Several proposals to expand the list of objects of agricultural insurance have been presented to the government of Azerbaijan, Trend wrote referring to the insurance expert Kamran BABAYEV.

Gallagher Re announced it has appointed Christian KREUTZER as Executive Director, joining the global reinsurance broking and advisory firm's Nordic management team with immediate effect.

Bringing more than 20 years' experience in international business, across both treaty and facultative reinsurance, Christian will play an essential part in supporting Gallagher Re's client servicing and growth commitment in the Nordic region. He will also lead and drive product innovation across the wider EMEA N/E region, and support clients in helping them identify and capitalize on new business opportunities.

French reinsurer SCOR announced that Jean Tuccella - Chief Underwriting Officer of Inherent Defects Insurance - has decided to retire, effective July 1^st. His position will be taken over by Jaume Avella Fluvia who will stay part-time at SCOR until the end of January 2023 to ensure a smooth transition.

Lloyd's - the world's leading insurance and reinsurance marketplace, confirmed the appointment of Bertrand Heugues as Chief Underwriting Officer (CUO) of Lloyd's Europe - responsible for overseeing the strategic direction for underwriting, delegated authority management, claims and reinsurance business.

Belgian financial group KBC announced that KBC Bank and Raiffeisen Bank International (RBI) completed the deal announced in November 2021 concerning the acquisition of 100% of the shares of Raiffeisen bank (Bulgaria) EAD, comprising RBI's Bulgarian banking operations.

At the end of March 2022, the Slovak insurance market totaled EUR 508 million, 15.5% less y-o-y, according to the Q1 2022 figures published by the National Bank of Slovakia (NBS).

The gross premiums written by the insurance companies in Romania, in Q1 2022, reached almost RON 4.66 billion lei (EUR 941.5 million), the highest quarterly value recorded in the history of the insurance market in Romania, increasing by 46% compared to similar period last year.

The Q1 2022 figures published by the Czech National Bank (CNB) show that the local insurance industry totaled about EUR 2.1 billion - CZK 51.4 billion, up by 15% y-o-y.

The assets of insurance companies have doubled over the past 5 years to KZT 1.8 trillion and reached 2.3% of GDP, which is associated with an increase in GWP, according to the Concept for the Development of the Financial Sector of Kazakhstan until 2030.

Generali has completed the acquisition of La Medicale from Credit Agricole Assurances, as well as the purchase from Predica of the death coverage portfolio marketed and managed by La Me dicale following all necessary approvals from the relevant regulatory and competition authorities.

WTW has appointed Frank Schepers to lead its Insurance Consulting & Technology (ICT) business. Based in Germany, Schepers will replace Alice Underwood who is retiring this year, and will join WTW's Risk & Broking segment leadership team. Schepers will take up his new role in the coming weeks, following a handover period with Underwood.

There is no evidence to say that insurers are particularly vulnerable to system-wide impacts from climate change. Systemic risk emanating from climate change is rather faced by society as a whole than insurers, Insurance Europe has responded to a consultation by the FSB on its consultative report on supervisory and regulatory approaches to climate-related risk.

One year after the flash flood Bernd that affected Germany between 13 and 17 July 2021, German insurers have already paid out EUR 5 billion of the EUR 8.5 billion in total damage (~ 75% of all insurance claims), despite many delays in reconstruction, the German Insurers' Association said in a post on its blog.

The Latvian branch of Mandatum Life Insurance Company Ltd. left LAA on July 1, 2022, because commercial activity of the Latvian branch of Mandatum Life was transferred to the Lithuanian insurance company INVL Life UADB, and its insurance contracts will be continued by the Latvian branch of INVL Life, according to the Latvian Insurers' Association (LAA).

Gallagher Re, the global reinsurance broker, announced the appointment of Antoine BAVANDI in the newly created role of Global Head of Public Sector, Parametric & Climate Resilience Solutions, effective immediately.

The Insurance Supervision Agency of Slovenia (AZN) has announced the 7th Annual International Conference entitled "Insurance between Scylla and Charybdis: Searching for the Right Direction". The event will be held on September 6^th, 2022, in Ljubljana, Slovenia.

The majority of the population is satisfied with the services provided by insurers and continues to trust them, according to this year's Insurance Trust Index (BIBIX) survey, explained the Association of Hungarian Insurers (MABISZ), portfolio.hu wrote.

In the first half of 2022 the Polish market saw the largest reduction in MTPL prices since 2018. The average premium decreased by as much as 14.8% y-o-y to PLN 524 (EUR 111.72*). The average MTPL price is now 3% lower than the rate in the first half of 2016, Gazeta Ubezpieczeniowa reports.

As the instability and distortions that come with protracted high inflation could have a negative impact on the growth of insurance markets and insurance penetration, the annual meeting of the Geneva Association Economic Forum (GAEF) addressed the issues, looking at the emerging economic trends and solutions to support the industry's development.

The merger of ASA and Central Insurance, both domestic and fast-growing insurance companies, will result in a leading position on the Bosnian insurance market for ASA Central Osiguranje, the insurer said.