Latest Europe Headlines

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

Top EU Court Says Insurer Must Pay Spanish Claim in Galicia Oil Spill

Jun 21 2022 // BRUSSELS – Spain on Monday won backing from Europe’s top court in its mutli-million euros damage claim against The London Steam-Ship Owners Mutual Insurance Association for a massive oil spill on its...

Lloyd’s Broker Servca Launches Malta Office to Spearhead European Expansion

Jun 16 2022 // Servca, the independent Lloyd’s broker that specializes in non-standard medical, financial and professional lines insurance, announced the opening of an office in Malta to spearhead the expansion of its European...

EU Aviation Watchdog Raises Alarm About Western-Made Aircraft Flying in Russia

Jun 16 2022 // The European Union’s top aviation safety regulator said on Tuesday that he is “very worried” about the safety of Western-made aircraft continuing to fly in Russia without access to spare parts and proper...

UK Lawmakers Warn About Watering Down Post-Brexit Financial Regulation

Jun 16 2022 // Brexit is no reason to radically alter British financial regulation and regulators should not be forced to water down rules to boost London’s competitiveness, or stray from global standards, a UK parliamentary...

People Moves: WTW Asia Hires Aon’s Tilney, Promotes Nassaouati; DUAL Europe Names Allianz’s Wijchman as Commercial Dir.; Liberty GTS Promotes Lee as APAC Mgr.

Jun 15 2022 // This edition of International People Moves details appointments at Willis Towers Watson (WTW), MGA Dual, and Liberty Global Transaction Solutions.A summary of these new hires follows here. WTW Asia Hires Aon’s...

EU Regulator Sees No Safety Problem With A350 Paint at Center of Legal Dispute

Jun 15 2022 // Europe’s top aviation safety regulator said on Tuesday he had seen no evidence that paint or surface erosion on A350 jets, which are at the center of a legal dispute between Airbus and Qatar Airways, represented a...

Munich Re Issues Green Bond in U.S. Market — a First for European Insurer

Jun 6 2022 // Following its successful placement of green bonds in 2020 and 2021, Munich Re has sucessfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market.By issuing...

Owners of Cars With Emissions ‘Defeat Devices’ Can Claim Damages: EU Court Adviser

Jun 3 2022 // BRUSSELS – Owners of vehicles equipped with so-called defeat devices have a right to compensation from the vehicle manufacturer, an adviser to the top EU court said on Thursday in a case brought against...

American Chamber of Commerce Voices Concerns About EU Plan for Foreign Subsidies

Jun 3 2022 // Proposed EU legislation targeting foreign state-backed buyers of European companies prompted by fears of a Chinese buying spree may be impossible to comply with in practice, the American Chamber of Commerce and peer groups...

EU Gives Final Nod to Sanctions Targeting Russia’s Oil, Insurance, Sberbank

Jun 3 2022 // BRUSSELS – The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank Sberbank, after much wrangling with Hungary, as punishment for Russian President Vladimir Putin’s Feb....

People Moves: DUAL Europe Names 2 in Key Roles; Lockton Re Taps Aon’s Breslin for Capital Mkts.; Chubb Promotes Thompson for Int’l Personal Lines, Hernandez for A&H

Jun 2 2022 // This edition of International People Moves details appointments at the MGA DUAL, Lockton Re and Chubb.A summary of these new hires follows here. DUAL Europe Announces 2 Key AppointmentsDUAL, the London-based managing...

European Union Seeks to Coordinate Russian Oil Insurance Ban With G-7 Members

Jun 2 2022 // The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere in the world with some Group of Seven members, according to people familiar with the matter, in a...

Weird Rainfall Patterns in Europe Blamed on Climate Change

Jun 1 2022 // Emissions of planet-warming greenhouse gases caused by human activities are directly responsible for long-term dry conditions in the Mediterranean basin and the increasing rainfall over the rest of Europe during winter,...

EU Poised to Approve Sanctions Against Russia, Covering Oil, Banks and Insurance

Jun 1 2022 // European Union ambassadors are set to approve a sixth package of sanctions over Moscow’s invasion of Ukraine, banning most Russian oil imports by year-end and restricting Russia’s ability to ship crude to...

EU Leaders Agree to Pursue Ban on Most Russia Oil; Insurance Prohibition Delayed

May 31 2022 // European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine.The sanctions would...

R&Q’s Accredited Europe Signs 6-Year Program Management Deal with UK Insurtech

May 24 2022 // The program manager Accredited Insurance (Europe) Ltd., the wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., announced it has signed a six-year program management agreement with Policy Expert, a...

Munich Re Issues Green Bond in U.S. Market, in a First for a European Insurer

May 24 2022 // Following its successful placement of green bonds in 2020 and 2021, Munich Re has successfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market.By issuing...

Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers

May 16 2022 // Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated natural catastrophe claims and a first round of claims reserves from the Russia-Ukraine war,...

EU Agrees to Tougher Cyber-Security Rules for Key Sectors, Including Financial Services

May 16 2022 // EU countries and lawmakers agreed on Friday to tougher cyber-security rules for large energy, transport and financial firms, digital providers and medical device makers amid concerns about cyber attacks by state actors and...

Major European Power Cable Suppliers Face UK Class Action Over Alleged Cartel

May 11 2022 // Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages over allegations that a cartel led to inflated electricity charges for at least 30 million consumers...