Austrian Vienna Insurance Group (VIG) announced today its preliminary results for 2020, showing an overall performance in line with the Group's targets for the year, despite the challenging Covid situation. VIG eyes an EUR 450 million to 500 million profit before taxes in 2021.

At the end of November 2020, Vienna Insurance Group signed the share purchase agreement to acquire the Eastern European business of the Dutch insurer Aegon, thereby taking an important step towards expanding its presence and strengthen its position in the CEE region.

VIG's four-year management program "Agenda 2020" concluded at the end of the year, providing for increased cost efficiency and generally improved indicators, as well as serving the group's future viability and development.

In 2020, total market paid claims of Armenian insurers amounted to AMD 23.2 billion (~EUR 36.19 million*), which is 7.3% less y-o-y.

Last year, Estonian insurance conciliators were involved in 257 insurance disputes, of which 178 ended with an agreement between the insurer and the client. Most of disputes were related to MTPL insurance cases, followed by household insurance, as informed in a statement the Estonian Insurance Association (EKsL).

According to the statistics of the Estonian Traffic Insurance Fund (LKF), during last year were reported about 29,700 traffic events subject to MTPL insurance policies, which is 6,400 less than last year.

MIM - MetLife Investment Management, the institutional asset management business of MetLife, has appointed Sara Queen as managing director and head of Real Estate Equity, effective March 15, 2021.

Allianz Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group - announced that Thierry Portevin, current Global Head of Property at AGCS, will be appointed Global Head of Allianz Risk Consulting (ARC), effective March 8.

Cristiano Borean, Chief Financial Officer of the Generali Group, has been appointed as Chairman of MIB Trieste School of Management, the international school of management headquartered in Trieste.

AIG announced that its Board of Directors has elected James Cole, Jr., as a Director of the company, effective March 15, 2021. Cole is Chairman and Chief Executive Officer of The Jasco Group, a New York City-based multidimensional investment management firm.

Slovenian re/insurance group SAVA Re announced that its FY2020 consolidated net profit rose by 12.3% y-o-y to EUR 56.4 million, "better than planned", as the group mentioned in a statement.

Due to the uncertain situation regarding the spread of the COVID-19 pandemic and the consequent unclear impacts on the economy and the insurance industry, last week, Slovenian Insurance Supervision Agency asked the supervised entities to suspend dividend payments.

French insurer Groupama announced its Turkish unit Groupama Sigorta launched in mid-December its Driving Academy, in a partnership with Intercity Driving Center, the most recognized driving center in Turkey.

UK insurer AVIVA annouced its exit from the Italian insurance market by selling its remaining life and general insurance business to CNP Assurances and ALLIANZ.

AEGON announced that it has successfully completed the divestment of STONEBRIDGE, a UK-based provider of accident insurance products to GLOBAL Premium Holdings group, part of EMBIGNELL group.

Thee aggregate GWP reported by the 17 CEE insurance markets totaled almost EUR 28 billion at the end of September 2020, about half million EUR less as compared with 3Q2019, according to the quarterly market figures centralized by xprimm.com.

The Slovenian insurance market totaled EUR 1.97 billion in the first nine months of 2020, a 3.65% increase y-o-y, according to the Slovenian Insurance Association's Q3 report. Life insurance GWP increased by EUR 7.75 million to EUR 557 million, while the Non-life segment reported a positive rate of 4.68%, reaching EUR 1.42 billion - or 71.76% of total GWP.

XPRIMM TIME FOR BUSINESS will be LIVE on Wednesday, March 10 at 16.00 EEST for a new online show which will point out the transforming traditional insurance risk transfer to technology-driven risk reduction and prevention services.

The Supervisory Board of Triglav reappointed Marica Makoter as the Management Board member - Employee Representative at the proposal of the Company's Works Council.

Swiss Re has entered into a strategic partnership with ICEYE, the largest commercial synthetic-aperture radar (SAR) satellite operator and flood monitoring provider. Swiss Re's clients will benefit from enhanced insights and bespoke solutions.