Teodor UNGUREANU is the new General Manager of the insurance company MOLDCARGO, according to an announcement published by the National Financial Market Commission (CNPF).

Lloyd's announced a loss of GBP 0.9 billion (pre-tax) for 2020, driven by GBP 3.4 billion net incurred COVID-19 losses, which contributed 13.3% to the market's combined ratio of 110.3%.

AIG - American International Group announced that Claude Wade will join the company in the second quarter of 2021 in the newly created role, Executive Vice President (EVP), Global Head of Operations and Chief Digital Officer, AIG.

On April 2, Fitch Ratings has affirmed the 'A' (Strong) Insurer Financial Strength (IFS) rating of The Hanover Insurance Company, the principal operating subsidiary of The Hanover Insurance Group. Fitch has also affirmed THG's senior unsecured notes at 'BBB'. The Rating Outlook is Stable.

International General Insurance Holdings Ltd. (IGI), an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines, has appointed Richard FOSTER as Head of Property, Political Violence and Contingency Business and announced the launch of a new contingency business line.

In the run up to the P&I WorldPensionSummit 2021, 12-14 October, P&I has created the Wanderlust Series featuring outperformers and trailblazers in a specific region. This series of webinars features different regions and was created in order to meet the desire to travel the world and learn and explore.

SBERBANK Life Insurance won the Grand Prix of the "Financial Elite of Russia 2020" award in the nomination Life Insurance Company of the Year. The awards ceremony took place on March 30 in Moscow, the insurer said in its press release.

Zurich Insurance Group (Zurich) is intensifying action regarding the climate change and wants to become one of the most responsible and impactful businesses in the world. It will use every channel like investments, operations and products and services to accelerate the transition to a net-zero emission economy.

Vienna Insurance Group (VIG) continues to invest in the Insurtech scene and has formed the Insurtech fonds VENPACE together with three other investors. The goal is to search for financially support and make use of young international technology companies.

A new Best's Market Segment Report, "Market Segment Outlook: London Market Insurance", suggests that London market (re)insurers will continue to respond appropriately to market headwinds such as the impact of social inflation on casualty claims, elevated levels of uncertainty in respect to the impact of the COVID-19 pandemic, and changing climate trends.

The existing NatCat protection gap in the CEE and the consistent solutions that are now available to bring more CAT modelling at the point of underwriting made the main topics at the "Innovations and Challenges in managing Natural Catastrophe risks" organized by RMS in association with XPRIMM on 30 March.

The largest CEE insurance market ended 2020 with aggregate GWP worth PLN 63.42 billion (~EUR 13.74 billion), down by 0.6% y-o-y, according to the year-end figures from the Polish Financial Supervision Authority (KNF).

GWP of Romanian insurers reached RON 11.50 billion (EUR 2.36 billion), up by 4.64% y-o-y, according to the YE2020 market figures published on the Romanian FSA website. Overall paid claims totaled RON 6.92 billion (EUR 1.42 billion), up by 1.5% y-o-y.

Guy Carpenter, the reinsurance broking arm of Marsh McLennan, announced the appointment of Sebastian COOK as Managing Director and Head of London Europe, with immediate effect. Mr. COOK will also play a key role in directing Guy Carpenter's international RFP initiative.

Insurance Europe welcomes the European Insurance and Occupational Pensions Authority's (EIOPA) initiative of providing transparent natural catastrophe (NatCat) information in a dashboard, but some adjustments are needed for it to meet this goal.

Insurance Europe recognises that the governing body, management and internal audit have their distinct responsibilities, but it highlights that all activities need to be aligned with the objectives of the organisation. And to this end, regular and effective coordination, collaboration and communication are essential.

Life insurers' GWP in Kazakhstan in 2020 amounted to KZT 228.9 billion (~EUR 0.44 billion*), which is 16% more y-o-y. This figure is a record for the life insurance sector, Allinsurance.kz reports with reference to Ranking.kz.

Romanian brokerage market totaled RON 7.9 billion (EUR 1.6 billion) last year, more than half billion RON as compared with 2019, according to the most recent statistics published by Romanian FSA.

The GWP related to the branches of EU insurers active on Romanian insurance market, has crossed last year the threshold of RON 1 billion for the first time, according to the YE2020 figures released last week by Romanian FSA.

The private equity and investment advisory firm CVC Capital Partners' Fund VII has entered into a definitive agreement to acquire 90.01% of Ethniki Insurance from National Bank of Greece (NBG), in a deal that values the Greek insurer at about EUR 505 million.