Latest Europe Headlines

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

UK Insurtech Zego Gets Dutch Broking License, Enabling Post-Brexit Growth in EU

Dec 16 2020 // Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license provides a foundation for the company’s continued expansion across Europe,...

Applied Underwriters Forms EU Subsidiary for Specialty Business in Europe, Middle East

Dec 16 2020 // Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne.The new company will underwrite several specialty...

Aon’s $30B Bid for Willis Towers Watson Faces EU Probe: Reuters

Dec 15 2020 // BRUSSELS – Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said.The...

Tortuous Brexit Trade Talks Get New Breath of Life but Next Few Days Are Critical

Dec 14 2020 // BRUSSELS/LONDON – European Union Brexit negotiator Michel Barnier said on Monday that sealing a trade pact with Britain was still possible before the country’s final break with the 27-nation bloc on Dec. 31 but the...

Chubb Launches Digital Team for Continental Europe and UK & Ireland

Dec 11 2020 // Chubb has announced the creation of a new digital team for Continental Europe (CE) and the United Kingdom & Ireland (UK&I).The team has been formed to develop and execute the insurer’s plans to broaden its...

No-Deal Brexit Grows More Likely as UK-EU Trade Talks Remain Deadlocked

Dec 11 2020 // Britain is likely to complete its journey out of the European Union in three weeks without a trade deal, British Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen said on Friday.Britain quit...

Cyber Attack on EU Drug Regulator Has Not Disrupted Work on COVID-19 Vaccines

Dec 11 2020 // BRUSSELS – The head of the European Union drug regulator said on Thursday the agency’s work assessing COVID-19 vaccines had not been disrupted by a cyber attack that took place in the past two weeks.U.S. drugmaker...

Lemonade Launches in France in Its Third European Country

Dec 9 2020 // Lemonade, the New York City-based insurance company powered by artificial intelligence and behavioral economics, has launched in France.The launch marks the third EU country Lemonade has entered, following the...

EU Tells London Banks, Insurers to Get Used to Limited Access

Dec 8 2020 // Britain’s huge financial sector will never again have the same access to the European Union as it did when the country was a member of the bloc, the EU’s financial services chief said.Brexit makes it...

EU Privacy Agency Does Not Expect New EU-US Data Privacy Accord Any Time Soon

Dec 7 2020 // Companies hoping the EU and the new U.S. administration will soon strike a new transatlantic data transfer pact to replace one struck down by a court will probably have to wait months for any result, the head of the EU...

Fears Grow of No-Deal-Brexit Chaos as EU-UK Standoff Continues

Dec 7 2020 // BRUSSELS/LONDON – Post-Brexit trade talks hung in the balance on Monday as Britain and the European Union made a last-ditch attempt to bridge significant differences and reach a deal that would avoid a disorderly exit in...

Brexit Trade Talks at ‘Very Difficult Point’ as Clock Ticks to Year-End Deadline

Dec 4 2020 // LONDON/BRUSSELS – European Union officials said on Friday a post-Brexit trade deal could finally be clinched this weekend, but London insisted that negotiations were still “very difficult” and it was...

Brexit Trade Negotiations Are Making ‘Good Progress’

Dec 3 2020 // BRUSSELS – European Union diplomats said on Thursday they hoped a Brexit trade deal with Britain could be agreed by Friday or at the weekend, and EU officials said negotiators were likely to review progress in the next...

Fairfax Announces Sale of RiverStone Europe to Private Equity Firm CVC

Dec 2 2020 // Fairfax Financial Holdings Ltd. announced it has entered into a binding agreement with CVC Capital Partners (CVC) to sell all of its interests in RiverStone Europe to private equity firm CVC Capital Partners for...

BHSI Hires Macfarlane to Lead Downstream Energy Property in Europe

Dec 1 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its capabilities in Europe to underwrite downstream energy property insurance and has named Tom Macfarlane to lead this business segment.“This...

No-Deal Brexit Is Still Possible with Trade Talks Remaining Snagged

Dec 1 2020 // A senior British minister said on Tuesday there was still a chance of a turbulent Brexit without a trade deal as talks with the European Union had snagged on fishing, governance rules and dispute resolution.Just 30 days...

Lloyd’s Gets Nod to Transfer European Policies to Lloyd’s Europe in Time for Brexit

Nov 30 2020 // Lloyd’s, the world’s leading insurance and reinsurance market, has received final approval from the High Court of England and Wales to transfer policies in the European Economic Area to Lloyd’s Insurance...

HDI Global Specialty Renews Agreement with German MGA AMANIKI

Nov 30 2020 // HDI Global Specialty SE has announced the renewal of its underwriting agency agreement with German M&A insurance specialist MGA, AMANIKI.The agreement also sees AMANIKI move from a co-insurance panel of capacity...

Vienna Insurance Bolsters Position in E. Europe with Purchase of Aegon Unit

Nov 30 2020 // Vienna Insurance Group AG bolstered its position as the biggest insurer in central and eastern Europe by agreeing to buy Aegon NV’s business in the region and in Turkey for 830 million euros ($990 million),...

Europeans Buy Older Cars to Avoid Public Transport During Pandemic

Nov 30 2020 // LONDON/MADRID – Want a cheap used car to nip around town without running the gauntlet of coronavirus on public transport? Welcome to Pandemic Motors, we have just what you need.Across Europe, people are snapping up old...