Talanx Group expects to meet the €10bn threshold of primary insurance revenue in its corporate and specialty segment by the end of this year, with the unit also positioned to slightly increase its share of group net income, according to CEO Torsten Leue.

Generali's financial strength rating has been upgraded to A+ (Superior) from A (Excellent) by AM Best.

Specialty MGA Optio has continued its European expansion after securing regulatory approval for its strategic investment in Italian MGA Heca S.r.l.

Talanx has unveiled new targets for 2024-2027, including 30 percent growth in group net income to more than €2.5bn ($2.62bn) by the end of the period.

Asset management partnerships or sales will remain on the agenda for European insurers in 2025 due to the wave of consolidation among the region’s asset managers and a pressure for insurers to rationalise their business models and lift capital returns.

France has led new captive formations across Europe in 2023 and 2024, according to a new market segment report by AM Best.

The Italian government has delayed the implementation of new rules that would make it mandatory for businesses to purchase catastrophe insurance.

Allianz has unveiled a raft of new financial targets ahead of its capital markets day, including a return on equity of at least 17 percent for the 2024-2027 period.

December 8 (Reuters) - Allianz and Amundi have paused discussions about combining their asset management businesses into a European investment giant that would manage nearly 2.8 trillion euros ($3 trillion) in assets, a source close to Allianz said.

As the insurance market in Europe continues to expand and consolidate, it's becoming increasingly clear that a deep understanding of local markets and trusted local leadership isn’t just a nice to have – it’s essential, says PIB Europe’s CEO Onno Janssen.

The recent long-duration snow event that affected portions of southern Canada and the northern US between 28 November and 3 December could cause tens of millions of dollars in economic and insured losses, according to Aon.

European insurers have welcomed the agreement reached by the International Association of Insurance Supervisors on its insurance capital standard project.

Loss aggregator Perils has disclosed a third industry loss estimate of €1.58bn ($1.67bn) for the flooding that impacted parts of southern Germany between 31 May and 6 June 2024.

Less than half (45 percent) of leaders at large and mid-sized UK businesses believe their cyber insurance cover is effective in reducing losses in the event of cyber incident, a new study by Resilience has found.

Fitch Ratings has affirmed its neutral outlook for the European insurance sector for 2025, reflecting operational and business conditions, disciplined pricing, easing inflation and moderating P&C premium rates.