Based on consolidated, unaudited figures, the Talanx Group informed it slightly exceeded its FY 2022 target for Group net income with a rise of 16%, to EUR 1.17 billion. Its forecast was for a figure in the EUR 1.05-1.15 billion range.

German reinsurer Hannover Re informed it achieved better prices & conditions at Jan 1 reinsurance renewals. "Hannover Re achieved an inflation- and risk-adjusted price increase on renewed business of 8.0% in the treaty renewals as at 1 January 2023 in traditional property and casualty reinsurance", as the company's representative mentioned in a statement.

Global insurance broker WTW announced Q4 2022 revenue worth USD 2.72, an increase of 1% as compared to the same period in the prior year, while for the year ended December 31, 2022 the company reported revenue worth USD 8.87 billion vs. USD 9.0 billion for the prior year.

Hannover Re achieved an inflation- and risk-adjusted price increase on renewed business of 8.0% in the treaty renewals as at 1 January 2023 in traditional property and casualty reinsurance.

Global re-insurance broker AON posted 2% growth in Q4 2022 revenue to USD 3.13 billion (vs. USD 3.08 billion) and 10% growth in FY 2022 revenue to USD 12.47 billion (vs. USD 12.19 billion), due to double-digit increases reported in Reinsurance Solution: +27% in Q4, while the FY2022 growth rate was 10%.

German reinsurer Hannover Re generated a Group net income of EUR 1.41 billion in 2022 vs. EUR 1.23 billion a year before, "based on preliminary, unaudited key figures, thus achieving the forecast specified in November 2022", while gross written premium rose by 12.7% to EUR 33.3 billion (vs. EUR 27.8 billion).

Global commercial insurance prices increased 4% in the fourth quarter of 2022 (down from a 6% increase in Q3 and a 9% increase in Q2), according to the Global Insurance Market Index released by the insurance brokerage company Marsh.

Marsh McLennan (MMC) announced that Flavio Piccolomini and Pat Tomlinson have been named Marsh McLennan International CEO and US and Canada CEO, respectively. "They will lead a new collaborative effort to better serve clients and deliver innovative solutions at the intersections of the Company's four businesses: Marsh, Mercer, Guy Carpenter and Oliver Wyman".

Global reinsurer Swiss Re announced plans to streamline its organisational structure. Thus, the current Reinsurance Business Unit will be split into Property & Casualty Reinsurance (P&C Re) and Life & Health Reinsurance (L&H Re), with "each having full authority over the respective underwriting and claims management processes".

Global re/insurance broker MARSH McLENNAN - MMC posted Q4 2022 aggregate revenue of USD 5 billion, an increase of 7% y-o-y. Q4 operating income was USD 680 million, compared with USD 986 million in the prior year period. The consolidated revenue in 2022 was of USD 20.7 billion, an increase of 5% compared to the prior year period, while operating income was USD 4.3 billion.

American International Group (AIG) announced that Thomas F. Motamed, a Director of the company since January 2019, is retiring from the Board of Directors for health reasons.

During 2022, natural disasters caused a USD 313 billion global economic loss - 4% above the 21st-century average, of which USD 132 billion was covered by insurance, or 42% of total, according to the 2023 Weather, Climate and Catastrophe Insight report, published by the global re/insurance broker AON.

Cyber incidents and Business interruption (BI) rank as the biggest company concerns for the second year in succession (both with 34% of all responses), according to the Allianz Risk Barometer 2023.

Cost of living crisis is biggest short-term risk while failure of climate mitigation and climate adaptation are largest long-term concerns, while geopolitical rivalries and inward-looking stances will heighten economic constraints and further exacerbate both short- and long-term risks, according to the Global Risks Report 2023.

Global reinsurer Swiss Re announced the appointment of Velina Peneva as Group Chief Investment Officer and member of the Group Executive Committee, effective 1 April 2023. She will succeed Guido Furer following his retirement after 25 successful years at Swiss Re.

Generali Global Corporate & Commercial (GC&C) announced the appointment of Christian Kanu as CEO, effective January 30, 2023. Manlio Lostuzzi, Regional Officer International - Central Eastern Europe Region and current ad-interim CEO of GC&C, will keep his role in GC&C until 29 January 2023.

Marsh, a global leader in insurance broking and risk consultancy, announces the appointment of Nilay Ozden to head Marsh Specialty, Europe. Nilay is based in the London office and will report to Lucy Clarke, President, Marsh Specialty and Global Placement and Christos Adamantiadis, CEO, Europe, Marsh.

American International Group announced that Shane Fitzsimons, Executive Vice President and Chief Financial Officer, AIG, will take a temporary medical leave of absence, effective immediately.

Global reinsurer Munich Re informed it estimates 2022 overall losses of around USD 270 billion (previous year USD 320 billion) of which roughly 44% or USD 120 billion were covered by the insurance industry. Munich Re representatives pointed out that 2022 overall losses were close to the average for the last five years, while insured losses were roughly USD 23 billion above the 2017-2021 average (USD 97 billion).

The war in Ukraine, high food and energy prices, the fight against inflation, the looming recession, the transition to renewable energy, and China's uncertain post-pandemic path present just some of the entangling challenges that will preoccupy the global economy in the following years, according to Allianz Research's recently published Economic Outlook 2023-2024 report.