NN Group announces that Kuldeep Kaushik will be appointed as CEO of NN in Romania, effective 1 November 2021, subject to regulatory approval and work authorization. Kuldeep takes over from Gerke Witteveen, Chief Financial Officer of NN in Romania, who has held the interim CEO role for the past period.

In Q1 2021, Romanians chose the protection offered by life insurance more than they did in any of the similar periods in the last five years. Thus, gross written premiums for this segment went up by 11.6% y-o-y, exceeding RON 688 million (~EUR 139.8) million.

Swiss Re Corporate Solutions appointed Marilyn Blattner-Hoyle as Global Head Trade Finance in its Global Credit & Surety unit, effective 18 August 2021.

Global insurer AXA has announced in a statement AXA's Board of Directors decided to propose the renewal of Thomas Buberl's mandate as a member of AXA's Board of Directors and Group Chief Executive Officer.

French insurance group AXA posted H1 2021 gross revenues of EUR 54 billion, up by 7% vs. H1 2020 a 101% increase in underlying earnings to EUR 3.6 billion and a rise in net income to EUR 4 billion (+191%).

Scientists are observing changes in the Earth's climate in every region and across the whole climate system, the latest Intergovernmental Panel on Climate Change (IPCC) Report, released on 9 August, shows. "Climate change is already affecting every region on Earth, in multiple ways," said IPCC Working Group I Co-Chair Panmao Zhai.

Insurity, a leading provider of cloud-based software for insurance carriers, brokers, and MGAs, announced its new Wildfire Threat Analysis solution that will help insurers proactively manage and respond to wildfires in near real time by providing users updates on wildfire perimeters every 15 to 30 minutes.

In the first half-year of 2021, German group's Allianz consolidated operating profit grew by 36.7% to EUR 6.7 billion, driven by all business segments. Property-Casualty recorded a higher underwriting result while an improved investment margin led to an increase in our Life/Health business operating profit.

Global re/insurance broker AON announced that Tasha Barbour has joined the Managed Care team of Aon's Reinsurance Solutions in the United States.

The insurance sector ended the first half of 2021 with an impressive 11.31% y-o-y growth (in local currency), with GWP reaching AZN 452.37 million (EUR 223.55 million), according to data released by the Central Bank of Azerbaijan.

The 17 CEE insurance markets have closed the Q1 2021 with aggregate GWP of EUR 10.34 billion, up by 4.66% y-o-y. Only four insurance markets posted negative dynamics, the others closing the quarter "in black", according to the data collected and centralized by xprimm.com from local insurance markets authorities and associations

The insurance market of Cyprus totaled EUR 243 million at the end of Q1 2021, up by 0.5% y-o-y, according to Insurance Association of Cyprus - IAC's data. GWP from non-life insurance lines totaled EUR 131.8 million (down by -3% y-o-y), while the life insurance segment generated premiums of EUR 110.9 million, or 5% more y-o-y.

The insurance market in Kyrgyzstan at the end of 1H2021 amounted to KGS 780.20 million (EUR 7.74 million), almost twice exceeding the result of the first half of 2020 in local currency (+92.44%), as the data published by the State Service of regulation and supervision of the financial market at the government of the Kyrgyz Republic shows.

Kazakhstani insurers ended the first half of 2021 with an increase of almost 53% y-o-y (in local currency), GWP reaching KZT 428.61 billion (EUR 841.46 million). The market driver was life insurance, annual growth of which exceeded 130% at the end of June, according to data published by the National Bank.

In Q1 2021, the Romanian insurance market totaled RON 3.19 billion (EUR 648.7 million), increasing by approximately 8.2% y-o-y, according to the quarterly report published by ASF - Financial Supervisory Authority, wrote 1asig.ro here.

Willis Towers Watson, a leading global advisory, broking and solutions company, has announced financial results for the second quarter ended June 30, 2021, according to which the company's total revenue increased 8% to USD 2.3 billion, said the company in its press-release.

Generali reported operating result of EUR 3 billion (+10.4%), which grew thanks to the positive performance of the Life, Asset Management and Holding and other business segments, the group said in its press-release.

Moody's Corporation announced it has entered into a definitive agreement to acquire RMS, a leading global provider of climate and natural disaster risk modeling and analytics, for approx. USD 2.0 billion. The acquisition will increase Moody's insurance data and analytics business to nearly USD 500 million in revenue.

In 2020, insurers member of UNSAR (the National Union of Insurance and Reinsurance Companies in Romania) paid aggregate claims of over RON 11 million (~EUR 2.2 million) for the 50 largest claims related to home insurance - up by 16% compared with from 2019, two thirds of these claims being caused by fires, according to data published by the association, 1asig.ro informed here.

The shareholders of EUROINS Romania commit to further invest in the Romanian insurance market as the company announces another round of capital increase worth over RON 120 million, after two other recent successive capital increases worth over RON 126 million.