Look to Dublin as EU Base After Brexit Vote: Irish Minister
Nov 28 2016 // Some financial firms in Britain looking for a base in the European Union after Brexit are expected to start applying for licenses in Dublin by early next year, Ireland’s financial services minister said on...
Aviva to Reopen Property Fund It Suspended After Brexit Vote Turmoil
Nov 23 2016 // Aviva Investors, the fund arm of insurer Aviva, plans to reopen the UK property fund it was forced to suspend during the market turmoil which followed Britain’s vote to leave the European Union in June. British funds...
AIG May Move Europe HQ from London to Another EU Country on Brexit
Nov 22 2016 // U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry...
Hackers Remotely Steal ATM Cash in Latest Twist on Cyber Bank Heists
Nov 22 2016 // Cyber criminals have remotely attacked cash machines in more than a dozen countries across Europe this year, using malicious software that forces machines to spit out cash, according to Russian cyber security firm Group...
Hiscox Promotes Bowen to CUO for European Operations
Nov 22 2016 // Specialist global insurer Hiscox has announced the promotion of Justin Bowen to chief underwriting officer for its European operations. Bowen has worked at Hiscox since 2000 and held a number of different roles within its...
With Brexit, UK Government Should ‘Refine Not Replace’ Solvency II: Insurers
Nov 17 2016 // Rather than replacing Solvency II entirely when the UK leaves the European Union, regulators need to refine EU’s insurance regulation to make it more appropriate for the UK market and customers, according to the...
