Latest Europe Headlines

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

Ireland, Luxembourg Lag in Support for Policing EU Data Privacy Compliance

Jun 25 2020 // Ireland and Luxembourg, European headquarters to Google, Facebook, Twitter and Amazon, need a substantial boost in resources to deal with data breaches by U.S. tech giants, a European Union report said.The report by the...

Global Institutional Investors, Including Insurers, Urge Brazil to Control Deforestation

Jun 24 2020 // A group of 29 global investment firms that manage $3.7 trillion are demanding meetings with Brazilian diplomats around the world to call on right-wing President Jair Bolsonaro’s government to stop soaring...

UK, EU Likely to Miss Deadline for Accessing Financial Services After Brexit: Sources

Jun 24 2020 // Britain and the European Union are set to miss their end-June deadline for assessing future cross-border trade in financial services, leaving just six months before a potentially messy UK exit, financial industry and EU...

UK Insurance Broker Ardonagh Group Secures $2 Billion Loan for Acquisitions

Jun 23 2020 // UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by Ares Management, according to a statement by the lender.The group is refinancing its debt with a 1.575...

No-Deal Brexit Would Deepen Economic Pain for UK’s Coronavirus-Hit Companies

Jun 16 2020 // Trade talks between the EU and UK have struggled in recent weeks, increasing the prospect that Britain departs the bloc without a deal and that businesses face an extreme shock when the divorce takes effect.It’s a...

Germany’s Rhine River at Dangerously Low Levels, Which Could Disrupt Shipping

Jun 9 2020 // Germany’s Rhine River is entering dry summer months with water levels at their lowest in two decades, prompting fears of shipping disruption on Europe’s most important inland waterway.After spring showers...

Senators Seek to Expand U.S. Sanctions to Insurance for Russia-Europe Pipeline

Jun 4 2020 // U.S. senators will announce a bill this week expanding sanctions on Russia’s Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas.The...

Billionaire Del Vecchio Doesn’t Seek Merger Between Generali and AXA or Zurich: Source

Jun 3 2020 // Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger with rivals AXA or Zurich, a source close to the billionaire said on...

No-Deal Brexit Could Hobble UK’s Recovery from Coronavirus Pandemic

Jun 3 2020 // The threat of a no-deal Brexit is back — and with it the risk that the UK economy’s shaky recovery from the coronavirus pandemic will be hobbled.As British and European Union negotiators head into the last...

Farm Workers Getting Sick, Spreading Coronavirus As Peak Produce Season Begins

May 29 2020 // All of the roughly 200 employees on a produce farm in Tennessee tested positive for Covid-19 this month. In New Jersey, more than 50 workers had the virus at a farm in Gloucester County, adding to nearly 60 who fell ill in...

Google Urges EU to Use Current Laws, Not New Ones, to Regulate Artificial Intelligence

May 29 2020 // Google has called on the European Union to use current EU laws to govern the use of artificial intelligence rather than draft new ones and cautioned against a one size fits all regulatory framework because of AI’s...

Allianz and Generali Plan to Sell Life Insurance Assets: Sources

May 28 2020 // Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic.Allianz SE is planning to divest as...

EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks

May 26 2020 // A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the Federation of European Risk Management (FERMA) said on Tuesday.This would involve...

Report: Financial Community Sees Climate Risk as Improperly Priced

May 21 2020 // Climate risk is widely seen in the financial community as being improperly priced.A recent survey with an emphasis on the financial sector shows the overwhelming majority of respondents think that climate risk has only...

Brexit Talks Become Acrimonious as UK Slams EU’s ‘Unworthy’ Trade Offer

May 20 2020 // Boris Johnson’s chief Brexit negotiator accused the European Union of offering the UK only a “low-quality” trade deal as talks between the two sides descended into acrimony.In a dramatic intervention in...

Coronavirus Blocks Farm Laborers from Working in UK – in Possible Foretaste of Brexit

May 18 2020 // Britain’s fruit and vegetable farmers have long dreaded their country’s exit from the European Union, worrying that it would keep out the tens of thousands of Eastern European workers who come every year to...

Europe Faces Sweltering Summer with Below-Average Rainfall: Scientists

May 18 2020 // Europe is set for a sweltering and tinder dry summer this year, posing trouble for farmers, utilities and transportation on inland waterways.That’s the conclusion of scientists at the Copernicus Climate Change...

Everest Insurance Taps Patel from AIG Europe as UK Head of Transactional Risk

May 13 2020 // Everest Insurance announced the appointment of Sujal Patel as the UK Head of Transactional Risk for Everest Global Markets, which includes Everest Insurance Ireland, dac. and Lloyd’s Syndicate 2786.Patel brings more...

Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh

May 12 2020 // Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not due to the COVID-19 pandemic, according to insurance broker Marsh in its quarterly Global Insurance...

National Governments Must Help Provide Insurance for Future Lockdowns: EU Regulator

May 11 2020 // National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage on its...