SCOR was named "Life Reinsurer of the Year" at the Asia Insurance Review awards in Macau on October 11th, a new achievement following the recent "North American Life Reinsurer of the Year" award from Reactions Magazine.

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), announced that the firm has been named Reinsurance Broker of the Year for the third year running at the Asia Insurance Industry Awards 2016 held this week at The Venetian in Macau.

Chubb Limited (NYSE: CB) today reported net income for the quarter ended September 30, 2016 of USD 1,360 million, or USD 2.88 per share, compared with USD 528 million, or USD 1.62 per share, for the same quarter last year. Operating income was USD 1,356 million, or USD 2.88 per share, compared with USD 897 million, or USD 2.74 per share, for the same quarter last year. The property and casualty (P&C) combined ratio for the quarter was 86.0%.  Book value and tangible book value per share increased 2.4% and 5.5%, respectively, from June 30, 2016 and now stand at USD 103.96 and USD 60.26, respectively.

Impact Forecasting, Aon Benfield's catastrophe model development team, has developed a new catastrophe model for Iceland to estimate the financial impact of earthquakes. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc.

Poland's insurance market leader, PZU has confirmed for the local press that it has launched on September 28 talks on purchasing a "significant" stake in the country's number two bank by assets, Pekao from Italian Unicredit, The Warsaw Voice reads.

The Polish insurer PZU maintains its desire to pay out 50% to 100% of its profit. At the same time, the new dividend policy introduces clear and foreseeable rules for profit distribution.

NN Group announces today that its wholly-owned reinsurance entity in Ireland, NN Re (Ireland) Ltd., has signed a portfolio transfer agreement with Canada Life International Re Limited. The agreement is a result of the continuous strategic assessment of NN Group's portfolio. As a result of this portfolio transfer, NN Re (Ireland) Ltd. is expected to hand back its reinsurance license and repatriate capital for an amount of approximately EUR 65 million to NN Group in the fourth quarter of 2016.

McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired Vero Insurance, Inc., a Vero Beach, Florida-based independent agency specializing in private client insurance services. Terms of the transaction were not disclosed.

AXA and ALLIANZ are the only insurers included in the Interbrand's Top 30 top growing brands for 2016. AXA's brand value went up by 14%, to USD 10,579 million, while ALLIANZ saw a 12% increase of the same indicator, to USD 9,528 million.

AXA announced on September 30th that it had completed the acquisition of LIBERTY Ubezpieczenia, the Polish Property & Casualty operations of LIBERTY Mutual Insurance Group for a total consideration of PLN 101.3 million (or Euro 23.5 million). The figure is subject to purchase price adjustment.

ZURICH Insurance Group announced that it will combine its Corporate and Commercial businesses into a single global business as part of its process to simplify and strengthen its organization. "The new unit, to be called Commercial Insurance, brings together corporate and commercial insurance expertise worldwide under a single umbrella and will be headed by James SHEA (50, Canadian citizen), who joins ZURICH as CEO Commercial Insurance", the insurer pointed out in a press release.

BARENTS Re has delivered a strong set of financial results in 2015, reporting a net profit of USD 34.8 million, slightly up from USD 34.6 million in 2014, which - according to the company's statement -, went to retained earnings, thereby strengthening further its financial security. Total assets increased to USD 453 million (2014: USD 432 million) and shareholders' equity increased to USD 382 million (2014: USD 350 million).

Slovenian SAVA Re announced that the Insurance Supervision Agency issued the authorisation for the merger of insurance companies relating to the acquisition of Zavarovalnica TILIA and the and the two Croatian units - VELEBIT osiguranje and VELEBIT zivotno osiguranje - by Zavarovalnica MARIBOR (acquired by SAVA Re in 2013) - to form Zavarovalnica SAVA, headquartered in Slovenia.

Lloyd's announced profit of EUR 1.77 billion (GBP 1.46 billion) for the first half of 2016 with the publication of their interim report.

Road safety and bodily injuries were two of the key topics of the GEN Re "Motor Insurance Baltic" Seminar that took place in Riga, Latvia on September 28 2016.

FITCH Ratings has affirmed Belarusian National Reinsurance Organisation's (Belarus Re) Insurer Financial Strength (IFS) rating at 'B-'. The Outlook is Stable, informs an agency's press release of September 15.

The CROATIA Osiguranje (CO) Group ended the first half of 2016 with GWP of HRK 1.8 billion, 1% up y-o-y, of which the parent company, leader of the Croatian insurance market, has accounted for HRK 1.6 billion, fairly meeting the underwriting volume achieved in the first half of 2015. CO Group's gross profit amounted to HEK 82 million, 44% up y-o-y, while the net profit amounted to HRK 62 million, 55% more y-o-y.

As of September 1st, 2016, Thomas BUBERL officially became Chief Executive Officer of the AXA Group, replacing Henri de CASTRIES after the latter's 17 years of leadership, while Denis DUVERNE became Non-Executive Chairman of the Board of Directors.

Swiss Re remains the insurance industry sector leader in the Dow Jones Sustainability Indices (DJSI) for the third consecutive year and the tenth time since 2004. The company was particularly recognised for understanding the sustainability issues that create risks and opportunities for the reinsurance business, and for closely cooperating with clients and public and private partners to create innovative solutions in the areas of climate and natural disaster risks, agricultural risks, sustainable energy and funding longer lives.

Russian RESO Garantia has recently acquired the specialized reinsurer UNITY Re from ASTROWAY Limited for RUB 1.6 billion (approximately USD 25 million), becoming thus its the sole owner, as the company's official press release states.