Latest Europe Headlines

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

EU Weighs Ban on Shipping Russian Oil as Part of Price Cap

Sep 28 2022 // The European Union is considering adding shipping restrictions to its oil sanctions as the bloc continues to discuss the introduction of a price cap on Russian oil, according to people familiar with the matter.A shipping...

People Moves: AXA XL Taps SCOR’s Croese for Energy & Construction Team, APAC & Europe; Berkshire Hathaway Specialty Insurance Promotes O’Neill and Reddin in Ireland

Sep 27 2022 // This edition of International People Moves details appointments at AXA XL Insurance and Berkshire Hathaway Specialty Insurance (BHSI).A summary of these new hires follows here. AXA XL Taps SCOR’s Croese for Energy...

Gas Leaks in Russia-Europe Nord Stream Pipelines Raise Sabotage Fears

Sep 27 2022 // Europe was investigating leaks in two Russian gas pipelines that churned up the Baltic Sea with bubbles on Tuesday and raised concerns from Copenhagen to Moscow about sabotage on infrastructure at the heart of a European...

EU to Add Bahamas to Its Tax Haven Blacklist, While Bermuda Is Removed

Sep 27 2022 // The European Union is set to add the Bahamas to its blacklist of governments its considers uncooperative in tax matters because it says the archipelago continues to facilitate the operation of offshore firms for purposes...

People Moves: Gallagher Hires Nexus’ Wright for Aerospace Practice; Aon Names Head of ESG Transaction Advisory Services; Sompo Int’l Taps Generali’s Chiurlo for Europe A&H

Sep 23 2022 // This edition of International People Moves details appointments at Gallagher, Aon and Sompo International.A summary of these new hires follows here. Gallagher Hires Wright from Nexus for Aerospace PracticeGallagher has...

Gallagher Re Taps Aon’s Bowen as Chief Science Officer; Aon Names Jursa CEO of Commercial Risk, Czech Republic; Gridel Joins Howden M&A to Lead Europe Biz Devel

Sep 19 2022 // This edition of International People Moves details appointments at Gallagher Re, Aon and Howden M&A.A summary of these new hires follows here. Gallagher Re Names Aon’s Bowen as Chief Science OfficerGallagher Re,...

EU Proposes Rules Targeting Cybersecurity Risks of Smart Devices

Sep 16 2022 // From laptops to fridges to mobile apps, smart devices connected to the internet will have to be assessed for their cybersecurity risks under draft European Union rules announced on Thursday, amid concerns about a spate of...

3M Belgian Settlement Signals Increased Risk of ‘Toxic Torts’ in Europe

Sep 16 2022 // “Toxic torts,” which are lawsuits alleging damage to human health or the environment caused by specific substances, are increasingly common in the United States. They can cost defendants hundreds of millions,...

Greek-Managed Vessel Shipped Coal From Russia Despite EU Sanctions

Sep 15 2022 // A vessel managed by a company based in Greece transported coal from a port in Russia late last month, after European Union sanctions on the commodity had come into force, according to maritime data reviewed by...

Catastrophe Data Company PERILS Expands Coverage to Include European Flood

Sep 13 2022 // PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has announced the expansion of its market coverage to include exposure and event loss data for European floods.The new...

Web-Connected Devices May Have to Meet New EU Cybersecurity Rules

Sep 8 2022 // Providers of internet-connected technology – from Apple iPhone software to baby monitors – will have to meet new cybersecurity requirements in the European Union or face fines and possibly have the product taken off...

EU Plans Price Cap on Russian Gas as Putin Threatens to Halt All Supplies

Sep 7 2022 // BRUSSELS/VLADIVOSTOK, Russia – The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of...

Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing

Sep 7 2022 // Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region’s...

People Moves: Sompo Int’l Taps Zurich’s Brand as President, Continental Europe; HDI Global Specialty Promotes Candi in Italy Branch; DUAL APAC Promotes 2 Execs

Sep 2 2022 // This edition of International People Moves details appointments at Sompo International, HDI Global Specialty, and DUAL Asia Pacific.A summary of these new hires follows here. Sompo International Taps Zurich’s Brand...

Cyber Attacks on Western European Firms on the Rise Since Ukraine War: Italy Minister

Sep 2 2022 // Italy’s foreign minister said cyber attacks on western European companies have risen following the Russian invasion of Ukraine, as Rome deals with the fallout from hacker actions targeting energy companies earlier...

EU Urged to Simplify Life for Companies by Aligning Climate Reporting With Int’l Rules

Sep 1 2022 // The European Union should make extra time to align its policies with international rules on reporting on climate change to save time in the long run and simplify life for companies, global standard setting board said on...

Win for Qualcomm as No EU Appeal Court Ruling Against $991M Fine

Aug 29 2022 // EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against Qualcomm, people familiar with the matter said, in a major win for the U.S. chipmaker that ends a...

Europe’s Record-Breaking Summer Heat Wave Will Be the Norm by 2035: Report

Aug 25 2022 // Europe’s record-breaking heat wave will be just an average summer in less than 15 years — even if countries meet their climate goals — with regular droughts and fires set to become the norm.By the end of the...

Russian Coal Exports Effectively Halted by EU Ban, With Re/Insurance as Key Factor

Aug 25 2022 // Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of the fuel to anywhere in the world.Suek JSC, Russia’s largest thermal coal miner, was...

Rising Inflation to Hit Profits of European P/C Insurers: GlobalData

Aug 23 2022 // Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability of property/casualty insurers in 2022-24, according to the London-based data and analytics company...