Re/insurance broker AON announced that the facultative reinsurance broking team within Aon's Singapore Broking Centre and Reinsurance Solutions' APAC facultative team have combined to create a united facultative reinsurance broking team to serve Aon's clients in the Asia Pacific region. The newly combined team is part of Aon's Reinsurance Solutions.

Swiss Re expects insurance market premium growth to continue, driven by increased exposures, risk awareness and evolving client needs.

MetLife announced that Michael ROBERTS will join the company as Executive Vice President and Chief Marketing Officer, effective Nov. 2, 2021, and subject to necessary approvals. He will report to President and Chief Executive Officer Michel KHALAF.

According to a report published today by the global insurance broker Marsh part of MMC, in collaboration with Microsoft, international law firm CMS, and Kivu, a global cyber security firm, malicious cyber events accounted for 80% of cyber claims made in Continental Europe last year, up from 70% in 2019.

Loyd's of London re/insurance marketplace posted H1 2021 GGWP of GBP 20.5 billion (vs. GBP 20.0 billion) "due to an increase in premium rates, high customer retention and new growth for the first time in four years".

European Bank for Reconstruction and Development (EBRD) and Eurohold, owner of Euroins Insurance Group - a regional player operating on 13 CEE and CIS countries, have signed an agreement by which EBRD aims to take over a minority stake in Euroins insurance operations.

American International Group announced that Peter Zaffino, President & Chief Executive Officer, will assume the additional role of Chairman of the Board of Directors, effective January 1, 2022. As previously announced, Brian Duperreault, currently Executive Chairman, will retire from the Board of Directors at year end 2021.

After 25 years with SCOR, Sylvie Van Viet will retire in the first quarter of 2022, as the French reinsurer announced in a press release.

Global P&C premiums are expected to more than double to USD 4.3 trillion in 2040 from USD 1.8 trillion in 2020, as the P&C portfolio composition is expected to shift from lower-risk motor insurance towards higher-risk property and liability lines, according to Swiss Re Institute's sigma study.

At the annual Investor Day taking place on September 8th, SCOR's Executive Committee, led by Laurent Rousseau, Chief Executive Officer, have presented an overview of the extension of the Group's "Quantum Leap" strategic plan, which will run until the end of 2022.

Oneglobal Broking continues its expansion with the appointment of Matthew Warren as CEO of Oneglobal Middle East and will operate from Dubai International Financial Centre, Dubai, UAE and and will report directly to Oneglobal's Group CEO, Mike Reynolds.

Insurance Europe - alongside several other financial sector associations - raised serious concerns in response to a consultation conducted by the European Commission on planned changes to the Packaged Retail and Insurance-based Investment Products (PRIIPs) framework.

Insurance Europe has published its response to a consultation by the European Securities and Markets Authority (ESMA) on its call for advice on digital finance, which focused on the fragmentation and non-integration of value chains, digital platforms and the risks of mixed activity groups.

International General Insurance Holdings Ltd. ("IGI" or the "Company") (NASDAQ: IGIC) today announced the appointment of Manpreet Kaur Gill to the role of Asia Pacific Financial and Professional Lines Underwriter of IGI Labuan. Manpreet will be based in the Company's Kuala Lumpur office.

Reinsurance broker Guy Carpenter (GC) part of Marsh McLennan (MMC) announced the appointment of Quentin Perrot as Managing Director, GC Securities, with immediate effect.

Half year premiums underwritten by Greek insurers members of Hellenic Association of Insurance Companies (HAIC) totaled EUR 2.13 billion, 9.4% more y-o-y according to end-June 2021 preliminary figures.

For the period from June 30, 2020 to June 30, 2021, total assets of Russian insurers increased by 13.7% and amounted to RUB 4.1 trillion (EUR 47.39 billion*), ASN reports with reference to the data of the Bank of Russia. At the same time, return on insurers' assets decreased to 5.6% from 8.1% a year earlier.

In 2Q, paid claims in Motor Hull and MTPL saw growth faster than premiums, which led to an increase in the combined loss ratio of motor insurance. At the same time, both segments remain profitable, ASN reports based on a survey of key performance indicators of insurers, prepared by the Bank of Russia.

In the first half of 2021, GWP in the travel insurance segment in Armenia increased by 70% (vs a decline of 46.4% a year earlier), reaching AMD 235.9 million (EUR 0.4 million*), ArmInfo reports.

Consequences of water accidents caused almost half of all property accidents reported to insurers - last year about 45% of all insurance events were caused by problems with water supply, sewerage, and heating pipes, according to the Latvian Insurers Association (LAA). In turn, water accidents accounted for only about 25% of paid claim amount.