French reinsurer SCOR informed that rating agency Moody's affirmed the Group's insurance Financial Strength Rating of 'Aa3' and to raise the outlook to 'stable'.

Reinsurer VIG Re announced its Supervisory Board unanimously elected Stephan Wirz as a member of the Board of Directors with effect of May 1, 2021 on its meeting of April 22, 2021.

Re/insurance broker AON reported Q1 2021 revenue of USD 3.52 billion, an increase of almost 10% compared to the prior year period.

Anja Kaefer-Rohrbach becomes the new Deputy General Manager at the German Insurance Association (GDV). In the future, she will be responsible for the competence center for risk protection for society and the economy.

At the Annual General Meeting (AGM) of Munich Re, Carinne Knoche-Brouillon has been newly elected to the Supervisory Board of Munich Re. She is a member of management at C. H. Boehringer Sohn AG & Co. KG.

Willis Towers Watson, a global advisory, broking and solutions company, announced financial results for Q1 2021, with total revenue up by 5%, to USD 2.6 billion, constant currency growth of 1% and organic growth of 4%. Income from Operations was USD 452 million, while Adjusted Operating Income was USD 579 million.

Chubb and Marsh announced a collaboration with the World Health Organization (WHO) and Gavi, the Vaccine Alliance (Gavi), to secure insurance coverage for the COVAX No-Fault Compensation Program for 92 low- and middle-income countries. The Program is the first and only vaccine injury compensation mechanism operating on an international scale.

CCN Group has achieved solid performance during first quarter 2021 with an increase of 8%, mostly driven by the Workers Compensation/Accident business segment, which saw an eminent double digit growth compared with first quarter 2020. CCN intensified its digital transformation process to deliver value to all stakeholders.

At the Annual General Meeting was established that for 2020 financial year, Munich Re will a dividend of EUR9.80 per share, the same as in 2019. The overall dividend payout amounts to about EUR 1.37 billion.

In first quarter 2021, SCOR has demonstrated its shock-absorbing capacity and continued the growth. It has recorded a net income of EUR 45 million and delivered a very high solvency of 232%, which reflects all expected future Covid-19 impacts, above the optimal solvency range of 185% to 220% defined in "Quantum Leap".

SCOR will reduce the carbon intensity of its corporate bonds and listed equities portfolio by 27% till 2025 in order to become Net-Zero on investments by 2050 as its public pledge. The target was set in accordance with the Inaugural 2025 Target Setting Protocol developed by the Net-Zero Asset Owner Alliance.

The 23 global reinsurers included in the Aon's Reinsurance Aggregate (ARA) reported a pre-tax profit of USD 6.9 billion in 2020, around a third of the level seen in 2019, driven by a P&C underwriting loss of USD 5.9 billion and a 23% reduction in the overall investment result to USD 27.6 billion.

The Kyiv-based EUROINS Ukraine insurance company for the first three months of 2021 generated UAH 165 million (EUR 5.05 million*) of GWP, which is 88% more y-o-y, as Open4Business informs.

SBERBANK Insurance renewed its obligatory reinsurance treaty for liability risks, the capacity of which almost doubled to RUB 1.8 billion (~EUR 19.89 million*), thereby becoming the largest in this type on the insurance market, the insurer said.

In 2020, total GWP of the Belarusian insurance market amounted to BYN 1,510.2 million (EUR 476.70 million), which is 7.61% more y-o-y in BYN. At the same time, total number of insurance contracts decreased by 16.5%, according to the data published by the Ministry of Finance of the Republic.

According to the EKsL statistics (Association of Estonian Insurance Companies), last year, local insurers settled about 30 thousand home insurance claims, about one third of them being caused by pipe leaks.

The Turkish insurance industry is covered by different pieces of legislation which need to be unified in a single law, Fahri ALTINGOZ, Chairman of the Turkish Insurance Practitioners Association stated. Insurance companies are now waiting for the government to draw up the unified insurance act.

According to a regular report conducted by CAP (the Czech Insurance Association) on COVID-19 impact on member insurance companies, about three quarters of employees in insurance companies work remotely.

Following the Covid lockdowns during the year, the number of motor insurance claims settled by the British insurers in 2020 fell by 19%, according to the ABI (Association of British Insurers) data. Total claims paid also fell, but at a much lower rate, of 6%.

The National Bank of Ukraine (NBU), as a regulator of the insurance market, began to apply measures to the market participants due to their failure to meet the capital adequacy and solvency standards.