Piraeus Bank SA has successfully wrapped up its massive €600 million cash purchase of Ethniki Holdings Sarl, the owner of the hugely popular Ethniki Insurance. The deal, equivalent to approximately £515 million ($695 million), was officially completed after Piraeus secured the necessary shares from the sellers: global investment firm CVC Capital Partners Fund VII and […]

Munich Re Specialty Group (MRSG) is making a bold entrance into the Australian market, a strategic initiative driven by the aim of capitalising on the growing Asia-Pacific demand for specialist insurance products. This expansion is considered a watershed moment for the German reinsurance firm. The firm has successfully recruited Chris Mackinnon, a highly regarded senior […]

New data from Munich Re, one of the world’s largest reinsurance companies, has delivered a stark warning: eight of the ten largest industrial nations are now incurring significantly higher costs from weather-related disasters compared with the 1980s, when measured relative to their national income. The findings, first reported by Reinsurance News, underscore the growing economic […]

2025 will go down in aviation‑insurance history as the year turbulence hit where it really hurts: the bottom line. A chain of costly airline disasters — from passenger flights at Jeju Airlines and Air Busan to major incidents at American Airlines and Air India — plus two separate cargo‑plane debacles, have battered insurers with massive […]

In a stunning display of growth, Uzbekistan’s insurance sector has recorded a 39% rise in total premiums during the first nine months of 2025, reaching 9.8 trillion Uzbekistani soms — about $823 million — as reported by the National Agency for Prospective Projects. That alone would be impressive. But what’s more striking is how this growth is […]

Shares in China Taiping Insurance Holdings plunged nearly 8% on 27 November after a fire at the densely populated Wang Fuk Court in Tai Po, Hong Kong. The building complex — home to more than 4,600 residents living across 2,000 apartments — was engulfed in flames, killing at least 55 people, with nearly 300 still unaccounted […]