Latest Europe Headlines

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

Fortegra Europe Opens Branch in Czech Republic

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...

EU Plans to Ease Capital Rules for Insurers to Provide €120 Billion Economic Boost

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...

Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P

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...

Analysis: A Divided London? City Tackles Brexit With Twin-Track Finance Revamp

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...

Insurtech ELEMENT and MGA Parametrix Launch Cloud Outage Insurance in Europe

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...

CVC Capital Completes $700M Purchase of RiverStone Europe from Fairfax

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...

Insured Losses from European Floods Estimated at $6 Billion-$7.7 Billion: RMS

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...

Europe Reinsurers’ H1 Profits Climb on Lower COVID Claims, Hardening Prices: Moody’s

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...

European Commission Clears Vienna Insurance Acquisition of Aegon’s Businesses

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...

Blistering Heat in Sicily May Have Just Smashed European Record

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...

People Moves: Swiss Re Corporate Solutions Hires AIG’s Blattner-Hoyle to Lead Trade Finance; QBE Names AXA XL’s France as Head of Property, Europe

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...

Chronic Scarcity of UK Workers Blamed on COVID and, of Course, Brexit

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...

Amazon Slapped with Record Fine for Violating EU Data Privacy Rules

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...

AM Best Assigns ‘A’ Rating to International General Insurance Co. (Europe) SE

Aug 3 2021 // AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Malta-based International General Insurance Co. (Europe) SE. The outlook assigned to...

Broker Ardonagh Group Launches Ardonagh Europe to Expand Buy-and-Build Strategy

Jul 27 2021 // The Ardonagh Group announced the creation of Ardonagh Europe as it prepares to take its buy-and-build model to Europe.Ardonagh Europe will be headquartered in Dublin and led by Conor Brennan, who will also continue to hold...

Insurtech bolttech Acquires i-surance to Help Accelerate Expansion Across Europe

Jul 23 2021 // Insurtech startup bolttech announced it has acquired i-surance, a next-generation B2B2C digital insurance platform based in Berlin.Financial details of the deal were not disclosed. The transaction is part of...

Deadly Floods in China, Europe Send Stark Reminder of Climate Change Vulnerabilities

Jul 22 2021 // Deadly floods that have upended life in both China and Germany have sent a stark reminder that climate change is making weather more extreme across the globe.At least 25 people in the central Chinese province of Henan died...

Death Toll from European Floods Rises Above 180

Jul 19 2021 // The death toll from flooding in Western Europe climbed above 180 on Sunday after rescue workers dug deeper into debris left by receding waters.Police put the toll from the hard-hit Ahrweiler area of western Germany’s...

Storms Cause Heavy Flooding Across Parts of Western and Central Europe

Jul 15 2021 // Storms caused heavy flooding across parts of western and central Europe overnight, with one man missing after being swept away by a raging stream in eastern Germany.Firefighters resumed their search for the man in...

IGI Launches European Subsidiary in Malta, Led by Mallia-Milanes from MAPFRE

Jul 14 2021 // International General Insurance Holdings Ltd. (IGI) announced it has set up a European subsidiary in Malta in order to access business across Europe.International General Insurance Co. (Europe) SE (IGI Europe), a...