Latest Europe Headlines

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

Risk of ‘Chaotic’ No-Deal Brexit Increasing: UK Foreign Minister Hunt

Aug 15 2018 // The risk of a no-deal Brexit has been increasing and the European Union commission needs to change its attitude if a deal is to be reached, British foreign minister Jeremy Hunt said on Tuesday.“Everyone needs to...

Moody’s Forms Stockholm Subsidiary to Prepare for Brexit

Aug 14 2018 // Credit ratings agency Moody’s is converting its Stockholm branch into a subsidiary as the sector faces regulatory pressure to have enough staff in the European Union post Brexit.Moody’s, one of the “Big...

Various Scenarios for Brexit: Deal, No Deal, New Referendum?

Aug 13 2018 // The United Kingdom is due to leave the European Union on March 29, yet little is clear: There is, so far, no divorce deal, rivals to Prime Minister Theresa May are circling and some lawmakers are pushing for a rerun of the...

U.S. on Lookout for Possible Iranian Cyber Attacks After Reinstatement of Sanctions

Aug 13 2018 // The U.S. is bracing for cyberattacks Iran could launch in retaliation for the re-imposition of sanctions this week by President Donald Trump, cybersecurity and intelligence experts say.Concern over that cyber threat has...

2nd Chinese Manufacturer Makes Tainted, Carcinogenic Heart Drug: EU

Aug 10 2018 // The European Medicines Agency (EMA) said on Friday that a second Chinese contract manufacturer, Zhejiang Tianyu, had produced a common blood pressure and heart drug with an impurity that could cause cancer.The alarm over...

UK Should Drop Migration Target After Brexit: Business Lobby

Aug 10 2018 // The UK should drop its net migration target after Brexit and introduce a system for arrivals from the European Union that better meets employers’ needs, Britain’s biggest business lobby group said.The...

July’s Droughts, Wildfires, Floods Caused Billions in Global Economic Losses: Aon

Aug 10 2018 // Many countries across the globe saw worsening in drought-related and wildfire conditions during July, which have led to hundreds of deaths and created a significant financial impact – particularly in the agriculture,...

Global Commercial Insurance Prices Rise for 3rd Consecutive Quarter: Marsh

Aug 10 2018 // Global commercial insurance prices rose in the second quarter of 2018, marking the third consecutive quarter of increases, according to Marsh’s “Global Insurance Market Index.”These average increases were...

AIG Appoints Aspen Re’s Lillelund as CEO of AIG Europe in Luxembourg

Aug 8 2018 // American International Group, Inc. announced that Thomas Lillelund will join as chief executive officer of AIG Europe SA.Headquartered in Luxembourg, AIG Europe SA is a new legal entity for AIG’s business in the...

Major Post-Brexit Risk: UK’s $33.5B of Financial Services Exports to EU

Aug 8 2018 // Britain must avoid tying Brussels up in red tape or antagonizing its soon to be former European Union partners and the United States if it is to maintain access to the bloc’s financial services market after Brexit.At...

Aspen Promotes Issavi to Lead Its Reinsurance Business, Succeeding Lillelund

Aug 8 2018 // Bermuda-based Aspen Insurance Holdings Ltd. announced that Emil Issavi, president and chief underwriting officer of Aspen Re, has been appointed to lead its reinsurance business with immediate effect.Issavi succeeds Thomas...

Portugal Battles Wildfire as Intense Heat Wave Continues Across Europe

Aug 7 2018 // Emergency services in Portugal continued their fight Monday against a major, four-day wildfire on the south coast that threatened to engulf a hillside town overnight.The Civil Protection Agency said 44 people required...

No-Deal Brexit Doomsayers Could Be Helping UK Prime Minister in Negotiations

Aug 7 2018 // Is a no-deal Brexit becoming more likely? U.K. Trade Secretary Liam Fox puts the chances at 60 percent. And while Theresa May sees that as an overestimate, her office has been careful not to dispute Fox’s argument...

UK Is Facing Messy, No-Deal Brexit, Warns Trade Secretary Fox

Aug 6 2018 // Prime Minister Theresa May’s ministers are ratcheting up warnings that Brexit talks risk ending in failure, with International Trade Secretary Liam Fox on Sunday predicting a messy split from the European...

Odds of No-Deal Brexit Are ‘Uncomfortably High,’ Warns BOE’s Carney

Aug 3 2018 // Mark Carney threw himself back into the thick of the Brexit debate on Friday, saying the chance of the U.K. dropping out of the European Union without a deal is “uncomfortably high.”The intervention suggests...

Allianz Beats Q2 Profit Estimates with Help of PIMCO Bond Fund Unit

Aug 3 2018 // Allianz SE said strong growth across its businesses lifted second-quarter profit as Europe’s largest insurer keeps the market waiting on any acquisitions it will undertake.The gains help keep Allianz on track to meet...

CNA Hardy’s EU Subsidiary Granted Insurer License in Luxembourg

Aug 2 2018 // CNA Hardy, the specialist commercial insurer writing business within the Lloyd’s and company markets, announced that its new European subsidiary has successfully been granted an insurance company license by...

Broker THB Taps Bertelkamp from Ansvar Insurance as European Operations Director

Aug 1 2018 // THB, the London-based specialist re/insurance broker and AmWINS subsidiary, announced the appointment of Ko Bertelkamp as operations director of THB Europe, effective immediately. Ko Bertelkamp is based in Amsterdam and...

UK’s Financial Services Exports Highlight Need to Keep Post-Brexit Access: Officials

Aug 1 2018 // Britain’s exports of financial services to the European Union hit a record high last year, highlighting the need for the City to preserve access to the bloc after Brexit, industry officials said on Tuesday.Exports...

Lloyd’s Conducts Business Review in Wake of 2017’s $2.6 Billion Loss: Sources

Jul 31 2018 // Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU,...