(The Insurer) - German composite insurer Allianz has named the new CEO and CIO of Allianz Investment Management, the unit that steers Allianz’s investment strategy for insurance premiums earned by its entities.

Guernsey-based Polo Insurance Managers (PIM), the independent insurance manager of PoloWorks, has unveiled the launch of a Category 4 commercial general reinsurer, Clockwork Re.

Wefox Insurance AG – the Liechtenstein-domiciled insurance carrier of Wefox Group – has struck a deal to transfer a run-off portfolio to legacy acquirer Darag.

Berkshire Hathaway Specialty Insurance has appointed Bertrand Le Gall as head of casualty in France.

The number of large M&A deals increased by 36 percent in the second half of 2024 compared to the prior-year period, with WTW suggesting this resurgence has driven market momentum into 2025.

Private equity-backed broker consolidator PIB Group has continued to bolster its European leadership with the appointment of Aon Germany’s Michael Hendriks as chief commercial officer (CCO) in Europe.

Arch Insurance (EU) dac has promoted Duncan Smith to CEO.

Marsh McLennan’s Nordic region CEO Henrik Ryden has stepped down from the role, with Peder Schauman appointed as his successor.

The number of UK insurance M&A transactions rose by 67.8 percent last year, according to analysis by EY.

Paris-headquartered CCR Re has confirmed the successful renewal of its 157 Re collateralised reinsurance sidecar.

Munich Re has appointed Christa Schwimmer as CEO for its specialty reinsurance and Lloyd’s and Bermuda business.

Rate increases on portfolios impacted by flooding across central and eastern Europe in September were ultimately suppressed at the 1 January 2025 renewals by the deployment of additional capacity from existing players, according to Gallagher Re.

Munich Re's Ina Ebert on the effects of the revised EU Product Liability Directive, its new features most relevant for insurers and its consequences for them.

Europe’s big four reinsurers have notched up a strong share price performance over 2024, aided by a continuation of the hard market cycle and a lighter than feared Atlantic hurricane season.

Financial losses from Storm Enol, which impacted parts of western Europe between 20-23 December, are expected to reach the tens of millions of euros, according to Aon's latest weekly cat report.