After more than 3,500 market professionals in over 30 countries have benefitted from the reinsurance basic course started last year by CCR Re, this year the reinsurer continues, starting 15 March, with a new series of tutorials.

S&P Global Ratings said on 7 March 2022 that it has taken negative rating actions on its rated Russian insurers, reflecting the agency's view of the heightened likelihood of financial and business vulnerability caused by rapidly escalating geopolitical and economic risks in Russia and follow the lowering of the Russian sovereign rating to CCC-.

For the many insurers headquartered outside Russia that have exposure to the country, their exposure is small enough and their capital strong enough for them to avoid a deterioration in credit quality, S&P Global Ratings said in a bulletin released on March 4.

The Board of Directors of Assicurazioni Generali announced the co-optation of Alessia FALSARONE, Andrea SIRONI and Luisa TORCHIA as members of the Board.

In connection with the martial law throughout Ukraine, the National Bank (NBU) has extended the deadline for submitting annual reports by non-banking financial institutions for 2021 until March 31, 2022, Forinsurer said.

In 2021, the Sava Insurance Group generated EUR 732.7 million in operating revenue, up 7.6% year on year, according to unaudited results. "The after-tax profit of EUR 76.2 million is a remarkable 35.1% increase over the previous year and significantly better than planned", as the Slovene re/insurance group mentioned in a statement.

According to unaudited data, the Triglav Group increased its total revenue to EUR 1.46 billion in 2021 (10% growth compared to the previous year) and achieved EUR 132.6 million in profit before tax (46% growth compared to the previous year).

"Insurance Europe fully supports the need for a very strong focus on adaptation, as suggested by the IPCC in its latest report, Nicolas Jeanmart, Head Of Personal And General Insurance at Insurance Europe, said following the publication of the Intergovernmental Panel on Climate Change (IPCC) report Climate Change 2022: Impacts, Adaptation and Vulnerability.

At the end of 2021 the BiH insurance market totaled EUR 418.44 million (BAM 818.40 million), 8.19% more y-o-y, according to the YE 2021 market figures published by the local insurance agency - AZOBIH.

Kosovo insurers posted double digit increase in 2021 business, as official yea-end figures published on the website of the Central Bank showed. Overall, the aggregate value of GWP increased to EUR 119.23 million, up by 17.44% y-o-y from EUR 101.52 million at the end of December 2020.

Kosovo insurers reported FY2021 aggregate net profit of EUR 8.7 million, more than double as compared to a year earlier when the same indicator was EUR 4.1 million, Central Bank monthly figures showed.

Eurohold -the largest public Bulgarian holding and one of the largest financial and energy groups in Southeast Europe announced record results for 2021. "Eurohold Bulgaria AD, reached all-time highs in 2021, while the group's profitability increased significantly", as the financial holding informed in a statement.

French insurer AXA has reported a 6% rise y-o-y in FY 2021 revenue to EUR 99.93 billion, supported by growth on all operations.

Thus, in P&C, AXA has reported revenue expansion of 3% y-o-y to EUR 49.3 billion. In commercial lines, revenue increased by 5% to EUR 32.7 billion mainly driven by AXA XL (+3%), mostly from continued favorable price effects (+10%), while Personal lines revenues increased by 1% y-o-y to EUR 16.6 billion, with higher revenues in non-Motor LoBs.

Key to enabling inclusive insurance markets to grow in the CEET region is policy actions on the supply and demand side, is one of the findings of a recent survey jointly conducted by Access to Insurance Initiative (a2ii) and Insurance Supervision Agency of Slovenia among representatives of CEET insurance supervisory authorities.

MetLife announced that Siew CHOO SOH and Giovanni GENOVESI will join MetLife as Chief Information Officers (CIO) for Asia and Latin America, respectively.

Lloyd's of London announced the appointment of Sara GOMEZ as Chief People Officer (CPO) with immediate effect.

Lloyd's of London has announced that Des POTTER, formerly of Guy Carpenter has been appointed as a special advisor to Lloyd's CFO and COO Burkhard KEESE focused on enhancing Lloyd's capital framework and the instruments available to investors to support underwriting at Lloyd's.

Re/insurance broker Aon announced it has acquired actuarial software platform Tyche from technology and software firm RPC Tyche. "The transaction significantly expands Aon's existing capabilities to help re/insurer clients rethink access to capital and make better business decisions".

Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (Croatia osiguranje) reported total revenue of HRK 5.73 billion in 2021 (EUR 762 million), which is 20% more compared to the previous year. Consolidated earnings before interest, tax depreciation and amortisation (EBITDA) amount to HRK 1.02 billion, which is 5% less than the figure achieved in pre-pandemic 2019. Net earnings in 2021 amount to HRK 403 million.

Allianz SE announced that it would make available EUR 10 million to support humanitarian efforts in light of the invasion of Ukraine along with up to EUR 2.5 million to match employee donations.