Latest Europe Headlines

All the headlines from our Europe Topic Page, ordered by recency.

EU Vote on Human Rights ‘Due Diligence’ Looms for Financial Services Firms

Apr 6 2023 // Financial services companies would be required to take action if their clients were failing to protect human rights and the environment, a preliminary deal due to be voted on later this month by a panel of European Union...

Car Services Groups Warn of Unfair Competition as EU Data Plan Stalls

Apr 4 2023 // Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave the way for unfair competition from U.S. and Chinese tech companies.The vehicle data tussle between...

People Moves: Everest Insurance Names Kendrick as Non-Exec Chair of European Board of Directors; OONA Insurance Appoints Marsh’s Zandueta as President, CEO

Mar 30 2023 // This edition of International People Moves details appointments at Everest Insurance and OONA Insurance (formerly Mapfre Insurance).A summary of these new hires follows here. Everest Insurance Names Chubb’s Kendrick...

EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels

Mar 24 2023 // The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered at the European Central Bank to rethink their treatment of liquidity risk.The watchdogs...

People Moves: Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwriting; Verlingue Hires Hiscox’s Bethell as Head of Private Clients

Mar 22 2023 // This edition of International People Moves details appointments at media, tech and cyber MGA, Nirvana, and the broker Verlingue.A summary of these new hires follows here. New Specialty MGA Nirvana Taps Sompo’s...

EU Proposes Clampdown on Companies Using Misleading ‘Green’ Labels

Mar 22 2023 // The European Commission proposed rules on Wednesday that would require companies in Europe to back up climate-friendly claims about their products with evidence, to stamp out misleading green labels for products from...

Britain’s Financial Services Industry Plans Blueprint for Post-Brexit ‘Kickstart’

Mar 21 2023 // Top officials from Britain’s financial sector said on Tuesday they would set out a blueprint later this year to “kickstart” London’s role as a post-Brexit global financial center by 2030.The City of...

EU Prepares for Climate Stress Test That Includes Insurers

Mar 14 2023 // The European Union is starting to prepare the region’s next stress test to measure the financial sector’s readiness for climate change, with the exercise set to involve the insurance industry for the first...

Aon Updates Europe Windstorm, Severe Convective Storm Models

Mar 13 2023 // Aon plc, a leading global professional services firm, updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate emissions scenarios that inform current and future...

European Central Bank to Test Cyber Resilience of Banks

Mar 10 2023 // The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise in cyberattacks, including after Russia’s invasion of Ukraine, ECB supervisory chief Andrea Enria...

Update: Britain Says Financial Reforms Will Be in Same ‘Orbit’ as EU, U.S.

Mar 9 2023 // Britain’s revamped financial market rules will largely be aligned with U.S. and European Union regulations to minimize disruption to global companies, its financial services minister Andrew Griffith said on...

Canada Joins U.S. and EU in Banning TikTok From Government Phones

Mar 3 2023 // Canada will bar civil servants from using TikTok Inc. on government-issued mobile devices due to security concerns around data collection.The social media app, which is owned by China’s ByteDance Ltd., will be...

Britain Will Seek to Reset Relations Between City of London and EU

Mar 2 2023 // Britain will seek to reset relations between the City of London and the European Union on Thursday, saying it will stick to high standards in finance and not do anything to undermine financial stability in the bloc in the...

Acrisure Continues European Expansion With Launch of German Subsidiary

Feb 28 2023 // Acrisure, a fintech company that operates a top-10 global insurance broker, announced the formation of Acrisure Deutschland GmbH, a new subsidiary covering the German, Austrian and Swiss markets.Mathias Pahl will serve as...

Declines in Maternal Death Rates Stall Amid Increases in U.S., EU

Feb 24 2023 // Declines in pregnancy- and childbirth-related deaths that took place over a decade and a half have stalled since 2015, as rates increased in some of the world’s wealthiest regions.Maternal mortality increased by 17%...

Update: Top EU Bodies Ban TikTok on Staff Phones, Citing Need to Hike Cybersecurity

Feb 23 2023 // The European Union’s two biggest policy-making institutions have banned TikTok from staff phones for cybersecurity reasons, marking growing concerns about the Chinese short video-sharing app and its users’...

Post-Brexit Insurance Reform Expected Before December: BoE’s Woods

Feb 21 2023 // The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a long-trailed and disputed reform of their capital rules, saying a “very good sense” of the changes would...

Insurers, Leasing Firms Push European Commission for Access to Valuable Vehicle Data

Feb 17 2023 // A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehicle data soon, fearing further delays could see the...

EU Sanctions Aim to Make Banks Report Frozen Russia Assets; Russia Reinsurer on List

Feb 16 2023 // The European Union is poised to force banks to report information on Russian Central Bank assets as part of the bloc’s latest sanctions package targeting Moscow for its war in Ukraine, according to draft proposals...

European Medicines Agency Committee Starts Safety Review of Cold Medicines

Feb 13 2023 // A European Medicines Agency (EMA) committee said on Friday it has started a review of decongestant medicines for cold and flu that contain the ingredient pseudoephedrine following safety concerns.The EMA said the review...