Results of BELARUS Re for 2013 can be described as positive ones, taking into considerations the company's activity in diversification area with international insurance and reinsurance companies, as well as a continuous search for new markets and partners, all of which led to an annual increase of the share of international risks taken in reinsurance from abroad and confirmation that the company is a reliable partner with an impeccable reputation in the international reinsurance market.

According to REUTERS, at the end of last year the French Group AXA announced the conclusion of an agreement regarding the sale of its insurance and private pension businesses in Hungary to VIENNA Insurance Group (VIG).

Jardine Lloyd Thompson Group plc ("JLT"), one of the world's largest providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services, has announced that its Asia business has acquired LAMBERT Brothers Holdings Limited ("LBH").

Two of the largest European insurance groups - Vienna Insurance Group (VIG) and AXA - announced at the end of 2013 that they had entered into an agreement regarding the future activity of the Hungarian subsidiary of AXA. According to the concluded agreement, VIG will acquire 100% of the shares of the life insurer AXA Biztosito. The takeover is subject to approval by the relevant regulatory and competition authorities.

SAVA Re Group posted an after-tax profit of EUR 23.3 million after the first 3 quarters of 2013. This financial result has almost doubled as compared with 3Q2012 due to five months of consolidation with Zavarovalnica MARIBOR, the latest member arrived in the Group. SAVA Re's GWP figures show a 35.2% increase y-o-y, also mainly driven by the MARIBOR's contribution, while the Group's parent company, SAVA Reinsurance recorded a 10% decrease in GWP, to EUR 111 million.

The Austrian insurer UNIQA increased its nine-month earnings before tax by 74.7% y-o-y to EUR 266.3 million. This figure includes the profit from the sale of hotel holdings amounting to EUR 51.6 million. "Based on current assessments, UNIQA Group anticipates a profit from ordinary activities of around EUR 300 million for 2013 overall, not including non-recurring items such as the sale of the hotel holding," according to the press release published by the company.

TRIGLAV Group posted a net profit of EUR 56.6 million in the first nine months of 2013, 12% up y-o-y compared with the respective period of 2012. The Group's profit before tax amounted to EUR 65.4 million. For the same period, Zavarovalnica TRIGLAV d.d., the parent company, reported a net profit amounting to EUR 50.5 million, while profit before tax totalled EUR 57.9 million.

The TALANX Group closed the first nine months of 2013 with an operating profit of EUR 1.4 billion, 4% more compared with 3Q2012. At the same time, the group's net income decreased by 4% y-o-y to EUR 528 million, affected by a lower investment income and damage claims from the summer hail storms in Germany. The gross premiums written by the group increased in January-September 2013 by 8% y-o-y to EUR 21.4 billion, while the combined ratio remained almost unchanged at 97.5% (97.1%).

"Given the positive development of the ALLIANZ Group for the first nine months of 2013, we now expect our operating profit for the full year to be slightly above EUR 9.7 billion, the upper end of our previously stated target range," said Michael DIEKMANN, CEO of ALLIANZ SE. Thus, despite the negative foreign currency effects the group's operating profit reached EUR 2.5 billion, 0.7% down y-o-y, while revenues were close to the previous year's level, of EUR 25.1 billion.

PZU Group's net financial result in the first three quarters of 2013 surpassed EUR 656 million (PLN 2.7 billion) and was similar to the net result for the same period last year. Gross written premium rose by 2% in this period to more than EUR 2.94 billion (PLN 12.4 billion). "The adopted strategy has proven its effectiveness. Above all, this is the result of profitability growth, cost discipline and improved efficiency" - said Andrzej KLESYK, CEO of PZU SA.

Zurich Insurance Group (Zurich) today reported a business operating profit (BOP) of USD 3.6 billion and net income attributable to shareholders (NIAS) of USD 3.0 billion for the nine months ended September 30, 2013.

Martin Hehemann, 49, leaves UNIQA Group. Hehemann headed up the unit "Group Marketing & Communication" and was responsible for Strategic Marketing, Internal and External Communication as well as Investor Relations of the Group with its subsidiaries in 19 countries. The native German, who lives since 25 years in Austria, has set the ground for a coherent corporate presence of the Group involving Capital Market Communication. He has managed the development of the new Brand Strategy and the Communication of the listed insurance company, which increased its free float significantly with the Re-IPO, and aligned it with the requirements of the capital market. Hehemann leaves UNIQA by mutual agreement on the best amicable terms to take up new professional
challenges.

KBC ended the third quarter of 2013 with a net profit of 272 million euros, compared with a net profit of 517 million euros in the previous quarter and 531 million euros a year earlier. For the first nine months of the year, therefore, net profit has come in at 1 309 million euros as opposed to 372 million euros in the first nine months of 2012.

MUNICH Re posted a consolidated profit of EUR 2.2 billion for the first nine months (same period last year: EUR 2.7 billion) and is expecting a profit of EUR 3 billion for 2013. In the third quarter, the Group realized a profit of EUR 636 million, EUR 0.5 billion less y-o-y, mostly as a result of the numerous major losses in property-casualty primary insurance and reinsurance, the performance of derivative financial instruments, and significant negative currency effects. Positive items were high income from the restructuring of the equity portfolio and the release of loss reserves and tax reserves.

Insurance brokerage AON Plc, reported, at the end of October, that its net income increased 25.5% in the third quarter to USD 256 million (USD 0.82 per share) up from USD 204 million (USD 0.62 per share) in Q3 2012, while total revenue increased 2% y-o-y to USD 2.8 billion.

The French insurance group AXA reported for January-September 2013, 3% y-o-y higher revenues, to EUR 69.5 billion, from EUR 68.4 billion in 3Q2012, driven by the growth on all business lines. "AXA's nine months 2013 activity indicators showed positive momentum and demonstrated our teams' commitment to achieving Ambition AXA objectives." commented Denis DUVERNE, Deputy Chief Executive Officer of AXA.

During the first nine months of the year 2013, CROATIA Osiguranje made a gross profit of HRK 106.7 million (EUR 14 million), representing an increase of 5.2% compared to the same period of the previous year, according to the press release published by the insurer on The Zagreb Stock Exchange web-site.

In January-September 2013, the value of gross written premiums of Bulgarian insurance group EUROINS (member of EUROHOLD) - recorded a 6.1% growth, reaching more than EUR 118 million compared with EUR 110.4 million for January-September 2012, according to preliminary data published by the group.

German re-insurer HANNOVER Re reported as at 30 September 2013, its operating profit (EBIT) contracted by 5.4% to EUR 961.6 million (from EUR 1.02 billion in 3Q2012), while the Group net income declined 8.6% to EUR 613.2 from the previous year's EUR 670.8 million. According to the press release, "this is because the result for the previous year that had been exceptionally high on account of one-off effects. As a further factor, the burden of natural catastrophe losses in the comparable period had been unusually low." Gross written premium increased by 2.3% to EUR 10.5 billion (EUR 10.3 billion), while the combined ratio improved to 95.0% (96.5%).

GENERALI Group closed the first nine months of the year with a significant +40.4% growth in net profit, to EUR 1,591 million buoyed by solid premium income and operating performance, which was supported, in particular, by the growth of the P&C segment. The aggregate operating result rose by 6.2%, to EUR 3,361 million.