MARSH McLENNAN reported for the full year 2023, revenue worth USD 22.7 billion, an increase of 10% compared with 2022. Operating income was USD 5.3 billion, and adjusted operating income rose 17% to USD 5.6 billion. Net income attributable to the Company was USD 3.8 billion, while Earnings per share increased 25% to USD 7.53. Adjusted earnings per share increased 17% to USD 7.99.

Allianz Research's latest report sheds light on the expanding economic gap between the United States and the Eurozone, revealing significant disparities in growth and innovation since the Euro's introduction in 1999.

Bosnia-based insurer Croatia osiguranje dd Mostar, a subsidiary of the Croatian insurance market leader, announced an offer to take over Croatia-Remont dd Capljina, osiguranje.hr reported. 

The total premium collected by insurance companies in 2023 was EUR 1.7 billion, 7.1% up y-o-y. Out of this total, 18.4% (EUR 0.3 billion) refers to life insurance premiums, while non-life insurance premiums account for 81.6%, or EUR 1.4 billion. Paid claims increased by +13.6% y-o-y, amounting to EUR 1.2 billion, HANFA – the Croatian FSA, said.

Mrs. Petra HIELKEMA, Chairperson, EIOPA and Mr. Hartwig LÖGER, CEO & Chairman of the Board, Vienna Insurance Group have will be the Keynote Speakers at the second edition of the ESG IN INSURANCE Conference, to be held in Vienna, on 16 April.

Weather extremes such as storms, hail, floods caused by heavy rain and massive drought caused enormous damage in Austria in 2023, while GeoSphere Austria issued last year the highest warning level for a municipality around 200 times. The insurance industry expects further record claims figures for 2024 in view of the increasingly clear effects of climate change.

Mario GRECO, CEO of Zurich Insurance Group, has been honored with the prestigious Insurance Leader of the Year Award for 2023 by St. John’s University’s Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science, which is part of The Peter J. Tobin College of Business. The annual award ceremony was held on January 23, 2024, in New York.

AM Best has released its revised Best's Credit Rating Methodology (BCRM) and the criteria procedure, "Available Capital and Insurance Holding Company Analysis" (formerly known as "Available Capital and Holding Company Analysis").

Envelop Risk, the data-driven cyber (re)insurance and analytics specialist, announced the launch of Envelop SPA 1925, a dedicated cyber reinsurance Special Purpose Arrangement (“SPA”) at Lloyd’s, in partnership with Apollo through its Strategic Partner Syndicates business and Apollo Syndicate 1971. The SPA launched on 1^st January 2024 with Chris BADDELEY in the role of active underwriter, based in London. 

The German insurance industry performed well in the past financial year, recording GWP worth EUR 224.7 billion across all lines of business, up by 0.6% y-o-y, and is cautiously optimistic about the current year 2024, the Association of German Insurers said. For this year, the sector expects premium growth of 3.8% against the backdrop of rising nominal wages and easing inflation.

Europe’s insurance industry, together with nine other European associations representing independent automotive service providers and consumers, have called on the European Commission’s President, Ursula von der Leyen, to urgently deliver much needed EU legislation on access to vehicle data.

Starting from January 22, 2024, the insurance brokerage company UNIBROKKER INSURANCE & CONSULTING and its employees will merge with R&D Insurance Broker, a subsidiary of RENOMIA, the leading insurance broker in Central Europe, the Latvian broker announced. The combined company will become the premier service provider in Latvia.

According to preliminary estimates, in 2023 the insurance market in Georgia exceeded GEL 1 billion (~EUR 0.33 billion). The insurance profit of 18 companies amounted to GEL 250 million, which is 19% more than in 2022, commersant wrote.

The Czech insurance market ended the third quarter of 2023 with GWP worth CZK 160.9 billion (EUR 6.6 billion), up by 6.1% y-o-y, according to the end-September figures published by the Czech National Bank (CNB).

During Q1-Q3 2023, the Slovak insurance market totaled EUR 1.46 billion, 1.46% more y-o-y, according to the 9 months statistics published by the National Bank of Slovakia (NBS).

The largest public holding company in Bulgaria – Eurohold – the owner of Euroins Insuran Group (EIG), is one of the most liquid companies on the Bulgarian Stock Exchange (BSE) for another year. In 2023, the holding is the second most liquid stock due to active trading of its securities.

The Slovenian insurer Zavarovalnica Triglav has been notified that the Slovenian Insurance Supervision Agency has issued an ex officio decision prohibiting Vinko Letnar, currently listed in the company register as a member of the Supervisory Board of Zavarovalnica Triglav, from fulfilling the role of a Supervisory Board member due to non-compliance with statutory requirements.

The Insurance Supervisory Agency of the Federation of Bosnia and Herzegovina and the Agency for Identification Documents, Registers and Data Exchange of Bosnia and Herzegovina (IDDEEA BiH) signed an agreement on permanent access to data from the records of registered vehicles and registration documents on January 19, the regulator said on its website.

Croatia’s top insurance company Croatia Osiguranje last week informed that its management and supervisory boards will propose to the shareholders to distribute EUR 65 million in dividend on preferred and ordinary shares (EUR 151.27 per share) from retained earnings from previous years, SeeNews wrote.

NN Hellas has been recognized as Top Employer 2024 for another year, confirming its commitment to creating a model working environment. It is the only insurance company recognized for the 6^th year in a row as a top employer in Greece, insurancedaily.gr writes.