Generali has completed the previously announced sale of its Turkish insurance operations for an undisclosed sum.

Perils’ estimate of insured losses from September’s flooding in Central Europe has passed the €2bn threshold in its latest market update.

The group litigation against Johnson & Johnson, spearheaded by law firm KPI, may set a precedent for group action lawsuits in the UK, according to Polly Sayers, solicitor at Harrison Clark Rickerbys.

EU regulators have thrown their support behind the creation of a pan-European disaster recovery fund and reinsurance pool to address rising natural catastrophe risk in the region due to climate change.

Bermuda-based specialty reinsurer Maiden Holdings has announced the sale of its Swedish subsidiaries, Maiden General Försäkring and Maiden Life Försäkring.

American Atlantic Assurance Company, a Malta-based insurer part of Applied Underwriters' North American Casualty group, will officially begin underwriting in the European Union starting 1 January 2025.

Axa UK has penned a five-year agreement as the sole capacity provider for Lloyds Banking Group's motor portfolio.

AM Best has maintained its negative outlook for Germany’s non-life insurance segment, citing moderate growth prospects on an inflation-adjusted basis and the impact of persistent claims inflation on underwriting profitability.

Arch Insurance has continued the build-out of its European cyber offering with the appointment of Ezechiel Symenouh as a senior cyber underwriter, effective immediately.

Allianz has withdrawn its S$2.2bn ($1.6bn) offer to acquire a majority stake in Singapore’s Income Insurance Limited, following opposition from the Singaporean government.

Baloise has appointed a new head of business clients as the Swiss insurer seeks to deliver on its plan to boost returns, return capital to shareholder and exit unprofitable business lines.

Belgian insurer Ageas has struck a deal to acquire the underwriting business of Saga and form a 20-year partnership with the UK motor and home insurer.

Chubb has formed a new terrorism and political violence team within its continental Europe, Middle East and North Africa (CEMENA) region, led by Becky Jarrold.

Windstorm Darragh, which hit western Europe between 6 and 8 December, is expected to generate economic loss in the tens of millions, according to Aon's latest weekly cat report.

French (re)insurance giant Axa has appointed Ewout Steenbergen to replace Rachel Duan on its board as a non-executive director.