AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" (Good) of Dunav-Re a.d.o. (Dunav-Re) (Serbia), a subsidiary of Dunav osiguranje a.d.o. (Dunav Insurance) (Serbia). The outlook of these Credit Ratings (ratings) is stable.

Swiss Re reported a Group net income of USD 1.0 billion and an ROE of 8.2% in the first half of 2021, with very strong performance in the property and casualty businesses amid diminishing COVID-19-related impacts. Excluding COVID-19-related losses, Swiss Re's net income was USD 1.7 billion, compared with USD 865 million in the same period of the prior year.

Re/insurance broker AON posted Q2 2021 total revenue of USD 2.9 billion, 16% more y-o-y "driven by 11% organic revenue growth, a 4% favorable impact from foreign currency translation, and a 1% favorable impact from acquisitions, divestitures, and other".

For the first half of 2021, GWP of the TAS Group (included in the TOP-3 leaders in life and non-life insurance in Ukraine) amounted to UAH 1,152.65 million (EUR 35.63 million*), which is 25.7% more y-o-y, Forinshurer said.

The National Bank of Tajikistan (NBT) did not renew the license of the insurance company Tojiksarmoyaguzor (according to data for 2020, it is one of the five leaders in the insurance market in terms of assets and charter capital).

GWP of Sberbank's subsidiary SberInsurance in the first half of 2021 amounted to RUB 11.6 billion (EUR 0.13 billion*), which is 26% more y-o-y. The company's net profit for the period increased by 3% - to RUB 3.8 billion, according to a press release from the company.

In the first half of 2021 the insurance market remained stable - although economic situation is very volatile, total GWP amount and paid claims remained at last year's level, as the Latvian Insurers' Association (LAA) reported last week.

For the first half of 2021 Croatian holding company Adris reported a consolidated net profit of HRK 54.2 million (~EUR 7.2 million), vs a net loss of HRK 45.4 million for the same period of 2020, SeeNews wrote.

Despite the pandemic challenges, insurance market remains stable, and growth has been observed in some insurance types since the beginning of the year.

Azerbaijani life insurance company Mega Hayat, which recently entered the domestic market, became a new member of AIA, Trend reported with reference to the AIA.

The leading life insurer in Azerbaijan, PASHA Life Insurance, published its financial statements for the second quarter of 2021. Financial indicators show that the company continues to maintain its leading positions in the insurance market, Trend said.

In the first half of 2021, tax payments of the insurance sector of Armenia to the state treasury increased by 45.3% y-o-y and reached AMD 1.5 billion (EUR 2.55 million*), of which AMD 1.4 billion are direct taxes (including income tax, profit tax), which is 50% more y-o-y, ArmInfo reports.

Polish non-life insurers Concordia Polska T.U.S.A. and Generali T.U.S.A. have merged on the 30th of July 2021, as Generali CEE Holding announced in a statement.

Belgium's KBC Group and the Netherlands-based NN Group finalised the agreement announced on 11 February 2021 for KBC's Bulgarian subsidiary, DZI - Life Insurance EAD, to acquire all the shares of NN Pension Insurance Company EAD and all the assets and liabilities of NN Insurance Co. Ltd. - Sofia Branch.

Allianz (China) Insurance Holding announces that Allianz Insurance Asset Management (Allianz China IAMC) has received approval from the China Banking and Insurance Regulatory Commission to be established as the first wholly foreign-owned insurance asset management company in China, with a registered capital of RMB 100 million, headquartered in Beijing.

American International Group announced that Sabra Purtill has been named Executive Vice President, Chief Risk Officer. Based in New York, she will report to President and Chief Executive Officer, Peter Zaffino, and will join the AIG Executive Leadership Team. Sabra Purtill has been serving as interim Chief Risk Officer for AIG since February 2021.

Equip Global will host the leading 4th Customer Experience Management for Insurance Summit from 26 - 29 October 2021 via Live Online. XPRIMM is a Media Partner of the event!

Digitalization in the insurance market has accelerated dramatically due to the pandemic, and projects that were planned to be launched in 2-3 years or more are being implemented as a priority.

In the first half of 2021, net profit of the Bosnian insurer Triglav Osiguranje (part of Slovenia's Triglav Group), increased by 5.6% y-o-y, to BAM 1.3 million (~EUR 665,000), SeeNews wrote.

In H1 2021, French reinsurer SCOR records a strong growth with gross premiums up 9.1%, strong profitability with a net income of EUR 380 million and a very strong solvency position of 245%, "demonstrating its ability to create value and its resilience", as the company mentioned in a statement.