Europe

Topdanmark applies for delisting as Sampo deal nears completion

Topdanmark has asked to be delisted from Nasdaq Copenhagen and its shares removed from trading ahead of the Danish insurer’s takeover by Finnish insurer Sampo.

Ferma pens policy note on the role of risk managers in CSRD

The Federation of European Risk Management Associations has issued an EU policy note outlining the strategic involvement of risk managers in meeting requirements under the Corporate Sustainability Reporting Directive.

QBE names Díaz-Guardamino as Iberia MD

QBE has appointed Mario Díaz-Guardamino as the next managing director for QBE Iberia.

Munich Re reshuffles European leadership team

Munich Re has reshuffled its European leadership team with a series of CEO appointments.

Gallagher Re pegs preliminary industry loss bill from CEE flooding at $2.2bn+

Ongoing flooding across Central and Eastern Europe is expected to result in insured losses of between €2.0bn and €3.0bn ($2.2bn-$3.3bn), according to preliminary estimates by Gallagher Re.

PIB continues European expansion with two Italian acquisitions

PE-backed broker consolidator PIB Group has expanded its Italian footprint with the dual acquisitions of Private Broking and Emmeb.

Marsh McLennan promotes De Bremme to Belgium and Luxembourg CEO

Marsh McLennan has appointed Kristof De Bremme as CEO for Belgium and Luxembourg, as well as president of Marsh in the two countries.

MGA Altea kicks off European expansion with Irish launch

Healthcare MGA Altea Insurance has launched an underwriting hub in the Republic of Ireland that will allow it to write business across the European Economic Area, The Insurer can reveal.

Actuarial insurtech Akur8 confirms $120mn Series C fundraise

French actuarial services insurtech Akur8 has secured $120mn in a One Peak-led Series C funding, bringing its total raised investment to $180mn.

Parametric-focused Revo Insurance approved to open Spanish branch

Milan-based Revo Insurance has obtained regulatory authorisation to open Revo Iberia, its branch in Spain.

Central Europe factories and retailers shut in flood-hit areas

September 16 (Reuters) by Jan Lopatka – Factories and stores across central Europe shuttered production lines and closed their doors on Monday due to flooding that has killed at least 10 people, forced tens of thousands of evacuations and submerged towns from Poland to Romania.

AIG names Della Rosa to succeed Lillelund as EMEA CEO

AIG has appointed Paride Della Rosa as CEO for Europe, the Middle East and Africa, The Insurer can reveal.

Dual Europe names QBE’s Borrego as CUO

Dual Europe has appointed QBE’s Maria Borrego as chief underwriting officer.

Marine war market unmoved by Russian Black Sea missile strike

Pricing and appetite in the marine war market are expected to remain steady following a Russian missile attack on the bulk carrier Aya off the coast of Ukraine.

US-listed reinsurance stocks slide following RVS despite positive sentiment

Shares in US-listed reinsurers have traded down following the Monte Carlo Rendez-Vous, with Fidelis and Hamilton leading the losses since last Friday.

Actuarial insurtech Akur8 completes latest raise at ~$400mn valuation, acquires Arius from Milliman

French actuarial services insurtech Akur8 has completed its latest funding round at a valuation understood to be somewhere around $350mn and $400mn, as it also sealed a deal to acquire Milliman’s reserving subsidiary Arius, The Insurer can reveal.

Baloise H1 CR deteriorates to 90.4% as June storms bite

Swiss insurer Baloise has reported a combined ratio of 90.4 percent for the first half of 2024, a 3.1 percentage point year-on-year deterioration.

European reinsurers in a global industry

Laurent Rousseau, CEO, EMEA and global capital solutions at Guy Carpenter, examines how European reinsurers fit within the global market.

The anticipated evolution of the European cat bond market

Quentin Perrot, managing director at GC Securities, on the future of cat bonds in the region.

GC’s Enoizi: SRCC and relationships to dominate European reinsurers’ thinking ahead of 1.1

Reinsurers are showing an increased appetite for continental European wind ahead of the 1.1 renewals, according to Guy Carpenter’s Julian Enoizi, who stressed that underwriters remain “disciplined” against the backdrop of an active hurricane forecast and increased exposure to strikes, riots and civil commotion.

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