SCOR announced the creation of SCOR Europe SE, its new Paris-based P&C specialty insurance company, which has been approved by the French supervisory authority, the ACPR (Autorite de Controle Prudentiel et de Resolution).

The Italian group GENERALI has announced today its strategic lines of development until 2021, built on three strategic pillars which include initiatives that will each contribute towards delivery of the Group's financial targets: Profitable growth; Capital Management and Financial Optimization; Innovation and Digital Transformation.

AXA XL's Reinsurance operation announced that it has acquired all third-party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Limited.

In Q3 2018 the PZU Group recorded the highest quarterly net profit in the last five years. At Group level, the net profit reached PLN 1.56 billion (EUR 366.75 million) in Q3 and increased by 34.6% y-o-y, to PLN 3.9 billion (EUR 916.9 million) for the first three quarters.

TOKIO MARINE Group will transfer the existing portfolio of policies written out of Continental European operations to its newly established insurance company subsidiary, TOKIO MARINE Europe S.A. (TME), in preparation for the UK's exit from the European Union (EU).

WILLIS TOWERS WATSON announced that Victor GANZI will replace James McCann as Chairman of the Board from 1 January 2019. McCann will continue to serve as a Director and as Chairman of the Nominating and Governance Committee, as the broker stated in a press release.

Italian financial group GENERALI has launched GENERALI Global Pension (GGP), a new business unit dedicated to pensions. GGP is headed by Anne de LANVERSIN.

The global insurance broker MARSH announced the formation of MARSH-JLT Specialty - the new specialty business that combines the specialty teams of MARSH and JARDINE LLOYD THOMPSON Group (JLT) and will be headed by Dominic BURKE, currently CEO of JLT Group.

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Global insurance broker Willis Towers Watson (WTW) expanded its presence in Kazakhstan - by opening a new entity to serve clients in "this key Central Asian growth market", as the company officials affirmed in a statement.

The International Accounting Standards Board has voted to propose a one-year deferral of the effective date for IFRS 17, the new insurance contracts Standard, to 2022.

In 3Q2018, the Slovene TRIGLAV Group posted a profit before tax of EUR 69.9 million, 8% more y-o-y, mostly thanks to the profitable underwriting. Considering the business conditions anticipated until the year end, the Group confirms its annual profit guidance.

The Supervisory Board of Zavarovalnica TRIGLAV reappointed the President of the Management Board of Zavarovalnica TRIGLAV Andrej SLAPAR for a new five-year term of office and approved the proposal submitted by the President of the Management Board, reappointing Uros IVANC and Tadej COROLI as Members of the Management Board.

ZURICH Insurance Group reported a 2% increase in its 3Q2018 property and casualty business and confirmed its financial targets, according to a statement posted on the insurer website.

Lloyd's, the specialist insurance and reinsurance market announced that Neil MAIDMENT has been appointed as an independent non-executive of the Lloyd's Board with effect from February 2019.

German insurer ALLIANZ announced its total revenues increased by 7.9%, to EUR 30.5 billion in Q3 2018, while the operating profit grew by 20.6%, to EUR 3.0 billion. Overall, the net income attributable to shareholders was up by 23.6% to EUR 1.9 billion, "mainly driven by the increased operating profit".

According to the latest edition of the monthly Global Catastrophe Recap report published by Impact Forecasting, AON's catastrophe model development team, hurricane Michael is expected to leave USD 15 billion financial impact on US economy.

German reinsurer HANNOVER Re increased Group net income by 32.1% at 30 September 2018 to EUR 725.3 million (EUR 548.9 million) and confirms the profit guidance of more than EUR 1 billion for 2018.

HANNOVER Re's long-serving Executive Board Member Jurgen GRAEBER passed away suddenly and unexpectedly on 9 November 2018 at the age of 62. May he rest in peace.