Latest Europe Headlines

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

California’s Data Privacy Law a Concern, Opportunity for Insurance Industry

Jul 3 2018 // California is on track to have what will be the nation’s most far-reaching law to give consumers more control over their personal data.The new law may be both a big concern, as well as a new and important...

Insured Losses for Europe’s Storm Burglind/Eleanor Rise to €724M ($842.3M): PERILS

Jul 3 2018 // The estimate of insured losses from Europe’s windstorm Burglind, also known as Eleanor, have risen to €724 million (US$842.3 million), according to PERILS, the Zurich-based organization that provides industry-wide...

Luxembourg Runs Low on Large Offices for Insurers, Banks Seeking Post-Brexit HQs

Jul 2 2018 // Luxembourg is so tiny that map-makers have been known to give up and pretend it’s not there.So as the minuscule financial hub continues to draw London firms opening up a post-Brexit presence in the European Union,...

FERMA, Latin American Risk Mgmt. Group ALARYS Partner to Offer Rimap Certification

Jun 29 2018 // The Federation of European Risk Management Associations (FERMA) and Latin American risk management association ALARYS signed a memorandum of understanding to jointly promote the FERMA rimap® risk management certification...

EU Needs to Prevent Brexit Threat to Derivative Contracts: BOE’s Carney

Jun 27 2018 // Mark Carney warned that time is running out to remove the threat that Brexit poses to trillions of pounds of derivative contracts, stepping up pressure on the European Union to act.Unless the EU follows the U.K. government...

International Underwriting Association Publishes Brexit Contract Continuity Clause

Jun 26 2018 // A Brexit clause has been published by the International Underwriting Association (IUA) to help companies manage insurance contracts as the UK leaves the European Union.The Brexit Contract Continuation Clause aims to...

EU Will Not Ease Post-Brexit Market Access for UK Insurers, Banks: Official

Jun 26 2018 // The European Union’s default market access for foreign financial firms will not be eased for Britain after Brexit and improvements to the equivalence regime will apply to all third countries, an EU official told...

Modernization, Underwriting Systems & Brexit Top COO Priorities: Lloyd’s Market Assn.

Jun 25 2018 // Market modernization, underwriting systems upgrades and Brexit preparations are the top three 2018 priorities of Lloyd’s market chief operating officers (COOs), a survey commissioned by the Lloyd’s Market...

Thousands of UK Jobs at Risk over Slow Brexit Negotiations, Business Groups Caution

Jun 25 2018 // Prime Minister Theresa May faces a new onslaught over her Brexit plans from corporate Britain, after the U.K.’s five main business lobbies urged her to make progress in the negotiations or risk losing jobs and...

Most Global Organizations Fail to Learn from Cyber Mistakes: WTW Survey

Jun 22 2018 // A majority of executives around the world feel their organizations can do better when it comes to learning from their past cyber mistakes, according to the results of a global survey conducted by The Economist Intelligence...

U.S. Missing Out on ‘Huge Economic Opportunity’ of Climate Change Fight: Canada

Jun 22 2018 // Canada has an environmental message for Donald Trump: you can’t stop the global campaign against climate change and you will hurt the U.S. by abandoning the battle.Canadian Environment and Climate Change Minister...

EU Parliament Panel Backs Stricter Copyright Rules Opposed by Tech Leaders

Jun 21 2018 // Google, Facebook , Microsoft and other tech giants could face more curbs on their market power after a European Parliament committee voted in favor of tougher copyright rules on Wednesday.The copyright rules, proposed by...

Allianz’ CEO Seeks Big M&A – But He Doesn’t Want to Pay for It: Opinion

Jun 19 2018 // The CEO of Europe’s biggest insurer is up for a big deal. He just doesn’t want Allianz SE to pay for it. Oliver Baete is going to find it hard to have his cake and eat it.Three years into the job, and things...

Climate Change Lawsuits a Growing Threat: Opinion

Jun 18 2018 // Last month, a group of 10 families filed an action against the European Union at the European General Court, the EU’s second highest court. All claim to have suffered loss from climate change. Specifically, they...

CEO of VW’s Audi Arrested in Germany over Emissions Cheating Scandal

Jun 18 2018 // German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, the most senior company official so far to be detained over the carmaker’s emissions test cheating scandal.Munich prosecutors, who...

Massive Cyber Attack of UK Retailer Dixons Carphone Prompts Data Watchdog Probe

Jun 15 2018 // The U.K.’s data-protection watchdog said it’s investigating a cyber attack at Dixons Carphone Plc that affected almost 6 million payment cards.The retailer, already struggling with a slowing mobile-phone market...

Sompo International Launches Transaction Risk Insurance in Europe

Jun 15 2018 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced today that the company’s European specialty platform has introduced a new...

UK Insurance Entrepreneur Banks Accuses Lawmakers of `Witch Hunt’ to Derail Brexit

Jun 13 2018 // Arron Banks, one of the self-described “bad boys of Brexit,” said he has no business interests in Russia and there was no evidence of a conspiracy connected to Britain’s vote to leave the European...

Navigators Completes Acquisition of Belgian Specialty Insurer for €35M ($41.3M)

Jun 12 2018 // The Navigators Group Inc. has completed the acquisition of Bracht, Deckers & Mackelbert NV (BDM), a specialty underwriting agency, and its affiliated insurance company, Assurances Continentales – Continentale...

Zurich Insurance Buys Minority Stake in InsurTech Startup CoverWallet

Jun 11 2018 // Zurich Insurance Group has acquired a minority stake in CoverWallet, a digital business insurance agency startup.CoverWallet, which launched in 2016, said the investment builds on commercial partnership between the two...