French insurance giant AXA announced Denis Duverne, Chairman of AXA's Board of Directors, will retire at the end of his current mandate in April 2022, as planned.

American International Group announced that Lisa M. Buckingham will join the company in April 2021 in the newly created role of Executive Vice President, Global Head of AIG Enterprise Design and Life & Retirement Separation Initiatives. Based in New York, she will report to President and Chief Executive Officer, Peter Zaffino.

Will Fuller, formerly Executive Vice President of Lincoln Group will succeed Mark Mullin as President and CEO of Transamerica, and as a member of the Management Board of Aegon, effective March 31, 2021, as the Dutch insurer Aegon announced in a statement.

French group Groupama ended 2020 with a combined premium income stood of EUR 14.4 billion, up by 1.7% y-o-y. The life and health business lines made the growth driver, with a 3.1% increase in premiums, to EUR 0.7 billion, while the P&C lines remained quasi at the 2019 level, of EUR 7.2 billion in premiums.

Drivers from the Republic of Moldova will be able to receive higher compensation in case of a minor accident, as the National Financial Market Commission (NCFM) changes the maximum compensation limit for MTPL policy holders from RON 10,000 to RON 15,000.

Hannover Re grew strongly again in the 2020 financial year and generated a solid Group profit despite considerable Covid-19-related losses. An increased ordinary dividend of EUR 4.50 per share is proposed for the 2020 financial year.

"Today we are presenting excellent results, obtained in an unprecedented context due to the crisis generated by the pandemic. It confirms the greater resilience of Generali compared to our peers in the sector, both from a technical point of view and its capital position", stated Generali Group CEO, Philippe Donnet.

Fitch Ratings has affirmed Aviva Plc's (Aviva) core insurance subsidiaries' Insurer Financial Strength (IFS) Ratings at 'AA-' (Very Strong) and Aviva's Long-Term Issuer Default Rating (IDR) at 'A+'. The Outlooks are Stable.

At the end of 2020, the Macedonian insurance market totaled MKD 10 billion (EUR 163 million), down by 5% y-o-y, according to Macedonian ISA preliminary year-end figures.

Euroins Insurance Group has announced Tanja Blatnik as its new General Manager for Romania. The proposal of Euroins Insurance Group was accepted by the Financial Supervisory Authority of Romania.

Last year, the aggregate GWP reported by Hungarian insurers totaled HUF 1,204 billion (~EUR 3.3 billion), according to the year-end figures published by the Central Bank (MNB), 4.7% more y-o-y. The life insurance business accounted for 44% and the non-life insurance business for 56% of total premium income.

According to the Estonian Insurance Association (EKsL), due to the slipperiness caused by the freezing rain that hitted Estonia, on February 23, 360 traffic accidents covered by MTPL or MoD policies occured, with a total incurred loss of about half million euro.

In 2020, Alfa Invest insurance company recorded growth of the key financial indicators - significantly increased reserves and assets, maintained a high level of solvency, increased its charter capital to UZS 50 billion (~EUR 3.91 million*), according to Inessa AKHMETOVA, General Director of Alfa Invest,

The Kiyv-based EUROINS Ukraine insurance company received net profit of almost UAH 37.55 million (~EUR 1.08 million*) in 2020 (vs net loss of UAH 14.6 million in 2019), as Open4Business informed according to the materials for the agenda of the meeting of the insurer's shareholders.

The 2020 "pandemic" year for some insurers in Kazakhstan turned out to be better than 2019. Only 7 insurers ended 2020 with losses from insurance activities, among them there were 4 non-life insurance companies (vs 9 non-life insurers in 2019).

Turkiye Sigorta (Turkey Insurance), the state-controlled insurer of Turkey established last year, that has brought together all the local insurers in which the state had a significant shareholding, ended 2020 with GWP worth TRY 8.88 billion, almost 24% up y-o-y, thus ranking first, with a 13.04% market share.

According to the quarterly MNB published statistics (Central Bank of Hungary), at the end of December 2020 the aggregate market gross profit of Hungarian insurers was up by 18.52% y-o-y to HUF 88.89 billion the equivalent of EUR 243 million (vs. HUF 75 billion), while the value of net profit increased by 18.83% y-o-y to HUF 84.16 billion (EUR 230 million).

The most recent figures published by MABISZ - the Association of Hungarian Insurers, showed that following the December 2020 earthquakes in Croatia claims paid by local insurers significantly exceed previous estimates, the number of opened claim files being even higher than in Croatia.

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In 2020, the profit of Russian insurers grew slightly and amounted to RUB 247.5 billion (~EUR 2.72 billion*). At the same time, out of 160 insurance organizations, 135 recorded profits.