Latest Europe Headlines

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

Billions Will Experience ‘Sahara’ Like Heat in Next 50 Years, Report States

May 8 2020 // Roughly a third of the global population could experience an average annual temperature of 84.2 degrees Fahrenheit (29C) in the next 50 years, with temperatures currently found in small part of the planet, mostly...

FERMA Forms Task Force to Find Solution for Non-Damage BI Cover – Such as Pandemic

May 7 2020 // The Federation of European Risk Management Associations (FERMA) announced the launch of a task force to create proposals to address the issue of business interruption coverage for catastrophic risks.“Our aim is to...

Global Temperatures in April Matched Warmest on Record: European Climate Group

May 6 2020 // Temperatures in April were on par with the previous warmest April on record four years ago, with extremely high temperatures in some parts of Europe, Greenland and Antarctica.Above-average global temperatures meant April...

German Judge Casts Doubt on VW’s Defense in Landmark Diesel-Damages Case

May 5 2020 // Tuesday’s proceedings were the first time that Germany’s Federal Court of Justice, or Bundesgerichtshof, heard arguments from a plaintiff seeking damages from VW because it had sold vehicles with manipulated...

RMS Releases High Definition Models for European Severe Convective Storm

May 5 2020 // RMS, the Newark, Calif.-based risk modeling and analytics firm, announced the release of new European Severe Convective Storm (EU SCS) High Definition Models.The models represent 50,000 years of simulation of hail and...

Brexit Trade Talks Back on Agenda After COVID-19 Hiatus, Facing Tight Timetable

May 1 2020 // Banks are dusting off their no-deal Brexit plans as concerns deepen that Britain and the European Union won’t agree a trade deal by December as the COVID-19 pandemic compounds fundamental disagreements over future...

Beazley Expands M&A Insurance Team with 5 New Underwriters, Geographies

Apr 29 2020 // Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new underwriters.This follows several years of continuous growth in underwriting...

German Economy Relies on Rhine River – But Levels Are Low Without April Rainfall

Apr 28 2020 // Germany’s spring showers haven’t materialized this year, and that’s drying out the country’s most important river, prompting concerns that key industrial goods might have trouble making it to their...

Earthquake Hits Croatia, a Month After Another Tremor Causes Damages of $6B

Apr 23 2020 // An earthquake rattled Croatia’s capital, a month after a stronger tremor left Zagreb in need of $6 billion for renovation, adding to a growing list of costs as the European Union battles the coronavirus.The...

Conspiracy Theorists Set Fire to Europe’s 5G Network Towers, Claiming Link to COVID-19

Apr 22 2020 // The CCTV footage from a Dutch business park shows a man in a black cap pouring the contents of a white container at the base of a cellular radio tower. Flames burst out as the man jogs back to his Toyota to flee into the...

AXA XL Forms New Leadership Team, Aims to Restructure with Regional Business Units

Apr 21 2020 // AXA XL announced a new leadership team and proposed changes to the operating model of its Insurance business following a strategic review.Key proposed changes to the operating model include the creation of a single global...

Ferrari Provides Coronavirus Tests so Employees Can Return to Work

Apr 21 2020 // Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume...

More White Collar Employees Starting to Face Pay Cuts, Layoffs

Apr 20 2020 // First, it was bars, restaurants, hotels. And clothing stores, movie theaters, entertainment venues. And countless small businesses, from bookstores to barber shops.Now, the record-setting flood of layoffs unleashed by the...

European Risk Mgmt Group FERMA Supports National Backstops for Future Pandemics

Apr 17 2020 // The Federation of European Risk Management Associations (FERMA) support the development of government backstops to increase financial resilience against future pandemic risks – similar to what already exists in many...

Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S.

Apr 16 2020 // Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken by the UK government in response to the coronavirus pandemic, said the company in a...

Europe Needs Its Own Approach to Coronavirus Tracing, Say German Tech Startups

Apr 15 2020 // Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on Tuesday.Apple and Google...

Italy’s Generali to Pay 2019 Dividend, Resisting EU Regulatory Guidance

Apr 13 2020 // Italy’s biggest insurer Generali on Friday said it would pay its 2019 dividend in two tranches, confirming a total payout of 0.96 euros per share, citing its strong capital position.The announcement flies in the face...

Stresses of COVID-19 Hit Businesses, Their Insurers, so Partnership Is Needed: FERMA

Apr 7 2020 // The Federation of European Risk Management Associations (FERMA) has called for enhanced understanding of the insurance needs of European businesses to help them get through the pandemic and recover afterwards.“Many...

European Watchdog Urges Re/insurers to Suspend Dividends During Pandemic

Apr 7 2020 // The European regulator has urged re/insurers to temporarily suspect dividend distributions and share buybacks aimed at remunerating shareholders, given the level of uncertainties connected to the impact of the COVID-19...

Health-Care Providers See Surge in Ransomware Attacks in Europe, U.S.

Apr 3 2020 // When hackers broke into computers at Hammersmith Medicines Research, a London-based company that carries out clinical trials for new medicines, it was a nightmare scenario for managing director Malcolm Boyce.The...