The PKO Bank Polski Group has completed the acquisition of 100% of the shares in KBC TFI, which was announced on 8 September 2017.

Chubb has named Matt Booker, Senior Vice President, Major Accounts Property in the United States.   In this capacity, he will have responsibility for underwriting, strategy, production, product development, management, and profit and loss (P&L) performance for Chubb's retail commercial large accounts property insurance business, which focuses on the risk transfer and fronting needs of domestic and multinational clients based in the United States.

ZURICH Insurance Group announced that it has entered into an agreement to acquire 100% of ANZ's life insurance businesses, OnePath Life, in Australia for AUD 2.85 billion (USD 2.14 billion).

Global re/insurance broker AON sait it has completed the acquisition of HENDERSON Insurance Broking Group, an independent UK-based broking firm.

Slovenian Group Sava Re will buy a 100% stake in NLB Nov penziski fond AD Skopje, a Macedonian pension fund owned by NLB bank, with assets under management of EUR 370 million.

The destructive Thomas Fire burning in Southern California is likely to become the largest in modern state history and impact reinsurance and retrocession markets, according to JLT Re quoted by BestWire.

Croatian bancassurer ERSTE osiguranje is due to merge with WIENER osiguranje at the end of April 2018, subject to the approval by local authorities, as the Austrian VIENNA Insurance Group announced in a statement.

Subject to approval by the local authorities and the relevant boards, Vienna Insurance Group (VIG) plans to merge its Czech subsidiary Pojistovna Ceske sporitelny (PCS) with its Group company Kooperativa pojistovna with effect from 1 January 2019.

QATAR Re, the reinsurance arm of Qatar Insurance has won the much-coveted "Bond / Sukuk Deal of the Year by a Debut Issuer award" at the Bonds, Loans & Sukuk Middle East Awards ceremony that was held onDecember 7 in Dubai.

PZU was awarded by the European Innovation Organization EFMA the "Insurance Innovation of the Month", in recognition of its innovative way of servicing Deaf and Hearing Impaired clients.

According to the "2017 Global Modeled Catastrophe Losses" report released by catastrophe modeling firm AIR Worldwide (AIR) the global insured average annual loss of 2017 was of about USD 80 billion.

A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of "a" of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries.

MAPFRE will disburse more than EUR 1.1 billion in compensation for the events that occurred in the third quarter of this year (hurricanes in the Caribbean and the USA, and earthquakes in Mexico). The estimated net impact on its income statement will be of EUR 176 million.

AON Switzerland, a division of global insurance and reinsurance broker AON, has acquired 100% interest in UNIDELTA AG, an insurance broker based in Rapperswil, St. Gallen, Switzerland.

ERGO announced it ends the discussions concerning the sale of its German life insurance companies with traditional life insurance portfolios.

German insurer ALLIANZ has announced plans to buy the shares in Paris-based credit insurer EULER HERMES it does not yet own by offering investors EUR 122 euros per share in cash.

Global reinsurer Swiss Re announced it has agreed to buy 1.1 million life insurance policies from UK financial service provider Legal & General Group (L&G) for GBP 650 million. These policies will be managed by ReAssure - the closed life book consolidator specialist unit of Swiss Re Life Capital business.

ERGO in the Baltic States recorded a positive bottom line result of EUR 6,8 million, almost double y-o-y, while GWP have increased by about 19%, to EUR 177 million in 3Q2017, outperforming the overall Baltic insurance market's performance (14.5% growth in GWP).

FITCH Ratings has assigned EUROHOLD Bulgaria AD's (EUROHOLD) EUR 70 million senior unsecured notes a 'B'/'RR4' rating. The notes are rated in line with EUROHOLD's Issuer Default Rating (IDR).

With aggregated GWP rising by around 3% to EUR 7,153 million and a 10% increase in the profit before taxes, Vienna Insurance Group (VIG) saw an upward trend in 3Q 2017 which confirms the positive evolution recorded since the beginning of 2016.