Latest Europe Headlines

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

More Questions Raised Following EU Ruling on U.S. Data Transfer Privacy Shield

Sep 10 2020 // The key mechanism used by Facebook to transfer data from the European Union to the United States “cannot in practice be used” for such transfers, according to Ireland’s Data Protection Commission,...

European Insurers Worried Regulators May Block COVID-19 Dividends

Sep 9 2020 // Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday.The pandemic will likely lead to...

Fears of Brexit With No Trade Deal Rise Over State Aid Dispute

Sep 4 2020 // The chances of Britain leaving the European Union without a trade deal have risen sharply as negotiations have been threatened by London’s insistence that it have full autonomy over its state aid plans, negotiators...

Pandemic Shows Why Climate Change Is Major Economic Risk, Says Europe’s Schnabel

Aug 31 2020 // The coronavirus pandemic demonstrates in the clearest terms why central banks must take a bigger role in fighting climate change even if the issue at first appears unrelated to monetary policy, European Central Bank board...

Germany’s Merkel Urges Stronger Global Effort on Climate Change

Aug 28 2020 // German Chancellor Angela Merkel said on Friday that global efforts to combat climate change were insufficient, and that she would accelerate the fight to combat it in coming years.At a news conference, she said the...

European Union Safety Agency to Start 737 MAX Flight Tests

Aug 27 2020 // The European Union Aviation Safety Agency (EASA) said on Thursday it plans to begin flight tests of U.S. planemaker Boeing Co.’s 737 MAX plane in Vancouver, Canada, in the week starting Sept. 7.The test flights will...

EU Officials Erase Brexit from Meeting Agenda Citing Scant Progress in Talks with Britain

Aug 27 2020 // A discussion about the negotiations over Britain and the European Union’s post-Brexit relationship has been dropped from the agenda of a meeting of EU envoys next week because the talks have stalled, an EU diplomat...

Limited Liability Protection for Drugmakers Hampers EU Coronavirus Vaccine Deals

Aug 26 2020 // The European Union is offering only partial protection to vaccine makers against legal risks from side-effects of their potential COVID-19 shots, European officials said, in a move that is hampering deals and contrasts...

Marco Capital Targets Europe’s P/C Insurance Run-Off Market

Aug 24 2020 // Newly-launched Marco Capital Holdings Limited plans to pursue property/casualty insurance run-off opportunities in Continental Europe, the UK and Lloyd’s of London.Marco enters the European run-off arena with capital...

Britain, EU Report Little Progress on Post-Brexit Deal

Aug 24 2020 // Britain and the European Union made scant progress towards a deal on future ties in talks last week, and their chief negotiators blamed each other for the stalemate as time ticks down to an end-of-year...

Dispute Among EU Regulators Delays Twitter Data Privacy Fine

Aug 20 2020 // Some European Union regulators objected to Ireland’s preliminary ruling in a landmark privacy investigation of Twitter, the lead regulator said on Thursday, triggering a process where a majority decision will be...

As Harvest Losses Continue, German Farmers Seek Insurance Subsidy

Aug 18 2020 // Germany’s 2020 grain harvest will fall below average for the third year in a row as farmers grapple with extreme weather conditions, the DBV farmer’s association said on Tuesday.The grain harvest this year is...

Europe Urged to Focus on Those Who Must Pay Off Debt After Pandemic

Aug 18 2020 // Rebuilding Europe after the coronavirus pandemic will be akin to the post-World War II reconstruction effort and the bloc must reaffirm its core values despite challenges from global powers, former European Central Bank...

Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties

Aug 17 2020 // Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co’s...

Insured Losses for Europe’s Storm Sabine (aka Ciara/Elsa) Estimated at €1.6B: PERILS

Aug 11 2020 // The industry loss footprint for extratropical cyclone “Sabine” – also known as “Ciara” and “Elsa” – is estimated at €1.61 billion (US$1.9 billion), according to PERILS, the...

AstraZeneca Gets Protection from Future Product Liability Claims for COVID Vaccine

Aug 3 2020 // AstraZeneca has been granted protection from future product liability claims related to its COVID-19 vaccine hopeful by most of the countries with which it has struck supply agreements, a senior executive told Reuters.With...

Travelers Europe Enhances CyberRisk Product for UK and Ireland

Aug 3 2020 // Travelers Europe announced it has enhanced its cyber insurance product, Travelers CyberRisk, to provide more coverages and risk management solutions to strengthen customers’ overall cyber-security programs. The...

EU Begins to Tackle Cyber Warfare with Targeted Sanctions

Jul 31 2020 // Taking a firm geopolitical stand, the European Union imposed sanctions on targeted individuals and entities from Russia, China and North Korea in a sign that it was tackling cyber warfare head on.As part of the measures,...

COVID-19 Pandemic to Intensify Risks for Insurers: EU Regulator

Jul 30 2020 // Insurers in the European Union are confronted with risks on several fronts that are intensified by the COVID-19 pandemic, and could face lengthy legal battles from claims relating to lockdowns, the bloc’s insurance...

London Expects Only Half of Bankers to Return to Their Offices by Year-End

Jul 30 2020 // London’s normally buzzing financial districts will still be a pale shadow by the end of the year, as banks plan for no more than half their staff, who have mostly worked from home throughout the COVID-19 pandemic, to...