EU News
Risk is ‘Substantial’ That the UK Won’t Achieve Brexit Deal: Moody’s
The risk that the UK will tumble out of the European Union in two years without a Brexit deal is "substantial," Moody's Investors Service said. Such an outcome would affect everything from banks to ...
Pending EU Rules Should Spur International Cyber Insurance Market Growth: A.M. Best
The European Union's looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive fines for failure to comply. That's the bad ...
EU Brexit Negotiator Takes Hard Line on Upcoming Talks
The European Union reinforced its hard-line approach to the looming Brexit negotiations, threatening to inflame mounting tensions with the U.K. over money and sovereignty even before talks begin. ...
JLT’s John Lloyd Says Brexit Will Diminish the London Market
A post-Brexit financial environment won't kill the London market, but it will become diminished after the dust settles, insurance industry veteran John Lloyd said during the recent RIMS 2017 meeting ...
EU Focuses on Limiting Brexit Damage as Negotiating Stance Finalized
The European Union warned the U.K. that its remaining 27 countries are now its chief concern rather than anything Theresa May might want to achieve from Brexit as it seeks to limit negative ...
More Brexit Fallout: FM Global Chooses Luxembourg as EU Hub
U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain's decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, ...
Brexit Has Officially Begun
Prime Minister Theresa May filed formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the cohesion of ...
EU May Introduce Passporting for Fintech Services
The European Commission could introduce EU passporting and lower regulatory requirements for financial technology firms, moves that could undercut London's leading position in "fintech" as Britain ...