Insurance market

Climate

How does it feel to lose your neighbourhood in the LA wildfires?

The California fires didn’t just destroy homes - the climate-driven disaster caught the fabric of community.

19/01/2025

Green News

Natural disaster home insurance: Lessons learned from LA wildfires

As the scale of uninsured losses from the Los Angeles wildfires becomes clear, are insurers ready for a climate change-induced ‘new normal’?

13/01/2025

Business

California wildfire costs set to impact European reinsurance giants

The current California wildfires have caused billions of euros worth of losses to property and infrastructure. European reinsurance companies may also be affected.

13/01/2025

Business

Aviva buys Direct Line, gaining share of the UK motor insurance market

Earlier this year, Direct Line rejected two takeover bids from the Belgian insurer Ageas where the second offer valued the firm at £3.2bn, which Direct Line branded as "unattractive" offer for shareholders.

24/12/2024

Climate

Billions in climate related losses are pushing up insurance costs

An annual scorecard for insurance companies has found they are ‘fundamentally misunderstanding’ climate risks.

10/12/2024

Business

UK insurers Aviva and Direct Line agree on sweetened takeover bid

The UK insurance firm Aviva has improved on an earlier deal rejected by its smaller competitor Direct Line.

06/12/2024

Europe News

‘No clue’ how to implement EU’s new AI rules: insurance lobby chief

The new von der Leyen Commission must have a radical rethink of laws on climate change, investment and data if Europe is to compete, AXA’s Frédéric de Courtois told Euronews.

02/12/2024

Green News

‘It’s taking its toll’: Inside the recovery of one flood-hit business

Some areas in the east of England experienced record rainfall last month, with stressful consequences for small businesses before Christmas.

27/10/2024

Economy

How are Iranian lorry drivers bypassing EU sanctions?

Under Brussels' sanctions against Tehran, most of some 60,000 Iranian lorry drivers who traverse Europe's roads each month to transit various goods either lost their jobs or have been hit hard by paying exorbitant fees for crossing into the bloc.

11/10/2024

Business

Fossil fuel investment could cost extra under EU insurance plans

EU insurance regulator Eiopa is considering hiking capital charges on oil and gas bonds by up to 40%, as it seeks to prepare the industry for net-zero.

24/09/2024

Economy

What is the economic impact of floods across Europe?

Central Europe is experiencing its biggest floods in decades, which is expected to cost billions in economic losses.

18/09/2024

Business

Allianz plans majority stake in Singapore firm to widen Asia access

German insurance giant Allianz offers $1.6 billion (€1.5 billion) for a minimum stake of 51% for Singapore’s Income Insurance Ltd. A deal would turn the business into the fourth-largest composite insurer in Asia.

17/07/2024

Business

Italian insurer Generali sees strong life insurance revenue in Q1 2024

The insurance company saw robust performance across the board, but especially in the property-casualty insurance sector.

21/05/2024

Green News

Why does this Spanish city want to make cyclists get insurance?

The move is part of a growing backlash in Spain and Europe against cyclists that has seen new bike paths removed and allegations of cities misusing EU funding.

18/05/2024

Business

Allianz, Europe's largest insurer, sees double-digit jump in profits

Profits at the German insurance group were driven by its property-casualty segment, which benefited from higher prices and relatively benign claims from natural catastrophes.

15/05/2024

Business

Munich Re stock rises as company cheers investors with latest earnings

A stronger operational performance and less major-loss expenses than previously thought contributed to Munich Re's latest financial results.

08/05/2024

USA

US Coast Guard allows some barges and tugs to pass through the channel

The owner and manager of the container ship that crashed into a supporting column one week ago are taking legal action to limit liability.

02/04/2024

Climate

What is the role of insurance companies in the fossil fuel industry?

Environmentalist movement Extinction Rebellion is leading a week-long campaign in the UK targeting the global insurance industry.

23/02/2024

Business

UK hails post-Brexit finance deal with Switzerland

London financiers have largely lost access to EU markets, but the UK says its recognition of Swiss banking and asset management rules is 'ground-breaking'

21/12/2023

Business

Too easy to steal? UK Range Rovers lose value over security issues

The brand has invested millions of pounds to upgrade the security of its cars while insurance prices have more than doubled for some models.

15/12/2023