Storm Boelo brings winds, flooding and power cuts across UK
Storm Boelo has caused flooding, power outages and widespread travel disruption across the UK, with winds reaching 82mph in Scotland after Storm Austen
🇪🇺 Europe Insurance News
Latest insurance news from European insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from Europe by countries.
HMRC bank account access powers could expand to recover unpaid tax debts in the UK
HMRC could gain powers to automatically recover smaller tax debts from bank and savings accounts under UK Budget proposals targeting £4 bn in unpaid taxes
DVLA issues October warning to older drivers over licence renewal rules
UK driving licence rules require drivers aged 70 and over to renew every three years, while Northern Ireland introduces new learner and passenger restrictions
ILS capital hits $145 bn, supported by growth in cat bonds and reinsurance sidecars
Insurance-linked securities capital reached $145 bn in H1 2026, with catastrophe bonds rising 17% to $63.4 bn and sidecar capital growing 35%
Fintech Zilch expands UK credit, rewards and payment services
Zilch introduces two membership tiers, Pay Monthly financing and Advance salary access of up to £100, expanding its UK credit, rewards and payment services
Fintech TrueLayer raises $27 mn to expand European open banking payments
TrueLayer has raised $27 mn in funding led by CDP Venture Capital, bringing total investment to $348.8 mn as it expands pay-by-bank services across 22 European markets
Cybertech Blackwall raises $100 mn at $2.2 bn valuation for web security
Estonia-founded cybersecurity company Blackwall raised $100 mn in Series C funding led by AVP to expand AI bot protection and web traffic security across 12 regions
UK storm forecast: Five weather systems to bring heavy rain and gales
The UK faces five spells of wet and windy weather before Halloween, with up to five inches of rain, 60 mph gusts and a possible named storm
Berkshire Hathaway Specialty Insurance enters Poland, appoints Carsten Keune
Berkshire Hathaway Specialty Insurance expands into Poland and appoints Carsten Keune as Country Manager to lead growth across Central and Eastern Europe
ARX insurance customer loyalty NPS reaches 83.8
Ukrainian insurer ARX reports a customer loyalty NPS of 83.8, with claims satisfaction of 4.8 out of 5 and 95% positive reviews across more than 12,500 ratings
MetLife increases Ukraine life insurance market share to nearly 50%
MetLife’s share of Ukraine’s life insurance market approached 50% in 2025, with UAH 3 bn in premiums, assets exceeding UAH 12 bn and record investment income
Insurers adjust Amazon (NASDAQ: AMZN) stock holdings as Ayalon and Zurich Insurance increase stakes
Ayalon, Zurich and other insurers increased Amazon investments in 2026, while Manulife and Meiji Yasuda reduced holdings, according to SEC filings
Credeq secures Lloyd’s approval for credit insurance Syndicate 1998
Credeq has received in-principle approval from Lloyd’s to establish Syndicate 1998, expanding its credit insurance, surety reinsurance and trade credit capacity
Tottenham forward Omar Marmoush fined £408 over uninsured McLaren 720S
Tottenham striker Omar Marmoush was fined £408 after his £250,000 McLaren was found uninsured, highlighting the UK’s continuous insurance enforcement rules
350 French supermarket cyberattack exposes gaps in cyber insurance coverage
A cyberattack on 350 French supermarkets caused major food losses after hackers disabled refrigeration systems, exposing gaps in cyber insurance coverage
England declares severe drought as reservoir levels fall to 16%
Severe drought has been declared across six areas of England as reservoir levels drop to critical lows, threatening water supplies and prompting emergency measures
Business interruption claims 70% higher than property insurance losses
Allianz Commercial reports average business interruption claims exceeding €850K, driven by concentrated production, supply chain constraints and rising recovery costs
Business interruption insurance claims rise over 30% annually, Allianz says
Average business interruption insurance claims have risen more than 30% annually over two years, Allianz Commercial reports, driven by fires, supply chain disruptions and higher recovery costs
UK Legal Aid Agency cyberattack exposes 250K historical records and banking detail
The UK Legal Aid Agency has revealed new details of its cyberattack, including potentially stolen criminal case records, personal information and legal providers’ banking details
Ryanair and easyJet cancel thousands of winter flights as fuel costs soar
Ryanair and easyJet are cutting thousands of winter flights as European jet fuel prices reach $196 per barrel, leaving passengers facing cancellations and rebooking
Climate change could trigger global financial crisis, insurers warn
Insurance executives warn that climate change could make properties uninsurable, destabilize mortgage markets and shift rising flood losses to governments
UK Pension Credit campaign targets 660K households with £4,500 annual aid
UK government launches a Pension Credit campaign targeting 660,000 households, offering eligible pensioners an average income boost of over £4,500 a year
Insurtech Harbor raises $10 mn to develop AI agent liability insurance platform
Harbor secures $10 mn from Base10 Partners, Abstract and 8VC to develop an AI agent risk management and insurance platform for regulated businesses
Aon and EBRD expand Ukraine war risk insurance facility to €150 mn
Aon and EBRD increase Ukraine’s war risk insurance facility to €150 mn, expanding reinsurance capacity, coverage and local insurer participation
iRhythm data breach may affect 8.2 mn people, hackers stole patient information
iRhythm confirms patient data theft following a June cyberattack on third-party applications. Regulatory filings indicate up to 8.18 mn people may be affected
Denmark CPR data breach exposes 8.75 mn records via weak password
Denmark’s CPR data breach exposed 8.75 mn records after hackers allegedly exploited a ‘123456’ password at IT firm Pays, raising concerns over third-party security
UK warns autonomous AI cyberattack is likely after OpenAI Medicare breach
UK AI minister warns autonomous AI agents could breach national cyber defences after OpenAI’s Medicare incident, prompting stronger security and regulatory measure
Cyberattack on French supermarkets causes millions in losses
Hackers targeted Danfoss refrigeration systems at hundreds of French supermarkets, causing food spoilage, fires and potential losses worth millions of euro
UK ICO investigates AI agents at OpenAI, Meta and Anthropic
UK data regulator ICO investigates AI agent security risks involving OpenAI, Meta and Anthropic, while securing privacy improvements from 10 major AI developers
H&M investigates ShinyHunters cyberattack claims after ASOS breach
H&M investigates potential cyberattack claims linked to ShinyHunters following an ASOS data breach, raising concerns over retail cybersecurity and insurance risks
Jet2 cancels La Palma flights from Manchester and London Stansted
Jet2 cancels flights and holidays to La Palma from Manchester and London Stansted. Services end October 30, with affected passengers offered refunds or rebooking
Healthtech Sava Technologies raises £27 mn in Series B for glucose microsensor launch
London-based Sava Technologies raises $36 mn in Series B funding led by Ascensia to commercialize its wearable glucose microsensor, starting in Europe
Tiger kills man at Yorkshire Wildlife Park, animal will not be euthanised
A Siberian tiger named Altai fatally attacked a man at Yorkshire Wildlife Park on October 10. Police are investigating, and the tiger will not be euthanised
Athena Re secures Lloyd’s coverholder approval for cyber insurance
London-based insurance MGA Athena Re receives Lloyd’s coverholder approval to launch a cyber insurance binder and expand its specialty insurance portfolio
Pen Underwriting acquires Ornella, doubling Irish insurance business
Pen Underwriting acquires Ornella Underwriting, doubling its Irish insurance operations and expanding commercial motor, fleet, home and specialty coverage
UK P&I and TT Club approve $750 mn marine insurance merger
UK P&I and TT Club members approve a merger creating United Transport Mutual, with $750 mn in annual premiums, $888 mn in free reserves and global marine coverage
Average business interruption insurance claims exceed €850K, Allianz finds
Allianz Commercial reports average business interruption claims above €850,000, with fire, natural catastrophes and supply chain disruptions driving losses
J.P. Morgan forecasts 20% drop in property cat reinsurance rates
J.P. Morgan forecasts a 10-20% decline in property catastrophe reinsurance rates at January 2027 renewals as record capital and low losses pressure pricing
UK winter 2026-2027: El Niño and polar vortex interaction raise risk of snow
UK winter forecasts suggest El Niño and polar vortex disruption could increase the risk of snow, freezing temperatures and storms, but uncertainty remains
Insurtech Alan acquires Tanel to expand health insurance business in Africa
Alan acquires Senegal-based healthtech Tanel, entering Africa’s health insurance market with plans to cover more than 1 mn people across the continent by 2030
Insurtech Alan launches health insurance campaign with Kylian Mbappé
Insurtech Alan launches its Health Can’t Wait campaign with Kylian Mbappé and Wieden+Kennedy across four markets to promote preventive health insurance
Aon forecasts 9% rise in global medical costs in 2027
Aon forecasts global medical costs to rise 9% in 2027, with regional trends ranging from 7.5% in Europe to 12.2% in the Middle East and Africa
UK FCA proposes 90-day withdrawal notice for illiquid investment funds
UK FCA proposes a 90-day redemption notice for funds holding illiquid assets, with monthly withdrawals and a 185-day limit on notice and settlement periods
Nettle raises $4.8 mn to expand AI-powered insurance loss control
Nettle secures $4.8 mn in oversubscribed seed funding led by MTech to expand its AI loss control platform, accelerate risk inspections and grow in the US and Europe
Lloyd’s List Intelligence launches satellite spoofing check
Lloyd’s List Intelligence adds satellite-confirmed spoofing to Seasearcher, linking AIS anomaly detection with imagery to give maritime teams stronger evidence
Aviva CEO Amanda Blanc calls for AI skills update and warns on flood risk
Aviva CEO Amanda Blanc urges new insurance AI standards while warning that homes built in flood zones risk becoming uninsurable
Aviva operating profit rises 24% after Direct Line acquisition
Aviva reports a 24% rise in first-half operating profit to £1.3 bn as Direct Line integration lifts general insurance premiums and earnings
Insurtech ManyPets launches ChatGPT plugin for pet insurance quotes
ManyPets launches a ChatGPT plugin offering indicative pet insurance prices as the UK insurer expands its use of AI across customer services
Go.Compare launches short-term learner driver insurance comparison
Go. Compare launches a short-term learner driver insurance comparison service with Comparison Creator and a dedicated panel of specialist insurers
GoShorty launches temporary taxi and named driver impound insurance cover
GoShorty adds temporary taxi insurance and named driver options to its car and van impound policies as it expands specialist motor cover
Zurich Insurance appoints Deepak Taduru as Head of Talent Acquisition
Zurich Insurance appoints Deepak Taduru as Head of Talent Acquisition, bringing senior recruiting experience across financial services and technology
Jio Financial and Allianz invest $66.6 mn in Jio Allianz General Insurance
Jio Financial Services and Allianz Europe invest $66.6 mn in Jio Allianz General Insurance to support the 50:50 joint venture’s operations
Switzerland Crans-Montana victims: insurance claims and compensation updates
Switzerland will pay CHF 50,000 to people hospitalised after the Crans-Montana fire and victims’ families, with up to CHF 20 mn possible for settlements
Genworth Financial responds to AXA loss in UK PPI appeal against Santander
Genworth comments on the UK Court of Appeal ruling against AXA in its Santander PPI case and says potential recoveries weren’t included in capital plans
Lloyd’s Lab selects 10 insurtech startups for Cohort 17 Accelerator
Lloyd’s Lab selects 10 companies for Cohort 17, focusing on market efficiency, new insurance products and experimental technologies during a ten-week programme
UK polar vortex snow weather forecast as El Niño raises risks
El Niño raises the chance of wetter, stormier UK weather, but forecasts do not support widespread snow or a prolonged freeze
Black Sea drone attacks on ships raise marine insurance risks off Bulgaria and Romania
Drone attacks sank commercial ships off Bulgaria and Romania in two days, raising Black Sea shipping and marine war insurance concerns
ASOS hacked in data breach affecting UK and Australia
ASOS is investigating unauthorised activity after hackers sent customers a message claiming access to Snowflake. Names and contact details may be exposed
World Space Week 2026 focuses on Rocket Revolution
World Space Week 2026 runs under the Rocket Revolution theme, focusing on reusable rockets, commercial launches and wider access to orbit
Arsenal Insurance and VUSO pay $2.2 mn for Kyiv business centres damaged by missile strike
Arsenal Insurance and VUSO have completed the settlement of insurance claims related to damage to two business centres belonging to the same network in Kyiv following a missile attack
67% of US independent insurance agents use AI, while trust and innovation drive carrier partnerships and satisfaction diverges across P&C insurance lines
Global reinsurance under pricing pressure in 2026, while U.S. P&C insurance stays stable despite slower growth, softer underwriting profits and earnings
US home claim severity rose 25.9% in 2025 as wildfire losses, repair inflation and peril shifts reshaped insurer loss trends
Global insurance pricing fell 6% in Q2, led by a 12% property drop, as capital, lower reinsurance costs and competition favored buyers