News - Insurance
Kolodner appointed Global Renewable Energy Leader, Marsh Specialty
Global insurance broker Marsh announced the appointment of Michael Kolodner as Global Renewable Energy Leader, Marsh Specialty.
15 November 2022Zaffino to head AIG through 2027
American International Group (AIG) announced that AIG and Peter Zaffino, President & Chief Executive Officer and Chairman of the Board, have entered into an agreement securing Zaffino's employment through November 10, 2027.
15 November 2022GREECE: Marianna Politopoulou to leave NN Group
Marianna Politopoulou, Chief Executive Officer (CEO) of NN Hellas, has decided to leave NN Group as of 30 November 2022, to pursue opportunities outside the company. "Marianna's successor will be announced in due course", as NN Group representatives informed in a statement.
15 November 2022Munich Re, Q3 2022: solid quarterly result of EUR 527 million impacted by high NatCat losses; annual guidance confirmed
Munich Re achieved a profit of EUR 1,903 million in the first three quarters of 2022, by 7.6% lower y-o-y, high major-loss expenditure in property-casualty reinsurance and strong performance in life and health business being the major impact factors, as well as a robust increase in reinvestment yield.
10 November 2022Guy Carpenter launches MetaRisk® Live to enable real-time reinsurance strategy optimization
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, announced the launch of MetaRisk® Live, a new tool that supports the structuring and optimization of reinsurance strategies in real time.
10 November 2022STATISTICS: Estonian insurers' business exceeds EUR 400 million at the end of September
Estonian insurers reported January-September 2022 aggregate GWP worth EUR 405.77 million, 13.08% more y-o-y or ~EUR 47 million in absolute value, according to the market figures published by the Estonian National Statistics Board. Total paid claims by local insurers increased by 7.40% y-o-y to EUR 288.82 million.
10 November 2022STATISTICS: Lithuanian insurers posted double-digit increase in 9 months aggregate GWP
The insurance market of Lithuania totaled EUR 905.83 million at end-September 2022, up by 19.14% y-o-y, according to the quarterly market figures published on the Central Bank's website. During the analyzed period, Lithuanian insurers paid claims and indemnities worth EUR 501.22 million, up by 28% y-o-y.
10 November 2022AZERBAIJAN: PASHA Life Insurance maintains its leading position in the market
PASHA Life Insurance, maintained its leading positions in the insurance market in general and growth trends in the third quarter of this year. The company's capital amounted to AZN 62 million, total assets - to AZN 519 million (~EUR 310.77 million), which is 30% more y-o-y, Trend reports.
10 November 2022GEORGIA: income tax of insurers in 1H was the lowest in the last few years
In the first half of 2022, net profit of the Georgian insurance sector amounted to GEL 10.3 million (~EUR 3.30 million), which is 42% less than a year earlier in the same period, Business Georgia wrote.
10 November 2022KAZAKHSTAN: insurance sector's assets grew by 10% over 9 months
The assets of insurance (reinsurance) companies in Kazakhstan increased slightly by 0.03% to KZT 2 trillion (~EUR 4.3 billion) by the end of September, or of 10.3% since the beginning of 2022, mainly due to an increase in income from insurance activities, Allinsurance.kz
reports quoting the supervising authority.
10 November 2022Susan NEELY named President of GFIA, along with new appointments to executive committee
The Global Federation of Insurance Associations (GFIA) has elected Susan NEELY as its new president, and made new appointments to its executive committee, during its general assembly.
10 November 2022Generali announced distribution agreement with Portugal's postal services group
Generali's Portuguese entity Tranquilidade has entered into a long-term distribution agreement established with CTT Group (the Portuguese postal services group) for the distribution of Life and P&C policies through the CTT Group network (post office network, as well as its bank, Banco CTT).
9 November 2022VIG applies for listing on the Budapest Stock Exchange
Austrian VIG informed it has applied for listing of its shares on the Budapest Stock Exchange. The shares of VIG (ISIN AT0000908504) have been listed on the Vienna Stock Exchange since 1994 and on the Prague Stock Exchange since 2008.
9 November 2022Environmental and cyber risks overshadowed by short-term economic concerns for G20 business leaders
Rapid inflation, debt crises and the cost of living crisis are the biggest threats to doing business over the next two years in G20 countries, while - environmental issues were pushed far down on the short-term agendas of many business leaders, new data from the World Economic Forum show.
9 November 2022UNILINK takes over the Czech broker INSIA
Czech insurance broker INSIA becomes part of the Polish UNILINK group, as INSIA informed here. According to the statement, UNILINK Group has acquired 80% of INSIA from Marsh.
8 November 2022UNILINK takes over the Czech broker INSIA
Czech insurance broker INSIA becomes part of the Polish UNILINK group, as INSIA informed here. According to the statement, UNILINK Group has acquired 80% of INSIA from Marsh.
8 November 2022Talanx announced the expansion of its activities in core market Turkiye
Talanx Group announced is strengthening its position in Turkiye, its core market, through a cooperation agreement with Fiba Group, one of Turkiye's largest corporate groups.
8 November 2022Paola Bergamaschi to join AIG Board effective December 1, 2022
AIG - American International Group - announced that the Board of Directors has elected Paola Bergamaschi as a director of the company, effective December 1, 2022.
8 November 2022MONTENEGRO: Lovcen Osiguranje's net profit for 9M rose 134%
Montenegrin insurer Lovcen Osiguranje reported a net profit of EUR 1.44 million in the first nine months of 2022, up 134% y-o-y, SeeNews reported.
8 November 2022LATVIA: private health insurance still makes a very small part of the market
According to the Association of Latvian Insurers (LAA), a gradual increase in interest in private individual health insurance was observed during Covid-19. The head of the association Janis ABASINS noted that the war and insecure situation in the region could further increase interest in the near future, lsm.lv reports.
8 November 2022
