AVIVA announced that Sir Adrian MONTAGUE has informed the Board of his intention to retire as Chairman of the Company in 2020 once a successor has been appointed.

By the end of 3Q2019, the GWP in euro of the CIS regional insurance market recorded a total growth of 12.73% year-on-year, though the dynamics of the individual markets were quite heterogeneous, as the data collected and analyzed by XPRIMM show.

At the end of 3Q2019, the SEE insurance market (inclusing Cyprus, Greece and Turkey) totaled about EUR 11.5 billion in GWP, 26.44% more y-o-y, according to preliminary figures centralized by XPRIMM.

Representatives of the 12 largest and most dynamic enterprises in the CEE - among which the PZU and TRIGLAV Groups -, have signed in Davos a memorandum forming the Business Council of Growing Europe, an initiative that will promote CEE as an attractive destination for investors and to support cooperation between business leaders from the region.

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of Azerbaijan-based PASHA Insurance OJSC.

Willis Re recently announced the appointments of Cameron Green as head of International Casualty Reinsurance practice and John Philipsz as CEO of Willis Re Australia. Both appointments are effective as of 1 January 2020. Cameron and John will continue to be based in Sydney.

On January 21, 2020, TransRe announced a series of changes within its underwriting structure and promoted a number of key leaders.

On January 22, 2020, MetLife announced that Toby Srihiran Brown will become executive vice president and Chief Auditor, effective March 1 current year.

As of January 1^st, 2020, Latvian legislation imposed mandatory smoke detectors for all residential buildings. Similarly, fire extinguishers became mandatory for every Latvian dwelling.

On January 22, 2020 Aon launched its Weather, Climate & Catastrophe Insight: 2019 Annual Report. The report evaluates the impact of global natural disaster events to identify trends, manage volatility and enhance resilience.

According to a press release by the WEF, for the first time in the history of the Global Risks Perception Survey, environmental concerns dominate the top long-term risks by likelihood - extreme weather,climate action failure, natural disasters, biodiversity loss and human-made environmental disasters being the top 5 long term risks identified in the World Economic Forum's Global Risks Report 2020.

According to the preliminary results of 2019 summed up, the GWP of UNIVERSALNA insurance company (included in TOP-10 Ukrainian non-life insurers in 3Q2019) increased at the end of 2019 by 15% y-o-y, to UAH 950 million (~EUR 35.95 million), as Forinsurer reports.

PORSCHE, MHP - the sports-car manufacturer's subsidiary for management and IT consulting - and reinsurer MUNICH Re plan to form a joint venture. In fact, the three partners have already signed an agreement.

VIENNA Insurance Group announced two of the top women managers in the Group - Svetla NESTOROVA (Bulgaria) and Sabina MUJANOVIC (Bosnia-Herzegovina), recently received major awards for their performance in 2019.

LLOYD's recently announced that Jon HANCOCK has decided to step down as Performance Management Director in 2020.

Polish subsidiary of NN announced the appointment of Magdalena MACKO-GIZINSKA as member of the board and Chief Customer Officer, starting January 2020.

Introduction of MTPL in Georgia was delayed and the bill most likely won't be considered this year, as Devi KHECHINASHVILI, Head of the Georgian Insurance Association, believes.

The leader of the Russian insurance market in terms of GWP and paid claims, SOGAZ group, increased its charter capital to RUB 30 billion (~EUR 0.43 billion). The changes of the insurer's charter were registered on December 31, 2019, ASN reports.

As the Central Bank of Azerbaijan announced on its website, there has been some structural changes in connection with the transfer to the Central Bank of the powers of the Financial Market Supervisory Authority (FIMSA), which was abolished under the president's decree, Trend reports.

Insurance Group of Georgia (IGG), one of the most recently launched companies with fully domestic capital, ended 3Q2019 with gross earned premiums worth GEL 9.98 million (~EUR 3.1 million), by almost 5% up y-o-y. Claims paid amounted to GEL 7.5 million (EUR 2.33 million).