Chubb announced a definitive agreement to acquire Catalyst Aviation Insurance, a Melbourne-based managing general agent that specializes in general aviation insurance for the Australia market.

Bulgarian financial holding Eurohold Bulgaria AD reported total revenues of BGN 2.89 billion (EUR 1.48 billion) and earnings before interest, taxes, depreciation and amortization (EBITDA) of approx. BGN 207.58 million (EUR 106.13 billion) in 2023, down by 33.5% and 11.9% percent, respectively, compared to the previous year. The company posted a positive 2023 net financial result of BGN 78.63 million.

Lloyd’s announced the opening of a new office in Miami from 1 September 2024 to strengthen its Latin America and Caribbean business and continue to support the market’s sustainable and profitable growth in the Americas. Latin America and Caribbean is an important and fast-growing area for Lloyd's, accounting for 4.6% of gross written premium (USD 2.7 billion) in 2023.

S&P Global Ratings informed on its website that it had affirmed the “A” long-term financial strength and issuer credit ratings on Sava Re with a stable outlook. The ratings are based on the Agency’s updated capital model with revised criteria for analysing insurers’ risk-based capital dated 15 November 2023.

Slovene re/insurance group Triglav informed that at its General Meeting of Shareholders, the shareholders supported the Management Board's and the Supervisory Board's proposal to pay EUR 1.75 gross dividend per share - which represents a 5% dividend yield. The dividend will be paid to the shareholders appearing in the Company's share register on Tuesday, 18 June 2024 (the ex-dividend date is Monday, 17 June 2024).

Vienna Insurance Group (VIG) has initiated a comprehensive programme to increase protection against growing cyber threats. The Group companies will be serviced by three competence centres in Austria, Poland and the Czech Republic. The initiative is financially supported by the European Union through the European Cybersecurity Competence Centre.

On June 3-4, 2024, the Insurance and Private Pensions Regulation and Supervision Agency (SEDDK), the Turkish Insurance Association (TSB), and Maher Holding hosted some of the most prominent figures in Romania's insurance and finance sector, in a visit aiming at extending the regional cooperation in the re/insurance sector.

Join the 2024 edition of the Azerbaijan International Insurance Forum, on 20 – 21 June, to meet the entire Azeri insurance market and find out about the latest trends in the insurance business in the Caucasus Region.

Leopoldo CAMARA has been appointed Head P&C Reinsurance for Swiss Re's business in Northern, Central and Eastern Europe (NCEE) and Country President Germany, effective 1 August 2024 (pending regulatory approval).

Christian Kuhn has resigned from the UNIQA Supervisory Board due to the age limit stipulated in the UNIQA statutes. Professor Monika Henzinger was elected as his successor.

Bulgarian insurance market reported January-December 2023 GWP worth BGN 4.38 billion (EUR 2.24 billion), up by 21.29% y-o-y, according to the official figures published on Financial Supervisory Commission website. Life insurers' GWP increased by 16% to BGN 725.50 million, while non-life insurers' GWP rose by 22.39% to BGN 3.66 billion.

According to the Q1 2024 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.40 billion, 14.3% more y-o-y.

Serbian insurers ended the year 2023 with total GWP worth RSD 155.25 billion (EUR 1.32 billion), almost 16% more y-o-y, according to the end-year statistics published by the National Bank of Serbia (NBS).

Total premium generated in the Turkiye insurance market increased in local currency by almost 92% during January-March 2024 to TRY 199.26 billion (EUR 5.72 billion), according to the quarterly figures released by the Insurance Association of Turkey (TSB).

Based on the decision of the National Agency for Prospective Projects of the Republic of Uzbekistan dated May 21, 2024, the license of NEW LIFE SUG‘URTA KOMPANIYASI for voluntary and compulsory life insurance was canceled as of May 22, 2024, the agency said in a statement.

The National Agency for Prospective Projects (NAPP) of the Republic of Uzbekistan reported that work is underway to revise the MTPL tariffs established back in 2019, the agency said on its website.

In the first three months of 2024, GWP of ARX exceeded UAH 946 million (~EUR 22.36 million), which is 21% more y-o-y. At the same time the insurer's paid claims exceeded UAH 431 million (~EUR 10.18 million), Forinsurer reports.

Zurich's global startup program crowns nine winners of Innovation Championship 2024. The winners from EMEA, North America, Latin America, and APAC tackle challenges in the fields of Commercial Insurance, Digital Simplification, Life & Health, and Retail P&C, with an additional two wild-card winners, Zurich’s press release says.

According to the new statistical insurance bulletin of the Slovenian Insurance Association (SIA), in 2023 the market had the highest annual rise since 2007. After two years of negative growth (almost stagnation) life insurance increased, while non-life segment grew for the ninth year in a row.

This year insurers in Latvia already paid out about EUR 9 million to farmers for frozen winter crops and other crop damage, according to the data compiled by the Association of Latvian Insurers (LAA), which includes Latvian insurers and one German insurer working in the Latvian agroinsurance market.