Latest Europe Headlines

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

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...

EU to Weaken Russia Oil Sanctions, but Keeps Plan to Prohibit Insurance of Shipments

May 9 2022 // The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling, though it aims to keep a key shipping provision that will hinder Moscow’s ability to export its crude.The...

Europe’s Top Court Rules Against Compensation for Banco Popular Investors

May 6 2022 // Europe’s top court said on Thursday that Banco Popular shareholders who took part in its capital increase in 2016 are not entitled to compensation for losses suffered after the Spanish bank was wound down and...

EU Regulator Warns of Increased Risk to Airlines as Result of Ukraine War

May 5 2022 // The European Union’s Aviation Safety Agency (EASA) regulator warned on Thursday of increased risks to airlines due to the war in Ukraine, such as civil planes being accidentally targeted as well as an increased risk...

EU Seeks to Target Russia’s Global Oil Exports With Insurance, Services Ban

May 4 2022 // The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that could dramatically impair Moscow’s ability to ship its oil anywhere in the world.The bloc is proposing to...

Musk-Owned Twitter Will Have to Follow EU’s Rules: Commissioner

May 2 2022 // A top EU official doesn’t expect to have a problem with Elon Musk, who is pursuing a free-speech agenda in his takeover of Twitter Inc., so long as the billionaire follows the region’s content rules.European...

Ebix Europe Launches Exposure Management Platform: ExposureHub

Apr 28 2022 // London market reform technology specialist Ebix Europe announced the launch of its new platform, ExposureHub, for re/insurance exposure management.Ebix describes ExposureHub as a versatile and geospatially rich platform,...

Britain Proposes Post-Brexit Relaxation of Solvency II Capital Rules for Insurers

Apr 28 2022 // Britain launched public consultation on Thursday for a post-Brexit relaxation of capital rules for insurers, in a step the government said would increase investments in long-term infrastructure.Britain inherited rules...

‘SLAPP’ Lawsuits Used by Rich and Powerful to Silence Critics Face EU Crackdown

Apr 27 2022 // Wealthy individuals including Russian oligarchs, states and corporations that abuse the legal system to gag journalists and dodge oversight face a European Union-wide crackdown including potential fines.A proposed law on...

Tech Giants Could Face Billions in Fines Under EU’s New Content Rules

Apr 25 2022 // The world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation after lawmakers reached an agreement on its scope early Saturday.The landmark Digital...

Climate Change Exacerbates Extreme Weather in Europe: Report

Apr 25 2022 // Climate change produced another record-breaking year of extreme weather in Europe in 2021, triggering catastrophic flooding and the hottest summer on record, according to scientists at the Copernicus Climate Change...

Update: Greece Seizes Russian Crude Oil Tanker as Part of EU Sanctions

Apr 19 2022 // Greece has impounded a Russian oil tanker off the island of Evia, the Greek coastguard said on Tuesday, as part of European Union sanctions imposed on Moscow over its invasion of Ukraine.Earlier this month, the EU banned...

EU’s Tweak to Sanctions Allows Some Aircraft Lessors to Sell Stranded Jets to Russia

Apr 15 2022 // An amendment to European Union sanctions last week created a potential path for some aircraft financiers to sell jets held in Russia to the airlines now operating them without permission.The measure, published April 8,...