Austrian insurer VIG expanded its non-life presence on the Polish market by acquiring 100% shares of GOTHAER Towarzystwo Ubezpieczen (Gothaer TU). The transaction was closed on 28th February 2019 following approval by the local authorities.

Marsh & McLennan (MMC) and Jardine Lloyd Thompson (JLT) agree to sell JLT's Aerospace Business to Arthur J. Gallagher. The acquisition, subject to European Commission approval, is scheduled to close this spring in connection with the closing of the JLT purchase by MMC.

Italian insurer GENERALI informed that it has completed the sale of its entire shareholding in GENERALI Worldwide Insurance Company Limited and GENERALI Link to Life Company Consolidation Group - LCCG.

Bulgarian financial group EUROHOLD said its revenues from insurance activity at the end of December 2018 amounted to BGN 985.3 million (EUR 503.8 million), 2% less y-o-y. The insurance operating expenses for the period under review increased by 0.6% y-o-y to BGN 924.9 million (EUR 472.9) compared to BGN 919.2 million at the end of 2017.

For many Romanians, 4th of March brings back the fears associated with the 1977 earthquake. On that day, 42 years ago, starting at 9:22 pm, the ground shook for 55 seconds, leaving behind one of the darkest memories from the recent history of Romania.

According to the Russian Association of Motor Insurers (RAMI), compensation payments from the insolvency fund for the insurers that left the market, amounted to RUB 9.9 billion (+73.7% y-o-y) in 2018, as ASN wrote.

Today started in Skopje the second edition of IIF - CEE & SEE Regional Actuarial Insurance Conference: Inclusive Insurance, an event organized by the Insurance Supervision Agency of Macedonia and XPRIMM, aiming to involve all the relevant stakeholders to explore the inclusive insurance concept and identify the ways actuarial services providers can contribute to developing this new domain.

RGAX, subsidiary of Reinsurance Group of America (RGA), opened invitations for anyone outside insurance and reinsurance field to join Big Ideas Competition. Interested persons can submit their ideas online by March 21, 2019.

Slovenia's Government decided to lift some restrictions over Nova Ljubljanska Banka (NLB), the largest bank in Slovenia, to further advance its privatisation process. NLB Vita, the insurance subsidiary of the NLB Group, could be sold entirely.

For January, 2019, Azeri insurers generated GWP in the amount of AZN 88.2 million (+6.57% y-o-y), according to the Chamber of Supervision of Financial Markets of Azerbaijan.

According to the results of 2018, retail insurance in Armenia amounted to 51.8% or AMD 21.3 billion, while corporate insurance reached 48.2% or AMD 19.7 billion, as data from the Financial Rating of insurance companies of Armenia, prepared by ArmInfo, show.

In 2018, the net profit of INGOSSTRAKH decreased by 38% (from RUB 10.7 billion to RUB 6.7 billion), according to the company's General Director Mikhail VOLKOV.

The cabinet of Ministers approved in February, 2019 the creation of a new insurance system for farmers that seeks to offer financial support to producers of all crops, as well as for sheep and goat farmers.

For January, 2019, Azeri insurers generated GWP in the amount of AZN 88.2 million (+6.57% y-o-y), according to the Chamber of Supervision of Financial Markets of Azerbaijan.

During 1993-2018, Greece insurers paid EUR 359 million for natural catastrophes claims. The 1999 earthquake was by far the most devastating and costly natural disaster, when a total of EUR 111 million in insurance indemnities were paid to the victims.

Zavarovalnica SAVA, part of Slovenian re/insurance group SAVA Re, announced it has finalised the aquisition of the two Croatian units of the German insurance group ERGO, part of MUNICH Re: ERGO osiguranje and ERGO zivotno osiguranje.

Global insurance and reinsurance broker Jardine Lloyd Thompson Group (JLT) has released its preliminary results for the year ended December 31, 2018, before the completion of its sale to Marsh & McLennan Companies (MMC).

Bogdan BICHINET will join the management team of GENERALI Romania as Member of the Board and Chief Financial Officer - CFO starting March 1st, after this week the Board of the Romanian Financial Supervisory Authority (ASF) approved its appointment.

Global commercial insurance pricing increased for the fith consecutive quarter in Q4 2018, largely driven by insurance pricing for property, financial and professional LoBs, the latest data published by MARSH show.

The family-owned insurer based in Dusseldorf, Germany, ARAG Group announced is to launch operations in the Republic of Ireland after it agreed to acquire the local business operations of DAS Legal Expenses Insurance Company Limited in the country which is part of the ERGO Group.