Moreland Murray, Chief Inclusion & Diversity Officer at Marsh McLennan, has been recognized by Savoy magazine as one of 2022's Most Influential Black Executives in Corporate America.

Allianz Global Corporate & Specialty's (AGCS) announced Martin Zschech, current Regional Head of Distribution - CEE region, will be appointed Global Head of Industry Solutions & Client Management effective January 1, 2023.

Kees van Kalveen, CFO at Nationale-Nederlanden Bank (NN Bank) will leave the company on 1 January 2023 to pursue his career outside Nationale-Nederlanden. The Dutch bank announed it has already started the process to find a successor.

At the end of the year, Bosnian insurers ASA Osiguranje and Central osiguranje will be officially merged, local media informed. The merger will create the largest insurer in the country with more than 11% market share.

Allianz Capital Partners, on behalf of Allianz insurance companies, has signed an agreement to acquire a minority stake in the Finnish project developer Ren-Gas.

Dutch insurance group Aegon announced it has sold its exposure as an investor to Russia. On March 8 of this year, shortly after the Russian invasion of Ukraine, Aegon announced that it had started winding down its already negligible investments in Russia.

GWP in the Polish bancassurance channel went down by about 20% y-o-y in the first three quarters of 2022, reaching PLN 4.16 billion. This result was mostly due a strong reduction in life insurance, as an outcome of the product intervention of the supervision authority and the volatile economic environment.

MSCI, a leading international ESG rating company that assesses nearly three thousand companies globally, has upgraded Assicurazioni Generali to AAA, its highest possible rating, from AA.

Zeljko Slijepcevic, member of the Management Board of the Banking Agency of Republika Srpska, has been appointed as the ombudsman in the insurance of the RS, for a five year mandate, starting on 8 December osiguranje.hr wrote.

"From a business perspective, it is important to understand that ESG not as a luxury, it is not Louis Vuitton of the insurance sector, it is the textile bag that you need every day to do shopping, so it is really something fundamental that is of use," Dieter Pscheidl, Head of European Affairs and ESG for Vienna Insurance Group (VIG) explained in second episode of the XPRIMM TIME FOR BUSINESS series dedicated to ESG issues.

According to the January-September 2022 aggregate figures published by SLASPO (Slovak Insurance Association), at the end of Q3, total GWP from the members of the association totaled EUR 1.95 billion, up by 4.42% y-o-y. Premiums written in life insurance decreased by 0.5% y-o-y to EUR 772 million, while non-life segment was up by 7.9% y-o-y to EUR 1.18 billion.

The largest CEE insurance market posted aggregate 3Q2022 GWP worth PLN 57.7 billion (EUR 10.8 billion), up by 3.6% y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). At the same time, claims and benefits paid by local insurers increased by ~11% y-o-y to PLN 33.6 billion or EUR 6.9 billion.

According to the quarterly statistics published by the Central Bank of Hungary, at the end of September 2022, the aggregate market gross profit of Hungarian insurers decreased by 65% y-o-y to HUF 23.2 billion the equivalent of EUR 55 million (vs. HUF 66.3 billion/ EUR 184 million), according to the quarterly statistics published by the Central Bank of Hungary. At the same time, the value of net profit decreased by 66% y-o-y to HUF 21 billion (~EUR 50 million) vs. HUF 61.8 billion/ ~EUR 171 million.

According to the CAP (Czech Insurance Association) quarterly figures, at the end of September 2022 the aggregate GWP reported by member companies totaled CZK 119.2 billion (EUR 4.9 billion) up by 7.5%, or by almost CZK 8.4 billion.

Zurich Insurance Group (Zurich) announced that its subsidiary Zurich Investments Life S.p.A. has completed the sale of its life and pensions back book, composed of both traditional and unit-linked policies, to the Portuguese insurance company GamaLife - Companhia de Seguros de Vida, S.A. (GamaLife).

The international rating agency Standard & Poor's (S&P) once again confirmed Vienna Insurance Group's (VIG) rating of "A+" with a stable outlook in its press release on 1 December 2022. Vienna Insurance Group thus remains one of the companies with the best rating in the Austrian Traded Index (ATX) of the Vienna Stock Exchange.

In the third quarter of 2022, MTPL insurers paid more than UAH 700 million to the road victims. The number of MTPL agreements concluded in the third quarter amounted to 2.1 million units, which is 13.4% less y-o-y. GWP reached UAH 2.1 billion (~EUR 58.25 million), up 7.4%, according to a press release from the MTIBU (Motor (Transport) Insurance Bureau of Ukraine).

In the Latvian Insurers' Association (LAA) members' meeting in November, two management members of the association's council were re-elected for a two-year term, as well as the association's 2023 work plan and budget were approved.

The international rating agency Fitch Ratings on December 2 affirmed the sovereign credit rating of the Republic of Kazakhstan at BBB with a stable outlook, Allinsurance.kz writes with reference to the National Bank.

According to the Estonian Insurance Companies Association (EKsL), 28 travel insurance disputes between customers and insurers have been registered by the insurance conciliation body this year, which is 17 more than a year ago.