MTPL insurers in Russia are likely to compete more strongly on price if further liberalization of the market takes effect next year, FITCH Ratings says in a new report, published on November 5, 2018.

SEB - one of the largest life insurers in Baltic region announced is planning to merge its units in the Baltic States, "into one legal entity to further improve our operational efficiency and deliver improved customer services. The merger will not affect our services to the customers".

INGO Ukraine generated GWP in the amount of UAH 876.8 million, in the first nine months of 2018, 13.7% more y-o-y. At the same time, the insurer's paid claims reached UAH 378.8 million (+10.9%), informed Forinsurer.

Partnership enables CNA to broaden cyber insurance underwriting capabilities and address the emerging challenges in measuring cyber aggregation risk

From January to September this year paid claims' growth rate of O'zbekinvest Hayot amounted to 88% y-o-y and reached UZS 49.6 billion, as UzReport informed.

Net profit of RESO-Garantia from January to September this year increased by 18% y-o-y and amounted to RUB 16.2 billion, as the insurer informed.

During 3Q2018, the Montenegrin insurance market totaled almost EUR 65 million, a 6% increase y-o-y, as the Insurance Supervision Agency has reported.

The insurance market of Kosovo totaled EUR 2.1 million at the end of September 2018, 34% less y-o-y (vs. EUR 3.2 million), data provided by the Central Bank (CBK) showed.

"By global standards, insurance in Georgia is still immature - in the initial stages really - therefore there are many things that are yet to be done and the market has big potential," Giorgi BARATASHVILI, CEO of ALDAGI, told the FINANCIAL in an interview.

Marsh & McLennan Companies (MMC) announced that the shareholders of Jardine Lloyd Thompson Group plc (JLT) overwhelmingly approved Marsh & McLennan's agreement to acquire JLT. "Of those shares voted, 99.9% voted in favor of the transaction".

The Spanish insurance sector appears to have good prospects for profitable growth, in contrast to most other major European insurance markets, Fitch Ratings says in a new report.

Croatian holding ADRIS Grupa, the owner of the largest and oldest insurer in Adriatic region - CROATIA Osiguranje, announced in a statement its insurance arm generated a gross profit of HRK 403 million (~EUR 54.3 million) during the first nine months of the year, 46% more y-o-y compared to the 3Q2018 figure (HRK 275 million).

Bulgarian insurance market" authority - FSC recently published a draft ordinance regarding the MTPL tariffs for MTPL policies, wrote local media.

French insurer AXA announced its January-September 2018 total revenues were up 4% to EUR 75.8 billion with growth in all geographies.

Nationwide introduction of compulsory health insurance in Azerbaijan was postponed from 2019 to 2020, reports the Analytical and Information agency FINEKO and ABC.AZ.

According to preliminary data of the Russian Association of Motor Insurers (RAMI), for the first 9 months of this year MTPL GWP amounted to RUB 167.16 billion, which is almost the same level as a year ago.

The MARSH & McLENNAN Companies (MMC) reported Q3 2018 consolidated revenues of USD 3.50 billion (vs. USD 3.34 billion), up by 5% compared with the third quarter of 2017. The operating income was up to USD 541 million (vs. USD 535 million), while the net income attributable to the company was USD 276 million (vs. USD 393 million in Q3 2017).

Net profit of RESO-Garantia from January to September this year increased by 18% y-o-y and amounted to RUB 16.2 billion, as announced by the insurer.

From January to September this year, the paid claims' growth rate of O'zbekinvest Hayot amounted to 88% y-o-y and reached UZS 49.6 billion, announced UzReport.

The most important annual meeting of the Croatian insurers, the "Croatian Insurance Days", took place in Opatija, Croatia, on 7 - 9 November.