Piraeus Bank SA, one of Greece’s foremost systemic banking institutions, has formally confirmed the successful completion of its landmark €600 million (£515 million, $695 million) all-cash acquisition of Ethniki Holdings Sarl. This holding company is the direct parent of the venerable Ethniki Insurance, a firm with a history stretching back over 150 years in the […]

Munich Re Specialty Group (MRSG) is set to embark on a significant strategic expansion by establishing a dedicated presence in the highly competitive Australian market. This move, explicitly designed to leverage the escalating demand for specialized insurance products across the Asia-Pacific region, marks a crucial developmental phase for the German reinsurance heavyweight. The new operation […]

According to the latest analysis from the Germany-based reinsurance giant, Munich Re, eight out of the ten largest industrialized nations are currently experiencing significantly higher weather-related losses as a proportion of their Gross National Income (GNI) compared to the figures recorded during the 1980s. This concerning trend was reported by Reinsurance News. The detailed data […]

In 2025, a wave of costly airline incidents and a sharp increase in claims have transformed what should have been a routine renewal period into a serious challenge for aviation insurers. According to Adam Hemingway, Head of Global Aviation and Space at WTW, major losses associated with carriers such as Jeju Airlines, Air Busan, American Airlines, […]

In the first nine months of 2025, Uzbekistan’s insurance sector experienced a remarkable expansion. According to data released by the National Agency for Prospective Projects, total insurance premiums surged by 39% year‑on‑year, reaching 9.8 trillion Uzbekistani soms (approximately $823 million). Here is a summary of the key figures: Metric Q1–Q3 2025 Total Year‑on‑Year Growth Total premiums […]

Shares in China Taiping Insurance Holdings tumbled by up to 8% on Thursday (27 November), triggered by concerns that the firm faces a potential liability exceeding $257 million after a devastating fire at a Hong Kong apartment complex. The blaze at Wang Fuk Court in Tai Po killed at least 55 people, and nearly 300 remain […]