Several insurance companies had to cancel their previous contracts after the record paid claims due to the last year's drought, according to the Hungarian Association of Independent Insurance Bargainers (FBAMSZ) , portfolio.hu wrote.

On 28 April 2023, VIG Re has published its Annual Report confirming preliminary financial figures communicated on 16th March 2023.

Acrisure, a Fintech leader that operates a top-10 global insurance broker, announced its acquisition of Unilink Group, the largest insurance distribution platform in the Central and Eastern European (CEE) region. Through this partnership, Acrisure adds over 1,300 colleagues across Poland, Bulgaria, Romania, Czech Republic, Slovakia and Moldova and clients in the same geography.

Global re/insurance broker AON informed that its Q1 2023 total revenue increased by 5% to USD 3.9 billion, "reflecting 7% organic revenue growth and a 1% favorable impact from fiduciary investment income, partially offset by a 3% unfavorable impact from foreign currency translation".

Zurich Insurance Group (Zurich) has published its Financial Condition Report 2022, reaffirming the strong financial position and robust balance sheet of the Group.

Global reinsurer Munich Re informed it achieved both a "good investment result in Q1 2023 and a pleasing operational business performance".

The EU has a problem with climate catastrophe insurance: only a quarter of the losses from climate-related disasters are covered. Greater coverage could reduce the economic damage that results from them, a joint ECB-EIOPA post reads, overviewing the ways to make this happen.

ICEYE, a world-leading provider of natural catastrophe solutions and insights, has announced the Beta release of its Wildfire Insights product.

The capital city of Georgia, Tbilisi, will host one week from now, on 4 May, the 2023 edition of the Insurance Conference of Georgia, an event organized n event organized at the initiative of the State Insurance Supervision Service of Georgia and with the logistical support of XPRIMM. See the full agenda on the conference website.

RENOMIA, a leading Central European risk management, insurance and claims management consultancy, has acquired a majority stake in Renewable Energy Insurance Broker (REIB), a Bulgarian company specialising in the insurance of renewable energy sources, particularly solar and wind power plants. RENOMIA, which celebrates its 30th anniversary this year, maintains dynamic growth through a combination of organic growth and M&A.

In 2022 total GWP of the insurance sector amounted to BYN 1,840.1 million (EUR 631.13 million), which is 6.6% more y-o-y, according to data published by the Ministry of Finance of the Republic.

Global re/insurance broker Aon announced that Sherif Zakhary was named as Chief Executive Officer of its Strategy and Technology Group within Reinsurance Solutions, "effective immediately, to build more resilient businesses for its clients".

Boris Umanov has decided to leave the position of chairman of the board and member of the board of directors of the market leader - EURASIA at his own request, the insurer reports.

NN Group announced that Fabian Rupprecht will step down as member of the Management Board of NN Group and Chief Executive Officer of International Insurance, as of 30 June 2023. He will join Swiss insurer Helvetia Group, as Chief Executive Officer, effective 1 October 2023.

At the Annual General Meeting (AGM), Swiss Re's shareholders approved the re-election of Sergio P. Ermotti as Chairman of the Board of Directors. At the same time, Swiss Re's shareholders approved the re-election of all proposed members of the Board for a one-year term and the election of Vanessa Lau and Pia Tischhauser as new Board members for a one-year term.

As of January 1, 2023, total liabilities of insurers increased by 28.8% to AZN 1,027.85 million (~EUR 0.56 billion). At that, 13 insurers increased their liabilities, while other 7 - decreased. Total long-term liabilities of companies increased by 23.6% to AZN 920.16 million, while total short-term liabilities doubled to AZN 107.68 million, Trend reports.

Croatian Insurance Days will take place in Opatija, Amadria Park Grand Hotel 4 Opatija Cvijeta, organized by the Croatian Insurance Agency from May 3 - 5, 2023, svijetosiguranja.eu wrote.

Last year, traffic insurance intermediaries operating at the Estonian Traffic Fund (LKF) settled 134 disputes between insurers and clients, 75% of which ended in an agreement, the Association of Estonian Insurance Companies (EKsL) wrote.

"Gradual and timely alignment with EU regulations in insurance is the best way to meet the standards and requirements of the new Solvency II regulatory regime", as was emphasized at the meeting of the leadership of the Insurance Supervisory Agency (ANO) and the Austrian Financial Services Supervisory Agency (FMA).

The latest report of the Financial Ombudsman for 2022 confirmed Warta's position as a leader in the quality of customer service in the property and motor insurance segments. The company has maintained this position for the fifth year in a row, Gazeta Ubezpieczeniowa wrote.