Latest Europe Headlines

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

U.K. PM Johnson Vows to Exit EU (With or Without a Deal) After Historic Court Defeat

Sep 24 2019 // A defiant Boris Johnson hit back at the U.K.’s top judges and vowed to take the country out of the European Union next month, despite suffering an unprecedented legal defeat over his Brexit strategy in the highest...

Many Major Central Banks, Minus U.S. Fed, Taking Action on Climate Change Risks

Sep 24 2019 // Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the great and good of the British insurance industry.“I’m going to give you a speech without a joke, I’m...

Travelers to Transfer European Business to Dublin Subsidiary in Preparation for Brexit

Sep 24 2019 // Travelers Insurance Co. Ltd., the U.K. subsidiary of The Travelers Cos., has received approval from the High Court of England and Wales to transfer the portfolios of all relevant in-force policies and historic liabilities...

Staying Profitable in an Increasingly Fragmented World: SCOR Global P&C CEO

Sep 23 2019 // There are several things that keep SCOR’s Jean-Paul Conoscente awake at night. Climate change is one of them; cyber risk is another. Only time will tell whether these risks are actually insurable, cautions...

As Brexit Fatigue Grows, the Political Will to Prevent No-Deal Exit Is Evaporating

Sep 19 2019 // Brexit from afar is looking like a disaster about to happen. One European official, watching the situation up close, compared it to two cars driving at high speed toward each other with each expecting the other to swerve...

BHSI Taps Executives from AIG and AXA XL as Claims & Product Line Leaders in France

Sep 19 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its leadership team in France, naming Katell Pouliquen as head of Claims, Louis du Ché as head of Property and Ludovic Ruiller as head of...

Risk of No-Deal Brexit Is Now ‘Palpable,’ Says EU’s Juncker

Sep 18 2019 // European Commission President Jean-Claude Juncker said on Wednesday that the risk of a no-deal Brexit on Oct. 31 is now “palpable,” sparking a drop in the pound.Juncker, speaking to the European Parliament in...

Lloyd’s Expects ‘Sobering’ Results from Survey of Workplace Culture

Sep 18 2019 // Lloyd’s of London expects “sobering” results from a survey of the workplace culture at its member firms, the insurance market’s chairman said on Wednesday as a rise in investment income drove a...

Prime Minister Johnson’s Brexit Plan Goes to Court as Latest EU Talks End in Failure

Sep 17 2019 // Boris Johnson’s Brexit strategy has been on trial ever since he became prime minister eight weeks ago, and on Tuesday his lawyers will defend it in the U.K.’s highest court.Fresh from being lambasted by a...

U.K. Police Drop Probe Into Pro-Brexit Group Leave.EU, Co-Founded by Insurance Exec

Sep 13 2019 // U.K. police dropped an investigation into whether Brexit supporting campaign Leave.EU breached electoral law, saying there was insufficient evidence to justify any further criminal probe.While Leave.EU made some...

Euro Zone to Launch Public Cryptocurrency in Response to Threat of Facebook’s Libra

Sep 13 2019 // Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they hope would make redundant projects like Facebook’s Libra, which is seen as a risk to financial...

U.K. Prime Minister Warned that Parliament ‘Forcefully’ Will Try to Stop No-Deal Brexit

Sep 13 2019 // Boris Johnson’s Brexit troubles deepened as the Speaker of the House of Commons warned him Parliament will “forcefully” try to stop him taking Britain out of the European Union without a deal.The premier...

UK Government Will Not Delay Brexit, Says PM Johnson

Sep 10 2019 // Prime Minister Boris Johnson said on Tuesday he would not request an extension to Brexit, hours after a law came into force demanding that he delay Britain’s departure from the European Union until 2020 unless he can...

Aon Launches Real-Time Loss Forecasting for U.S. Hurricanes, European Windstorms

Sep 9 2019 // Aon plc has launched Automated Event Response (AER), designed to enable insurers to view real-time portfolio risks from two of the costliest perils: U.S. hurricane and European windstorm.Insurers, which aim to indemnify...

With U.S. Leadership Grounded, Global Regulators Worry About 737 Precedent

Sep 5 2019 // The head of the International Air Transport Association (IATA) warned on Tuesday that any discrepancy among global regulators over re-approving Boeing Co.’s 737 MAX for commercial flight could set a worrying...

Ryan Specialty Group’s Transactional Risk Unit, Hunter George, Gets a Name Change

Sep 4 2019 // Ryan Specialty Group Europe announced that its London-based transactional risk managing general underwriter, Hunter George & Partners, is changing its name to RSG Transactional Risks Europe. The dedicated transactional...

UK PM’s Brexit Plan Suffers Humiliating Defeat as Election Fight Looms

Sep 4 2019 // U.K. Prime Minister Boris Johnson began moves to trigger a snap general election after suffering a humiliating defeat for his Brexit strategy that left his ruling party in tatters.A fresh poll to choose a new government...

UK Finance Minister Tells Executives Finance Sector Is His Priority as Brexit Nears

Sep 3 2019 // British finance minister Sajid Javid told representatives of the country’s financial services industry on Monday that the sector was a top priority for him as the country prepares to leave the European Union, a...

Brexit Is Moving £61 Billion in London Insurance Business to Rival Financial Centers

Sep 3 2019 // London’s outsized role in the global insurance industry is being whittled down by Brexit.As much as 61 billion pounds ($75 billion) of business is shifting to rival financial centers in the European Union as a...

European Insurers Are Having a Rough Time This August – Here’s Why…

Aug 29 2019 // European insurers are having a rough time. Already carrying the burden of low yields eroding their investment income, disappointing earnings as well as some companies’ exposure to Asia are making things even...