Italian insurer Generali has submitted a bid for the Polish assets of London-based insurer Aviva AV.L, Reuters reported quoting a source familiar with the matter on Monday. Aviva Poland is the country's second largest life insurer and the mother company of other five financial services providers.

On 24 March 2021 AIDA Europe is holding the first in a series of webinars, called " The resilience of the Insurance Distribution Directive to new technologies", addressing topical issues of concern to insurers and lawyers across all sectors. XPRIMM Publications supports the event series as Media Partner!

Fitch Ratings has affirmed the 'BBB+' Issuer Default Rating (IDR) for Aon plc and related entities and removed the Negative Rating Watch. The Rating Outlook is Stable.

In 2020, court payments in MTPL decreased by 64% to RUB 3.98 billion (~EUR 43.89 million*), and the insurers' overhead expenses dropped by 62% to RUB 5.7 billion, according to Igor YURGENS, President of the Russian Association of Motor Insurers (RAMI).

The volume of premiums accrued by RNRC (Russian National Reinsurance Company) for 2020 amounted to RUB 15 billion (~EUR 0.16 billion*), which is 7% more y-o-y. The volume of premiums earned amounted to RUB 13.8 billion (+6%), the reinsurer said in its press-release.

Net profit of the ROSGOSSTRAKH group in 2020 amounted to RUB 7.62 billion (~EUR 84 million*), which is only 0.7% less y-o-y in local currency, reports ASN, referring to the financial statements published by the company.

German insurer Talanx ended 2020 with net income of EUR 673 million vs. EUR 923 million a year before, but "in line with the forecast of "clearly above EUR 600 million" provided in November. Without coronavirus claims expenses, Talanx would have exceeded last year's record net income figure", as the insurer mentioned in a statement.

Latvian insurers' aggregate net profits expanded by 58.7% during last year (or by almost EUR 20 million in absolute value) to EUR 53.38 million, according to data presented by the Finance and Capital Market Commission (FKTK).

The Bulgarian Financial Supervision Commission informed that on March 11,2021 it took the Decision on on initiating proceedings for compulsory liquidation of non-life insurer Euroamerican.

The Bulgarian insurance brokerage market totaled BGN 1.72 billion (EUR 878 million) at the end of 2020, about 1.8% more y-o-y, as announced the local insurance market regulator FSC in a statement published on its website.

New solutions will turn Climate Change Science into Business Risk Insights and Strategy according to RMS, which announced the forthcoming launch of a new suite of Climate Change Models to help customers assess the near and long term impacts of climate change on physical assets.

The online motor vehicle insurer Movinx, which is the 50/50 Joint Venture between Daimler Insurance Services and Swiss Re, has named Carolin Gabor as the new Chief Executive Officer. She will take the new role as of 1 April 2021.

In March 2021, in Tajikistan, by the decision of the Board of the National Bank of Tajikistan, a license was issued to the insurance company DS SUGURTA for a period of 5 years, writes the information agency Avesta.

By the end of April 2021, the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan will introduce a set of amendments to the Mazhilis (State authority, a part of the Parliament) on regulation and development of the insurance market, writes Allinsurance.kz with reference to Kursiv.kz.

In 2020, the insurance sector was no exception among the sectors of the Belarusian economy affected by COVID. According to ASOBA company, the most vulnerable types of insurance were such products as Green Card policies and voluntary insurance against accidents and illnesses for travelling abroad, which are the most profitable, writes the magazine Insurance in Belarus.

PASHA Life Insurance, the leading life insurance company in Azerbaijan, in 2020 generated GWP worth AZN 221 million (~EUR 105.79 million*). The company's paid claims reached AZN 205 million. Despite the difficult situation in 2020, PASHA Life's GWP portfolio grew by 16%, Trend reports.

The 25th Annual Reinsurance Conference will be held in Moscow on April 14-15. The insurance market today is going through active changes. The state of the insurance and reinsurance industry, its further development in the face of "post-COVID" realities, pricing policy, risk appetites of international companies, new opportunities will be discussed by the Conference participants.

Italian group Generali is considering an about EUR 2 billion worth acquisition in Russia, that will add to its already existing 38.5% stake in one of Russia's largest insurers Ingosstrakh, Reuters reported quoting a non-disclosed source and the Italian press.

Luc Popelier, current CEO of International Markets Business Unit, will replace Rik Scheerlinck as CFO and Executive Director of KBC Group, following his retirement after a 37 years career with KBC. On 6 May, another series of changes in the group's Executive Committee will seek shareholders' General Meeting approval.

Insurance Europe has responsed to the European Commission consultation on the establishment of a European Single Access Point (ESAP) for environmental, social and governance (ESG) data, as there is an increasing importance for investors to access the non-financial information.