Swiss Re reported a net income of USD 643 million for the first quarter of 2023 as improved profitability in all main businesses absorbed large natural catastrophe losses and seasonally higher mortality in winter months.

Allianz Group informed it has committed EUR 6 million to support relief and recovery efforts in Turkiye and Syria after a catastrophic series of earthquakes struck the region on February 6, 2023. Allianz has also unveiled a nationwide earthquake awareness program and projects to build critical facilities for children left destitute by the earthquakes in Turkiye.

Italian insurer Generali announced it has reached an agreement with Frankfurter Leben for the disposal of Generali Deutschland Pensionskasse AG (GDPK).

At the end of March 2023, the assets of insurance (reinsurance) companies increased to KZT 2.2 trillion/~EUR 4.44 billion (an increase of 6.5% since the beginning of 2023), mainly as a result of an increase in income from insurance activities, Allinsurance.kz reports.

From June 1, 2023, car owners from Belarus won't be able to use Green Card international insurance policies when traveling to the European Union, Great Britain, and Switzerland, BELTA reports.

The share of insurance in Georgia's GDP is just over 1%, which is 2-3 times less than in Eastern European countries, while in developed countries this figure is even higher - about 6-7%, as stated by the head of the State Insurance Supervision Service David ONOPRISHVILI, Business Georgia writes.

More than 400 natural catastrophes caused USD 313 billion of damage worldwide in 2022 resulted from weather and climate events, impacting people's health, livelihood, and assets. Yet only 42% of weather and climate related losses were covered by insurance.

According to the 1Q results, the list of 1,000 largest taxpayers in Armenia included three insurance companies out of six operating in the country, as evidenced by the data of the State Revenue Committee, ArmInfo wrote.

Generali Group closed 2022 with a net profit of EUR 2,821 million and is going to distribute a dividend of EUR 1.16 per share to shareholders, to be paid as from 24 May 2023, according to the 2022 Financial Statements approved at the Annual General Meeting.

The Presidium of the MTIBU approved the Procedure for organizing and holding a competition to determine candidates for the MTIBU General Director position, according to a press release from the MTIBU (Motor Transport Insurance Bureau of Ukraine).

Today starts in Tbilisi the 2023 edition of the International Insurance Conference of Georgia, an event organized at the initiative of the State Insurance Supervision Service of Georgia and with the logistical support of XPRIMM. 

Irwin Mitchell Holdings Limited has sold 100% of its interests in Coris UK Ltd. to CCN Insurance Services AG, a sister company of the Claims Corporation Network (CCN) Group. This acquisition has been made to strengthen CCN's core business lines, which include third-party administration (TPA), MGA and insurance services.

The CIS market* ended FY2022 with a 9.9% y-o-y growth in euros, reaching EUR 29.15 billion, according to xprimm statistics.

Polish insurance distribution platform UNILINK group announced change in the position of the President of the Management Board of Unilink in Poland. Thus, Aleksandra Friedel, who had previously been a member of the company's management board, became the new president.

At the end of April, due to the expiry of the three-year contract, Andrea Simoncelli resigns from the position of the Chairman of the Supervisory Boards of insurance companies of Generali Polska, as the company informed here.

Global reinsurer Swiss Re announced that Sergio P. Ermotti stepped down as Chairman of the Board of Directors on 30 April 2023, after completing the agreed handover period, to fully focus on his role at UBS.

Bulgarian commercial banks UBB - United Bulgarian Bank and KBC Bank Bulgaria, - both of them owned by Belgian financial group KBC- have legally formalised their merger, creating the country's largest lender by assets, according to a press release posted on UBB website.

Hungarian insurer Posta Biztosito is in Hungarian hands, after the state-owned Corvinus International Investment Company has closed the acquisition of 66.9% stakes (the remaining 33.1% being held by Magyar Posta) in the life & general insurance units of state-owned postal company Magyar Posta from Germany's Talanx, informed bbj.hu here quoting press released by the Ministry of Economic Development.

The leader of the insurance sector, life insurance company PASHA Life Insurance, increased its profit to AZN 9.5 million (~EUR 5.13 million) in the first quarter of 2023. At the same time, the company's paid claims tripled y-o-y, amounting to AZN 48 million, Trend reports.

According to the Estonian Traffic Insurance Fund (LKF), as of now nearly 21,000 motorcycles and mopeds have been insured, while last year there were 3,000 less, the Association of Estonian Insurance Companies (EKsL) wrote.