Gathering for its 70th general meeting, the Association des compagnies d’assurances et de réassurances (Aca) is making an unambiguous assessment. In an environment shaken by macroeconomic uncertainties and regulatory complexity, the Luxembourg sector is holding its course and continuing to grow. The figures speak for themselves. In 2025, premiums collected in direct insurance reached €50.9bn, an increase of 9.75%. The momentum was largely driven by life insurance, which jumped 16% to €31.1bn, while the non-life segment grew more modestly to €19.8bn (+1%), explains Aca.
Behind this performance is a clearly identified driver: international business. Luxembourg continues to capitalise on its status as a European hub for cross-border insurance, with international life business worth €30.3bn and non-life business worth €16.15bn. Conversely, the domestic market remains marginal, confirming a model geared towards exports and European customers.
Two new directors
But this resilience does not mask the tensions. “In a constantly changing environment, our priority is to strengthen the competitiveness of our sector while continuing to transform it to serve policyholders and the economy,” explains Aca chairman 
Against this backdrop, Aca’s governance is evolving without a break, but with a targeted renewal. Two new directors have joined the board: Pascal Herrmann, general manager of The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg), and Ludovic Dulauroy, managing director of Afi Esca Luxembourg. Their appointment illustrates the desire to maintain a board that is representative of the different components of the market. Nevertheless, the structure remains stable. Nicolas Limbourg retains the chairmanship of an 18-member board.
As a reminder, Aca is an association created in 1956 to defend the professional interests and promote the Luxembourg insurance and reinsurance sector. It has 137 members.
