The Board of Directors of Marsh McLennan (MMC) appointed Judith Hartmann and Ray Young as directors effective immediately. With these appointments, the Company's Board will consist of 15 directors.

Allianz Group announced the leadership for four of its largest Property and Casualty Commercial insurance markets: Australia, France, Germany and the United Kingdom.

The Turkish Catastrophe Insurance Pool (TCIP) so far has paid USD 340.36 million (TRY 6.5 billion) on claims for the victims related to the recent earthquakes that occurred in Turkey last month, Reinsurance News reports.

As of March 1, 2023, the assets of insurance (reinsurance) companies in Kazakhstan totaled KZT 2.2 trillion (an increase of 4.5% since the beginning of 2023)/~EUR 4.66 billion, mainly as a result of an increase in income from insurance activities, Allinsurance.kz writes with reference to the data of the Agency of the Republic of Kazakhstan for regulation and development of the financial market.

In the first two months of 2023, 15 insurance companies operating in the Croatian market, collected EUR 258.3 million, of which EUR 48.1 million (18.6%) were generated in life insurance and EUR 210.1 million (81.4%) - in non-life insurance, svijetosiguranja.eu reports with reference to the data from Hanfa (the Croatian financial services supervision agency).

In 2022, the sales of the PZU Group reached the highest level in the history of the insurer, exceeding the strategic goal. The Group also had high profit and profitability ratio, despite pressure of the Polish economy, Gazeta Ubezpieczeniowa reports.

The Baltic non-life insurance company Lietuvos draudimas ended 2022 with 30% in the country's market portfolio, the company's income grew by 24%, delfi.lt writes citing the insurer's press release.

Global reinurer Munich Re has discontinued its membership in the Net-Zero Insurance Alliance (NZIA). "In our view, the opportunities to pursue decarbonisation goals in a collective approach among insurers worldwide without exposing ourselves to material antitrust risks are so limited that it is more effective to pursue our climate ambition to reduce global warming individually," says Joachim Wenning, CEO of Munich Re.

The calculations made by Rankomat show that during the first 3 months of 2023 the motor insurance market recorded another drop in prices compared to the same period last year. The average premium decreased by nearly 10%. At the same time, price reductions are not as dynamic as in previous years,

According to the Association of Estonian Insurance Companies (EKsL), insurance companies paid for 29,400 home insurance events last year. This included 1,700 liability insurance cases related to home insurance, where damage was mostly caused to a neighbor. If the average loss in home insurance was EUR 1,430, in liability insurance it reached EUR 1,720.

Fitch Ratings has downgraded Euroins Romania Insurer Financial Strength Rating (IFS) to 'CC' from 'B+' and placed it on Rating Watch Evolving (RWE).

According to the Estonian Insurance Association (EKsL), last year 506 insurance frauds were proven with an attempt to defraud EUR 1.4 million. The largest increase of frauds was recorded in home insurance.

In January-February 2023, total GWP of insurance companies operating in Kosovo increased by 11.1% y-o-y to EUR 21.9 million, SeeNews reports citing the Central bank data.

In January-February 2023 GWP of Albanian insurers increased by 19.07% y-o-y to ALL 3.29 billion (EUR 29 million), SeeNews reports citing the official figures.

Dutch insurance group Achmea announced its 2022 Gross premium volume increased by 5.3% to EUR 21 billion, while "in line with development financial markets the investment income decreased by EUR 453 million resulting in a lower operational result".

How can insurers deal with the current challenges in the motor insurance business and what should they expect from the future, the new capabilities brought by technology and the changing mobility options? Some answers will come today in Vienna, at the Motor Insurance Conference organized by XPRIMM. BAAR is the conference's Official Partner, while RECREX and HELLAS Direct are supporting the conference as partners.

Today takes place in Vienna, at the historic Bristol Hotel, the first ESG IN INSURANCE Conference. Organized by XPRIMM, and with Vienna Insurance Group as Official Partner, the event benfitted also from the support of the Turkish IUC Group.

The 2023 edition of FIAR - The International Insurance-Reinsurance Forum will be held at the Sheraton Hotel, in Bucharest, between 14-16 May. The Forum's 24^th edition will host four conferences and multiple networking opportunities.

The Management Board and the Supervisory Board of Zavarovalnica Triglav will propose to this year's General Meeting of Shareholders to pay a dividend of EUR 2.50 gross per share, or EUR 56.8 million in total.

Credit Suisse's failure and its subsequent takeover by the USB Group left Swiss Re in need of a successor for Sergio P. Ermotti, who was appointed as new CEO of the UBS Group, to oversee the Credit Suisse's incorporation in the USB structure.