Bence HOLLO will be appointed Chief Executive Officer (CEO) of NN Hungary, effective 1 December, subject to regulatory approval, as the Dutch insurance group announced in a statement.

AIG Life & Retirement, a division of American International Group, Inc., announced the appointment of Alan SMITH as Head Of Human Resources effective immediately. He succeeds Liz CROPPER who is moving to AIG's General Insurance business as chief human resources officer.

The UK transition period according to the Withdrawal Agreement will end on 31 December 2020. Following this date, all Union primary and secondary law will no longer apply to the United Kingdom, including the Solvency II Directive as well as the Directive on Insurance Distribution (IDD).

Insurance Europe has published its response to a consultation by the European Commission on a revision of the electronic identification and trust services (eIDAS) Regulation, which aims to enable secure and seamless digital interactions between citizens, businesses and the public sector.

AM Best has reaffirmed International General Insurance Holdings Ltd. (IGI) financial strength ratings at A (Excellent) with a Stable outlook. The ratings apply to IGI's two subsidiaries: International General Insurance Co. Ltd. (Bermuda) and International General Insurance Company (UK) Ltd.

The Covid-19 crisis has rushed the changes in the workforce market, so that we have become all gig-economy workers, stated Nikhil da Victoria Lobo, Head Western & Southern Europe, Swiss Re at the International Istanbul Insurance Conference.

For TURK Re, a newly created company, the main challenge was to put together a great and experienced team; we managed to develop our core reinsurance application in house instead of just buying a ready-made solution, commented today Selva EREN, CEO, Turk Re on the occasion of the International Istanbul Insurance Conference.

Swiss Re Corporate Solutions announced a partnership with Hitachi Europe Ltd., collaborating in an integrated insurance-based offerings for the digital era. The companies will launch a new industry solution that helps organisations accelerate their digital transformation while minimising the risks, as organisations increasingly depend on Artificial Intelligence (AI) powered automation for critical business processes and operations.

Starting 19 October, an international MTPL insurance policy "Green Card" policy will be not needed for vehicles registered in one of the countries of the European Economic Area to enter on the territory of Bosnia & Herzegovina (BiH), or for BiH vehicles to circulate on the roads of the EEA countries.

National Bureau of Motor Insurers (BNAA) of the Republic of Moldova received the status of a full member in the Green Card system. Also, based on this decision, Alina OSOIANU, CEO of BNAA, was appointed as co-Chair of the Committee on internal settlement of the Bureau Council in Brussels.

According to the results for 9 months of 2020 in Ukraine, the number of payments by the MTIBU Fund of protection of victims for uninsured drivers, responsible for road accidents, increased by 22% y-o-y while the amount of payments - by 23.5% y-o-y, MTIBU reported.

S&P Global Ratings has upgraded the financial strength rating and the issuer's credit rating of ROSGOSSTRAKH to BB with stable outlook. Earlier the rating was BB-, as the oldest insurer in Russia informed.

Igor KOBZAR was appointed CEO of SBERBANK Life insurance, subjected to receiving an appropriate approval from the Central Bank of Russia, the insurer's press service said.

On October 5, the Cabinet of Ministers adopted a resolution to approve the rules for control over calculation and payments of insurance premiums under compulsory health insurance (CHI). The process of paying insurance premiums by the insured under CHI has been postponed until January 1, 2024.

Premium income for the London company market, including premiums written outside of London but overseen and managed by London operations have totaled GBP 27.63 billion in 2019, almost 3% less y-o-y. In addition, a volume of about GBP 4.508 billion, previously written in European offices but controlled by London was lost because of company restructuring necessitated by Brexit.

MAI Georgia was the leading insurance broker on the Georgian insurance intermediation market, in 2019, holding 39% of the intermediation commissions cashed at the market level in accordance with the data published by the Insurance Supervision service. In premiums terms, MAI Georgia accounts for 32% of the direct premiums and 61% of the reinsurance premiums intermediated in Georgia.

Insurance Europe, together with a group of other financial sector associations, has written to the European Commission and the European Data Protection Board (EDPB) to raise concerns about the impact of a 16 July 2020 ruling by the Court of Justice of the European Union (CJEU).

Insurance Europe has published its response to a consultation by the European Commission on its EU Green Bond Standard (GBS). In order to maximise investment in the transition towards sustainability, investors must be able to invest in the green bond market with confidence.

Real estate intermediaries in Latvia will be required to purchase professional indemnity insurance, according to the regulations of the Cabinet of Ministers (CM), which entered into force on 2 October. The professional liability of real estate agents must be insured to cover damage caused to a third party as a result of the agent's acts or omissions.

Between January-June 2020, the insurance market of Romania totaled RON 5.6 billion (~EUR 1.2 billion) in gross written premiums (GWP), 3.5% more in local currency (+1.2% in EUR) when compared to the same period of prior year. The overall claims paid went up to RON 3.3 billion (down to EUR 691 million), 1.5% more in local currency (-0.8% in EUR).