Swiss Re said it had a net income of USD 2.2 billion and a return on equity (ROE) of 13.4% for the first nine months of the year.

The Talanx Group has generated nine-month Group net income of EUR 1,592 (1,279) million, already exceeding the full prior-year figure, and is lifting its earnings forecast for financial year 2024 from more than EUR 1.7 billion to more than EUR 1.9 billion, the group said.

Generali continues to achieve strong growth in operating result driven by all business segments. The Group’s gross written premiums increased by 18.1% to EUR 70.7 billion, thanks to the strong performance of both Life and P&C segments, the recent press release says.

Estonian insurers posted 9M 2024 aggregate GWP worth EUR 508.06 million, 6.52% more y-o-y, according to the market figures published by the Estonian National Statistics Board. Total paid claims by local insurers remained almost on the same level as the previous year, to ~EUR 303.7 million.

Risks in the European insurance sector are stable and overall, at medium levels, with pockets of vulnerabilities stemming from market volatility and real estate prices, EIOPA's October 2024 Insurance Risk Dashboard shows.

Marsh McLennan appointed Jasminka Horvat Martinović, former director of the Croatian Association of Managers CROMA, as President of the Management Board of Marsh McLennan Croatia. She replaces Iva Rogović Lekić who left the company for GrECo Specialty, in Vienna.

French group SCOR reported Q3 2024 net income of EUR -117 million, a figure adjusted by excluding the mark to market impact of the option on own shares. The result was driven by a negative insurance service result (ISR) in L&H reinsurance, partially offset by very strong P&C and Investments performances.

In the first three quarters of 2024, gross written premiums (GWP) in Albania's insurance market reached ALL 18,288 million, marking a 7.36% increase y-o-y. In European currency, the appreciation of the Albanian Lek against Euro, the market growth was of 15.9%, to EUR 185.15 million.

Envelop Risk (“Envelop”), the data-driven reinsurance and analytics specialist, today announces the launch of Envelop Underwriting, which will encompass all existing underwriting activities: Envelop Risk Bermuda and Envelop at Lloyd’s, including the Envelop Risk SPA 1925.

At the end of 3Q2024, the insurance sector of Armenia decreased by 1.50%, amounting to AMD 54.20 billion (EUR 125.09 million), according to the data of the Financial Rating of Insurance Companies provided to ArmInfo.

Hannover Re Chief Executive Officer Jean-Jacques Henchoz will leave the Executive Board of Hannover Re on 31 March 2025 as he not extending his expiring contract at his own request.

American International Group (AIG) announced that Courtney Leimkuhler, co-founder and Managing Partner of the venture fund, Springbank, has been elected to its Board of Directors as an independent Director, effective November 5, 2024, according to the press-release.

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, announced the appointment of Nathan Adams as its Chief People Officer, who will join Lloyd’s early next year, and will become a member of Lloyd’s Executive Committee, the press-release said. Nathan will replace Sara Gomez, who will be retiring from Lloyd’s at the end of the year.

Iva Rogović Lekić, former President of the Management Board of the Marsh brokerage house in Croatia, will take over the position of President of the Management Board in the competing company GrECo specialty with headquarters in Vienna, osiguranje.hr wrote.

Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan (MMC), announced the appointment of Alistair Fraser to the newly-created role of International Corporate & Commercial Leader, who, effective 1 January 2025, will report to Flavio Piccolomini, CEO, Marsh McLennan International, the company said.

German KfW Development Bank is ready to provide funds, and the state will co-finance the agroinsurance program. According to the Armenian Minister of Economy Gevorg Papoyan, negotiations with the reinsurer are already underway, ArmInfo writes.

The Central Bank of Azerbaijan (CBA) has included the Turkish BMS Group Sigorta ve Reasurans Brokerligi company in the register of foreign insurers, reinsurers, and insurance brokers, Trend reports referring to the CBA.

Generali was included once again by Forbes in the World’s Top Companies for Women list for its dedication to advancing women in the workplace, the company said.

Total assets of insurance (reinsurance) organizations of Kazakhstan from the beginning of the year to the end of September 2024 grew by 13.4%, reaching KZT 2.8 trillion (~EUR 5.23 billion), mainly as a result of the growth of income from insurance activities, Allinsurance.kz reports referring to the Agency for Regulation and Development of Financial Market of Kazakhstan.

KBC Group recorded a net profit of EUR 868 million in the third quarter of 2024. The insurance service result amounted to EUR 81 million (vs EUR 113 million and EUR 138 million in the previous and year-earlier quarters, respectively) and breaks down into EUR 45 million for non-life insurance and EUR 36 million for life insurance.