Global re/insurance broker AON announced that its Q3 2022 total revenue was flat at USD 2.7 billion compared to the prior year period, while net income increased to USD 408 million compared to a net loss of USD-900 million in the prior year period.

After the successful launch of the latest XPRIMM reports in Monte Carlo and Baden Baden, the online version of the publications is available on www.xprimm.com, or directly in the XPRIMM flip library:

According to the press service of the Parliamentary Assembly of the Union State of Belarus and Russia, it is planned to introduce a single compulsory motor third party liability insurance policy in the Union State by mid-2023, BELTA reports.

Motor Hull prices are on the rise, according to insurance providers, in addition to general inflation, the increase in claims is behind this rise, reaching pre-pandemic levels, err.ee reports.

Although the summer of 2022 was the third warmest on record since 1924, the largest crop insurance claims from farmers were for rain and storm damage, mostly veld, rather than drought damage.

The delegation of the Insurance Supervision Agency of Montenegro, led by the President of the Council, Uros Andrijasevic, visited Vienna to participate in the meeting of insurance regulators of the CESEE region (Central, Eastern and Southeastern Europe), the agency said on its website.

In 2021, drivers of vehicles with foreign registration numbers caused 12.8 thousand accidents and collisions, according to the data of the Polish Motor Insurers' Bureau (PBUK). This was almost at the same level as a year before, but nearly a quarter less than two years ago, Gazeta Ubezpieczeniowa reports.

Insurance Europe has published a set of key messages regarding the repeal of the EU's Directive on Distance Marketing of Consumer Financial Services (DMD), pleasing for transferring its remaining provisions to more recent sector-specific EU legislation, such as the Insurance Distribution Directive.

The XIVth edition of the International Istanbul Insurance Conference will take place on 8 - 9 November 2022 in a virtual format, this year's main topic being "Global Changes and Their Impact on (Re)Insurance Market and Supply Chain".

"The European market continues to deliver strong results over the cycle, and to differentiate itself within the global (re)insurance landscape," Guy Carpenter's Massimo Reina, CEO, Europe said in hiss opening address at the Baden-Baden Reinsurance Symposium hosted by the company on October 23.

The volume of taxes in the insurance sector of Armenia in January-September 2022 amounted to AMD 1.3 billion (~EUR 3.30 million) which is 36.1% lower than a year ago. Of this amount, AMD 1.1 billion fell on direct taxes, with an annual decrease of 39.7%, according to the data of the State Revenue Committee of the Republic of Armenia, ArmInfo wrote.

In January-August 2022, the insurance market of Uzbekistan reached UZS 3,701.6 billion (~EUR 0.34 billion), the State Committee of the Republic of Uzbekistan on Statistics reported.

Slovene insurer Zavarovalnica Triglav announced the appointment of Blaz Jakic as new Management Board Member for a five-year term of office.

Global reinsurer Swiss Re estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, resulting in an expected Group net loss of approximately USD 0.5 billion for the third quarter of 2022.

E+S Ruckversicherung AG, the Hannover Re subsidiary responsible for the Group's German business, expects significant improvements in risk-adjusted prices and conditions in property and casualty reinsurance on the back of continued heavy claims expenditure and soaring inflation.

AXA announced that AXA Spain has entered into exclusive negotiations with Groupe des Assurances du Credit Mutuel (GACM SA) for the potential acquisition of its subsidiary Groupe Assurances du Credit Mutuel Espana (GACM Espana), a predominantly P&C and Health insurer in Spain.

Credit insurer Allianz Trade announced that Aylin Somersan Coqui, currently Group Chief Risk Officer of Allianz SE, will become CEO and Chairperson of the Board of Management of Allianz Trade. This change is subject to regulatory approval, and follows the departure of Clarisse Kopff, who has decided to pursue a new leadership role outside of Allianz as of November 30, 2022.

The Supervisory Board of Munich Re has appointed Thomas Blunck as the Chair of the Reinsurance Committee of the Group's Board of Management with effect from 1 January 2023. He will succeed Torsten Jeworrek, who will step down from the Board of Management of Munich Re on 31 December 2022 at his own request.

Global reinsurance specialist Guy Carpenter part of MMC-Marsh McLennan announced that it has expanded its capabilities in the delegated authority arena, with its GC Access team gaining three new hires and forming a new collaboration with Guy Carpenter's Ratings Advisory Service.

German reinsurer Munich Re anticipates a quarterly profit of about EUR 0.5 billion, despite in Q3 2022 the company registered higher-than-average major-loss expenditure in property-casualty reinsurance.