AXA has completed the sale of its insurance operations in Greece and announced that it has completed the sale of its Life & Savings and Property & Casualty businesses in Greece to Generali, for a total cash consideration of EUR 167 million.

Allianz Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group - announced that Scott Sayce will join Allianz Global Corporate & Specialty (AGCS) as Global Head of Cyber, effective September 1, 2021.

Marsh McLennan (MMC) announced that Nick Studer has been appointed President and CEO of Oliver Wyman Group effective July 1, 2021. He will also become a Vice Chair of Marsh McLennan and join the company's Executive Committee.

Digitalization of the business sector of Azerbaijan and the products of insurance companies will contribute to the expansion of the segment of insurance products against cyber-attacks in the near future, insurance expert Ali Bayramov told Trend news agency.

Global broking business, Brokerslink, has further expanded its presence in the Balkan Peninsula with the addition of independent broker Advantis from Bosnia and Herzegovina to its global network.

Generali has opened a representative office in Brussels to study the activities of European Union institutions and strengthen EU public affairs activities. Specifically, the Group aims to best represent its business priorities while playing an increasingly active corporate citizenship role in order to contribute to sustainable recovery and the European Green Deal.

Aviva has appointed Adam Winslow as CEO, UK & Ireland General Insurance, with immediate effect. He replaces Colm Holmes who is leaving Aviva for an external opportunity.

The 25th Annual Reinsurance Conference was hold in Moscow on April 14-15 and has gathered together representatives of the re/insurance market. The presentations of the speakers are now available for those who want to review the discussions or have missed the event.

In Q1 2021, EUROHOLD Bulgaria AD, the largest Bulgarian public holding and one of the leading independent financial and insurance groups in the CEE/SEE/CIS region, reported revenues of approximately BGN 421 million (EUR 225.2 million), close to the 1Q 2020 level, right before the pandemics.

In 1Q2021, paid claims of the largest life insurer MetLife amounted to UAH 62.2 million (EUR 1.90 million*), which is almost a third more y-o-y. The largest share in the structure of the company's paid claims fell on survivor life insurance payments (32% of the total), Forinsurer reports.

In the first quarter of 2021, the number of complaints on MTPL recorded by the financial ombudsman was minimal, which, among other things, was influenced by the stimulation of customer focus of insurers, who did not find it profitable to bring disputes to the financial ombudsman, ASN reported with reference to the financial ombudsman's press-release.

The management team at VIG Holding (Vienna Insurance Group Holding) drew up the strategy programme for 2021-2025 in consultation with the Group company CEOs. This programme has now been launched, with three specific Group targets focusing on financial stability and profitability, customer proximity, sustainability and market growth.

New establishment of BMS, the independent specialist insurance and reinsurance broker, will be in Turkey. BMS Sigorta ve Reasurans Brokerligi A.S ("BMS Turkey") new unit will have the headquarter in Istanbul and leaders will report in London to Peregrine Towneley, Chairman of International Operations.

Jacques Burri, the former CEO of Peak Re AG and Head of Marketing & Production in Europe, and Emmanuel Thommen, the former Senior Vice President at Peak Re AG have retired. Matteo Cussigh took the role of CEO for its wholly-owned subsidiary Peak Reinsurance AG ("Peak Re AG"), and Head of Marketing & Production, Europe, Peak Re.

Allianz UK has elected Colm Holmes as the new CEO to succeed Jon Dye. After 8 years of leading, Jon Dye will be stepping down as CEO at the end of November 2021. Holmes, who currently serves as CEO of Aviva General Insurance, will take over the role.

Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that after 8 years with the company and over five decades of unparalleled success in the industry, John Charman will retire from Sompo International at the end of his current contract in April 2022.

The insurance risk is in an uncertain financial climate characterized by a long period of low interest rates. How the insurance sector copes with findings returns on high-risk investments and transferring investment risks to policyholders is one of the main topics of the 6th Annual International Conference.

Insurance Europe has published a paper that examines proposals made by the European Insurance and Occupational Pensions Authority (EIOPA) for a framework for open insurance, which focuses on access to and the sharing of insurance-related data.

9 & 10 June, 2021 are the days when the PensionsEurope annual conference "Adequate and Sustainable Pensions" will take place virtual and will bring together leading experts in pensions, as well as pension professionals and EU officials to discuss on the most relevant and topical issues in the pensions landscape.

In the first quarter of the year, the Lithuanian insurance market grew by almost 4% y-o-y to EUR 249 million, while the value of payments decreased by 12% y-o-y to EUR 119 million, according to figures published by the Bank of Lithuania.