German insurer Allianz informed Lauren Day will be new Global Head of Communications and Reputation as of August 1, 2021, replacing Sabia Schwarzer who has decided to leave the company.

Insurance Europe supports EIOPA's proposed approach of implementing an immediate switch from IBOR-based to OIS-based risk-free rate curves subject to appropriate liquidity and proximity preconditions, the federation affirmed in its response to the EIOPA consultation.

EU Health Data Space (EHDS), the European framework on the access and exchange of personal health data should establish a set of EU rules that benefit consumers and ensure a true level playing field between the organizations sharing and accessing data, Insurance Europe stated today in its response to the European Commission consultation.

This year's hot summer has had its impact on the nation's insurers, some of whom have reported a rise in claims over damages not only relating to storms, but also directly and indirectly to hot weather in general, including traffic accidents and damage to personal items cause by the heat, Estonian ERR information websites reports.

Compensa TU SA Vienna Insurance Group, one of the Polish subsidiaries of the Austrian group, in cooperation with the Road Safety Center is currently organizing the third edition of the Safe Highway social campaign, an action that, apart from safe driving on highways and expressways, places emphasis on the health aspect of drivers

"Our first half year performance, showed solid resilience and further improved compared with 1H'20 and also compared with 1Q2021," states a recently released communication of the CCN Group mentioning "good underlying business activities and stable income and cash-flow" as well as "intensified digital transformation process" as success factors.

Re/insurance broker Marsh McLennan (MMC) posted aggregate Q2 2021 revenue of USD 5 billion, an increase of 20% compared with the second quarter of 2020. Operating income was USD 1.2 billion, an increase of 39% from the prior year. For the six months ended June 30, 2021, consolidated revenue was USD 10.1 billion, an increase of 14% compared to the prior period, while operating income was USD 2.6 billion, an increase of 32% from the prior year period.

Global commercial insurance prices increased 15% in the second quarter of 2021, according to the Global Insurance Market Index released by re/insurance broker Marsh.

Bulgarian financial holding urohold has officially completed the acquisition of seven subsidiaries of Czech energy group CEZ in Bulgaria for EUR 335 million.

According to the Submission of Announcement of Convocation of the 50th General Assembly of CROATIA osiguranje d.d. which is to be held on September 9th 2021, published on the Croatian Stock Exchange website, Zoran Borac will be elected as Member of the Supervisory Board.

According to the 2020 results, the leading online magazine "Global Banking & Finance Review" selected KAFIL SUG'URTA as the winner in the nomination "Fastest Growing General Insurance Company Uzbekistan 2021", the insurer reports.

Payments of MTIBU (Motor (Transport) Insurance Bureau of Ukraine) for January-June 2021 from the Victim Protection Fund of the Bureau amounted to UAH 141.7 million (~EUR 32.34 million*). Compared to the same period in 2020, the number of payments increased by 18.6%, while the amount increased by 36%, the Bureau reports.

The equity capital of insurance organizations in Tajikistan from June 2020 to June 2021 increased by 90%. At the same time, their total charter capital at the end of June 2021 reached TJS 232.6 million (EUR 17.28 million*), ASIA-Plus wrote according to the press service of the National Bank of Tajikistan (NBT).

MetLife (now Sovcombank Life) at the beginning of the pandemic within two weeks transferred 95% of its employees to a remote work format for business continuity and maintaining high quality of service, said Goncharova Zhanna, President of Sovcombank Life, in an interview for "Strakhovanie segonya".

Global re/insurance brokerage firm Aon plc announced the extension of employment agreements for Aon CEO Greg Case and Aon CFO Christa Davies for an additional three years, through April 1, 2026. More information is available in the firm's 8-K, filed today with the U.S. Securities and Exchange Commission, here.

Lloyd's announced the appointment of Mark Sedwill, Baron Sedwill of Sherborne KCMG FRGS, to Lloyd's Council and his election to the role of Senior Independent Director and Deputy Chair of Lloyd's, succeeding Andy Haste.

Lloyd's announced the appointment of Vicky Carter as Deputy Chair of Lloyd's, effective 1 September 2021. Vicky Carter has sat as an elected member of Lloyd's Council since February 2019 and has worked for the Lloyd's market for 40 years.

Polish largest insurer PZU SA announced the Company's Supervisory Board appointed Krzysztof Kozlowski to the company's Management Board, entrusting him with the function of a management board member. The resolution comes into force at the time of its adoption.

Aon and Willis Towers Watson announced today that the firms have agreed to terminate their business combination agreement, thus putting an end to one of biggest acquisition plans in course, that would have created the largest global player.

German insurance group Allianz announced effective July 1, 2021, a new division for Global Commercial insurance was established under Chris Townsend, Member of the Allianz SE Board of Management responsible for Global Insurance Lines & Anglo Markets, Reinsurance, Middle East and Africa.