In Q1 2023, the Triglav Group increased its total business volume to EUR 484.6 million (+9% y-o-y) and generated EUR 18.5 million in profit before tax (-37% y-o-y). Results were affected by the more challenging business conditions accompanied by the effects of inflation, higher claim intensity, a lower health insurance result and the effects of methodological decisions in the transition to IFRS 17 and IFRS 9 accounting standards.

AIG announced that it has entered into a definitive agreement to sell Validus Re, including AlphaCat and the Talbot Treaty reinsurance business, to RenaissanceRe Holdings Ltd. for USD 2.985 billion, consisting of USD 2.735 billion in cash and USD 250 million in RenaissanceRe common shares.

The premiums written of UNIQA Insurance Group AG rose by 6.5% to EUR 1,980 million in the first quarter of 2023 compared to the same period of the previous year, as the Austrian insurer announced in a statement.

The Generali Group is among the best-in-class in promoting a strategic and purpose-driven narrative, in addressing sustainability and climate change issues, in talent attraction, and in using different formats for even more engaging and effective content, according to Lundquist's ranking.

Lloyd's of London announced the appointment of Rachel Turk in the new role of Chief Underwriting Officer.

German insurance group Allianz announced that Agust?n de la Cuerda is appointed as Commercial Managing Director for Iberia, and David Colmenares as Commercial Managing Director for Latin America.

German insurer Talanx Group announced in a statement it grew its insurance revenue and Group net income in the first three months of 2023.

In Q1 2023, German reinsurer Munich Re generated a net result of EUR 1,271 million vs. EUR 1,480 million a year before.

French insurer AXA informed it closed Q1 2023 with business worth EUR 31.8 billion, up from EUR 31.2 billion a year before, of which Property & Casualty - EUR 18.6 billion, Life & Health - EUR 12.8 billion, Asset Management - EUR 0.4 billion.

Austrian insurer Vienna Insurance Group informed it launches user-friendly app based on telematics in the Czech Republic

French reinsurer SCOR posted insurance revenue of EUR 3.92 billion in Q1 2023, down 4.2% compared with Q1 2022. Gross written premiums stand at EUR 4.74 billion, down 0.7% at constant exchange rates (up 0.6% at current exchange rates) compared with Q1 2022. At the same time, the insurer reported group net income of EUR 311 million in Q1 2023, compared with a net loss of EUR -35 million in Q1 2022.

Generali Group, one of the largest global insurance providers, has launched Generali Malaysia following the acquisition of a controlling majority in AXA Affin joint ventures in Malaysia and 100% purchase of MPI Generali Insurans Berhad.

German insurance group Allianz informed that at Q1 2023 its total business volume rises 3.9% to EUR 46.0 billion, driven by "the Property-Casualty business segment which benefited from higher prices and volumes. This result was partly offset by lower business volumes in the Life/Health business segment, primarily due to softer single-premium volumes, and a decrease in AuM-driven revenues in our Asset Management business segment".

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group reported Q1 2023 Total Gross Premium Written (GPW) of EUR 3.736 billion, +20% better than prior year (Q1 2022: EUR 3.118 billion).

Hannover Re in the first quarter of 2023 generated an increased profit. Group net income rose to EUR 484 million, according to the recent group's quarterly statement.

Italian insurer Generali announced it has reached an agreement with Frankfurter Leben for the disposal of Generali Deutschland Pensionskasse AG (GDPK).

Allianz Group informed it has committed EUR 6 million to support relief and recovery efforts in Turkiye and Syria after a catastrophic series of earthquakes struck the region on February 6, 2023. Allianz has also unveiled a nationwide earthquake awareness program and projects to build critical facilities for children left destitute by the earthquakes in Turkiye.

Germany's Talanx Group, the parent company of Hannover Re, informed that at the Talanx AG's General Meeting were elected three new members of the Supervisory Board: Joachim Brenk, Christof Gunther and Sandra Reich.

Swiss Re reported a net income of USD 643 million for the first quarter of 2023 as improved profitability in all main businesses absorbed large natural catastrophe losses and seasonally higher mortality in winter months.

Euroins Insurance Group (EIG), owned by Eurohold Bulgaria AD, insured two-thirds of Ukraine's grain exports in 2022. EIG's Ukrainian subsidiary insured nearly 1,800 grain shipments, totaling USD 5 billion and accounting for 65% of the value of Ukraine's total grain exports, according to Statista.