PartnerRe ended year 2019 with a net income of USD 890 million, improving its result when compared to 2018, when the company faced a net loss of USD 132 million.

The High Court of Cassation and Justice of Romania (ICCJ) decided in favour of insurers regarding the application of RON 450,000 ceiling (~EUR 100,000) per insurer when recovering claims from ASTRA Asigurari and CARPATICA Asig following their bankruptcies informed the insurance news portal 1asig.ro.

Only one in five Romanian homes is insured, 43 years after the largest earthquake that hitted the country in 1977, although the earthquake is the second risk that Romanians are worried about when it comes to their homes (57%), after the fire (65% ), according to the study prepared by IRES for UNSAR - The National Association of Insurance and Reinsurance Companies in Romania, informed 1asig.ro.

AVIVA announced it has decided to leave Indonesia by selling its entire shareholding in its joint venture -- PT Astra AVIVA Life, to AVIVA's joint venture partner, PT ASTRA International Tbk.

Daniel KANIEWSKI, most recently Deputy Administrator for Resilience at the Federal Emergency Management Agency (FEMA), has been appointed Managing Director, Public Sector, Marsh & McLennan Advantage. The Marsh & McLennan Advantage group brings together expertise from across the Company's four businesses to deliver innovative solutions to clients.

Dutch insurer ACHMEA informed supervisory board member Roelof JOOSTEN passed away. May he rest in peace.

On February 27, 2020, during Macedonian Insurance Supervision Agency (ISA) meeting, the Board of Experts decided to approve GRAWE's request to take over EUROLINK Skopje.

Aon and Willis Towers Watson officially announced the decision to merge, combining together in an all-stock transaction with an implied combined equity value of approximately USD 80 billion.

Following the success of its first edition last year, the 2020 edition of the Georgian International Insurance Conference, organized by XPRIMM with the support of the Insurance State Supervision Service of Georgia, will take place in Tbilisi, on 30 April, addressing the most important issues lying ahead the local insurance industry, involving all relevant stakeholders.

The Lithuanian insurance market totaled EUR 945.2 million at the end of 2019, 7.6% more y-o-y. At the same time, insurance companies paid EUR 499.3 million in claims, or 10.3% more y-o-y, according to the market data published by the Central Bank.

At the end of 2019, Azerbaijani market GWP decreased by 6.43% y-o-y in local currency, to AZN 681.18 million (EUR 357.85 million), while paid claims, on the contrary, saw a rapid growth (+25.47%), according to the regulator's data.

In 2019, the Uzbek insurance market grew by more than 41% in local currency, to UZS 2,313.09 billion (EUR 217.79 million). However, growth of paid claims at the same time reached 76.54%, according to the data, published by the Ministry of Finance of the Republic.

GWP of insurers-members of the Motor (transport) Insurance Bureau of Ukraine (MTIBU) in 2019 increased by 13.46% y-o-y, to UAH 5.1 billion (EUR 0.19 billion), according to the MTIBU Director General Volodymyr SHEVCHENKO.

Ukrainian insurance market will start working in accordance with the "split" law from January 1, 2021, said Alexander BEVZ, Director of the National Bank's licensing department, at the VI International Carpathian Insurance Conference.

According to the insurer, GWP of ROSGOSSTRAKH in 2019 increased by 16% (over RUB 80 billion/~EUR 1.15 billion), and net profit - by 32.2%, to RUB 7.3 billion. Paid claims amounted to RUB 35.1 billion, and the company's equity reached RUB 52.3 billion, ASN news agency reports.

According to preliminary 2019 data, RESO-Garantia, which is included in TOP-10 market insurers, increased its GWP by 7.1% y-o-y, to RUB 98 billion (~EUR 1.41 billion). And growth rate of its paid claims reached 8% (RUB 48.8 billion/EUR 0.7 billion), ASN news agency reports.

PZU joins the fight against coronavirus in Poland, by offering free access to medical advice for all citizens whether they are PZU clients or not. PZU Zdrowie, one of the largest private medical operators, will provide free help to those who are worried about their health in connection with the threat of coronavirus.

In 2019, the year when it has celebrated 45 years of business under its current name, Serbian market's leader DUNAV Osiguranje recorded the best results in the last 30 years of its operations, Mirko PETROVIC, President of the Board, said at the Kopaonik Business Forum.

Swiss Re's Board of Directors will nominate Sergio P. Ermotti for election as a new, non-executive and independent member of the Board at the upcoming Annual General Meeting of shareholders (AGM) on 17 April 2020 for a one-year term of office. In 2021 he will be nominated to succeed Walter B. Kielholz as Chairman of the Board.

AIG announced that Jon HANCOCK - ex LLOYD's Performance Management Director- has been appointed Chief Executive Officer, International General Insurance. He will join the company this spring, as AIG noted in a statement.