Swiss Re sets $4.5 bn 2026 profit target and sharpens AI-driven strategy
Swiss Re outlines a $4.5bn 2026 target, lifts L&H Re goals, deepens AI use, and plans a $500mn annual buyback alongside steady dividend growth
🇪🇺 Europe Insurance News
Nicole Pieterse becomes Swiss Re’s Chief People Officer
Swiss Re announced that Nicole Pieterse, currently Swiss Re’s Head Human Resources for Property & Casualty Reinsurance (P&C Re), will become Chief People Officer
ICEYE adds five SAR satellites to boost catastrophe insight for insurers
ICEYE launches five new SAR satellites on SpaceX’s Transporter-15 to expand rapid, high-resolution imaging for insurers and government missions
Insurtech Neutrinos unveils venture studio and global “Reimagining Risk” challenge
Neutrinos launches a venture studio and a global risk-focused startup challenge to speed AI-native innovation for insurers and financial institutions
Insurtech Liablix raised €1.2 mn to scale automated motor-claims analysis tech
Liablix secures €1.2 mn pre-seed to expand its AI-driven motor-claims platform built for insurers seeking accuracy, speed, and fraud reduction
LifeSearch launches UK’s first fully digital in-journey life insurance trust
LifeSearch adds a digital trust engine to its online life insurance journey, aiming to place most policies in trust and close a major protection gap
Humbrela secured €161 k to scale AI platform unifying insurance data
Swiss startup Humbrela raises €161k to enhance its AI platform that consolidates insurance and warranty data for brokers, MGAs and wholesalers.
European reinsurers pivot toward steadier earnings – J.P. Morgan
J.P. Morgan sees European reinsurers using mild catastrophe losses to build reserves, temper upside, and push the sector toward more stable results
Lloyd’s Europe to introduce Reinsurance Collateral Deposit from 2026
Lloyd’s Europe plans to roll out a Reinsurance Collateral Deposit starting Jan. 1, 2026 for the 2026 Year of Account and beyond
Zurich teams with Quantexa to boost real time fraud detection in UK
Zurich becomes the first UK insurer to deploy Quantexa’s AI platform, pushing real time fraud detection across multiple business lines
Rail sabotage in Poland raises insurers’ fears over Europe’s infrastructure
A blast on a key Polish rail corridor sparks security worries and signals rising insurer exposure as Europe’s logistics network faces hybrid threats
Insurtech Laka secured £6.5 mn debt facility to accelerate European green mobility push
Laka adds £6.5m from HSBC Innovation Banking to drive EU expansion, M&A activity and leadership in the fast growing micromobility insurance market
CERPRO raises €2 mn to speed up QA with AI driven technical drawing software
German startup CERPRO lands €2mn to scale QualiSpec, its AI tool that automates inspection planning and modernises QA for complex manufacturers
Swiss Re reports a net income of $4 bn for the 9M 2025
Swiss Re lifts Q3 net income to $1.43bn, accelerates L/H fixes, and stays bullish on 2025 despite noisy portfolios and tougher pricing
Insurtech Radity partners with Bridger to build next-gen insurance platform
Swiss InsurTech Radity teams with Bridger Insurance to launch a next-gen digital distribution platform, streamlining auto insurance operations and agent workflows
Fitch warns Solvency II capital cuts may weaken EU insurers’ credit
Fitch says EU plans to ease Solvency II rules could raise insurers’ risk-taking and understate spread risk, posing mild pressure on credit quality
Munich Re posts strong Q3 results, confirms €6 bn 2025 full-year target
Munich Re reports €1.997 bn Q3 profit and €5.176 bn nine-month result, reaffirming €6 bn 2025 target as P&C delivers record margins and low loss ratios
Munich Re to close venture arm, shift investments under MEAG unit
Munich Re will close its venture capital arm and move startup investments to asset manager MEAG as it centralizes innovation within core business units
Fitch sees top global reinsurers sustaining strong P&C results in 2025
Fitch sees top global reinsurers sustaining strong P&C results, but pricing pressure looms as 2026 renewals approach and profitability questions mount
European reinsurers over-capitalised ahead of 1/1 renewals, pressure builds
European reinsurers walk into the 1/1 reinsurance renewal season with capital levels stacked way above their own targets
Munich Re outlines Europe’s Nat Cat and cyber exposures, rising reinsurance demand
Munich Re outlines Europe’s Nat Cat and cyber exposures, rising reinsurance demand, and the need for differentiated approaches in complex global programs
S&P upgrades Vienna Insurance Group outlook to positive on CEE growth
S&P raised VIG and VIG RE outlooks to positive, citing stronger diversification, CEE earnings growth, and the planned NUERNBERGER acquisition in Germany
Swiss Re pauses new life insurance deals in Australia as TPD claims soar
Swiss Re halts new business in Australia, citing unsustainable TPD insurance costs, with $1.43bn mental health claims in 2024 straining the financial system
Allianz reshapes Commercial Board with new market and distribution leaders
Allianz Commercial appoints Jeremy Sharpe and Christian Sandric to Board roles from Jan 2026, strengthening broker, client, and regional market focus
Insurers press EU for simpler sustainability reporting under CSRD
Insurance Europe and CFO Forum urge EU to ease sustainability reporting, citing complex double materiality, litigation risks, and GHG disclosure burdens
Vienna Insurance Group acquires Nürnberger in €1.38 bn deal with major backer support
VIG launches €120-per-share offer for Nürnberger valued at €1.38bn, with 64% of shareholders pledging support ahead of regulatory review
Brown & Brown Europe to acquire Pardus Underwriting, expand UK MGA reach
Brown & Brown Europe agrees to acquire Pardus Underwriting, a UK MGA focused on property and commercial insurance, strengthening its London Market presence
AXA Partners and bolttech join forces to expand embedded insurance in Europe
AXA Partners teams with bolttech in a long-term deal to deliver embedded insurance across EU, UK, and Switzerland, targeting telcos, banks, retailers, and OEMs
Icen Risk enters U.S. M&A insurance market with $50 mn Zurich-backed capacity
Icen Risk expands into the U.S. M&A market with $50mn Zurich capacity, offering tax and warranty cover to private equity, funds, and corporates
EU insurers push Brussels for simpler sustainability reporting rules
Insurance groups call on the European Commission to cut complexity in EU sustainability reporting, citing risks, data gaps and litigation concerns
Munich Re Specialty wins German approval, expands European and UK specialty push
Munich Re Specialty gains approval for German specialty market entry, adds surety to product lines, expands from UK, Ireland, and Spain operations
Acrisure warns third-party cyberattacks pose severe operational risk
Acrisure has issued a sharp warning on the rising threat of third-party cyberattacks, arguing that vendor vulnerabilities now represent one of the most serious risks
Insurtech Insify raised €16.3 mn Series B to expand SME coverage in Europe
Dutch insurtech Insify secures €16.3m Series B led by Evli Growth Partners to scale AI-powered insurance for freelancers and SMEs across Europe
PERILS pegs Central Europe, Italy flood losses at €2.15 bn in final report
PERILS sets final insured loss for Sept 2024 Central Europe and Italy floods at €2.15bn, citing Austria, Czech Republic, and Poland as hardest hit
Vienna Insurance Group reached €8.6 bn premiums and €531 mn profit in H1 2025
Vienna Insurance Group reports higher H1 2025 profit, premium growth, improved combined ratio, and 278% solvency, eyeing $1bn profit target
Swiss Re projects GLP-1 drugs could cut US mortality 6.4% by 2045
Swiss Re research shows GLP-1 drugs may lower mortality in US and UK by 2045, but benefits hinge on uptake, adherence, and long-term lifestyle change
Insurtech Wopta adds AI agent Anna to expand phygital insurance model
Italian insurtech Wopta launches AI agent Anna with Blu Pantheon to boost phygital insurance services, blending human advice with 24/7 AI support
Syria receives $7.9 mn drought payout from Humanity Insured and Allianz
A $7.9m parametric payout will aid 120,000 Syrians hit by severe drought, showing how pre-arranged insurance can deliver fast relief in fragile states
Earnix raises $290 mn to expand AI decisioning for insurers and banks
Earnix secures $290 mn from TPG GP Solutions, JVP, and others to fuel global growth of its Dynamic AI platform for pricing, underwriting, and risk decisioning
Swiss Re flags AI, catastrophe risks, and geopolitics at Monte Carlo talks
Swiss Re says this year’s reinsurance renewals face pressure from rising natural catastrophe losses, geopolitical fragmentation, and fast-moving AI adoption
Insurance Europe warns draft Solvency II rules risk undermining EU growth goals
Insurance Europe has warned that the European Commission’s draft Level 2 measures for Solvency II fall short of political commitments and could stall economic growth
Insurtech Feather launches digital car insurance for expats in Spain, France, Germany
Feather, a Berlin-based insurtech, has rolled out its new Car Insurance product, designed for expats across Europe who often face red tape and language hurdles when securing coverage
Moxso raises $5.5 mn to expand AI-driven cybersecurity across Europe
Seed Capital has made its first cybersecurity bet under a new strategy, leading a $5.5mn seed round in Copenhagen-based Moxso. Ugly Duckling Ventures and D2 Fund also joined
Vienna Insurance Group will acquire 80% of Moldasig
Vienna Insurance Group (VIG) will acquire 80% of Moldasig S.A. after securing the stake in a public auction, a move that will make it the largest insurer in Moldova with an estimated 30% market
P&C reinsurance in Europe hits profitability peak with 81.5% combined ratio
Fitch Ratings said Europe’s four largest reinsurers have reached peak profitability in property and casualty (P&C) reinsurance, reporting a record-low average combined ratio of 81.5%
Coalition launches Active Cyber Insurance in France backed by Allianz
Coalition, the cyber insurance specialist known for its “Active Insurance” model, has entered the French market with the launch of its Active Cyber Insurance product
Swiss Re reports $2.6 bn H1 2025 profit, maintains full-year targets
Swiss Re posted a Q2 2025 profit of $1.3bn, bringing net income for the first half to $2.6bn and delivering a return on equity of 23%
Swiss health insurer Klug announced bankruptcy and will cease operations
Swiss health insurance company Klug has announced bankruptcy and will cease operations at the end of the year. The company, with a 107-year history and around 9,300 insured members
Assicurazioni Generali reported higher H1 2025 earnings driven by growth across all business units
Assicurazioni Generali reported higher H1 2025 earnings driven by growth across all business units. The Italian insurer is reviewing a proposed €6.3 bn sale of its banking arm
Investors completed the €3.5 bn acquisition of life insurance platform Viridium
A group of institutional investors has completed the €3.5bn acquisition of Germany-based life insurance platform Viridium Group from private equity firm Cinven
Global P&C insurance market remained stable, with ongoing competition in property lines
The global P&C insurance market remained stable, with ongoing competition in property lines and cautious underwriting in casualty segments
AM Best is maintaining Negative outlook on France’s non-life insurance sector
AM Best is maintaining its Negative outlook on France’s non-life insurance sector, citing limited inflation-adjusted growth, pressure on margins
PERILS expands severe convective storm loss in Europe, Japan, New Zealand
Reporting will apply to industry losses exceeding €500mn in Europe, ¥100bn in Japan, and NZ$300mn in New Zealand. The scope includes both property and motor insurance lines
European Commission proposes Solvency II reforms to free capital and strengthen stability
The European Commission launched a consultation on draft technical measures under the Solvency II framework, including updates to insurance regulations covering areas
European insurers face heavy losses after summer storms and heat
Western and central European insurers incurred several hundred mn € in estimated losses after severe convective storms struck on June 30 and again on July 2–3
Zurich acquired cyber insurtech BOXX Insurance
Zurich Insurance Group announced its acquisition of BOXX Insurance Inc., a Toronto-based cyber insurance and risk management insurtech
Ergo completed $2.6 bn acquisition of the NEXT Insurance remaining share
Munich Re’s Ergo primary insurance group completed its $2.6 bn acquisition of the remaining share capital of insurtech NEXT Insurance
Mergers and acquisitions insurance claims reached record levels in 2024-2025
Mergers and acquisitions (M&A) insurance claims reached record levels in 2024, with the highest total payouts ever recorded
Clearspeed raised $60 mn in Series D to expand its AI-driven voice analytics
Insurtech Clearspeed has raised $60 mn in Series D funding to expand its AI-driven voice analytics technology for risk assessment across the insurance and national security sectors
Insurance Europe supports the EC’s plan to simplify cybersecurity regulations
Insurance Europe supports the European Commission’s plan to simplify cybersecurity regulations through its review of the Cybersecurity Act
U.S. cyber insurance premiums rose nearly 11% in 2025 as policy volume jumped, but weaker pricing, higher losses, and AI-driven threats added fresh pressure
Digital-asset adoption keeps rising and so do the risks tied to holding or moving value online. Insurers now face new pressure to design products that respond to crypto-specific threats
Although cyber incidents have not resulted in a significant systemic event for the U.S. financial services sector to date, they could pose risks to financial stability
Ransomware cases surge as cloud and AI adoption expands attack surfaces, driving higher losses, supply chain risk, and tougher cyber insurance conditions