The transaction will increase the amount raised by Generali from divestments to about 1.5 billion euros.

The collapsed talks mark the end of nearly four months of deliberations about how SoftBank would invest in Swiss Re.

The collapsed talks mark the end of nearly four months of deliberations about how SoftBank would invest in Swiss Re.

CEO Inga Beale said insurance contracts across Europe will remain at risk unless there's an agreement on how they should be treated in post-Brexit Europe.

CEO Inga Beale said insurance contracts across Europe will remain at risk unless there's an agreement on how they should be treated in post-Brexit Europe.

The storm shifted to Floridas Gulf Coast over the weekend, sparing Miami a direct hit and prompting risk modeler AIR Worldwide to say the maximum cost for insurers on Irma is $40 billion.

Lloyds of London, the insurance market founded in the British capital in 1688, plans to open a European Union hub in Brussels following the U.K. vote to leave the bloc.

Axa SA, Frances largest insurer, said it will stop investing in tobacco and divest all of its $2 billion of assets in the industry.