In 1Q2020 SBERBANK Life insurance paid over RUB 120 million (~EUR 1.4 million) under the terminated accumulative life insurance contracts. At the same time, 30% of the total number of payments were made in Moscow, which is also leading among the regions in terms of the amount paid (RUB 27 million or 23%), the insurer reports.

Everest Insurance announced the addition of Ralph van Helden as the Business Development Director for Everest Global Markets, which includes Everest Insurance (Ireland), DAC (EIID), and Lloyd's Syndicate 2786.

S&P Global Ratings assigned its 'BB+' long-term insurer financial strength and issuer credit ratings to Azerbaijan-based PASHA Insurance, the outlook is stable, the agency said in its report.

According to the forecast of the Expert RA rating agency, the spread of coronavirus will significantly affect the dynamics of the insurance market in 2020 and lead to its decline in the range 17% to 27%, the agency's review says.

According to RNRC (Russian National Reinsurance Company), renewal of disproportionate obligatory reinsurance contracts for property and technical risks in January showed that total acquired capacity decreased by 5% y-o-y to RUB 132 billion (~EUR 1.9 billion), the reinsurer reports.

Swiss Re Corporate Solutions appoints Matthias Grass as Chief Financial Officer. In this role, Mr. Grass will be responsible for overseeing Swiss Re Corporate Solutions' Finance function, ensuring the business unit achieves its financial targets, and implementing the business unit's strategy.

In January-March 2020, SBERBANK Life insurance, a subsidiary insurer of SBERBANK, paid RUB 1.8 billion (~EUR 21 million) for credit life insurance, which is 54% more y-o-y, the insurer reports.

According to the structure of risk reinsurance in Ukraine by non-residents at the end of 2019, the most premiums were paid to Germany (22.3%) and Austria (19.4%), as the data of the National Commission for Financial Service Markets Regulation of Ukraine show.

Swiss Re's shareholders approved all proposals put forward by the Board of Directors at its Annual General Meeting (AGM) held in Zurich last week. This included a 5% increase in the regular dividend to CHF 5.90 per share and the authorisation of a new public share buyback programme of up to CHF 1.0 billion purchase value.

Belgrade-based British Motors, a Serbian car dealer, has increased its stake in the capital of local non-life insurer Globos osiguranje by 15.6% from 71.8% to 87.4% as a part of a buyout bid, wrote kamatika.com here.

In 2019, motor insurance on the Ukrainian market (MTPL, Motor Hull and Green Card summed) increased by 16.5% y-o-y, to UAH 15.1 billion (~EUR 0.57 billion), Forinsurer reports.

The number of vehicles, registered in Kazakhstan during the first two months of 2020, increased by 2.5% y-o-y (to 149,938 units), thus total number of registered passenger vehicles by March 1, 2020, reached 3.8 million units, according to the Kazakhstan's Statistics Committee, Trend reports.

According to a study of the financial situation of citizens in the country, conducted by ROSGOSSTRAKH Life, the lowest household debt load was recorded in Moscow - 34.5% of residents have one or two loans, however, a fifth (20%) of them doesn't even know the conditions and interest rates, the study said.

According to the Central Bank of Kosovo (CBK) Governor, Fehmi Mehmeti, between 40,000 and 60,000 uninsured vehicles circulated in Kosovo during 2019. This number represented roughly 20% of the total national fleet of vehicles.

The Canadian FAIRFAX Group announced it is currently estimating a net loss in 1Q of approximately USD 1.4 billion and an approximate 12% decrease in book value adjusted for the USD10 per common share dividend paid in 1Q2020, reflecting the COVID-19 pandemic and its impact on financial markets worldwide.

Swiss Re Corporate Solutions appoints Claudine Delavy as Head Distribution Management, Europe, Middle East & Africa, effective 1 May. Ms. Delavy will be responsible for advancing the company's distribution strategy, representing all Swiss Re Corporate Solutions' products and solutions to commercial insurance brokers, and maintaining strong relationships with key partners. She will relocate from London to Zurich.

Willis Towers Watson announced the appointment of Matt Scott as a senior director in its Climate and Resilience Hub. Scott played an integral role in the Bank of England's climate team under Governor Mark Carney from 2014 and led delivery of UK Government's landmark Green Finance Strategy in 2019.

The PZU SA Supervisory Board adopted a resolution to appoint Ernest Bejda to the Management Board of the company.

Last year, the insurance industry of Cyprus totaled EUR 892 million, up by almost 4% y-o-y, according to end-year preliminary market figures published on the IAC website - the local professional association.

Marsh, the world's leading insurance broker and risk advisor, today announced that David Rahr has been appointed Global Leader, Multinational Client Service. Based in Chicago, he will report to Flavio Piccolomini, President, Marsh International, and Martin South, President, US and Canada.