Latest Europe Headlines

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

Electricity Can’t Hold Candle to Artificial Intelligence in Significance: Alphabet CEO

Jan 28 2020 // Google’s chief executive officer has left no doubt about how important he thinks artificial intelligence will be to humanity.“AI is one of the most profound things we’re working on as humanity. It’s...

Factbox: What’s Ahead for UK Financial Services Sector and Brexit Trade Deal?

Jan 28 2020 // Britain leaves the European Union at 2300 GMT on Friday but has yet to negotiate a deal on future trading relations with the bloc.The EU is Britain’s biggest market for financial services, worth about 26 billion...

Cyber Attacks in Europe, Middle East Could Be Work of Turkey-Sponsored Hackers

Jan 27 2020 // Sweeping cyber attacks targeting governments and other organizations in Europe and the Middle East are believed to be the work of hackers acting in the interests of the Turkish government, three senior Western security...

U.K. Financial Services Firms Prepare for Worst in Brexit Trade Talks

Jan 27 2020 // Britain’s finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a political struggle...

U.K. Financial Services Firms Must Prepare for Failure of Brexit Trade Deal: Regulator

Jan 24 2020 // Financial firms in Britain should be ready in case no trade agreement is struck with the European Union by December, a senior U.K. regulator said on Thursday.Britain leaves the EU next week, followed by a “business...

Sompo International Hires Allied World’s James to Run International Insurance Business

Jan 23 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty property and casualty re/insurer, announced that Julian James will soon join the organization to lead the London market and international insurance...

EU Privacy Regulators Expected to Raise Fines Under GDPR Data Protection Rules

Jan 22 2020 // European Union privacy regulators are gearing up to make full use of expanded powers under new data protection rules, according to a report that found 114 million euros ($126.5 million) in fines have been levied so far for...

IBM Calls For Rules to Curb Bias in Artificial Intelligence

Jan 22 2020 // IBM called for rules aimed at eliminating bias in artificial intelligence to ease concerns that the technology relies on data that bakes in past discriminatory practices and could harm women, minorities, the disabled,...

Everest Re Taps NewRe’s Klinger as Head of Continental Europe, Succeeding Knipper

Jan 21 2020 // Everest Re Group Ltd. has announced that Artur Klinger will join the Everest Reinsurance Division during mid-to-late 2020 as managing director of Continental Europe, succeeding Stephan Knipper who will retire after 33...

U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report

Jan 16 2020 // Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best.Companies have had to contend with changes...

Chubb Names Côté as Head of Major Accts, Europe; Brionne as France Country President

Jan 16 2020 // Chubb announced a series of changes to its European leadership team: a new head of Major Accounts for Europe; a new country president for France and a new director of Accident & Health Continental Europe.Nadia Côté...

Earth Is Hotter Than at Any Time Since Start of Industrial Revolution: Report

Jan 10 2020 // The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost two centuries ago.That’s the conclusion of Europe’s Copernicus Climate Change Service, which...

U.K. Lawmakers Approve EU Exit at End of January with 11 Months of Trade Talks Ahead

Jan 9 2020 // Lawmakers approved legislation on Thursday which will allow Britain to leave the European Union on Jan. 31 with an exit deal, ending more than three years of tumult over the terms of the unprecedented divorce.They voted...

Coverys European Holdings Buys AEC SpA, Rome-Based Lloyd’s Coverholder, Broker

Jan 9 2020 // Coverys European Holdings Ltd. (CEH), the London-based agency platform that invests in managing general agencies (MGAs) in Europe and the U.K., announced it acquired AEC SpA, a Lloyd’s coverholder, broker, third...

‘Impossible’ to Agree to Full EU-U.K. Brexit Trade Deal by Year End: EU Head

Jan 9 2020 // Britain will find it “basically impossible” to negotiate all aspects of its future relationship with the European Union by the end of this year, the head of the European Commission said on Wednesday, adding...

Natural Catastrophes Cost $150B in 2019, with Insurers Paying $52B: Munich Re

Jan 8 2020 // Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the average of the past 30 years, according to Munich Re’s catastrophe...

Trump Administration Seeks to Limit ‘Overreach’ of Regulation of Artificial Intelligence

Jan 8 2020 // The White House on Tuesday proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach,” and said it wants European officials...

U.K. Financial Services Firms Pay Record Taxes with Future Prospects Clouded by Brexit

Jan 7 2020 // Britain’s financial industry paid a record near-$100 billion in taxes in the year to March, reaffirming its central role in funding the state at a time when its future prospects have been clouded by Brexit.The 75.5...

BHSI Taps AIG’s Browne as Ireland Country Manager, Head of Casualty, U.K. & Europe

Jan 7 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has named Hilary Browne to the dual role of country manager for Ireland and head of Casualty for U.K. and Europe.Browne comes to BHSI with nearly 20 years of...

Climate Change, Cyber Warfare Risks Are Key London Market Issues for 2020: IUA

Jan 3 2020 // Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in its business plan for 2020.The association said it is establishing a new market...