For the period from January to May 2022, GWP of insurers amounted to AZN 426.63 million (EUR 234.41 million). At the same time, AZN 349.98 million or 82% were collected by 5 insurance companies, abc.az wrote.

Marsh McLennan announced the appointment of John Jones as Chief Marketing and Communications Officer and Pat Hagemann as Office of the COO Chief of Staff. The appointments are effective July 1.

The shareholders of Slovene re/insurance group Sava Re adopted at the Company's AGM the proposal of the management and supervisory boards to distribute a dividend of EUR 1.50 gross per share for 2021.

Euroins Insurance Group AD (EIG), part of urohold Bulgaria AD and a leading holding in Central, East and Southeast Europe (CESEE), reported record-breaking premium income and profit in 2021, shows the company's annual consolidated and audited financial statement for the period.

Eurohold Bulgaria, the majority owner of Electrohold and Euroins Insurance Group, received a Stable Outlook on its Long Term Issuer Default Rating, by Fitch Ratings, one of the three leading rating agencies worldwide.

In the first quarter of 2022, insurers received losses due to volatility in the foreign exchange market of Kazakhstan, Allinsurance.kz wrote with reference to Azamat KERIMBAYEV, Advisor to the Chairman of the Board of Freedom Insurance.

Zurich Insurance Group has agreed to sell its legacy traditional life insurance back book in Germany to Viridium Holding AG (Viridium), a leading specialist in the management of life insurance portfolios in Germany.

The annual meeting of Balkan Insurance Brokers took place in the city of Nis, Serbia on 3-5 June. Over 100 attendees from Balkan Insurance Brokers network in Bulgaria and Romania attended the reunion, as well as representatives of insurers Euroins and Uniqa from Bulgaria, and Euroins and Grawe from Romania.

One of the main causes of the Romanian MTPL market's leader CITY Insurance bankruptcy was the RON 1.2 billion deficit resulting from the sale of insurance policies below the notified tariff between 2018-2021, in order to increase market share, CITR, the judicial liquidator of City Insurance said today.

Jaime Anchustegui is confirmed Generali's CEO International, effective as of September 1st, 2022, while the Business Unit International extends its perimeter to the Eastern European countries and its overall organization will be articulated at a later time, the Italian insurer's Board of Directors decided today, along with several other changes in the Group's organizational structure.

Simon FOREMAN (1957-2022) trained as a reinsurance broker in Lloyd's of London and worked for the most reputable reinsurance brokerage firms (Jardines, Bain Clarckson, Bain Hogg, Aon, RFIB).

Estonian insurers posted aggregate business worth EUR 130.61 million in Q1 2022, or 9.97% more y-o-y, according to quarterly figures, published by the Estonian National Statistics Board.

At the end of March 2022, Latvian insurers' aggregate GWP (local and EU branches, summed-up) totaled EUR 252.67 million, up by 17.37% y-o-y, while the amount paid in claims and indemnities increased by 36.29% y-o-y to EUR 174.57 million, according to the quarterly figures published by The Financial and Capital Market Commission of Latvia (FKTK).

During Q1 2022, the Lithuanian insurance market grew by 17.13% y-o-y to EUR 292.02 million, while the value of payments expanded by more than 38% y-o-y to EUR 164.22 million, according to the market figures published by the Bank of Lithuania.

Insurers, funds and the capital market had to face volatility risks and asset depreciation as early as last year and in the first quarter of 2022, but were able to maintain their stability, portfolio.hu wrote based on the MNB's press release.

On May 19, 2022, S&P Global Ratings assigned ASIA Insurance a long-term local currency financial strength rating of B-, with a positive outlook. The rating action was performed after ASIA Insurance's transformation into Joint Stock Company "ASIA INSURANCE SUG'URTA KOMPANIYASI", on February 24, 2022.

Latvian insurers' aggregate end March 2022 net profits totaled EUR 2.82 million vs. EUR 10.40 million in Q1 2021, according to data presented by the Finance and Capital Market Commission (FKTK).

Property insurance remains the largest voluntary insurance class of all non-life classes in the North Macedonian market, followed, for the first time so far, by private health. The largest growth (180%) is in credit insurance, while travel insurance rose by 80% after lifting of anti-Covid restrictions, the ISA (Insurance Supervision Agency) said in its statement.

On June 16-17, 2022, in Dubrovnik, the Global Seminar of the International Association of Insurance Supervisors took place. It is one of the most important meetings of insurance supervisors, representatives of the insurance market and other stakeholders, which gathers about 350 participants from 70 countries and was held for the first time in Croatia.

According to the latest data compiled by the National Road Safety Council operating at the Ministry of Infrastructure, costs of all traffic accidents in Poland in 2021 amounted to PLN 39.3 billion (~EUR 8.56 billion*). The social costs of accidents in the country decreased by 31%, to PLN 17.3 billion compared to 2018, when it reached PLN 56.6 billion, Gazeta Ubezpieczeniowa reports.