The Romanian Motor Insurers Bureau (BAAR) has annaounced the new leading team where Madalin Rosu, a representative of OMNIASIG, has been re-elected as President. EUROINS Romania returns to the management of the association and Tanja Blatnik, General Manager of the company, became the newest member of the Board of Directors.

S&P Global Ratings has affirmed the financial strength ratings at "A-" for International General Insurance Holdings Ltd. (IGI), an international specialty risks commercial insurer and reinsurer. The rating company also affirmed that the outlook of IGI is stable.

Austrian Insurance Group UNIQA started 2021 with a strong performance: an underwriting result of EUR 62.5 million, while the investment result reached EUR 150.1 million. The consolidation of the AXA companies in Poland, the Czech Republic and Slovakia has already resulted in positive effects.

Holding a Top 3 position in each CEE market where it operates, except for Slovenia, is the goal set by the Vienna Insurance Group (VIG) for 2025. "We want to achieve this through organic growth, but we will also consider possible acquisitions," CEO Elisabeth Stadler told SeeNews in a recent interview.

The French insurers have agreed the signing of a settlement in order to restore peaceful relations. Covea and SCOR have decided to renew the relationship based on professionalism and mutual support that they enjoyed for many years and in keeping with their respective independence.

AON has launched of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events worldwide during May 2021.According to the report, U.S. insurers face a multi-billion-dollar payout, as convective storms resulted in extensive hail, tornado, wind and flood damage.

Polish insurance group PZU SA announced the resignation of one Supervisory Board Member and one Management Board Member.

American International Group (AIG) announced that Quentin McMillan will join the company as Vice President, Managing Director and Head of Investor Relations, effective June 7, 2021. Based in New York City, McMillan will report to Mark Lyons, Chief Financial Officer, AIG.

Chubb Limited announced that Mark Hammond, who currently serves as Treasurer of Chubb Group, has been appointed to the additional role of Deputy Chief Financial Officer, a new position.

Fitch Ratings affirmed Generali's 'A-' Insurance Financial Strength (IFS) rating. The agency also affirmed the 'BBB+' Issuer Default Rating (IDR), and the outlooks remain stable. The rating actions follow Generali's announcement of the cash voluntary public tender offer for all shares of Cattolica not owned by Generali for approximately EUR 1.2 billion.

Insuramore has made an analysis for the worldwide market insurance broking companies for 2020 and their results showed that in terms of fees and commissions, the earned was around USD 117.7 billion. However, significant further consolidation is taking place during 2021.

SCOR has developed Optical Character Recognition (OCR) modules which will help life insurers maximize the value of the information they have at their fingertips. SCOR's Data Analytics team is focused on providing technologies for life insurers, delivering speed and a better risk experience.

Swiss Re has issued the SONAR 2021 Report: New Emerging Risks Insights which presents emerging technological risks around biased product testing. As the COVID-19 crisis continues to play a defining role in our lives, Swiss Re's Report identified the threats that will shape the future post-COVID-19 risk landscape.

Dutch insurer AEGON announced on the Annual General Meeting (AGM) the of Shareholders approved all resolutions on the agenda. These include adoption of the Annual Accounts for the financial year 2020 and a final dividend for 2020 of EUR 0.06 per common share, bringing Aegon's total dividend for 2020 to EUR 0.12 per common share.

AXA has completed the sale of its insurance operations in Greece and announced that it has completed the sale of its Life & Savings and Property & Casualty businesses in Greece to Generali, for a total cash consideration of EUR 167 million.

The complaint filed by Covea against Denis Kessler, Chairman and CEO of SCOR is not supported by the French Financial markets authority (AMF) which informed the French Financial prosecution office that the information it has gathered does not support the serious charges of market abuse.

Insurance Europe's general assembly has unanimously voted to extend the mandate of Andreas Brandstetter as president for a further three years. At the same time, the assembly elected Sandro Panizza, group chief insurance & investment officer at Generali Group, as vice president of Insurance Europe.

SCOR has named Olivier Gay as Chief Executive Officer for SCOR Canada Reinsurance Company, succeeding Paul Christoff, effective June 11, 2021. He will continue to serve as Chief Underwriting Officer for SCOR Canada and will report to John Jenkins, CEO of Reinsurance Operations for the Americas.

Marsh McLennan (MMC) announced that Nick Studer has been appointed President and CEO of Oliver Wyman Group effective July 1, 2021. He will also become a Vice Chair of Marsh McLennan and join the company's Executive Committee.

Allianz Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group - announced that Scott Sayce will join Allianz Global Corporate & Specialty (AGCS) as Global Head of Cyber, effective September 1, 2021.