Latest Europe Headlines

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

EU Unity Over Russia Sanctions Falters as Europe’s Economy Weakens

Dec 20 2022 // European Union unity over sanctions on Russia has started to falter as jitters about the impact on Europe’s own stumbling economy weakens resolve to punish Moscow for war in Ukraine.EU leaders agreed on Thursday...

Markets/Coverages: QBE Europe Launches Warranty & Indemnity Product; Miller Launches D&O Product for UK Construction Sector

Dec 16 2022 // QBE Europe Launches Warranty & Indemnity ProductQBE announced the introduction of Warranty and Indemnity (W&I) insurance in Europe for the first time to further support customers. The new product reflects an...

Climate Change Could Cost Pension Funds Billions of Euros: EU Watchdog

Dec 14 2022 // Pension funds across the European Union would lose billions of euros from their investments in polluting industries without action to mitigate the impact of climate change, the bloc’s first stress test of its kind...

UK’s Post-Brexit Financial Services Reforms Fall Short of Promised ‘Big Bang’

Dec 12 2022 // The UK set out a package of financial services reforms that cuts across dozens of areas but fell short of the “Big Bang” that politicians were promising earlier this year and is unlikely to deliver the dramatic...

G7 Price Cap on Russia Oil Not to Blame for Tanker Queues: EU Says

Dec 9 2022 // The Group of Seven countries’ price cap on Russian oil is not responsible for a queue of tankers waiting in the Black Sea to pass through Istanbul’s Bosphorus Strait on the way to the Mediterranean, the...

European Central Bank Urgently Seeks Regulation After Multiple Crypto Bubbles Burst

Dec 8 2022 // Crypto assets are here to stay so their regulation is urgently needed to protect investors and the stability of the global financial landscape, European Central Bank board member Fabio Panetta said on Wednesday.Crypto...

EU Agrees to $60 Price Cap for Russian Oil, Allowing Buyers to Access Insurance

Dec 2 2022 // The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal, according to a Polish diplomat.The price is higher than where Russia already sells most of its...

EU Takes ‘First Step’ to Certify Removals of Carbon Dioxide From Atmosphere

Dec 2 2022 // The European Union set out plans on Wednesday to certify removals of carbon dioxide from the atmosphere, while leaving key details to be worked out later – including how these removals will be counted towards EU...

UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister

Dec 1 2022 // Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will be selective to ensure high standards are kept, financial services minister Andrew Griffith said...

Mosaic Insurance Launches Frankfurt Office to Boost European Growth

Nov 29 2022 // Bermuda-based Mosaic Insurance is ramping up its global growth plan with the opening of an office in Frankfurt, Germany to meet high demand for cyber and transactional liability coverage through Continental Europe.The...

EU Insurers, Banks Face Tougher Rules on Use of Cloud Computing Giants

Nov 29 2022 // Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on “cloud computing” giants such as Amazon, Microsoft, Google and...

People Moves: Tysers Insurance Brokers Names Former Chubb Exec Kendrick as Chair; Tokio Marine HCC Int’l Promotes Herrero as CEO for European Operation

Nov 28 2022 // Tysers Insurance Brokers Names Former Chubb Exec Kendrick as ChairTysers Insurance Brokers, the London-based broker, announced the appointment of Andrew Kendrick as non-executive chair. The appointment is effective Dec. 1,...

Liberty Mutual Explores $1 Billion Sale of Europe Businesses

Nov 23 2022 // Liberty Mutual Holding Co. is exploring a sale of its businesses in Spain, Portugal and Ireland, according to people familiar with the matter, joining other American insurers retreating from the region.The US insurer is...

Is Britain Starting to Have Second Thoughts About Brexit?

Nov 23 2022 // Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit.More than six years after voting to leave the European Union, the UK is facing a prolonged recession, a deep cost-of-living...

Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move

Nov 22 2022 // Zurich Insurance Plc (ZIP), the Dublin-based wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK’s exit from the European Union.Since the Irish unit includes the...

UK Insurers Provide Test Case for Post-Brexit ‘Unshackling’ From EU Capital Rules

Nov 17 2022 // The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK willingness to “unshackle” the City of London after leaving the European Union.Reform...

Bank of England Chief Questions Government Plan for Post-Brexit Financial Rules

Nov 17 2022 // Bank of England Governor Andrew Bailey took the British government to task on Wednesday over its plan to give itself veto powers over post-Brexit financial rules written by independent regulators, including the central...

EU Monitors FTX Collapse as Major Crypto Law Enters Final Stages

Nov 16 2022 // The European Union is monitoring the collapse of crypto exchange FTX Group as the bloc tries to cross the finish line on adopting a broader set of regulations for digital assets.The bloc is examining whether the crisis has...

European Countries Face Strikes, Protests Due to High Energy Prices, Cost of Living

Nov 15 2022 // European countries are facing strikes and protests due to high energy prices and mounting costs of living. Here are details of some recent and current industrial actions and demonstrations.BRITAIN * More than 70,000...

People Moves: Marsh Names Adamantiadis CEO, Continental Europe; SCOR Taps Chubb’s Bartolo for EIL; Chubb Global Mkts Promotes Driscoll in Financial Lines

Nov 15 2022 // This edition of International People Moves details appointments at Marsh, SCOR, and Chubb Global Markets,A summary of these new hires follows here. Marsh Names Adamantiadis as CEO, Continental EuropeMarsh, the insurance...