Coface, an international insurance company, one of the global leaders in insurance of risks associated with trade and foreign economic activity, conducted a risk assessment in thirteen sectors of the global economy, Trend reports.

This year, Flood Re processed more claims and paid out more than in the first three years of operation combined. In 2019/20, Flood Re incurred claims at a gross cost of GBP 160 million - ten times higher than the previous year.

Zurich Insurance Group has created a WellCare business to accelerate the Group's existing health and wellbeing initiatives in markets around the world and apply a global approach to their development. The new business aims to provide retail, SME and commercial insurance customers with unique health and wellness solutions tailored specifically to their needs.

Insurance Europe has published its responses to consultations by the European Commission on draft amendments to Solvency II and the Insurance Distribution Directive (IDD) regarding the integration of sustainability risk and factors.

Cyber losses among businesses targeted in the past year have risen nearly six-fold, from a median USD 10,000 per firm to USD 57,000, one of the latest reports from Hiscox says. However, there are signs firms are responding with more rigorous security measures and higher spending, which increased 39%.

Chubb Limited announced global net catastrophe loss estimates for the second quarter of 2020 of USD 1,807 million pre-tax, or USD 1,510 million after tax. These estimates include COVID-19 global pandemic losses of USD 1,365 million pre-tax (USD 1,157 million after tax), and other natural catastrophe losses of USD 312 million pre-tax (USD 249 million after tax)

Assicurazioni Generali S.p.A. (Generali) has placed a new Euro denominated Tier 2 bond due in July 2031, issued in the form of green bond pursuant to the terms of the Offeror's Green Bond Framework.

In a battle of big ideas, eight of the best and brightest startups competing in the Zurich Innovation Championship 2020 have been selected to advance to the final in October.

On July 8, the Turkish Association of Insurance Practitioners (STB) will launch its first event, in a series of online talks with experts from both Turkey and abroad, analyzing the changes brought by Covid 19 and review their impact on the re/insurance industry.

In June 2020, total amount of insurance claims paid by SBERBANK Life insurance exceeded RUB 880 million (*EUR 11.14 million), which is 53% more than in June 2019. At the same time, the number of claims paid increased by 30% y-o-y, the insurer said in its press release.

Insurance Europe has published its response to a consultation by the European Commission on the Capital Markets Union (CMU) High Level Forum's (HFL) final report.

The Human Safety Net, Generali's global initiative for unlocking the potential of people living in vulnerable contexts, has published a first activity report, sharing its two-year journey of growing Generali's social impact in the communities where the Group is present in Europe, Asia and Latin America.

Marsh & McLennan cemented its first-place position in Best's Review's Top Global Insurance Brokers ranking with the acquisition of Jardine Lloyd Thompson Group in 2019. Marsh's total revenue jumped to USD 17 billion compared to 2018's USD 14.95 billion.

AXA announced the publication of its 4th Climate Report. The document describes AXA's responsible investment and insurance initiatives in the fight against climate change and measures the Group's progress in implementing the objectives of the Paris Agreement by 2050.

During the last meeting, the supervisory board of Vienna Life accepted the resignation of Pawel Ziemba, chairman of the board, and Witold Czechowski, a member of the board, from performing his current functions with effect as of September 30, 2020. Tomasz Borowski will be the new president of the board.

UNIQA has successfully placed two bonds with a volume of EUR 800 million - EUR 600 million to fund its purchase of AXA CEE subsidiaries and EUR 200 million in a green bond format. "Investor's demand for the offering was exceptionally high with the senior bond being more than 5 times oversubscribed and the Green Tier II issuance more than 9 times", as the Austrian insurer mentioned in a statement.

GENERALI announced that Georg ENGL stepped down from his positions as Chairman of the Board of Directors and CEO in GENERALI Poistovna, in Slovakia for private reasons and has left GENERALI Group to pursue other professional opportunities.

At the end of 2019, returns on investments under accumulative life insurance contracts of SBERBANK Life insurance amounted to 8.15% for policies denominated in rubles and 3.62% for policies denominated in dollars, the insurer said in its press release.

Real estate owners and tenants can now easily determine their individual risk of being affected by natural hazards by using the "natural hazard check", a digital tool provided by the Association of the German Insurance Industry (GDV), the association's website informs.

International General Insurance Holdings Ltd. (IGI) announced the appointment of Ian Noble as Head of Casualty and Professional Lines. Noble has 34 years' broking and underwriting experience in Professional Lines in the Lloyd's of London and company markets, and most recently serving as Senior Class Underwriter - Professional Indemnity at Chaucer in London.