Global reinsurer Munich Re informed it achieved both a "good investment result in Q1 2023 and a pleasing operational business performance".

Zurich Insurance Group (Zurich) has published its Financial Condition Report 2022, reaffirming the strong financial position and robust balance sheet of the Group.

Global re/insurance broker AON informed that its Q1 2023 total revenue increased by 5% to USD 3.9 billion, "reflecting 7% organic revenue growth and a 1% favorable impact from fiduciary investment income, partially offset by a 3% unfavorable impact from foreign currency translation".

Hungarian insurer Posta Biztosito is in Hungarian hands, after the state-owned Corvinus International Investment Company has closed the acquisition of 66.9% stakes (the remaining 33.1% being held by Magyar Posta) in the life & general insurance units of state-owned postal company Magyar Posta from Germany's Talanx, informed bbj.hu here quoting press released by the Ministry of Economic Development.

Global reinsurer Swiss Re announced that Sergio P. Ermotti stepped down as Chairman of the Board of Directors on 30 April 2023, after completing the agreed handover period, to fully focus on his role at UBS.

Polish insurance distribution platform UNILINK group announced change in the position of the President of the Management Board of Unilink in Poland. Thus, Aleksandra Friedel, who had previously been a member of the company's management board, became the new president.

French reinsurer SCOR announced positive results during the April 2023 renewals. "Like the January 2023 renewals, the April 1, 2023 P&C reinsurance renewals are taking place in a favorable market environment for reinsurers, both in terms of pricing and terms and conditions. In this supportive market, SCOR is actively pursuing the deployment of its capital by building on its relationships with its long-term clients".

Marsh McLennan - MMC - the global provider in the areas of Risk & Insurance Services and Consulting sector posted Q1 2023 consolidated revenue worth USD 5.9 billion, an increase of 7% compared with the first quarter of 2022.

Vienna Insurance Group (VIG) published its reports for the 2022 financial year on 19 April 2023, confirming the preliminary figures communicated on 15 March 2023. The documents undeline not only the remarkable good financial results, but also the strong commitment to sustainability goals.

Dutch insurance group Achmea announced its healthcare organisation Pim Mulier will operate independently from 1 June 2023.

The European Bank for Reconstruction and Development (EBRD), which is a minority shareholder in Bulgarian Euroins Insurance Group AD (EIG), part of Eurohold Bulgaria AD, published on its website on April 5 a position on the case with Euroins Romania and on the state of the Romanian insurance market.

Chubb announced the appointment of Benoit Chasseguet as Country President for France: "Subject to regulatory approval, the appointment is effective immediately".

Belgian financial group KBG announced its Board of Directors has decided to propose to the General Meeting of Shareholders that Marc De Ceuster be appointed as a new director on the Board of Directors of KBC Group. He will also become Chairman of the Audit Committee of KBC Group.

According to a new paper published by the global insurance broker Marsh, the future of some of the world's most important shipping lanes - including the Suez and Panama Canals and other sea-facing port and terminal infrastructure - could be impaired from risks associated with climate change. According to Marsh, this could have implications for regional economies, global food security, and supply chains in the medium and long term.

Global insurance broker Marsh announced that Sarah Stephens, current Head of Cyber for the UK and International, Marsh Specialty, will assume the role of US Central Zone Leader effective May 1, reporting to Pat Donnelly, President, US and Canada, Marsh.

VIG Re, the reinsurance company of Vienna Insurance Group, continues to strengthen its senior management team and has announced today the appointment of Dana Bohatová Chládková as Chief Actuary and Head of Reserving effective from 1 May 2023. 

Dutch insurance group Achmea announced its 2022 Gross premium volume increased by 5.3% to EUR 21 billion, while "in line with development financial markets the investment income decreased by EUR 453 million resulting in a lower operational result".

Fitch Ratings has downgraded Euroins Romania Insurer Financial Strength Rating (IFS) to 'CC' from 'B+' and placed it on Rating Watch Evolving (RWE).

Global reinurer Munich Re has discontinued its membership in the Net-Zero Insurance Alliance (NZIA). "In our view, the opportunities to pursue decarbonisation goals in a collective approach among insurers worldwide without exposing ourselves to material antitrust risks are so limited that it is more effective to pursue our climate ambition to reduce global warming individually," says Joachim Wenning, CEO of Munich Re.

In 2022, the sales of the PZU Group reached the highest level in the history of the insurer, exceeding the strategic goal. The Group also had high profit and profitability ratio, despite pressure of the Polish economy, Gazeta Ubezpieczeniowa reports.