News - Insurance
Morten Hübbe and George Quinn nominated for election as new non-executive and independent members of the Swiss Re Board
Swiss Re's Board of Directors nominates Morten Hübbe and George Quinn for election as new, non-executive and independent members of the Board for a one-year term.
VIG Re confirms Viktor FAUCRET as Managing Director of VIG Re France and Head of Western Europe for the Treaty Non-Life business unit
VIG Re announced the confirmation of Viktor FAUCRET as Managing Director of VIG Re France and Head of the Treaty Non-Life to lead the company’s Western European business unit. The appointment underscores VIG Re's commitment to strengthening its senior management team and deepen its presence in key markets.
Insurance Europe: new EU rules on sustainability risk management under Solvency II must be proportionate
Insurance Europe has responded to the consultation launched by EIOPA on Regulatory Technical Standards (RTS) on the management of sustainability risks under the Solvency II framework.
Swiss Re Annual Report 2024 and Sustainability Report 2024: strong capital position
Swiss Re Group's capital position remains strong with a Group SST ratio of 257% as of 1 January 2025. As a result of this position, solid 2024 financial results and a positive business outlook, Swiss Re's Board of Directors decided to propose a dividend of USD 7.35 per share, which represents an 8% increase.
ARCH Insurance announces Senior Casualty appointments in Spain
Arch Insurance has today announced the appointments of Carmen Cobeta as Head of Casualty, Spain and Irene Fernandez Franic as Senior Casualty Underwriter effective immediately.
VIG, FY2024: Significant profit growth and positive outlook for 2025
According to the preliminary results, Vienna Insurance Group (VIG) ended 2024 with a premium volume of EUR 15.2 billion, exceeding the previous year’s figure by 10%, while profit before taxes increased to EUR 881.8 million (+14%). The Group expects profit before taxes within a range of EUR 950 million and EUR 1 billion for the 2025 financial year
WTW appoints Paul Reilly as Non-Executive Chair of the Board, who will succeed Paul Thomas
WTW, a leading global advisory, broking and solutions company, announced that its Board of Directors has appointed Paul Reilly to succeed Paul Thomas as Non-Executive Chair of the Board following WTW’s 2025 Annual General Meeting (AGM) to be held in May 2025.
In 2024, Triglav Group delivered very strong results across all business segments, exceeding plans
Slovenia's biggest insurer Triglav Group announced its 2024 result. The Group’s earnings before tax amounted to EUR 159.0 million (2023: EUR 21.1 million) and its net earnings reached EUR 131.4 million (2023: EUR 16.3 million).
SLOVENIA: 31st Insurance Days in Slovenia to take place in June
The 31st edition of Insurance Days in Slovenia will take place on June 5 and 6, 2025 at Grand Hotel Bernardin, Portorož, the Slovenian Insurance Association announced.
SERBIA: the Association of Serbian Insurers signed an Agreement on Protection of Visitors with Romania
In line with the strategic commitment to constantly improve existing and introduce new services for citizens, the Association of Serbian Insurers signed an Agreement on Protection of Visitors with Romania, effective from February 1, 2025, the Association said.
Sava Insurance Group surpasses two milestones: EUR 100 million of pre-tax profit and EUR 1 billion of business volume
Sava Insurance Group announced unaudited results for 2024 – the company surpassed two milestones: EUR 100 million of pre-tax profit and EUR 1 billion of business volume.
NORTH MACEDONIA: in 2024, the assets of the insurance sector go up 8.2% y-o-y
The assets managed by insurance companies operating in North Macedonia amounted to MKD 37.3 billion (EUR 605.6 million) at the end of 2024, which is 8.2% more y-o-y, SeeNews writes with reference to the central bank.
Eurohold Bulgaria’s assets increase by 11.8% in 2024
One of the leading energy and financial groups in Southeast Europe - Eurohold Bulgaria AD, ended 2024 with a significant increase in profitability, according to the holding's consolidated financial report for 4Q2024.
ESTONIA: EKsL: over 80% of Estonian homes are insured
According to the Estonian Insurance Association (EKsL), 472,000 home insurance contracts were concluded in Estonia last year. According to Ülli Reimets, head of loss prevention department at EKsL, over 80% of Estonian homes are insured.
Chubb to acquire the insurance businesses in Thailand and Vietnam
Chubb, a world leader in insurance, announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam. The terms were not disclosed.
AZERBAIJAN: Voluntary insurance grows by almost 19% y-o-y in January
In January 2025, voluntary insurance in Azerbaijan amounted to AZN 140.6 million (~EUR 79.43 million), Trend writes with reference to the Central Bank of Azerbaijan. According to the Central Bank, this is AZN 22.3 million, or 18.9% more y-o-y.
ARMENIA: The government to assume the role of reinsurer under the agroinsurance program in 2025
The Armenian government will assume the role of reinsurer under the agricultural insurance program in 2025, as stated by Armenian Minister of Economy Gevorg Papoyan, ArmInfo reports.
Allianz is the first insurer to earn the Europrivacy certification
Allianz announced in its press release that it is the first insurer to earn the Europrivacy certification, recognized EU-wide under GDPR. Covering key processes in Austria, Italy, and global recruitment, it underscores Allianz's commitment to exceptional privacy standards.
Disaster risk awareness: insurance industry urges EIOPA to leverage national tools
Insurance Europe supports efforts to improve risk mitigation and urges EIOPA to leverage existing national tools, the insurers’ federation answered to a European Insurance and Occupational Pensions Authority (EIOPA) proposal to launch an EU-wide risk awareness and prevention measures tool that would enhance homeowners’ understanding of the impact of climate change on their properties.
SCOR reports strong Q4 2024 performance with EUR 233 million Net Income and 22.8% ROE
SCOR delivered EUR 233 million net income in Q4 2024, supported by robust performance across all business lines. The P&C combined ratio stood at 83.1%, benefiting from a low natural catastrophe ratio of 6.4% and disciplined reserving. The L&H insurance service result reached EUR 119 million, while investments yielded a solid 3.6% return.
13 March 2025