Europe

Deutsche Bank office

Deutsche Bank moves euro clearing operations as Brexit risks mount

Germany’s biggest bank, Deutsche Bank has shifted an important part of its euro clearing business to Frankfurt from London due to Brexit. The move...
German Finance Minister Olaf Scholz

German Finance Minister calls for EU-wide unemployment insurance

German Finance Minister Olaf Scholz suggested that the time has come to create a Europe-wide network for unemployment insurance to breathe life into the...
European Securities Markets Authority

EU regulator publishes guidelines on MiFID II requirements

The European Securities and Markets Authority (ESMA) recently published report updates in regards to the transparency and market structure issues under the Market in...

Sogaz buys VTB Insurance to create Russia’s largest insurer

Russia’s largest insurer the Sogaz Group is about to get a lot bigger. VTB Bank sold its insurance subsidiary VTB Insurance to Sogaz on...
Woman at airport checking flights information board for delays

AXA testing Blockchain with new flight delay insurance product

French insurer AXA launches new flight delay insurance product based on the latest Blockchain technology that offers automatic compensation to travellers who have their...
Deutsche Bank office

Deutsche Bank one of the world’s riskiest financial institution

The collapse of Deutsche Bank, an institution with a little over $2 trillion in assets is the greatest potential risk to the world’s financial...
Google France office

Google eyes partnerships with insurers in France

Google is eyeing to enter the insurance market through partnerships with insurance companies. The technology giant is looking to forge partnerships with insurance providers in...
Convention Centre Dublin

Beazley eyeing EU licenses in Dublin after Brexit vote

Almost two months following the United Kingdom’s decision to leave the European Union (EU), London-based insurers are weighing in several options that will enable...
traffic jam during rush hour

Gibraltar-based Enterprise Insurance announces insolvency

The Gibraltar Financial Services Commission (GFSC) has recently ordered Enterprise Insurance to discontinue writing new insurance contracts after the insurer declared its insolvency. GFSC also...

EIOPA advises to enhance the asset class under Solvency II

In a report published by The European Insurance and Occupational Pensions Authority or EIOPA, published a report to advise on the extension of the...
Swedish flag

Broker Arthur J. Gallagher expands in Scandinavia with Brim’s acquisition

US-based insurance brokerage and risk management services company Arthur J. Gallagher & Co. (AJG) has further cemented its presence in Scandinavia through the acquisition...
Allianz France Paris head office

Allianz looking to strengthen its footprint in Spain and France

FRANKFURT (Reuters) - Allianz set aside 2.5 billion (2 billion pounds) to 3 billion euros for acquisitions in the euro zone this year and...
China and Europe flag

Memorandum of Understanding signed between Europe and China

The European Insurance and Occupational Pensions Authority (EIOPA) and the China Insurance Regulatory Commission (CIRC) have recently met in Budapest to sign a Memorandum...
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EU-US Privacy Shield promises stronger data protection

The European Commission (EC) has formalised the adoption of the EU-US Privacy Shield, a new framework for transatlantic data transfers, placing greater obligations on...

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