Polish insurer COMPENSA has launched the most comprehensive digitalisation project to be implemented within the VIG Group, Genesis, with the goal of using its results also for other Group companies.

Fitch Ratings has affirmed Russia-based JSC IC Allianz's (Allianz Russia) Insurer Financial Strength (IFS) Rating at 'BBB-'. The Outlook is Stable.

Reduced market access, regulatory fragmentation, return of inflation, cloud risk accumulation, but also emerging liability legislation for artificial intelligence, are some of the key risks identified in this year's SONAR report published by Swiss Re.

TRUST Re achieved Gross Written Premium of USD 230.8 million in Q1 2017, up 32.6% from USD 174.0 million one year ago. Net Profit rose by 5.9% to USD 9.0 million (Q1 2016: USD 8.5 million).

Prague headquartered VIG Re aims to strengthen its underwriting activities in Germany and to enter additional countries mainly in continental Europe, according to the company's 2016 annual report.

Fairfax Financial Holdings Ltd. has agreed to reduce its holdings in Mumbai, India-based insurer ICICI Lombard General Insurance Company Ltd., a joint venture between ICICI Bank and Toronto-based Fairfax.

XL Catlin has announced that is has extended its global property insurance capacity by 25% to USD 500 million, available on a quota share or layered basis to address more of business's global and domestic property insurance needs.

A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" of the rated insurance subsidiaries of AVIVA plc (UK).

The Austrian insurer UNIQA reported stable Q1 2017 EBT (earnings before taxes) of EUR 33.1 million, while the value of premiums written was up by 5.1% y-o-y, to EUR 1.51 billion.

The PZU's Management Board has proposed to the Ordinary Shareholder Meeting ("OSM") the distribution of PZU SA's net profit for the year 2016, in the amount of PLN 1,20 billion i.e. PLN 1.40 per share.

Net profit of the Slovene TRIGLAV Group reached EUR 22.3 million in 1Q. Consolidated gross insurance and co-insurance premiums totalled EUR 281 million, 8% up y-o-y, all markets and business lines recording a positive dynamic.

"NN Group showed a strong performance in the first quarter of 2017, with all segments contributing to the increase in the Group's operating result compared with the first quarter of 2016. We continue to improve efficiency, with cost savings in the Netherlands bringing the expense base down further. And our balance sheet remains robust, with NN Group

Polish state-run insurer PZU said it will stick to the group's existing strategy under new CEO Pawel SUROWKA, and a dividend payout of at least 50% of net profit this year, reported Reuters.

German insurer TALANX posted an Q1 2017 net income of EUR 238 million (vs. EUR 222 million at the end of March 2016, or 7.2% more y-o-y) reaffirming its outlook for financial year 2017.

Bulgarian EUROINS Insurance Group AD (EIG) announced Q1 2017 GWP of BGN 170 million (~ EUR 87 million), 40% up y-o-y. "EIG's management forecasts a premium income of BGN 700 million for the whole 2017", said EIG .

Italian GENERALI's GWP in Q1 2017 stood at EUR 19.23 billion (-2.5% y-o-y). The Combined Ratio was 93.1% (+1.1%), the operating result improved to EUR 1.21 billion (+4.2%) while the net profit was down by 9% to EUR 535 million.

Slovenian SAVA Re Group reported Q1 2017 GWP of EUR 159.9 million, up by 4.2% y-o-y, while the net profit increased by 29% y-o-y to EUR 9.2 million.

ALLIANZ reported total revenues of EUR 36.2 billion in 1Q 2017, 2.5% up y-o-y. Operating profit grew by 9.4%, to EUR 2.9 billion, driven by the L&H and Asset Management segments' performance, the insurer said.

"I am pleased with the continued earnings momentum that we are seeing as a result of our ambitious expense savings program...", said Alex Wynaendts Aegon CEO.

Against the background of highly accommodating monetary policy, persistently low interest rates and further improving economic growth, particularly in Central Europe and Ireland, KBC turned in another strong performance with a net profit of 630 million euros, well up on the 392 million euros in the first quarter of 2016. It was down on the 685 million euros recorded in the fourth quarter of 2016, since it was distorted by the booking of upfront banking taxes in the first quarter. Our lending and deposit volumes as well as our assets under management continued to grow in the first quarter 2017. In addition to the fine business performance, costs remained under control, overall loan loss impairment charges were extremely low and our solvency position remained strong. For Ireland, our guidance for loan impairment is for a release of 120-160 million euros for full year 2017.