All the headlines from our Europe Topic Page, ordered by recency.
Sep 29 2017 // Climate researchers are warning that Europeans should prepare for the return of “Lucifer,” saying the hellishly named heat wave that hit parts of the continent this summer could become a regular occurrence due...
Sep 28 2017 // Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability.Although losses from natural catastrophes...
Sep 28 2017 // The top three challenges facing London market companies are the soft market, Brexit and regulatory compliance, according to a survey of International Underwriting Association (IUA) members.In an online questionnaire,...
Sep 28 2017 // Lloyd’s of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer’s capital and hit its profitability.Although losses from natural catastrophes...
Sep 28 2017 // London-based insurers applying for licenses to operate in the European Union after Brexit will be scrutinized for any attempts to game the system, the bloc’s insurance watchdog said.Insurance specialists say some...
Sep 25 2017 // S&P Global Ratings has assigned its ‘A-‘ long-term financial strength rating to Odyssey Re Europe S.A. (ORESA), with a stable outlook.The rating on ORESA is based on an explicit guarantee provided by...
Sep 25 2017 // The Bank of England said an agreement is needed as part of the Brexit process to protect the “long-term validity” of 20 trillion pounds ($27.1 trillion) of existing derivative contracts.The BOE’s...
Sep 22 2017 // The United States and European Union have scheduled a ceremony for today for the signing of a bilateral agreement on prudential insurance and reinsurance measures.Both sides announced in July their intention to sign the...
Sep 21 2017 // AXA has talked to BNP Paribas and Natixis in its search for a partner for its fund management arm, aiming to build a business with at least 1 trillion euros ($1.2 trillion) of assets under management, sources familiar with...
Sep 20 2017 // XL Group is the latest property/casualty insurer to make plans to move its European insurance company headquarters from the United Kingdom in response to its vote to leave the European Union.The insurer and reinsurer...
Sep 20 2017 // The European Commission proposed on Wednesday transferring some powers to oversee the financial sector from national capitals in a move to extend the EU’s grip on the industry as the bloc prepares for the departure...
Sep 19 2017 // Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway.The lure of products promising to...
Sep 18 2017 // German carmaker Audi is taking a lead in bringing more automated driving to roads, but rivals seem in no rush to follow while legal and regulatory uncertainties still cloud the technology.At the Frankfurt car show, Audi...
Sep 18 2017 // Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of...
Sep 15 2017 // New European Union regulations on foreign exchange trading will make it harder and more expensive to manage currency risk, traders said, especially for large financial counterparties such as hedge funds and insurance...
Sep 15 2017 // French insurer Axa SA is reviewing options for its European asset management unit amid consolidation in the sector, according to people familiar with the matter.Axa is considering a merger or joint venture for the...
Sep 14 2017 // Chubb announced that Tara Parchment, vice president, Personal Risk Services, UK & Ireland, has been appointed as head of its European Personal Risk Services division.In this role, Parchment will have responsibility for...
Sep 14 2017 // Growing cyber crime has spurred proposals to strengthen the European Union’s specially dedicated security agency and set up a fund to help countries who suffer such attacks.An increase in ransomware attacks such as...
Sep 11 2017 // The first global standard for investors to compare how much capital insurers from different countries hold to keep policies safe is caught in a transatlantic tussle, casting doubt on whether it is practical, industry and...
Sep 11 2017 // Chubb Limited intends to relocate its European Union headquarters to France if the United Kingdom leaves the EU as expected in March 2019.The insurer said the decision to choose France as Chubb’s preferred...