A European has caught a ball (5)
I believe the answer is:
dance
'a ball' is the definition.
(ball can mean an event for dancing)
'a european has caught' is the wordplay.
'a european' becomes 'Dane' (someone from Denmark).
'has' is an insertion indicator.
'caught' becomes 'c' (cricket abbreviation).
'dane' enclosing 'c' is 'DANCE'.
(Other definitions for dance that I've seen before include "Waltz maybe" , "social function" , "Eg, waltz, foxtrot" , "Eg, foxtrot or tango" , "Perhaps reel" .)