Nikhil is currently the Chief Executive of London Stock Exchange plc. From September 2009 to April 2014, he was Director, Financial Services Group at HM Treasury. In this role, he led the Treasury's work on the UK's EU and international financial services interests. Nikhil is expected to take up the role in the Autumn.

A third of all European Nat Cat losses in the two decades to 2018 were the result of hydrological events and they caused EUR 157 billion of damage. Global warming is additionally increasing flood risks, requiring the improvement of the EU Floods Directive, European insurers believe.

Daily rounds of heavy rain and thunderstorms crossed Central and Southeastern Europe in the last couple of week, causing flash flooding episodes. Hungary, the Czech Rep., regions of Poland, Romania, but also Turkey were hit and recorded losses, including lost lives.

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of Bosna Reosiguranje d.d. Sarajevo (Bosna Re) (Bosnia and Herzegovina [BH]). The outlook of these Credit Ratings (ratings) remains stable.

Swiss Re announced today the appointment of Thierry Leger as the Group Chief Underwriting Officer, effective 1 September 2020. He succeeds Edi Schmid, who has decided to step down from the Group Executive Committee for personal reasons and take on an advisory role.

S&P Global Ratings assessed the industry and country risk of Azerbaijan's property and casualty insurance sector as high, the agency said in its report.

The news portal XPRIMM.com was chosen by the DIA Community among the top 10 information and news sources each insurance professional should access in order to keep up to date with the latest developments in the field of insurtech and innovation in insurance.

Generali was honoured at the EFMA-Accenture Innovation in Insurance Awards 2020, the competition that showcases the most outstanding technology innovations in the insurance industry, with two out of the total of seven awards given.

On 18 June 2020, Peter Skvarca was granted the Insurance Supervision Agency's licence to become a member of the management board of Sava Re.

AXA announced the launch of a collaboration with The Western Union Company to provide inclusive insurance products to Western Union's customers using its westernunion.com service. By linking insurance to money transfer services, the two groups will help to better cover migrant workers and their families at home.

The 4^th Insurance Innovations Forum InnoIns-2020, organized by MIG "Insurance Today" and the Analytical Agency "BusinessDrom" with the support and participation of the All-Russian Insurance Association (ARIA) and "FinTech Lab" will be held online on June 30, 2020.

The International Insurance Society and The Institutes have announced that Mike Morrissey will retire as President and Chief Executive Officer, after more than eleven years in the position.

SCOR has been informed of Standard & Poor's (S&P) decision to affirm the financial strength rating for the Group and its main subsidiaries at "AA-", with a "stable outlook".

Starting July 1^st, 2020, the well-known "Green Card" document, proving the existence of the MATPL international coverage, will be accepted also in black and white version, according to the European international agreement of the states of the green card system.

For the first time in the past 6 years, the number of accidents due to the guilt of Polish drivers on foreign roads has started to decrease. At the end of 2019, for 12 months ended, Polish motorists caused 73 thousand accidents, 3% less when compared to over 75 thousand events during 2018. Traditionally, most of the accidents caused by Polish drivers happened on the roads of Germany, France, Italy, Great Britain and the Netherlands. Drivers of vehicles with Polish license plates cause 200 events per day on foreign roads.

From 2015 to 2019, about EUR 9.6 million was paid in MTPL indemnities for the damage done to roads, road structures and buildings. In the first quarter of 2020 alone, EUR 663 thousand have already been paid for damage to infrastructure objects or their destruction.

Beyond the global recession shock inflicted by the COVID-19 pandemic this year, emerging markets are forecast to grow by around 4.4% annually over the next decade, slower than the yearly average of 5.5% in 2010-19. Against the weaker growth backdrop, emerging economies need to improve productivity. Here counter cyclical investment in infrastructure can play a key role, one of the latest publication from Swiss Re, "sigma 3/2020", says.

Swiss Re Corporate Solutions announces a strategic agreement to bring LocalTapiola onto its International Programme Administration (IPA) platform. Additionally, the agreement gives the Finnish insurer access to Swiss Re Corporate Solutions' network of over 150 local offices and network partners. The collaboration supports LocalTapiola's ambitions to grow its corporate business book by competing as lead for international programme business.

In April-May 2020, SBERBANK Life insurance, a subsidiary of Sberbank, made 14 thousand payments for insured events, including around 600 payments to clients due to job loss and about 100 payments due to pulmonary diseases, including COVID-19, the press service of the insurer reports.

As of 2020 renewals, Turkish reinsurer Milli Re maintained its market share of 27% in the local insurance market by leading the reinsurance treaties of 17 ceding companies buying reinsurance protection on proportional bouquet basis, the company's Director and General Manager, Fikret Utku OZDEMIR stated in the Annual Report for 2019.