News - Insurance
Romania: Winter weather poses significant risks to homes and public safety, insurers warn
Low temperatures, heavy snowfall, and subsequent snowmelt can cause more than just inconvenience - they can generate significant risks affecting both residential properties and public safety, Romanian insurance industry representatives warned.
AIG appointed Adam Clifford as Chief Executive Officer, International Commercial Insurance
In December, American International Group (AIG) announced that Adam Clifford was appointed Chief Executive Officer, International Commercial Insurance, effective January 5, 2026.
Allianz appointed Dirk Vogler as Board Member at Allianz Partners to Oversee Solvd and Allianz Partners’ Mobility Business
In December, Allianz announced that Dirk Vogler joins Allianz Partners as Board Member overseeing the new Mobility line of business and becomes CEO of Solvd. Previous Solvd CEO Anne-Sophie Grouchka decided to step down from her role.
Bogdan Benczak’s appointment as CEO of PZU SA approved by the Polish Financial Supervision Authority
On December 22, 2025, the Polish Financial Supervision Authority unanimously approved the appointment of Bogdan Benczak as CEO of PZU SA, the company announced on its website.
CROATIA: Ante Žigman re-elected as member of the EIOPA Management Board
Ante Žigman, President of the Management Board of the Croatian Financial Services Supervisory Agency (Hanfa), was re-elected as a member of the Management Board of the European Insurance and Occupational Pensions Authority (EIOPA), osiguranje.hr reported.
Ivica Vulić appointed as Management Board member - Employee Representative of Zavarovalnica Triglav
Ivica Vulić has been appointed by the Supervisory Board as Management Board member - Employee Representative of Zavarovalnica Triglav d.d. upon the proposal of the Works Council.
John DePeters appointed as Executive Vice President, Head of Commercial Insurance and Specialty, Chubb Overseas General Insurance
In December Chubb announced that John DePeters was appointed Executive Vice President, Head of Commercial Insurance and Specialty, for Chubb Overseas General Insurance (COG), the company’s international general insurance operations, effective January 1, 2026.
Mike Mathews appointed as Digital Infrastructure Leader at Marsh McLennan
In December, Marsh McLennan, a global leader in risk, strategy, and people, announced the appointment of Mike Mathews as Global Digital Infrastructure Leader.
Scott Leney appointed as Regional President, AIG Asia Pacific
In December, American International Group (AIG) announced that Scott Leney was appointed Regional President, AIG Asia Pacific. Mr. Leney will lead AIG’s businesses in Australia, New Zealand, Singapore, Indonesia, Malaysia, Thailand, South Korea, Hong Kong, Taiwan, Vietnam, and the Philippines.
The Chairman & CEO of AIG Peter Zaffino to transition to Executive Chair of AIG and retire as CEO and Eric Andersen to join as President and CEO-elect
The Chairman & CEO of AIG Peter Zaffino has informed the AIG Board of Directors that he intends to transition to Executive Chair of AIG and retire as CEO by mid-year after successfully leading the company’s transformation and strategic repositioning as a leading global property and casualty insurer.
Xavier Pazmino appointed as Executive Vice President, Head of Marine, Chubb Overseas General Insurance
In December, Chubb announced that Xavier Pazmino was appointed Executive Vice President, Head of Marine, for Chubb Overseas General Insurance (COG), the company's international general insurance operations, effective February 2026.
Croatian Adris Grup plans a strong investment cycle worth more than EUR 480 million for 2026-2028 period
In December, the Supervisory Board of Adris Grupa considered and approved the company's business plan for the period from 2026 to 2028, which for a three-year period, among other things, includes capital investments in the amount of more than EUR 480 million, or an average of EUR 160 million per year, the company said on its website.
ALBANIA: The insurance market is up 10.2% in the first 11 months of 2025
The GWP of Albanian insurers rose 10.2% y-o-y to ALL 24.25 billion (EUR 251.3 million) in the first eleven months through November 2025, according to the Albanian Financial Supervisory Authority (AFSA), SeeNews wrote.
AZERBAIJAN: In January-November 2025, the market grew by almost 12% y-o-y
In January-November 2025, the insurance sector of Azerbaijan totaled AZN 1,365.35 million (~EUR 0.69 billion), which is 11.7% more y-o-y, ABC.AZ writes with reference to the report of the Central Bank of Azerbaijan.
BELARUS: In January-November 2025, both voluntary and compulsory insurance recorded growth
For January-November 2025, the insurance sector of Belarus amounted to BYN 2,585.0 million (~EUR 0.76 billion), which is 9.3% more y-o-y, according to the Ministry of Finance of the Republic of Belarus.
BULGARIA: Nina Kolchakova: The insurance market is set to see sustained growth in 2025
The insurance market in Bulgaria is set to see sustained growth in 2025, with premium income growing by around 20% y-o-y and paid claims by approximately 25%. This demonstrates the real and growing contribution of insurers to the financial stability of businesses and households, according to Nina Kolchakova, Secretary General of the Association of Bulgarian Insurers (ABZ).
CROATIA: In the first 11 months of 2025 the insurance sector reached EUR 1.9 billion
In the first 11 months of 2025 the insurance sector in Croatia totaled EUR 1.9 billion, which is 7.6% more y-o-y, according to the regulator's monthly report for November, osiguranje.hr writes.
CYPRUS: Alpha Bank merges Universal and Altius to create the third largest insurance group in Cyprus
Alpha Bank announced that it has reached an agreement for a strategic merge in Cyprus that is expected to lead to the creation of one of the three largest insurance groups in the country in both life and non-life sectors, with a leading position in the accidents and health insurance.
CYPRUS: The Insurance Association of Cyprus joins the Global Federation of Insurance Associations
The Insurance Association of Cyprus (IAC) announced its official membership, as of November 12, in the Global Federation of Insurance Associations (GFIA), the most important global federation of insurance associations and one of the most recognized representative bodies of the international insurance industry, cyprusinsurancenews.com reported.
ERGO completes the acquisition of ADB Gjensidige reinforcing its market position as third-largest insurance company in the Baltics
ERGO International AG, managing ERGO Group’s international business portfolio, announced the closing of the acquisition of ADB Gjensidige, the former Lithuanian subsidiary of Norwegian non-life insurer Gjensidige Forsikring ASA, including its branches in Estonia and Latvia.
14 January 2026