Re/insurance broker Willis Towers Watson (WTW) announced that it has selected Inga BEALE, Fumbi CHIMA, Michael HAMMOND, and Michelle SWANBACK to join its Board of Directors.

Belgium-based KBC Bank and Austria-based Raiffeisen Bank International ('RBI') reached an agreement for KBC to acquire 100% of the shares of Raiffeisen bank (Bulgaria) EAD, comprising RBI's Bulgarian banking operations.

After the first nine months of the year, the Talanx Group is ready to achieve its annual target for net income of EUR 900-950 million. Net income for the period increased to EUR 723 million (from EUR 520 million), despite heavy losses from natural disasters, insurancedaily.gr reports.

Global insurance broker Marsh announced the appointment of Pat DONNELLY, currently Head of Marsh Specialty for Marsh US and Canada, as President of Marsh US and Canada, effective January 1, 2022.

In the first nine months of 2021, the Sava Insurance Group generated EUR 548.8 million in operating revenue and a net profit of EUR 57.2 million vs. EUR 46.7 million a year before. The Sava Insurance Group's operating revenue and net profit represented 80% and 108%, respectively, of the full-year 2021 targets, thus company representatives believes that the estimated profit for 2021 published after the close of the half year will be exceeded.

Slovene largest insurance group Triglav reported 9 months 2021 10% increasing GWP to EUR 1.06 billion and consolidated profit before tax of EUR 92.1 million, up by 48% relative to the same period last year.

Swiss Re Institute's latest sigma study forecasts the global insurance industry to reach a new record in global premiums by mid-2022, exceeding USD 7 trillion. "This comes earlier than Swiss Re estimated in July and reflects rising risk awareness, increasing demand for protection and rate hardening in non-life insurance commercial lines".

Austrian insurance Group UNIQA reported 9 months 2021 GWP worth EUR 4.83 billion, 18% more y-o-y - - as a result of the first-time consolidation of the former AXA companies in CEE, and earnings before taxes of EUR 298.7 million, 39.7% more vs. September 2020 (EUR 213.8 million).

Vienna Insurance Group's results for 9M2021 have improved significantly y-o-y, exceeding the pre-crisis figures (2019). Net profit went up by approx. 54% and earnings per share increase to EUR 2.86. Premium volume increases 5.1% to EUR 8.4 billion. Combined ratio improves 0.9 percentage points to 95.2%.

Munich Re posted a profit of EUR 366 million for Q3 and EUR 2,061 million for three quarters. High natural catastrophe claims made their mark on the quarter.

Zurich's GWP in Property & Casualty (P&C) for the first nine months increased 11%, adjusting for currency movements, acquisitions and disposals. Growth was supported by higher premium rates, driven by increases in commercial insurance across all regions.

French insurer AXA has reported a 7% rise in revenue to EUR 76 billion for the first nine months of 2021, supported by growth on all operations.

Italian insurer Generali announced for the first nine months of the year an increase in the operating profit and gross written premiums, "in line with the successful completion of the 'Generali 2021' strategic plan".

Dutch insurer Achmea announced that it is contributing with about EUR 380 million from its reserves to limit the increase in the basic healthcare premiums for 2022.

The majority shareholder of CEZ Distribution Bulgaria AD and CEZ Electro Bulgaria AD - Eastern European Electric Company B.V. (EEEC), part of urohold Bulgaria AD, will increase its interests in the two companies to 88.2% and 69.3% of the capital, respectively, as a result of the public tender offers carried out and following the completion of the deals with the shareholders that have accepted the offers.

Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE effective 31 December 2021, thus underscoring its strategic positioning as a pure reinsurer also freeing up previously committed risk capital to be used for the company's core business growth.

Allianz Group has delivered a strong operating performance across all business segments, the German group announced. In 9M 2021, the Group has achieved 82% of the operating profit target of EUR 12 billion for the year, driven by all three business lines.

Albanian insurance market posted total Q3 2021 GWP of ALL 14.16 billion (~EUR 116.56 million), or 18.06% more compared to January-September 2020, according to the most recent figures published on the local financial supervisory authority - AFSA.

Hannover Re increased its Group net income in the first nine months of 2021 year by 28% and considers itself still in position to achieve the profit target set for the current financial year despite considerable major loss expenditure incurred in Q3.

Belgian financial group KBC informed that Julia KIRALY, non-executive, independent director on the Board of Directors of KBC Group and member of the Audit and Remuneration Committee of KBC Group, has announced that for personal reasons she wishes to resign as director.