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.

Allianz has agreed to sell its Australia-based Hunter Premium Funding business to private equity firm Pemba Capital Partners.

Europe’s financial institutions face a mounting array of regulatory demands in 2025 that have implications for their supporting insurers. These shifts not only impose new compliance burdens but also introduce significant operational risks that are reshaping the insurance needs of FIs across the continent.

RiverStone International has agreed to a loss portfolio transfer (LPT) and an insurance business transfer with the French branch of Zurich Insurance Europe and Zurich Insurance Company.

BNP Paribas has formally signed the previously announced €5.1bn ($5.3bn) share purchase agreement for Axa Investment Managers.

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.