News - Insurance
Aegon’s operating result in the second half year 2024 of EUR 776 million is up 14% compared with the second half of 2023
The Dutch insurer Aegon reported second half year 2024 results. Net profit was EUR 741 million. Operating result was EUR 776 million, up 14% compared with the second half of 2023, the company said in its press release.
KAZAKHSTAN: increase in charter capital to allow Nomad Insurance Group to continue expanding its operations at the international level
The charter capital of two companies of the Nomad Insurance Group — Nomad Insurance and Nomad Life — has been increased by KZT 15.5 billion (~EUR 28.36 million).
NN Group reports very good results for 2024 showing it is well on track in the delivery of its strategy focused on customers, people, and contribution to society
NN Group, an international financial services company, continued strong business performance in 2024. Full-year operating result increased to EUR 2.6 billion; the net result increased to EUR 1.6 billion from EUR 1.2 billion in 2023.
SERBIA: Generali withdraws from the Serbian Chamber of Commerce and the Association of Insurers
Generali Insurance has decided to withdraw from the Serbian Chamber of Commerce (PKS) and the Association of Insurers of Serbia (UOS), after both organizations refused to respond to recent media attacks targeting the company's Executive Board, Dragan Filipović, Serbia Business News wrote.
UKRAINE: TAS Group business grows by 47% in January
TAS Insurance Group, one of the leaders in the insurance market, collected UAH 525.33 million (~EUR 12.08 million) under concluded insurance contracts in January 2025, which is 46.8% more y-o-y, Forinsurer writes.
UZBEKISTAN: Uzagrosugurta received an award for its contribution to the development of online insurance
During the Tashkent Marketing Forum 2025, which took place on February 15, Uzagrosugurta received the award “For contribution to the development of online insurance in Uzbekistan in 2024”, gazeta.uz writes.
Zurich delivered record results in 2024, driven by strong momentum in all areas of the business
Zurich Insurance Group (Zurich) delivered record results, driven by strong momentum in all areas of the business, with P&C and Life achieving their highest-ever business operating profits and the Farmers Exchanges lowering their combined ratio by 12 percentage points in just one year.
ARMENIA: Insurance sector’s profit declines at a double-digit rate
The net profit of the insurance sector in Armenia, after a 4.5-fold jump in 2022, began to decline in 2023, remaining in this trend in 2024 with a little slowdown in rate from 33% to 26%.
UNSAR: MTPL claims surge 36% in first nine months of 2024, raising industry concerns
The value of MTPL (compulsory motor insurance) claims paid by insurers in Romania rose by 36% in 9M 2024, exceeding RON 3.4 billion (~ EUR 680 million), according to a statement from UNSAR, the professional association of the local insurers.
First edition of ReConnext successfully closed with the promise of a second gathering in 2026
The inaugural edition of ReConnext, an all-inclusive reinsurance networking event, took place on February 16-19, 2025, at the Titanic Mardan Palace Hotel in Antalya. The event organized by Confera Event Partners and IUC Group launched a completely new “all-inclusive event concept” and hosted several interesting conference sessions.
VIG Re strengthens senior leadership team with appointment of Hong-Wha Ling as Chief People Officer
VIG Re appoints Hong-Wha Ling to the newly created role of Chief People Officer, underscoring its commitment to talent development and strategic growth. The creation of the Chief People Officer role reflects the evolving nature of People Management within VIG Re.
RiverStone International signs RITC contract for HRP Syndicate 2689’s 2022 year of account
RiverStone International, a top acquirer of legacy business in the Lloyd’s market, has signed a reinsurance-to-close deal with Asta Managing Agency, transferring Hampden Risk Partners Syndicate 2689’s 2022 underwriting year into RiverStone Syndicate 3500. As of Q3 2024, net technical provisions stood at GBP 62.5 million.
GFIA: AI supervision of the insurance industry must be ‘balanced and proportionate’
The Global Federation of Insurance Associations (GFIA) shares the commitment of supervisors and regulators to ensure AI is used responsibly, whilst also fostering innovation to the benefit of consumers and industry.
STATISTICS: Croatian market increased to almost EUR 2 billion at the end of 2024
At the end of 2024, the insurance market of Croatia totalled EUR 1.9 billion, of which EUR 335.1million (17.4%) related to life insurance premium and EUR 1.6 billion (82.6%) to non-life insurance segment, according to the YE 2024 statistics published by The Croatian Financial Services Supervisory Agency – HANFA.
STATISTICS: Bosnia market expanded by over 10% during 2024 to EUR 555 million
At the end of 2024, the BiH insurance market totaled EUR 555 million (BAM 1.1 billion), up by 10.3% y-o-y, as the local insurance agency – AZOBIH informed. At the same time, the value of claims paid by insurers expanded by 9.4% y-o-y to EUR 240 million.
Aymeric Martin to join the Board of Allianz Commercial
Allianz Commercial announced that Aymeric Martin, currently Chief Financial Officer of Allianz Ireland, will join the Board of Allianz Global Corporate & Specialty SE (‘AGCS SE’ as the legal entity of Allianz with Board responsibility for Allianz Commercial) as Chief Risk and Resilience Officer (CRRO), with effect from April 1, 2025, subject to regulatory approval.
CEO Marcel Zuidam to leave NN Bank
Marcel Zuidam, Chief Executive Officer (CEO) at Nationale-Nederlanden Bank (NN Bank) will step down as of 1 April 2025 to join Triodos Bank.
Lloyd’s appoints Alexandra Cliff as Chief Financial Officer
Lloyd’s announced the appointment of Alexandra Cliff as its Chief Financial Officer. Her appointment will commence on 1 May 2025, subject to regulatory approval.
Aviva appoints new Group Chief Operating Officer from 1 March
Aviva, one of the UK’s leading Insurance, Wealth and Retirement businesses, with major businesses in Canada and Ireland, announced the appointment of Craig Fazzini-Jones as Group Chief Operating Officer, from 1 March. Craig will become a member of Aviva’s Group Executive Committee.
AIG: 2024 was an outstanding year of accomplishments
American International Group (AIG) announced financial results for the fourth quarter and full year ended December 31, 2024. General Insurance net premiums written (NPW) amounted to USD 6.1 billion, which means an increase of 6% y-o-y on a reported basis, or 7% on a comparable basis, according to the Group’s report.
24 February 2025