Zurich has closed the previously announced acquisition of AIG’s global individual personal travel insurance and assistance business.

German insurtech Wefox Holding AG has reached an agreement to sell its Liechtenstein-based insurance carrier to a consortium of Swiss companies led by pension service provider Berag.

A disorderly net-zero transition could impact European insurers’ investment returns by up to 13 percent in the short term, a new report by Ortec Finance has said, while failure to transition altogether would slash real estate and equity portfolio returns by more than half.

Shares in Europe-listed P&C (re)insurers delivered their second-strongest performance of the year in November, amid an otherwise subdued month for European equities.

Motor premiums in England and Wales are set to fall by an average of 5 percent per policyholder following a government review of the personal injury discount rate (PIDR), according to projections by PwC, which is expected to intensify competition in the motor insurance market.

The European Insurance and Occupational Pensions Authority is seeking feedback on plans to develop an awareness tool to help policyholders understand their property's exposure to natural hazards.

Swiss reinsurer Signal Iduna Reinsurance Ltd (SI Re) has appointed Dr Robert Salzmann to its executive board and named him chief underwriting officer.

Private equity-backed broker consolidator PIB Group has announced the acquisition of Netherlands-based commercial lines broker and MGA Thoma Exploitatie BV and its subsidiaries.

Axa's commercial unit has appointed Mike Crane as director of its SME and specialty business, effective January 2025.

Hybrid fronting insurer Bridgehaven Specialty UK will serve as capacity provider alongside Accredited on a new co-insurance arrangement with UK personal lines MGA Policy Expert.

German insurer Allianz, Belgium’s Ageas and London-listed Sabre have been tipped as the firms most likely to benefit from potential consolidation in the UK motor insurance market, according to Berenberg.

Europe’s asset management industry is expected to enter a period of fresh consolidation as companies seek the scale required to compete in a complex investment landscape, offering insurers a chance to free up capital and simplify their business models.

Howden Re has appointed Aon's Thomas Kroely as managing director for continental Europe.

Everest has secured regulatory approval to expand its European footprint into the Italian market, trading as Everest Insurance (Ireland) DAC, Succursale Italiana.

While recent floods in Spain's Valencia and Malaga regions have caused damage totalling several billion euros, insurers have been shielded by the country's state-backed disaster backstop, highlighting the role such initiatives can play in the event of major losses.