Latest Europe Headlines

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

Brexit Update: City of London Prepares for Worst, Hopes for Best

Jan 17 2019 // Dismay, confusion, relief — and hope.The City of London had a range of reactions to the U.K. Parliament’s overwhelming rejection Tuesday night of Prime Minister Theresa May’s blueprint for quitting the...

Final Insured Losses for Europe’s Storm Friederike/David Estimated at €1.7B: PERILS

Jan 17 2019 // The final loss estimate for Extratropical Cyclone Friederike, also known as David, reached €1.672 Billion ($1.906 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide...

Cyber Joins Business Interruption as Top Global Business Risks: Allianz Survey

Jan 16 2019 // Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS).The impact of business interruption (which includes...

UK-EU Divorce in Disarray with Just 10 Weeks to Go Before Brexit Leave Date

Jan 16 2019 // Prime Minister Theresa May was trying to forge consensus in parliament on a Brexit divorce agreement on Wednesday after the crushing defeat of her own deal left Britain’s exit from the European Union in disarray 10...

May’s Brexit Deal Rejected by Parliament in Landslide Vote

Jan 15 2019 // Prime Minister Theresa May’s Brexit deal was rejected by Parliament in a humiliating defeat, her plan for leaving the European Union all but dead. She now faces a confidence vote in her government.The House of...

UK Prime Minister’s Brexit Deal Faces Crushing Parliamentary Defeat

Jan 15 2019 // Prime Minister Theresa May is set to see her Brexit deal rejected in the biggest Parliamentary defeat for a British government in 95 years after her last minute pleas for support appeared to fall on deaf ears. The battle...

2019 Cyber Insurance Predictions: Strong Drivers for Growth Ahead

Jan 15 2019 // Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the...

Jan. 1 Renewals Saw ‘Muted Impact’ from 2018’s Catastrophes: Guy Carpenter

Jan 14 2019 // The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth highest annual catastrophe loss year on record did create questions over pricing adequacy,...

Uncertainty over Brexit Takes Toll on UK Financial Services Sector: Survey

Jan 14 2019 // Uncertainty over Brexit and the economy have led demand for Britain’s financial services to shrink for the first time in five years, with no immediate sign of an improvement, a survey by business group CBI and PwC...

EU Lawmakers Seek to Beef Up Financial Services Protections Ahead of Brexit

Jan 10 2019 // The European Union moved a step closer on Thursday to beefing up its regulators to increase safeguards for consumers and create an EU capital market that reduces the bloc’s reliance on Britain’s financial...

Swiss Re Corporate Solutions Launches Parametric Water-Level Insurance in Europe

Jan 10 2019 // Swiss Re Corporate Solutions announced it is launching parametric water-level insurance called “FLOW.” This new index-based product is designed to protect companies in Europe from the financial impact of high...

Allianz-Backed Fintech Startup N26 Raises New Funds for Push into U.S.

Jan 10 2019 // N26 GmbH, the German banking app that’s backed by billionaires Peter Thiel and Li Ka-shing, has raised new funds at a valuation of $2.7 billion, making the company one of Europe’s most valuable non-listed...

Deadly Winter Storm Blasts Europe with Heavy Snow and Winds

Jan 9 2019 // Deadly winter weather blasted Europe for yet another day Tuesday, trapping hundreds of people in Alpine regions, whipping up high winds that caused flight cancellations and increasing the risks of more deadly avalanches.At...

R&Q’s EU Program Manager, Accredited, Forms Partnership with UK MGA Kitsune

Jan 8 2019 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary Accredited Insurance (Europe) Ltd. has signed a new program underwriting partnership with Kitsune Ltd., a UK managing...

If Brexit Deal Is Rejected, UK Would Enter Uncharted Territory: PM May

Jan 7 2019 // Prime Minister Theresa May said on Sunday [Jan. 6] that Britain would be in uncharted territory if her Brexit deal is rejected by parliament later this month, despite little sign that she has won over skeptical...

U.S. Signs Agreement with UK on Post-Brexit Insurance Regulation

Jan 7 2019 // The U.S. Treasury and U.S. Trade Representative have officially signed an agreement with the United Kingdom to provide insurance regulatory continuity after Britain exits the European Union.The agreement is similar to one...

UK Prime Minister’s Party Opposes Brexit Deal, as Uncertainty Hits Economy

Jan 4 2019 // British Prime Minister Theresa May’s bid to push her Brexit plans through parliament was dealt another blow on Friday when a survey showed most of her own party’s members oppose the agreement and would prefer...

R&Q’s EU Program Manager, Accredited, Forms Partnership with CPD Underwriting

Jan 3 2019 // Randall & Quilter Investment Holdings Ltd. announced that its wholly owned European subsidiary Accredited Insurance (Europe) Ltd. has signed a new program underwriting partnership with CPD Underwriting Solutions Ltd.,...

Final Insured Losses for Europe’s Cyclone Burglind Reach €756M ($862.1M): PERILS

Jan 3 2019 // The final estimate of insured property losses from Europe’s Extratropical Cyclone Burglind, also known as Eleanor, have risen to €756 million ($862.1 million), according to PERILS, the independent Zurich-based...

Arch Insurance Europe Finalizes Purchase of Ardonagh’s UK Commercial Lines Business

Jan 3 2019 // Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment.The acquired business, which generated more than £150...