Willis, the worlds third-largest insurance broker, and risk adviser Towers Watson agreed to an all-stock merger creating a firm with a combined market value of $18 billion.

RSA Insurance Group said revenue for the first quarter edged higher as it disposed of assets.

Borussia Dortmund is using an unusual insurance policy to recover most of the income it is losing for failing to qualify for the Champions League.

Hastings Insurance Group increased its customer base by 20% in 2014, boosting profitability and setting the U.K. car insurer on track for a potential initial public offering this year.

Direct Line Insurance Group shares set a record in London as the U.K. home and car insurer returned more cash to investors and said it will reduce costs in 2015.

Beazley is targeting 5% growth for 2015 as the specialty insurer and reinsurer looks to its U.S. unit to help offset falling prices for coverage at its Lloyds of London business.

Private-equity investors are expected to buy European insurance assets in 2015 as more companies sell non-essential businesses, according to a Towers Watson report.

Sales will double this year--and insurers say "we have barely scratched the surface" of growth potential.