Fitch Ratings has affirmed a ‘neutral’ outlook for the European insurance sector at mid-year 2025, citing stable operating conditions despite increased financial market volatility
Marsh has introduced a €1bn insurance facility named Nimbus to support clients involved in large-scale data center construction projects in the UK and Europe
Insurers in Europe and Asia may each face insured losses in the hundreds of millions of dollars following a series of mid-June storms
Aon reported that severe storms in both the United States and Europe in late May and early June 2025 caused insured losses totaling hundreds of millions of dollars across both regions
PERILS AG has issued its final industry loss estimate for the floods that occurred in southern Germany between 31 May and 6 June 2024
Kota, an Dublin-based insurtech startup focused on simplifying insurance benefits administration, has secured €12.8 mn in a Series A
Baobab, a Berlin-based cyber insurance company, secured €12 mn in a Series A funding round led by Viola FinTech and eCapital
Insurers based in Europe, the Middle East, and Africa (EMEA) maintain strong capital positions and buffers, enabling them to absorb external shocks effectively
Germany’s financial regulator BaFin is reviewing the investment strategies of 30 to 40 insurance companies with unusually high exposure to alternative assets
European Insurance and Occupational Pensions Authority (EIOPA) has proposed draft guidelines on artificial intelligence use in insurance
Sweden is increasing oversight of insurance coverage for Russian vessels operating in the Baltic Sea. This was reported by Swedish radio outlet Ekot
Swiss Re reported strong first-quarter results in both its property & casualty and life & health reinsurance businesses
Helvetia Group announced that its board of directors has approved a merger involving Caser, Helvetia Seguros, and Helvetia Holding Suizo
Wefox, an insurtech and managing general agent, announced it will sell all shares in its Italian subsidiaries—Wefox MGA and Wefox Services Italy
Swiss Re reported a net income of USD1.3billion and a return on equity (ROE) of 22.4% for the first quarter of 2025
Hannover Re reported a group net income of €480 mn for Q1 2025, down 13.9%, driven by large losses in its property and casualty reinsurance segment
Munich Re reported a net result of €1.1 bn for the first quarter of 2025, maintaining its full-year profit guidance of €6 bn despite incurring around €1.1 bn in losses
AXA XL reported a 7% increase in gross written premiums and other revenues in Q1 2025, reaching €21bn. This included a 12% rise in AXA XL Reinsurance premiums
Swiss Re warned that insured losses could exceed $300bn in a peak year, underscoring the essential role of the reinsurance sector, which holds $500bn in capital
Mediobanca Group has announced a voluntary share-based exchange offer valued at €6.3 bn to acquire 100% of Banca Generali
Insurance Europe has called on the European Commission to act urgently following the United States’ decision to withdraw from the global minimum tax initiative
Insurance Europe supports the European Commission’s (EC) revised approach aimed at simplifying regulation, improving competitiveness, and securing sustainable
PERILS, the company providing industry-wide catastrophe insurance data, has released the PERILS Industry Exposure Database 2025
EU insurers to maintain minimal exposure to crypto assets if the European Commission adopts a proposed 100% Solvency II (S2) risk charge
Swiss Re announced that Bernhard Kaufmann will succeed Patrick Raaflaub as Group Chief Risk Officer as of 1 October 2025
Vienna Insurance Group (VIG), based in Austria, has acquired a 48.82% stake in Polish financial broker Phinance
Swiss Re’s shareholders approved all motions put forward by the Board of Directors at today’s Annual General Meeting
Insurtech wefox is close to finalising a funding agreement valued at up to €170mn, led by private equity firm Searchlight Capital Partners
Although a 90-day pause is currently in place, recent fluctuations in stock and bond markets caused by changes in U.S. tariffs may continue to strain insurers’ financial positions
The European Commission approved a €1.5 bn reinsurance scheme to cover war-related transport risks in Ukraine. Poland backs the scheme, which supports insurance
Swiss Re will begin co-managing GAM Investments’ $3bn insurance-linked securities (ILS) funds, including the GAM Star Cat Bond UCITS Fund
J.P. Morgan recently examined how US tariffs could affect the insurance sector. The analysis shows that personal lines insurers, such as those offering auto and home insurance
SMBC Aviation Capital has dropped litigation in an Irish court against some insurers over aircraft stranded in Russia. The company said it reached confidential commercial settlements
The European Insurance and Occupational Pensions Authority launched a public consultation focused on AI governance and risk management
Higher government bond yields driven by increased defence spending benefit most European insurers, according to Fitch Ratings
Hannover Re reported a strong financial performance in 2024, increasing its Group net income and proposing a 25% higher total dividend
Insurtech Peak3 is pushing forward with its expansion in the UK and Europe after raising $35 mn in a Series A funding round
Hannover Re, an Europe’s top reinsurers, has secured $20 mn of retrocessional protection for losses from sustained cloud outages
Sompo Insurance, a Tokyo-based insurance group, has expanded its operations in Continental Europe by securing regulatory approval to provide primary insurance
Cinven is finalizing the sale of Viridium Group, Germany’s largest life insurance administrator, to a consortium led by Allianz for €3.5bn
Swiss Re plans to sell 11.7 mn common shares of Definity Financial Corp., a Canadian property/casualty group, for C$655 mn
A consortium led by Allianz SE, BlackRock, and Japan’s T&D Holdings will acquire Viridium Group, a German life insurance consolidator, for €3.5bn
PERILS, a Zurich-based organization providing catastrophe insurance data, released its third industry loss estimate for the Central Europe and Italy floods
Private equity firm IK Partners announced that one of its funds will acquire a minority stake in Seventeen Group, a London-based company
The European Insurance and Occupational Pensions Authority’s proposed sustainability risk rules would duplicate existing regulations and increase costs
Vienna Insurance Group boosted its 2024 profit despite taking a €617 mn hit from flooding caused by storm Boris in Central and Eastern Europe
Swiss Re published its Annual Report 2024, Sustainability Report 2024 and the invitation for the upcoming Annual General Meeting of shareholders
EU insurance markets could gain from a proposed public-private reinsurance scheme for climate-related losses
Optio Group (Optio), an independent specialty MGA, has acquired Norwegian-based MGA S Insurance AS (S Insurance) for an undisclosed amount
Swiss Re announced that Kera McDonald, currently Chief Underwriting Officer of Swiss Re Corporate Solutions, is appointed Group Chief Underwriting Officer
French insurtech Alan reported €505mn in annual recurring revenue (ARR) for 2024, marking a 48% increase from €340mn in 2023
Tariffs imposed by the Trump administration could increase claims costs for property and casualty insurance by $10 bn to $36 bn
ICEYE and SATIM, a world-leading provider of AI-based solutions, announced the signing of partnership agreement for joint product development
Weecover, a Barcelona-based insurtech specializing in embedded insurance, secured €4.2 mn in funding to support growth and international expansion
Italian insurtech firm Wopta Assicurazioni secured €12 mn in new funding through a club deal led by Belluzzo International Partners. The company also launched a €50 mn Series B
Fitch Ratings estimates that 30% of the aggregate natural catastrophe budgets set by Europe’s big four reinsurers for 2025 may be eroded
Generali and French banking and insurance group BPCE have agreed to form a 50-50 joint venture, creating a global asset management operation with €1.9 tn
Fairfax Financial Holdings has completed a deal with the EBRD and has become the 100% owner of Ukrainian insurance companies UNIVERSALNA, ARX, and ARX Life
Swiss Re’s Board of Directors proposes Morten Hübbe and George Quinn for election as new members of the Board at the upcoming AGM on 11 April 2025
DARAG Group, a prominent legacy acquirer, has agreed to purchase a run-off portfolio from wefox Insurance AG. The portfolio includes motor damage, third-party liability
