Insurers Top Europe’s 2025 Stock Gains as Haven From Tariffs

Insurers have taken over as the best-performing sector in Europe this year, with the services industry emerging as a potential haven from tariff turmoil.

The sector outperformed amid a rebound in European stocks on Tuesday, taking a year-to-date rally for the Stoxx 600 Insurance index to 8.0%. That poaches the title for biggest 2025 gain from telecoms, with banks having previously led the table before last week’s stock rout sparked by the escalating trade war.

The outperformance comes as a chorus of analysts said insurers may prove resilient compared to other sectors facing the impact of trade disruptions. Insurance services ...