The international rating agency Standard & Poor's (S&P) has given the Vienna Insurance Group (VIG) an excellent rating of "A+" and a Stable Outlook. The "A+" rating with a stable outlook of the group's own reinsurance company VIG Re, based in Prague, was also confirmed.

Staying true to its “living better together” motto, Austrian UNIQA Group is taking a further step beyond the traditional insurance business by establishing a new subsidiary, UNIQA Sustainable Business Solutions, that will support corporate customers in risk issues, transformation and ESG topics.

Zavarovalnica Triglav issued a 20.5-year subordinated bond (Tier 2 under Solvency II), callable after 10.5 years as part of the Triglav Group's regular capital management activities.

Generali announced its support for the Insurance Development Forum’s Infrastructure Resilience Development Blueprint, an initiative aiming to mobilize and facilitate insurance sector investments in infrastructure that will enhance the resilience of vulnerable communities to risks from climate change and other natural disasters.

S&P Global Ratings affirmed the "A" financial strength and issuer credit ratings with a stable medium-term outlook of the Triglav Group and thereby of its parent company Zavarovalnica Triglav and the Group member Pozavarovalnica Triglav Re. All individual elements of this year's rating are at the same level as last year and the rating is based solely on an assessment of the Group's standalone credit profile.

As of July 1st, the merger of the Polish insurers belonging to the Vienna Insurance Group (VIG), Wiener and Compensa, became official. The newly created company operates under the Compensa brand and is ranking fourth among the VIG’s CEE subsidiaries.

Following the necessary regulatory and competition approvals, Generali CEE Holding BV, the parent company of Generali subsidiaries in the CEE, announced it has completed the acquisition of 4LifeDirect sp. z o. o., an innovative life insurance distribution company in Poland.

Jarosław MATUSIEWICZ was appointed to the Management Board of TUZ Ubezpieczenia, in which starting 1 July he performs the duties of the President, awaiting the consent of the Polish Financial Supervision Authority (KNF) to assume the function of President of the Management Board

Zurich Insurance Group announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, plus a potential additional earn-out payment.

Global re/insurance broker Aon announced that the forthcoming launch of its Reinsurance Market Dynamics July 2024 report, which will provide a comprehensive analysis of the marketplace at the June/July 2024 reinsurance renewals - reveals that insurers generally achieved positive mid-year renewal outcomes, which included rate reductions for property catastrophe risk and improvements in terms and coverage.

Following the announcement on the new Group’s organizational structure, Generali announces that Carlo Trabattoni is appointed Chair of the Board of Directors of Generali Real Estate S.p.A. SGR (GRE SGR), the Group’s company focused on the management of real estate investment funds.

Global re/insurance broker Aon announced that Lisa Stevens will transition into a newly created Chief Administrative Officer role overseeing the People Organization, Marketing and Communications, and Public Affairs.

Generali announced that Carlo TRABATTONI is appointed Chair of the Board of Directors of Generali Real Estate S.p.A. SGR, the Group’s company focused on the management of real estate investment funds. Aldo Mazzocco, CEO of Generali Real Estate S.p.A., also takes up the position of Vice Chair of GRE SGR.

Optio Group, a leading specialty MGA, announced the appointment of Deepak Soni as Chief Executive Officer.

Zurich Insurance Group announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, plus a potential additional earn-out payment.

Credit rating agency Fitch has affirmed its assessment to Eurohold Bulgaria AD’s Long Term Issuer Default Rating at ‘B’ with a stable outlook, as the Bulgarian holding informed in a statement.

Zurich announced the successful completion of acquiring majority stake in Indian insurer Kotak General Insurance from Kotak Mahindra Bank Limited, following the receipt of all necessary regulatory approvals.

At the General Assembly of the Adris Group, as a part of the presentation of Adris Group companies, Management Board of CROATIA osiguranje d.d. informed about business performance in the past year as well as trends in the first six months of the current year.

The world is facing multiple interconnected crises which bring about ever-more complex risks, finds Swiss Re's 12th SONAR emerging risk report. It explores critical topics of the future to foster better understanding of new or changing risks, their interactions and dependencies.

Argenta Holdings Limited, today announces the appointment of Niranjan Nathan as group chief risk officer (subject to regulatory approvals), assuming the role from Carol-Ann Burton, who will continue as group general counsel and compliance director.