Latest Europe Headlines

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

People Moves: QBE Promotes Shallow as Head of Marine; Beazley Names MS Amlin’s Hunter for Open Mkt. Property; TigerRisk Hires Liberty’s Hodges for Analytics, Int’l

Feb 8 2022 // This edition of International People Moves details appointments at QBE, Beazley and TigerRisk Partners.A summary of these new hires follows here. QBE Promotes Shallow as Head of MarineQBE has appointed Kevin Shallow as...

Cyber Attack Targeting German Fuel Storage Stretches to 6th Day

Feb 8 2022 // A cyber attack targeting fuel storages in Germany and parts of northern Europe stretched into a sixth day with little visibility over when things will get back to normal.Mabanaft Germany, whose systems were breached,...

EU Regulators Call for Action to Catch Up to Potential Systemic Risk of Digital Finance

Feb 7 2022 // Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union...

People Moves: Howden Appoints Former WTW Executive Aubert as CEO of France

Feb 7 2022 // Howden, the London-based insurance broker, announced the appointment of industry veteran Nicolas Aubert as CEO, France. After holding roles in various countries, notably in the UK market where he held major positions at...

Google Sued by Price Comparison Provider, PriceRunner, for $2.4 Billion

Feb 7 2022 // STOCKHOLM — Swedish price comparison firm PriceRunner said on Monday it was suing Alphabet-owned Google for about 2.1 billion euros ($2.4 billion), the latest firm to take legal action alleging the search giant...

Natural Disasters Cost Insurers $116B in 2021, or 63% Higher Than Average: Gallagher Re

Feb 4 2022 // Insured losses from major natural catastrophes in 2021 – excluding COVID-related losses – have so far reached an estimated US$116 billion, the third largest total since 2011, and about 63% higher than the average loss...

Hackers Target Key Fuel-Distribution Firms in Europe

Feb 3 2022 // Europe’s fuel-supply network fell victim to a cyberattack — less than a year after the biggest refined petroleum pipeline in the U.S. was halted by a hack.The situation was serious “but not grave,”...

Global Commercial Insurance Rates Keep Moderating, With Exception of Cyber: Marsh

Feb 2 2022 // Global commercial insurance prices increased 13% in the fourth quarter of 2021, a decline from the 15% increases seen in both the second and third quarters, according to Marsh’s latest Global Insurance Market...

People Moves: Liberty GTS Expands in Europe; AEGIS London Promotes Yeldham to CUO; Brit Names Argo’s Allen, MAP’s Poynder for Property Facilities Team

Jan 28 2022 // This edition of International People Moves details appointments at Liberty Global Transactions, AEGIS London and Brit Ltd.A summary of these new hires follows here. Liberty Global Transaction Solutions Expands European...

UK Insurtech Zego Expands in Europe, Targeting £20B Fleet Insurance Market

Jan 20 2022 // Commercial motor insurer Zego announced a European expansion plan by launching in the Netherlands and ramping up operations in France, while aiming to identify other target territories during 2022.The company, which became...

People Moves: WTW Hires Magilton to Lead Canada Risk & Broking, Powney to Head Surety for Europe/UK; Hiscox Re & ILS Names MS Amlin’s Wilken as CUO

Jan 6 2022 // This edition of International People Moves details appointments at Willis Towers Watson and Hiscox.A summary of these new hires follows here. WTW Hires Canada Risk & Broking Leader, Europe/UK Practice Leader for...

2021 Ranked as Fifth Hottest Year by EU Climate Change Service

Jan 5 2022 // The year 2021 ended as the fifth hottest in records maintained by the European Union’s Copernicus Climate Change Service that go back to 1979. That finding comes from publicly available data analyzed by Zeke...

European Floods in Mid-July Cost Insurers $12B, Topping Non-U.S. Events in 2021

Jan 4 2022 // The most significant non-U.S. loss event in 2021 was the mid-July flooding in Western Europe, according to CRESTA, the Zurich-based insurance industry organization that provides a global standard for risk aggregation zones...

Run-Off Specialist Premia Acquires Navigators Holdings (Europe) from The Hartford

Dec 29 2021 // Bermuda-based reinsurance run-off specialist Premia Holdings Ltd. announced it has completed the acquisition from Hartford Financial Services of Navigators Holdings (Europe) NV and its subsidiaries, which include...

Firms Want U.S. to Support EU Proposals to Rein In Big Tech Platforms

Dec 29 2021 // Critics of tech giants like Alphabet’s Google pressed Commerce Secretary Gina Raimondo for a January meeting after she expressed concern about proposed legislation in Europe aimed at reining in the U.S....

European Gig Workers Hail ‘Landmark’ Directive to Make Them Employees

Dec 9 2021 // Millions of platform workers in Europe could be on their way to being designated as employees, a move that labor groups say could transform their status.The European Commission on Thursday set out new rules that would mean...

Renault’s Zoe Electric Model Gets Zero-Star Safety Rating From Europe Safety Agency

Dec 8 2021 // French carmaker Renault on Wednesday received a blow for its popular Zoe electric model, as the European New Car Assessment Programme (NCAP) gave it a zero-star safety rating in tests that are standards for Europe.The...

Insured Price Tag for Europe Windstorm Hendrik-Ignatz (Aurore) Estimated at €311M

Dec 3 2021 // Initial insured losses for extratropical windstorm “Hendrik-Ignatz,” also known as “Aurore,” are estimated at €311 million ($352 million), according to PERILS, the independent Zurich-based...

Convex Europe Receives UK Regulatory Approval

Dec 2 2021 // Convex Group Ltd. announced that the UK branch of its recently established Luxembourg-based European insurer, Convex Europe SA (CES) has received approval from the UK regulators: the Financial Conduct Authority and the...

European Insurers Wary of Rising Threat of Sanctions Against Nord Stream 2 Pipeline

Dec 2 2021 // A simmering threat of sanctions against the operator of the $11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically sensitive project to bring Russian gas directly to...