Munich Re achieved a profit of EUR 1,903 million in the first three quarters of 2022, by 7.6% lower y-o-y, high major-loss expenditure in property-casualty reinsurance and strong performance in life and health business being the major impact factors, as well as a robust increase in reinvestment yield.

Austrian VIG informed it has applied for listing of its shares on the Budapest Stock Exchange. The shares of VIG (ISIN AT0000908504) have been listed on the Vienna Stock Exchange since 1994 and on the Prague Stock Exchange since 2008.

Generali's Portuguese entity Tranquilidade has entered into a long-term distribution agreement established with CTT Group (the Portuguese postal services group) for the distribution of Life and P&C policies through the CTT Group network (post office network, as well as its bank, Banco CTT).

AIG - American International Group - announced that the Board of Directors has elected Paola Bergamaschi as a director of the company, effective December 1, 2022.

AXA's gross revenues went up by 2% on a comparable basis, to EUR 78.4 billion in 9M 2022. In P&C Commercial lines, insurance revenues increased by 6% to EUR 24.4 billion. Estimated claims from Hurricane Ian of EUR 0.4 billion, gross of tax and net of reinsurance.

Hannover Re considers its earnings guidance for the 2022 financial year still achievable despite the 3Qs significant natural catastrophe expenditures that pushed up the combined ratio to 99.2%. Gross premium grew by 21%, while the group's operating profit rose by 3.7%, to EUR 1,328 million.

CROATIA osiguranje Group - one of the largest insurers in Adriatic region with operations in Croatia, Bosnia-Herzegovina, North Macedonia, Serbia and Slovenia, posted January-September 2022 consolidated net profit of HRK 321.6 million (~EUR 42.7 million), which represents an increase of 0.8% compared to the comparative period of the previous year.

Global re/insurance broker AON announced that its Q3 2022 total revenue was flat at USD 2.7 billion compared to the prior year period, while net income increased to USD 408 million compared to a net loss of USD-900 million in the prior year period.

Global re/insurance broker MMC posted Q3 2022 aggregate revenue of USD 4.8 billion, an increase of 4% compared with the third quarter of 2021. Q3 operating income was USD 791 million, an increase of 7% from the prior year.

Swiss Re reported a net loss of USD 285 million for the first nine months of 2022- compared with a net income of USD 1.3 billion for the same period last year, - driven by a USD 442 million net loss in the third quarter. The decline was mainly driven by significantly lower investment results, large natural catastrophe claims of USD 2.7 billion as well as first-quarter reserves of USD 283 million related to the war in Ukraine, as the reinsurer mentioned in a statement.

AXA announced that AXA Spain has entered into exclusive negotiations with Groupe des Assurances du Credit Mutuel (GACM SA) for the potential acquisition of its subsidiary Groupe Assurances du Credit Mutuel Espana (GACM Espana), a predominantly P&C and Health insurer in Spain.

E+S Ruckversicherung AG, the Hannover Re subsidiary responsible for the Group's German business, expects significant improvements in risk-adjusted prices and conditions in property and casualty reinsurance on the back of continued heavy claims expenditure and soaring inflation.

Global reinsurer Swiss Re estimates its preliminary claims from Hurricane Ian at approximately USD 1.3 billion, resulting in an expected Group net loss of approximately USD 0.5 billion for the third quarter of 2022.

Prague-based reinsurer VIG Re part of Austrian Vienna Insurance Group announced that on 17th October 2022, Standard & Poor's confirmed its long-term public issuer credit rating of "A+" and financial strength rating of "A+" with stable outlook for VIG RE zajistovna, a.s.

German reinsurer Munich Re anticipates a quarterly profit of about EUR 0.5 billion, despite in Q3 2022 the company registered higher-than-average major-loss expenditure in property-casualty reinsurance.

Euroins Romania, the MTPL market leader in Romania, with an almost 32% market share on this LoB, increased its effort to extend the company business on the facultative insurance side. Non-MTPL GWP and number of contracts more than doubled in Q2 2022, the company said.

Widespread inflation and increasing healthcare utilization are combining to drive projected increases in global healthcare benefit costs to their highest level in nearly 15 years, according to a survey of global medical insurers conducted by WTW.

Dutch insurance group Aegon announced that it has successfully completed the divestment of its 50% stake in the Spanish insurance joint venture with Liberbank to Unicaja Banco.

VIG Re, the reinsurance company of Vienna Insurance Group, announced the appointment of Tobias Sonndorfer as the new member of the Board of Directors, with effect from 1^st January 2023, expanding the number of board members from current three to four.

Suzanna KONING has been appointed chair of the board of InShared, ACHMEA's all-round online insurer with effect from 5 October 2022.