Hannover Re increased its Group net income by 14.2% in the 2022 financial year to the record level of EUR 1.41 billion (previous year: EUR 1.23 billion) and thereby achieved the guidance that had been detailed more closely in November 2022. For 2023, the Group expects its net income should reach at least EUR 1.7 billion.

In recognition of the Generali Group CEO's commitment to sustainability, the Foreign Policy Association has presented Generali Group CEO Philippe Donnet with the Corporate Social Responsibility Award at their 2023 Financial Services Dinner.

Answering to the ESG IN INSURANCE Conference goal of exploring different approaches to building an effective ESG strategy, Nina KELEMEN, CFA, Sustainability Manager for Zavarovalnica Triglav, the mother company of one of the most important groups in the CEE will present Slovenian's strategic sustainability journey as well as the Group's opinion on the challenges raised by the implementation of ESG regulation.

Motor insurance is a rapidly changing landscape. Changing mobility options, accompanied by fast developing digital technologies and, why not, a bright new vision on the way motor insurers should serve their clients are opening a broad range of possibilities that will be explored at IIF 2023 - MOTOR INSURANCE Conference - "Reshaping motor insurance business", on 5 April, in Vienna.

The National Association of Insurers of Ukraine (NAIU) has joined Insurance Europe as an associate member, the European insurers' federation announced.

Swiss Re has successfully closed a multi-year stop-loss transaction with funding led by J.P. Morgan. The deal provides Swiss Re with USD 700 million in underwriting protection, supporting the Group's pursuit of profitable growth.

Last year, Estonian insurance market totaled EUR 550.90 million in terms of GWP, up by 13.26% y-o-y, according to FY2022 market figures published by the Estonian National Statistics Board.

During the year 2022, the Lithuanian insurance market grew by 18.57% y-o-y (or by EUR 193 million) to EUR 1.23 billion, while the value of payments expanded by 24.69% y-o-y to EUR 682.37 million, according to the market figures published by the Bank of Lithuania.

Chubb Tempest Re - the reinsurance business of Chubb, - announced that Wayne Ashley has been appointed Division President, Chubb Tempest Re International. He succeeds Stephen Roberts, who is retiring from the company at the end of April.

American International Group (AIG) informed that its Board of Directors has elected Diana Murphy and Vanessa Wittman as independent Directors of the company, effective March 16, 2023.

The Chairman of the Supervisory Board of Vienna Insurance Group (VIG), Gunter Geyer, received the "Medal for Merit", I Class, from the President of the Czech Republic, Milos Zeman, on 2 March 2023. The ceremony at Prague Castle was also attended by the Austrian Federal President Alexander Van der Bellen.

French reinsurer SCOR announced that Alexandre Garcia, previously Head of PR and Corporate Communications, is appointed Group Head of Communications and Public Affairs.

On 1 March 2023 the international ratings agency Standard & Poor's (S&P) upgraded the outlook for UNIQA Insurance Group AG, UNIQA Osterreich Versicherungen AG and UNIQA Re AG from "negative" to "stable". S&P also reconfirmed the "A" rating for UNIQA Osterreich Versicherungen AG and UNIQA Re AG, and the "A-" rating for UNIQA Insurance Group AG.

Slovene Zavarovalnica Triglav informed, that on 2 March 2023 Blaz Jakic assumed the office on the Management Board of Zavarovalnica Triglav for the five-year term of office.

According to unaudited data, the Triglav Group generated a profit before tax of EUR 134.5 million in 2022, up by 1% over the previous year and above the planned.

French reinsurer SCOR posted gross written premiums of EUR 19.73 billion in 2022, up by 4.9% compared with 2021, while in terms of profitability, it reported a net loss of EUR -301 million, compared with EUR 456 million net income in 2021.

Slovenian Sava Insurance Group informed that it generated a net profit of EUR 68.2 million in 2022, exceeding the annual target by 13.7%, according to the Unaudited financial statements of the Sava Insurance Group for 2022. Compared with 2021 when the same indicator totaled EUR 76.16 million, the net profit declined by over 10%.

In the fourth quarter of 2022, the average MTPL premium for passenger cars increased by 8% compared to the same period in 2021. Claim expenses increased by 13% as a result of rising service and spare parts costs and changes in the exchange rate, according to the MNB's latest KGFB index, portfolio.hu wrote.

The amount of paid claims of each of the four insurance companies of Azerbaijan in January 2023 exceeded AZN 2 million (~EUR 1.08 million), ABC reports.

Bulgarian financial and energy holding Eurohold reported YE 2022 a nearly 77% growth in revenues compared to the previous year to over BGN 6.3 billion (EUR 3.2 billion) and a roughly 52% increase in EBITDA to approx. BGN 286 million (EUR 146 million), according to the holding's annual consolidated report. Net profit grew by 8.8% on the year to BGN 68.3 million (EUR 34.9 million).