All the headlines from our Europe Topic Page, ordered by recency.
Oct 18 2021 // Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed to help clients manage their exposure to the evolving risk of wildfire across Europe. The...
Oct 12 2021 // Thanks to the continuing shortage and price levels of some types of framing lumber, the North Carolina Department of Insurance hopes to clear up confusion over what other types of wood can be used under the state’s...
Oct 7 2021 // The extreme flooding event in Western Europe in mid-July generated the largest insurance industry loss figure so far this year – at current estimates of US$11.0 billion, according to CRESTA, the insurance industry...
Oct 7 2021 // New Dawn Risk Group, the London-based broker, announced the launch of its new European subsidiary, New Dawn Risk (Europe), headquartered in Malta. Like its parent company, New Dawn Risk (Europe) focuses on insurance...
Oct 5 2021 // This edition of International People Moves details appointments at Ed Bermuda, Mosaic Insurance and Berkshire Hathaway Specialty Insurance (BHSI).A summary of these new hires follows here. Ed Bermuda Names Marsh’s...
Oct 5 2021 // Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately US$12 billion.The insurer also updated its own loss estimate for the July floods at approximately...
Oct 4 2021 // Lines of cars snake from gasoline stations. Fights break out among angry motorists trying to get fuel. Grocery staples are out of stock on store shelves. A charity warns that doubling heating bills will force a million...
Sep 23 2021 // Fortegra Europe Insurance Co., a leading international specialty insurer and subsidiary of Tiptree Inc., announced the registration of a branch office in Prague, Czech Republic.Aiming to further strengthen Fortegra’s...
Sep 22 2021 // The European Union proposed changing the bloc’s capital rules for insurers on Wednesday to release 120 billion euros ($141 billion) for repairing an economy hit by COVID and to meet climate goals without eroding...
Sep 20 2021 // Convex Group Ltd. announced the launch of a Luxembourg-based European insurance entity, Convex Europe SA (CES). Convex received regulatory approval on Sept. 15, 2021 from the Luxembourg regulator, the Commissariat aux...
Sep 3 2021 // High in the skyscrapers that have taken root in its warren of medieval streets, City of London grandees are plotting a post-Brexit regulatory revamp to rival New York.The City, as London’s traditional financial...
Aug 25 2021 // ELEMENT, the Berlin-based insurtech, announced a partnership with managing general agent, Parametrix Insurance, launching parametric cloud outage insurance for companies in Germany.The product is designed to cover...
Aug 24 2021 // CVC Capital Partners (CVC), the Luxembourg-headquartered private equity firm, announced the completion of its acquisition of RiverStone Europe from Fairfax Financial Holdings Ltd. and OMERS, the pension plan for...
Aug 23 2021 // RMS, the Newark, Calif.-based catastrophe modeling company, estimates that insured losses from the Western and Central Europe flooding, which occurred between July 12 and 18, 2021, will likely range between €5 billion...
Aug 19 2021 // The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits in the first half of 2021, compared with the same period in 2020 — as a result of lower...
Aug 13 2021 // The European Commission has granted competition law clearance for Vienna Insurance Group’s proposed acquisition of Aegon’s businesses in Central and Eastern Europe, according to the insurer.The acquisition by...
Aug 12 2021 // The Italian island of Sicily may have just smashed continental Europe’s heat record, the latest example of how climate change is causing extreme weather events around the globe.Temperatures there reached 48.8 degrees...
Aug 10 2021 // This edition of International People Moves covers appointments at two insurers: Swiss Re Corporate Solutions and QBE European Operations.A summary of these new hires follows here. Swiss Re Corporate Solutions Names...
Aug 3 2021 // On the outskirts of the Scottish town of Kirkcaldy is a crop of new houses on their way to completion. There are two large banners pinned to the perimeter fence with a mobile phone number: “Bricklayers...
Aug 3 2021 // Amazon.com Inc has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data in violation of the bloc’s GDPR rules, as privacy regulators take a more aggressive...