Slovenian SAVA Re announced the rating agency AM Best affirmed the financial strength rating of the company of "A" (Excellent) and its long-term issuer credit rating of "a", both with a stable outlook.

TAS insurance group again set a sales record - GWP volume exceeded UAH 1.5 billion (~EUR 45.41 million*) as of October 7, 2020, Forinsurer writes.

The insurance market will continue to be under pressure of the economic downturn caused by COVID-19, and the market volume by the end of 2020 will reach approximately RUB 1.42 trillion (~EUR 15.65 billion*), having lost 4-5% of GWP, according to the study of the Russian leading rating agency Expert RA.

In October, six years have passed since SBERBANK Insurance received a license to perform insurance activities. During this time, the company has demonstrated dynamic development and has become a leader in insurance of property of individuals, the insurer said in its press release.

BELKOOPSTRAKH insurance company, ranking 6^th in the non-life market of Belarus among 13 insurers (based on 1H2020 results), had rebranding and ASOBA appeared on the market, "Insurance in Belarus" wrote.

The insurance market of Uzbekistan got a new insurer - ARIA SUG'URTA TASHKILOTI has received a license to carry out voluntary insurance in 17 classes of general insurance, UzReport wrote.

XPRIMM Time for Business had a new international edition under the title "Re/insurance markets facing the Covid crisis" that focused on the evolution of Romanian insurance market under the specific uncertain situation created by the pandemic.

In view of the selected probable scenario of business conditions in 2021, Slovenian TRIGLAV Group plans to increase its consolidated gross written premium to EUR 1.2-1.3 billion and its profit before tax to EUR 85-95 million.

Insurance Europe has published its response to a discussion paper by the European Insurance and Occupational Pensions Authority (EIOPA), where it outlines its views on climate change, liquidity risk and multi-period stress testing.

At a meeting chaired by Gabriele Galateri di Genola, the Assicurazioni Generali Board of Directors approved the adoption of the new Corporate Governance Code, approved by the Italian Corporate Governance Committee and published on 31 January 2020.

With the UK leaving the European Union, Steamship Mutual chose to set up a new insurance company in Cyprus to service its clients all over Europe and started writing business in February 2020.

PZU's MTPL policyholders will benefit from a supplement to their insurance consisting in an additional coverage for the material and personal damages caused by the insured while using a bicycle or other personal transport devices as light electric vehicles.

Willis Towers Watson, a leading global advisory, broking and solutions company, announced the appointment of Tony ROOKE as Director of Climate Transition Risk in the organization's Climate and Resilience Hub (CRH).

Stefan GOLLING (44) was appointed by the Supervisory Board of Munich Reinsurance Company to the Munich Re Board of Management as of 1 January 2021. He will take over the management of the Global Clients and North America Division.

CROATIA osiguranje, one of the top insurers in the Adriatic region, member of the Adris Group, launched LAQO - the first Croatian 100 percent digital insurance. The company also announced a HRK 200 million (~EUR 26.5 million) worth digitalization and product development program.

Czech insurers ended the first half of 2020 with GWP worth EUR 3.16 billion. Which is 4.29% less y-o-y, the Central Bank's statistics show. However, in local currency, the rate growth remained slightly positive, of about 0.6% y-o-y. In fact, the overall negative trend was mainly driven by the life insurance segment which saw a 16.8% decline in GWP, thus losing about 5p.p. of its weight in the market portfolio.

In the first six months of 2020, the Slovak insurance market totaled EUR 1.14 billion (direct premiums and accepted reinsurance, summed-up), 1.57% less y-o-y, according to the preliminary quarterly financial figures provided by the National Bank of Slovakia (NBS).

In the first half of 2020, the market dropped by almost 19% in local currency (almost 31% in euro), according to the data, published by the Ministry of finance of the Republic.

Dutch financial group AEGON announces the sale of STONEBRIDGE, a UK-based provider of accident insurance products. Total proceeds amount to approximately GBP 60 million (EUR 65 million).

GUY CARPENTER - the reinsurance broker of Marsh & McLennan Companies, announced the appointment of Melissa HARTSHORN as Chief Human Resources Officer, effective immediately.