UNIQA Insurance Group posted premium growth to EUR 7.18 bn (+9.7%) while earnings before taxes exceeded expectations at EUR 426.4 mn. Premiums written in property and casualty insurance grew by 14.4% ...

For private businesses, Bloomberg applies comparisons with similar publicly listed companies using enterprise value-to-Ebitda or price-to-earnings ratios. If net debt is unknown, the valuation assumes ...

Insurtech Cover Whale Insurance Solutions, specialising in connected insurance for commercial auto, has sequred $27.5 mn in debt and equity from investment funds managed by Morgan Stanley Expansion ...

Economic losses from natural catastrophes in the EU are rising due to increased economic exposure and the growing severity of climate-related disasters. Between 1981 and 2023, NatCat events caused ...

Allianz SE has announced strong financial results for the third quarter of 2024, with a 13.6% increase in operating profit, reaching €3.9 bn. The impressive performance is largely attributed to the ...

Global insurance mergers and acquisitions (M&A) fell to a 16-year low in 2024 due to high interest rates, geopolitical risks, and stricter regulations, according to Clyde & Co’s Insurance Growth ...

In addition to adopting alternative investment strategies and increasing the use of offshore reinsurers, the U.S. Financial Stability Oversight Council said there has been a shift in the composition ...

Ondo InsurTech has expanded its partnership with Nationwide to roll out LeakBot, a device designed to prevent water damage, across 16 states. Initially launched as a pilot in Ohio, LeakBot is now part ...

The insurance-linked securities (ILS) market reached a record $107bn in capacity by the end of 2024. AM Best Director of ILS Matt Tuite attributes this expansion to strong investor returns, rising ...

The European insurance sector’s risks remain stable at medium levels, with some vulnerabilities linked to market volatility and fluctuating real estate prices, according to EIOPA’s Insurance Risk ...

Nirvana Insurance, an AI-driven commercial trucking insurer, raised $80mn in a Series C funding round, bringing its valuation near $850mn. The company has experienced significant growth, surpassing ...

Insurance Europe supports the European Commission’s (EC) revised approach aimed at simplifying regulation, improving competitiveness, and securing sustainable economic development in the EU. The ...