NN Group announced that ING Group has agreed to sell 33 million shares of NN Group at a price of EUR 31.00 per share. The transaction reduces ING Group's stake in NN Group from 25.8% to 16.2% of outstanding shares (net of treasury shares). NN Group will not receive any proceeds from the offering.

The CROATIA Osiguranje's main shareholder - ADRIS Group, announced in a press release it will invest nearly HRK 2 billion (about EUR 262 million) in its insurance business unit until 2018.

Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, announced the appointment of Matthias MEYENHOFER as Managing Director, Guy Carpenter, effective immediately.

At the end of 2015, the French insurance group AXA announced that it would acquire LIBERTY Ubezpieczenia, the Polish Property & Casualty operations of LIBERTY MUTUAL Insurance Group for a total consideration of PLN 92.3 million (or EUR 21 million) plus the net asset value outstanding as of the date of closing.

Slovenian reinsurer SAVA Re announced at the end of 2015 that owns 100% in pension company MOJA Nalozba Pokojninska Druzba. On December 30th, 2015, SAVA Reinsurance Company paid the purchase price for an 80% holding (i.e. 12,080 shares) in the total amount of EUR 7.08 million.

By the end of December 2015, WILLIS Group Holdings plc has announced the completion of its acquisition of Gras Savoye. Thus, WILLIS acquired the 70% share that it still didn't own in the French leading broker, writing this way the final act of an over 40 years cooperation.

Slovenian Group TRIGLAV plans for 2016 a profit before tax ranging between EUR 80 - 90 million and consolidated gross written premiums of about EUR 900 million. The group is also targeting a combined ratio in the vicinity of 95%.

At the end of 2015, Vienna Insurance Group (VIG) announced it will purchase the majority of shares in BTA Baltic Insurance Company AAS (BTA Baltic), which is headquartered in Latvia and has branch offices in Lithuania and Estonia. According to the press released by the Austrian insurer, the purchase agreement has been signed and is subject to regulatory approval.

"Business Interruption (BI) now typically accounts for a much higher proportion of the overall loss than was the case 10 years ago. The average large BI property insurance claim is now in excess of EUR 2 million, which is 36% higher than the corresponding average property damage claim of just over EUR 1.6 million," reveals the 'Global Claims Review 2015: Business Interruption In Focus' report from Allianz Global Corporate & Specialty (AGCS), Allianz's specialist insurer for business and industrial risks.

The Polish state-controlled insurer PZU (Powszechny Zaklad Ubezpieczen ) announced Andrzej KLESYK resigned from the position of CEO and from sitting on the PZU Management Board as of December 9, 2015.

Listed insurance group Uniqa needs to tweak many cogs in order to meet the pledges made to life customers, as far as the right allocation is concerned, but also the interest level pledged, despite the low-rate environment, CFO/CRO Kurt Svoboda said.

Listed insurance group VIG will present a new strategy for the group by the end of January, the daily WirtschaftsBlatt writes, citing the group's prospective CEO Elisabeth Stadler. The new strategy is to contain no significant changes, but will provide a range of new priorities. The focus on CEE is to be stepped up.

KBC will pay back to the Flemish Regional Government the full outstanding tranche of 2 billion euros of state aid, and will pay a penalty of 50%, before the end of this year.  In so doing, the group will meet all the remaining financial obligations imposed on it during and after the recent financial crisis and can now close that chapter completely.

NN Group announced that ING nominees Patrick FLYNN and Wilfred NAGEL have stepped down from the Supervisory Board of NN Group, effective December 14, 2015. "The resignation of Patrick FLYNN and Wilfred NAGEL marks a next step in NN Group's journey of becoming a stand-alone company. ING nominee Ralph HAMERS stepped down from the Supervisory Board of NN Group on October 6, 2015. As a consequence, ING Group no longer has nominees in the Supervisory Board of NN Group", NN Group announced in a statement.

WILLIS Group Holdings and TOWERS WATSON have announced in a common statement that the shareholders of each company approved their merger. The companies expect that the transaction will close very early in the New Year, subject to customary closing conditions, including the receipt of certain regulatory approvals.

ZURICH Insurance Group announced the appointment of Gary SHAUGHNESSY as CEO Global Life and as member of the Group Executive Committee, starting January 1st, 2016. He succeeds Kristof TERRYN who was appointed CEO General Insurance starting October 1st, 2015.

Systematic and fast allocation of capital to access new and existing risk pools and revenue streams are the core lines of SWISS Re's strategic framework to position the company strongly vis-à-vis current and future opportunities and challenges facing the re/insurance industry, as announced on the occasion of its latest Investors' Day, on December 8th.

BELARUS Re's business saw a positive dynamics in 3Q2015. The net worth of the company rose by 12% to BYR 1,542.8 billion and authorized fund increased from BYR 1,307.0 billion in 3Q2014 to BYR 1,417.0 billion in the first nine months of 2015. At the same time, the reinsurer increased its net profit to BYR 171.9 billion from BYR 51 billion last year, the company said in a statement.

Dragan FILIPOVIC will be GENERALI's new country manager in Serbia and Montenegro. He will replace Adrea SIMONCELLI who will become in turn the new country manager of GENERALI Poland. Both changes will become effective with starting January 1st, 2016.

Hannover-based insurer TALANX announced that it is strengthening its bancassurance business in Italy by acquiring the insurance companies belonging to the Italian banking group Gruppo Banca Sella.