Generali announces the acquisition of Conning Holdings Limited (CHL), a leading global asset manager for insurance and institutional clients, from Cathay Life, a subsidiary of Cathay Financial Holdings, one of the largest Asia-based financial institutions.

Aon plc, a leading global professional services firm, has announced the completion of a historic parametric insurance program for the Government of Puerto Rico, aimed at helping the island reduce its insurance obligation to the U.S. Federal Emergency Management Agency (FEMA).

Familyman, strategist and philosopher are the three words with which Hartwig Löger, the new CEO of the Vienna Insurance Group (VIG) defines himself in a short video recording published on the Group’s website.

By the end of May total GWP, generated by the insurance companies operating in Kosovo, increased by 15% y-oy- to EUR 34.2 million, SeeNews reports citing the Central bank data.

The national nuclear energy generating company Energoatom and the insurance company Pervaya, on behalf of the Nuclear Insurance Pool of Ukraine, signed an agreement on compulsory insurance of civil liability for nuclear damage worth UAH 146.9 million (~EUR 3.65 million), Forinsurer reports citing Interfax-Ukraine.

In Poland insurers recorded another MTPL price reduction by the end of the first half of 2023. The average insurance premium decreased by 4.2% y-o-y and amounted to PLN 502 (~EUR 113), Gazeta Ubezpieczeniowa wrote based on the Rankomat data.

The broader market trends seen at January 1 continued at mid-year renewals, but with improved timing and concurrence around terms and conditions, says Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan.

At the end of March 2023, Latvian insurers' aggregate GWP (local and EU branches, summed-up) totaled EUR 295.43 million, up by 16.92% y-o-y, while the amount paid in claims and indemnities increased by 1.74% y-o-y to EUR 177.61 million, according to the quarterly figures published by The Financial and Capital Market Commission of Latvia (FKTK).

The insurance market of Moldova ended 1Q2023 with a 44.10% annual GWP increase, reaching MDL 664.24 million (EUR 33.17 million), according to data published by the National Financial Market Commission. Paid claims of the local insurers increased by 26.90% to MDL 234.77 million (EUR 11.72 million).

Romanian insurers reported GWP worth EUR 957.9 million in Q1 2023, which is only 1.74% up y-o-y. Out of this total, life insurance accounted for 16.75% share, with GWP of EUR 160.4 million, by 0.7% less than in the previous year. Non-life insurance saw a positive growth rate of 2.24%, to EIR 797.5 million, which is a rather modest evolution after the 2022 results.

NN Group announced that Frank Eijsink, currently CEO of NN Belgium, will be appointed as Chief Executive Officer of International Insurance and member of the Management Board of NN Group as of 1 September 2023, subject to approval by the Dutch Central Bank.

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group has appointed a new Chief Financial Officer (CFO) to its Board of Management.

Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (the owner of Croatia osiguranje Group - one of the largest insurers in Adriatic region) informed that last year all three businesses have increased their sales revenues, "the tourism business in particular, driven by the relatively quick recovery of the tourism market".

According to the results of January-May 2023, out of 20 insurance companies in Azerbaijan, GWP increased y-o-y for 17, while 3 companies recorded a decrease.

The National Bank of Tajikistan issued a new license to the commercial insurance organization Takafful. The document allowing the insurance company to operate on the territory of Tajikistan will be valid until September 22, 2025, Sputnik writes with reference to the press service of the regulator.

Marsh McLennan's reinsurance broker Guy Carpenter announced that it had completed its previously announced acquisition of Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction were not disclosed.

On July 1, 2023, Hartwig Löger will take over the position of CEO of the Vienna Insurance Group (VIG) from Elisabeth Stadler. Peter Höfinger becomes Deputy Chairman of the Management Board.

Europe's small and medium-sized enterprises are seeking a boost from policymakers to make their businesses more sustainable, according to research carried out by SDA Bocconi School of Management in partnership with Generali for the SME EnterPRIZE project.

The European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) have published their Progress Reports on Greenwashing in the financial sector (see EBA, EIOPA, and ESMA reports). In these reports, the ESAs put forward a common high-level understanding of greenwashing applicable to market participants across their respective remits - banking, insurance and pensions and financial markets.

The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) agreed that EIOPA will coordinate the first joint mystery shopping exercise on sales of insurance conducted in 8 Member States.