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Insurance market

Economy

China injects over €45 billion into state banks and insurers

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Business

Auto-enrolment: A quiet pension shift that could fuel Europe’s economy

Auto-enrolment into funded pensions would ensure more retirement contributions are invested, powering Europe’s growth.

Business

Munich Re reports wildfire losses but sticks with profit outlook

Germany’s reinsurance giant took a serious hit from the US wildfires, dragging down the company’s property and casualty reinsurance segments and almost halving Munich Re’s net earnings.

Business

Belgian insurer Ageas acquires UK’s Esure from Bain Capital for €1.5bn

The deal will create the third largest motor and home insurer in the UK.

Business

Profits in focus: Reports from Generali, Deutsche Bank and Deliveroo

Strong results from Italy’s Generali Group and British Deliveroo, as well as the declining profit of Hugo Boss, were shaping the European market landscape on Thursday.

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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.

Earth 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’?

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.

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.

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.

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.

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.

Earth 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.

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.

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.

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.

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.