According to Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, non-loss-impacted property catastrophe renewals saw notable risk-adjusted reinsurance rate reductions of 5% to 15% at January 1.

In December 2024 Chubb announced the appointment of John Latter to lead Claims for Chubb Overseas General (COG), effective immediately.

MetLife in December announced that Nick Nadgauda will join the company as Executive Vice President and Chief Information Officer, effective March 10, 2025, the company said in its press release.

Voluntary property insurance of motor vehicles in Kazakhstan in January-August 2024 amounted to KZT 67.9 billion (~EUR 0.13 billion), which is 10.1% less y-o-y. At the same time, the number of road accidents in Kazakhstan has doubled, Allinsurance.kz reports.

On 14th November 2024, the Claims Corporation Network (CCN) Group announced the acquisition of 100% of AFA UK, a significant move that will further bolster its position in the UK market.

GrECo, the independent risk consultant & insurance broker in CEE, headquartered in Vienna, Austria, announced the acquisition of a majority stake in Comergon, a well-established privately-owned specialist insurance broker for corporate Property & Casualty risks as well as Health & Benefits in Greece and Cyprus.

PASHA Life Insurance, the leader of the insurance market in Azerbaijan, achieved significant success by all financial indicators in 2024. The company's GWP increased by 22%, total assets rose by 13%, while profit in 2024 increased by 20%, according to the Chairman of the Board of PASHA Life Insurance Niyaz Ismayilov, Trend writes.

From January to November 2024 GWP of insurance companies in Bosnia’s Serb Republic totaled KM 326.4 million (EUR 166.9 million), up 11.4% y-o-y, according to the Serb Republic’s insurance regulator, SeeNews wrote.

The MSCI analysis, which involves over 8,500 companies globally, confirmed the “AAA" ESG rating for the Generali Group for the third consecutive year, highlighting Generali as one of the "Leader" companies, which have the highest score in terms of managing risks and opportunities related to sustainability, the Group announced at the end of December in its press release.

Assets of the insurance sector at the end of November 2024 increased by 20.8%, amounting to KZT 3.0 trillion (~EUR 5.55 billion), mainly because of increased income from insurance activities and revaluation of foreign currency.

Total GWP of insurance companies operating in Kosovo increased to EUR 152.8 million in January-November 2024, from EUR 133.3 million in the same period of 2023, according to the central bank data, SeeNews writes.

Groupama's extra-financial (ESG) rating by Sustainable Fitch was upgraded in December from "3" to "2", and the Group's score has improved from 55 to 63, the Group said.

The strategic partnership of Talanx AG with Meiji Yasuda Life Insurance Company (Meiji Yasuda) will expire by mutual agreement on December 31, 2025. Talanx therefore makes use of the termination option of the cooperation agreement agreed upon at the beginning of the partnership, the Group said in its press release in December.

VIG Re, announced organizational changes to its Board of Management, effective 1 January 2025. These changes are designed to further enhance the company's strategic direction and operational efficiency, the company’s press release stated.

Life insurance in Azerbaijan amounted to AZN 79.3 million (~EUR 44.13 million) in January-November 2024. According to the Central Bank, this is AZN 5.2 million, or 7% more y-o-y, Trend writes.

As we bid farewell to another remarkable year, we want to take a moment to express our heartfelt gratitude for your unwavering support and trust in XPRIMM News. In 2024, you accompanied us on a journey of discovery, staying informed and engaging with the stories that matter most.

by Olav JONES, Deputy Director General and Director Economics & Finance, Insurance Europe

In 1H 2024, claims paid for storm-related damages to insured homes by members of UNSAR – the professional association of the Romanian insurers, reached RON 24 million (~EUR 4.8 million), which about 94% of the total compensations paid in 2023 under voluntary home insurance policies, the association said.

The Czech insurance market ended the third quarter of 2024 with GWP worth CZK 173.64 billion (EUR 6.89 billion), up by 7.9% y-o-y, according to the end-September figures published by the Czech National Bank (CNB).

ReConnext, the much-anticipated all-inclusive global reinsurance conference, is set to redefine networking in the reinsurance industry when it takes place on 16-19 February 2025 in Antalya, Türkiye. Designed as a seamless, all-in-one event, ReConnext combines strategic meetings, insightful stage sessions, and world-class facilities under a single, comprehensive offering.