The companies of BTA insurance group - parent BTA Insurance Company (BTA) and its subsidiary BTA Baltic Insurance Company - closed 2015 with a profit of EUR 8 million, informs LETA.

The situation on worldwide P&C reinsurance markets was essentially unchanged y-o-y, concluded HANNOVER Re at the of the 1 January treaty renewals. The supply of reinsurance coverage continues to exceed demand, as large losses didn't occur and client's own retention is increasing. There are, however, indications that the decline in rates is bottoming out. Signs of this trend had already begun to emerge last year for the US market. 

Despite a difficult market environment, MUNICH Re posted a consolidated result of EUR 3.1 billion for 2015 - which almost matched the very good result of EUR 3.2 billion from the previous year. Shareholders are to participate in last year's success through a much higher dividend: subject to approval by the Supervisory Board and Annual General Meeting, the dividend will rise to EUR 8.25 (7.75) per share.

Zavarovalnica TRIGLAV and the A.s.K. ( Aktivna signalizacija Korun) company have announced the extension of the "Working together to improve road safety in Slovenia" campaign for 2016. Up to 12 dangerous sections throughout Slovenia will be equipped with the COPS@road smart warning system, and the selected municipalities will receive co-financing of up to EUR 5,000 from Zavarovalnica TRIGLAV.

WILLIS Re announced on February 1st a strategic partnership with technology company MEASURE to advance the use of drones within the insurance industry and bring the very latest in drone technology to Willis Re clients.

Chubb Limited today reported net income for the quarter ended December 31, 2015, of USD 2.08 per share, compared with USD 1.66 per share for the same quarter last year. For the year ended December 31, 2015, net income was USD 8.62 per share, compared with USD 8.42 per share for 2014. Operating income was USD 9.76 per share, compared with USD 9.79 per share for 2014.

The Austrian arm of insurance group Allianz notices a positive outcome of the gradual shift from capital deposits (worth EUR 7 billion), to sustainable investments. The share of sustainable investments was raised from 18 to 21.5 percent in 2015, CEO Wolfram Littich told the press. He added that the level of sustainability of capital investments rose 1.54 percent.

The rating agency FITCH announced that it has affirmed GENERALI's and its core subsidiaries' IFS ratings at A-; the Outlooks are Stable, the Trieste-based insurer announced in a statement.

GENERALI's Group CEO, Mario GRECO returns to ZURICH Insurance, the company where he was employed for five years before joining GENERALI. The Swiss-based insurer announced that its Board of Directors has appointed him to the role of Chief Executive Officer effective May 1, 2016. The appointment is subject to regulatory approval.

Vienna Insurance Group (VIG) as the leading insurance group in Austria and the CEE region recorded good premium growth in 2015. Property and casualty insurance grew by 2.0%, and in life insurance regular premium products recorded an increase of 2.3%. The decrease in total unconsolidated direct premiums written (-1.5%) to around EUR 9.2 billion was primarily due to the ongoing low level of interest rates and the resulting restraint being exercised with respect to sales of single-premium life insurance products. The extensive regional diversification of the Group in the CEE region again proved to be strategically important, as shown by the dynamic growth of roughly 10% once again achieved by the countries in the "Remaining Markets".

Slovenian insurer Zavarovalnica TRIGLAV informed its real estate unit TRIGLAV Upravljanje Nepremicnin, concluded an agreement on the sale and development of a land plot in the capital Ljubljana to IKEA Slovenija in the total value of EUR 16.1 million, VAT excluded.

The Rockefeller Foundation, VEOLIA, and SWISS Re Corporate Solutions have joined forces to unveil an innovative infrastructure recovery initiative to speed up economic recovery in the aftermath of catastrophic events for cities across the globe, the companies announced.

The Austrian insurer UNIQA announced it launches a long term investment programme worth EUR 500 million "in order to align processes and products with customer requirements and expectations that are being transformed by the digital revolution".

Bulgarian-based EUROINS Insurance Group (EIG) reported preliminary GWP of EUR 230.86 million during 2015, 43.34% more y-o-y, according to a press release published by its owner, the financial holding EUROHOLD.

The Polish state-controlled insurer PZU (Powszechny Zaklad Ubezpieczen) announced on January 20th, the appointment of Michal KRUPINSKI as Company's Chief Executive Officer. At the same time, PZU appointed other four Members of the Management Board: Roger HODGKISS, Beata KOZLOWSKA-CHYL, Robert PIETRYSZYN and Pawel SUROWKA.

In January 2016, Dieter PSCHEIDL, the former Representative to the European Union of the Austrian Insurance Association (VVO), was named Head of European Affairs at VIENNA Insurance Group.

ZURICH Insurance Group expects its General Insurance business to record a business operating loss in the fourth quarter 2015 due to natural catastrophe claims, including those related to recent storms and floods in the UK and Ireland, and a significant level of large losses. "Operating results for Farmers and Global Life should be in line with expectations, and the Group's capital position remains very strong across all key metrics", the ZURICH representatives pointed out.

AEGON the Netherlands announced the sale of its commercial line non-life business to ALLIANZ Benelux. This portfolio has two parts: the active commercial portfolio with a total volume of about EUR 90 million and two run-off portfolios: authorized agents and co-insurance. With this transaction, ALLIANZ'S P&C market share in the Netherlands will rise from 4.4% to 5.0%.

Qatar Insurance Company (QIC) announced strong financial results for the full year 2015, benefiting from the successful diversification of the firm into more geographies and lines of business.

JLT Re announced the launch of a new division - JLT Fac and the appointment of Vanessa MACDONALD-SMITH who will lead the division.