On 20 October 2015 after its regular annual review, the rating agency AM Best affirmed the financial strength rating and issuer credit ratings of Pozavarovalnica SAVA (SAVA Re) of A- (Excellent) with a stable outlook. SAVA Re is the operating holding company of the Slovenian SAVA Re Group

The French insurer AXA reported total revenues of EUR 76 billion for 3Q 2015, up by 9% y-o-y "with growth across all business lines", as the group representatives pointed out in a statement. "AXA's Life & Savings business grew in both emerging and mature markets with on-going success in Unit-Linked and Protection & Health offers. AXA's Property & Casualty revenues continued to increase, with notably a strong performance in direct business", commented Denis DUVERNE, Deputy Chief Executive Officer of AXA.

Swiss Re reports a net income of USD 3.7 billion for 3Q 2015, 12% up y-o-y, of which USD 1.4 billion was earned in the third quarter, as the reinsurer announced today in a statement. "Generally, the result benefited from disciplined underwriting, low natural catastrophe losses as well as reserve releases and strong results in Life & Health Reinsurance", pointed out the Swiss Re representatives.

Willis Group Holdings plc, the global risk advisory, re/insurance broking, and human capital and benefits firm, today reported results for the three and nine months ended September 30, 2015.

ACE Limited today reported net income for the quarter ended September 30, 2015, of USD1.62 per share, compared with USD2.32 per share for the same quarter last year. Operating income was USD2.74 per share, compared with USD2.64 per share for the same quarter last year. The property and casualty (P&C) combined ratio for the quarter was 85.9%. Book value and tangible book value per share declined 1.5% and 0.8%, respectively, from June 30, 2015, reflecting unfavorable foreign currency movement of USD548 million, after-tax, and realized and unrealized losses in the company's investment and variable annuity reinsurance portfolios of USD622 million, after-tax, as a result of global equity and interest rate movements. Book value and tangible book value per share now stand at USD89.88 and USD72.25, respectively.

A.M. Best has affirmed the financial strength rating of A+ (Superior) and the issuer credit ratings of "aa-" of Munich Reinsurance Company (Munich Re) (Germany) and its subsidiaries. Concurrently, A.M. Best has affirmed the issue ratings of Munich Re. Additionally, A.M. Best has affirmed the ICR of "a-" and the issue rating of Munich Re America Corporation (Princeton, NJ). The outlook for all ratings is stable.

Following its regular annual revision, the A.M. Best credit rating agency reaffirmed the financial strength rating of "A-" (Excellent) and issuer credit rating of "a-" (Excellent) of Zavarovalnica TRIGLAV. Both credit ratings reflect solid risk-adjusted capitalisation, lasting good business results and the Triglav Group's leading competitive position in the Slovene market and the Adria region.

Britain's Jardine Lloyd Thompson (JLT) has announced that it has agreed to acquire 100% of the shares of EIKOS Risk Applications (ERA) from Eikos Holdings (Pty) Ltd part of the Eikos Group.

The management board of SAVA Reinsurance Company presented to the supervisory board its vision of the Group's future development in the EU markets, including the formation of a new insurance company encompassing all SAVA Re Group insurers in Slovenia and Croatia in order to take advantage of further development opportunities in EU markets.

GENERALI CEE Group closed the first six months of 2015 with an operating result of EUR 253 million (up by 1.7% y-o-y), while the value of gross written premiums increased by 5.7% y-o-y to EUR 1,828 million "showing an upward trend in both segments Life and P&C (property and casualty)", the Prague-based insurer announced on its web-site. At the same time, in the ten countries of the Central Eastern Europe region were the GENERALI Group is active, the reported combined ratio was 85.4%.

Witold JAWORSKI is the new Chairman of the Board of PZU Zycie SA, replacing Dariusz KRZEWINA who resigned, assuming also the reponsibility for product offerings, pricing policy, marketing PZU Group, Link 4, and coordination of sales between the segments.

Warren Buffett has cut his stake in German reinsurer Munich Re after warning earlier this year that prospects for the reinsurance industry had turned gloomier. Buffett's companies Berkshire Hathaway Inc. and National Indemnity Company cut their combined holding to 9.7 percent from around 12 percent previously, Munich Re said in a statement on Tuesday.

In the last 10 years, cumulative total damage to global property as a result of natural disaster events was USD 1.8 trillion, and about 30% of those losses were insured, says the latest sigma study "Underinsurance of property risks: closing the gap". In other words, the total shortfall in insurance cover - the protection gap- was USD 1.3 trillion. Much of the underinsurance is due to global natural catastrophe risk, which has risen steadily over the past 40 years.

Uniqa insurance will continue its expansion course in terms of its presence on the CEE markets and enjoys nearly fully consistent profitability in the region, even considering the current times of political difficulty in Ukraine and Russia, CEO Andreas Brandstetter and Uniqa International CEO Wolfgang Kindl told journalists in Kiev.

The Austrian antitrust authority BWB has been notified about the sale of a stake in Casinos Austria, owned by Vienna Insurance Group (VIG), to Czech billionaires Karel Komarek and Jiri Smejc, on Friday. Austrian Gaming Holding a.s. (AGH) wants to acquire 100 percent of the shares of CAME Holding GmbH, the notification indicates.

With effect from January 1 2016, Judit HAVASI and Roland GROELL will be appointed to the Managing Board, a Group's press release announced. Also with effect from January 1 2016, Elisabeth STADLER and Gabor LEHEl will be appointed as Deputy Members of the Managing Board. As with current Board Members, the term of the appointments will be until 30 June 2018.

A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to "A" from "A-" for BARENTS Re Reinsurance Company Inc. (BARENTS Re, Panama City, Panama). The outlook for both ratings was revised to stable from positive.

A.M. Best has affirmed the financial strength rating (FSR) of A+ and the issuer credit ratings (ICR) of "aa-" of Everest Re. Concurrently, A.M. Best has affirmed the ICRs of "a-" of Everest Re Group, Ltd. (Bermuda) and Everest Reinsurance Holdings Inc. (Delaware).

CROATIA Osiguranje (CO), the Croatian insurance market leader, ended the first half of 2015 with a net profit of EUR 0.84 million, after two years of losses. The highest profitability was reported on the non-life segment, for which the net profit stood at EUR 2.5 million, while on the life side, the company still recorded a EUR 1.7 million loss.

Geoffrey Riddell, the former Zurich Global Corporate head, has been appointed as a non-executive director at Pool Re, the company recently announced. Riddell has held several executive reinsurance positions and brings a wealth of industry knowledge to his new role.