Latest Europe Headlines

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

Tallying Losses from October’s Global Catastrophes

Nov 8 2018 // October was a deadly and costly month due to natural catastrophes, with the the U.S. and Europe being hit particularly hard, according to Aon’s Impact Forecasting.Total U.S. economic losses from October’s...

U.S. Reimposes Iranian Sanctions, Hitting Insurance, Shipping, Energy, Banking

Nov 5 2018 // The U.S. reimposed sanctions on Iran’s critical oil industry Monday, raising pressure on the Islamic Republic to scale back its ballistic missile program and involvement in conflicts across the Middle East.The...

UK Confident It Will Form Deal with EU on Post-Brexit Financial Services Trade

Nov 5 2018 // The United Kingdom is confident that it is on the verge of reaching an agreement with the European Union to give London’s vast financial center access to EU markets after Brexit, Britain’s financial services...

UK Insurance Businessman, Pro-Brexit Donor Denies Russian Connection

Nov 5 2018 // Arron Banks, the insurance businessman whose millions of pounds of donations to a pro-Brexit campaign are being investigated by police, denied Russia was involved and said the funds came from his U.K. business.“There...

Pro-Brexit Groups, UK Insurance Businessman Banks Probed by Crime Agency

Nov 2 2018 // Donations made by pro-Brexit groups including Arron Banks’ Leave.EU will be investigated by police after the Electoral Commission said they may have “knowingly concealed” the true source of 8 million...

Federal Cyber Privacy Bill Calls for Fines, Prison for Executives’ Violations

Nov 2 2018 // A senior Democratic U.S. senator on Thursday unveiled draft legislation that would allow hefty fines and as much as 20-year prison terms for executives who violate privacy and cybersecurity standards.Senator Ron Wyden...

Arch Insurance Europe Buys Ardonagh Group’s UK Commercial Lines Business

Nov 1 2018 // Arch Insurance Europe has purchased the UK Commercial Lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment.The acquisition will give Arch a meaningful presence and an extended...

QBE Restructures Operations, Creating 3 Global Units; Executive Team Named

Nov 1 2018 // QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business.Following the underwriting remediation in Asia, which is now largely...

Brexit Deal, Covering UK Financial Services, Is Closer to Completion: Officials

Nov 1 2018 // The United Kingdom and the European Union have made progress on a deal to give London’s dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement has yet been...

No-Deal Brexit Could Push UK into Lengthy Recession, Warns S&P

Oct 31 2018 // A no-deal Brexit would be likely to tip Britain into a recession as long as the downturn that followed the global financial crisis, and investors should no longer ignore this danger, credit ratings agency Standard &...

Update: Lion Air Jet Plunged at 350 Miles Per Hour Before Crash, Data Show

Oct 30 2018 // More than a day after a brand-new Boeing Co. 737 Max jet flown by Indonesia’s Lion Air plunged into the Java Sea, the search for the plane failed to yield much as investigators continued the grim task of uncovering...

PERILS Offers Windstorm Forecasting Platform in Australia, Updates Europe Service

Oct 29 2018 // PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has launched a windstorm forecasting platform in Australia and updated its existing service in Europe.The website,...

UK Heading for ‘Acrimonious and Disruptive’ No-Deal Brexit: Fitch

Oct 27 2018 // Ratings agency Fitch said on Friday it no longer assumed that Britain would leave the European Union in a smooth transition and said a “no deal” Brexit could lead to a further downgrade of its sovereign credit...

AIG’s European Restructuring Gets Nod in Final Step of Brexit Preparations

Oct 26 2018 // American International Group, Inc. announced its European subsidiary, AIG Europe Ltd. (AEL) has received approval from the High Court of England & Wales to transfer its business into two new entities: American...

No-Deal Brexit Would Drag UK Economy to Near Standstill: Report

Oct 26 2018 // A no-deal Brexit would drag the U.K. economy to a near standstill next year, according to a new report.If Britain leaves the European Union without an agreement, reverting to World Trade Organization’s...

Brexit Talks on Hold as UK Cabinet Can’t Agree on Way Forward: Sources

Oct 26 2018 // U.K. Prime Minister Theresa May’s Cabinet is not close enough to agreeing on a way forward for top level Brexit negotiations to resume, even as time is running short to reach a deal, according to people familiar with...

Cross-Border Insurance, Derivative Contracts May Get No-Deal Brexit Reprieve

Oct 25 2018 // The European Union might grant temporary permission for clearing houses in Britain to continue serving EU customers if there is a no-deal Brexit next March, an EU document seen by Reuters showed.LCH, a unit of the London...

Fidelis Sets Up Re/Insurer in Dublin to Prepare for Brexit; Senior Leaders Appointed

Oct 24 2018 // Fidelis Insurance Holdings Ltd. announced it has established a regulated re/insurer in Ireland, called Fidelis Insurance Ireland DAC (FIID), to take advantage of opportunities in the European Economic Area (EEA) after...

U.S. Hog Farmers on Alert Over African Swine Fever Disease

Oct 23 2018 // U.S. hog farmers are ramping up safety procedures and leaving animal-feed ingredients imported from China in storage in an attempt to keep out a highly contagious swine disease that is sweeping through Asia and Europe.U.S....

UK Businesses Roll Back Investment as Brexit Uncertainty Bites: Survey

Oct 21 2018 // Four-fifths of U.K. companies have cut or withheld investment because of the uncertainty caused by Brexit, Britain’s biggest business lobby said.Some 58 percent of businesses have made plans to cut jobs, adjust...