RECREX, an Insurance Services Company with a strong focus on TPA servicers, has announced it is moving its headquarters in Spain and, after successfully entering this year Turkey and Croatia, further expands by entering new markets and preparing its listing on the stock exchange.

Insurance Europe has published its opinion to a consultation by the European Commission (EC) on the draft delegated regulation on Article 8 of the Taxonomy Regulation on entity level disclosures for undertakings under the scope of the Corporate Sustainability Reporting Directive (CSRD).

Insurance Europe appreciates the opportunity to provide their comments on the draft and they support the proposal, especially:

Bulgarian financial holding Eurohold, the owner of Euroins Insurance Group, announced it stars the process of its capital increase by up to EUR 100 million through a public offering of new shares.

Dutch insurer AEGON announced on the Annual General Meeting (AGM) the of Shareholders approved all resolutions on the agenda. These include adoption of the Annual Accounts for the financial year 2020 and a final dividend for 2020 of EUR 0.06 per common share, bringing Aegon's total dividend for 2020 to EUR 0.12 per common share.

In the first quarter of 2021, the insurance market of Uzbekistan grew by more than 33% y-o-y in local currency, to UZS 669.36 billion (EUR 54.44 million), according to the data published by the Ministry of Finance of the Republic.

In the first three months of 2021, the insurance market in Moldova expanded by almost 15% y-o-y in local currency to MDL 389.65 million (EUR 18.44 million).

Last year, the insurance industry of Cyprus totaled EUR 917 million, up by almost 3% y-o-y, according to end-year preliminary market figures published on the IAC website - the local professional association.

Non-life GWP reported subunit decrease (-0.7% y-o-y) to EUR 507 million, while the life segment accelerated by 7.5%% y-o-y, totaling ~EUR 410 million.

In terms of profitability, the life insurance market reported a gross underwriting profit of EUR 27.43 million vs. EUR 42.82 million in 2019, while the net underwriting profit was EUR 21.66 million. The underwriting result in non-life insurance increased to EUR 44.65 million vs. EUR 24.42 million in 2019.

In 2020, the regional insurance market of CIS declined (in European currency) by about 21% * y-o-y to EUR 20.69 billion, according to xprimm statistics.

Bosnian insurers reported aggregate Q1 GWP of BAM 192 million (~EUR 98.2 million), according to the most recent market data published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.

FBiH insurers have provided for almost 70.5% of the total GWP (EUR 69.3 million) vs. EUR 28.9 million - insurers domiciled in Srpska Republic.

The 17 insurance markets of the CEE region have ended the year 2020 with aggregated GWP of EUR 37.45 billion, less by 4.27% y-o-y. Yet, it is worth noting that five markets have recorded a positive dynamic in premiums terms.

In the first four months of 2021 premiums from compulsory state social insurance and insurance against unemployment kept positive dynamics in receipts to the state budget of Azerbaijan - 112.6% and 111.4% respectively, as Trend reports referring to the publication of the Minister of Economy of Azerbaijan Mikayil JABBAROV.

MTPL insurers of Ukraine in the first quarter of 2021 settled over 40 thousand insurance claims. The number of MTPL contracts concluded during this period reached 1.9 million units, which is 7.7% more y-o-y, according to the MTIBU's press release (Motor (Transport) Insurance Bureau of Ukraine).

SBERBANK insurance has insured the buildings and property of the State Kremlin Palace for a total amount of RUB 8 billion (~EUR 89.5 million*), the insurer said in its press-release.

SCOR has named Olivier Gay as Chief Executive Officer for SCOR Canada Reinsurance Company, succeeding Paul Christoff, effective June 11, 2021. He will continue to serve as Chief Underwriting Officer for SCOR Canada and will report to John Jenkins, CEO of Reinsurance Operations for the Americas.

Starting with June 2021, Mihaela Stroia takes over the position of CEO - President of the UNIQA Life Insurance Directorate. The next period brings also a series of important changes, which support the transformation and development of the activity of the UNIQA Group at international level, but also locally.

Guy Carpenter & Company, LLC, announced the appointment of David Arthur as Head Actuary of its UK Non-Specialty business which encompasses Global Casualty, Accident & Health, UK Property and UK Motor, effective October 2021. He will report to Richard Rodriguez, Head of Analytics and Advisory, UK and Global Specialties, Guy Carpenter.

Insurance Europe's general assembly has unanimously voted to extend the mandate of Andreas Brandstetter as president for a further three years. At the same time, the assembly elected Sandro Panizza, group chief insurance & investment officer at Generali Group, as vice president of Insurance Europe.

The complaint filed by Covea against Denis Kessler, Chairman and CEO of SCOR is not supported by the French Financial markets authority (AMF) which informed the French Financial prosecution office that the information it has gathered does not support the serious charges of market abuse.

Euroins Romania Asigurare Reasigurare S.A announces the completion of the financial audit for 2020 and the first results of Q1 2021, which reflects the repositioning of the company, the appointment of a new general manager and the improvement of risk management.

Insurance Europe has published its 2020-21 Annual Report and the topics covered include the lessons learned from the COVID-19 pandemic; the need to enhance climate change adaptation and close protection gaps; ways to ensure citizens have enough income in retirement; and how policymakers can support insurers in their role as Europe's largest long-term institutional investors.