Insurance brokerage MARSH & MCLENNAN Companies reported consolidated revenue in the third quarter of 2013 of USD 2.9 billion, representing an increase of 3% compared the third quarter of 2012, while the operating income increased to USD 404 million (USD 378 million in Q3 2012). Net income attributable to the Company was USD 253 million, or USD 0.45 per share (compared with USD 241 million, or USD 0.44 per share, in the prior year), while for the period January-September 2013, the same indicator was USD 1.1 billion (USD 1.89 per share), compared with USD 917 million (USD 1.66 per share) in 3Q2012.

The Paris-based reinsurer SCOR reported a 5% decline in its nine-month profit, with a 6.3% decrease in net investment income. At the same time, the gross written premiums increased by 4.5% to EUR 7.54 billion (compared with EUR 7.21 billion), "driven by the combined impact of healthy SCOR Global P&C renewals and major contracts signed by SCOR Global Life," according to the group's press release.

Following the devastating storms which recently hit Slovenia, Zavarovalnica TRIGLAV estimates the toll of the devastating weather events to be around EUR 2 million, which equals approximately 2,000 loss events in total. Yet, it is too early to assess the actual extent of claims since most of them are expected to be filed in the coming days.

After closing the acquisition of TOWERS Watson's reinsurance brokerage business for USD 250 million, on the 6th of september, british broker Jardine Lloyd Thompson oficiially launched JLT Towers Re.

SWISS Re reports a net income of USD 1.1 billion for the third quarter of 2013, driven by continued strong performance from P&C Re and a strong 14.3% return on equity. Group's premiums earned and fee income increased by 14% to USD 7.5 billion, while the combined ratio was 83.4% vs. 72.0% in the same period of 2012. The investment income of USD 1.0 billion provided a Group return on investments of 3.5%.

Jardine Lloyd Thompson Group plc (JLT) announced that it has agreed to acquire Independent Risk Solutions (IRS), a marine specialty broker based in the Netherlands, from Brokerage World Solutions (BWS), as well as making a significant investment in Dubai-based broker Insure Direct. The deals are subject only to regulatory approval.

Dutch insurance and pension company Aegon NV (AEG) Thursday posted a 7% drop in third-quarter net profit, largely due to an accounting loss, but said that improved market conditions and restructuring efforts boosted underlying profitability.

Aviva PLC Thursday said it has attracted stronger levels of new business over the first nine months of the year, buoyed by its performance in France, Poland and Turkey.

ING Group underlying net profit increased in 3Q2013 to EUR 891 million from EUR 844 million in 3Q2012 and EUR 957 million in 2Q2013. According to the press release, 3Q2013 net profit totaled EUR 101 million, or EUR 0.03 per share, including discontinued operations, special items and divestments.

Sberbank Europe and Generali's CEE holding company GPH signed a strategic insurance cooperation agreement covering six countries in Central and Eastern Europe. The agreement was signed by Andras Hamori, Retail Board Member of Sberbank Europe AG, and Luciano Cirina, CEO of GPH, at Sberbank Europe's head office in Vienna.

American International Group, Inc. (NYSE:AIG) today reported net income attributable to AIG of USD 2.2 billion for the quarter ended September 30, 2013, compared to USD 1.9 billion for the third quarter of 2012. After-tax operating income attributable to AIG was USD 1.4 billion for the third quarter of 2013, compared to USD 1.6 billion for the prior-year third quarter. Net income attributable to AIG for the quarter exceeded after-tax operating income attributable to AIG largely due to valuation allowance releases associated with deferred tax assets from capital loss carryforwards, partially offset by a USD 260 million after-tax increase to litigation reserves related to legacy crisis matters.

ACE Limited (NYSE: ACE) today reported net income for the quarter ended September 30, 2013, of USD 2.66 per share, compared with USD 1.86 per share for the same quarter last year.(1) Operating income was USD 2.49 per share, compared with USD 2.01 per share for the same quarter last year. Book value and tangible book value per share increased 3.4% and 3.9%, respectively, from June 30, 2013. Book value and tangible book value per share now stand at USD 82.98 and USD 66.91, respectively. Operating return on equity for the quarter was 13.0%. The property and casualty (P&C) combined ratio for the quarter was 86.5%.

MetLife reported operating earnings of USD 1.5 billion, up 6% over the third quarter of 2012. On a per share basis, operating earnings were USD 1.34, up 2% over the prior year quarter. Growth on a per share basis was dampened by the increase in the common share count resulting from the conversion of equity units issued in 2010 to fund the Alico acquisition. Operating earnings in the Americas grew 7%. Operating earnings in Asia decreased 1% on a reported basis, but increased 7% on a constant currency basis. Operating earnings in Europe, the Middle East and Africa (EMEA) increased 37% on a reported basis and 28% on a constant currency basis.

Through the creation of two new regions - EMEA and Latin America - GENERALI re-defines its geographical structure based on seven markets, in line with the strategy to simplify the Group and its governance. The new setup aims to optimize the Group's international operations and will enable greater coordination between local businesses and the Head Office.

The Austrian UNIQA Group is expanding its presence in the ex Yugoslavian countries by buying the BALOISE Group's subsidiaries in Croatia and Serbia, BASLER osiguranje Zagreb and BASLER osiguranja, Belgrade. Representatives of the two companies have signed a purchase agreement for EUR 75 million, announced BALOISE.

Polish insurer PZU has made a bid for Croatian state-owned insurer CROATIA Osiguranje. According to the Warsaw Voice, PZU is bidding on a 51.5% stake in the insurer at 900.9 EUR per share and additionally offering a EUR 50 million capital increase of the company. PZU's bid thus reaches EUR 192.5 million.

On October 3rd, MARSH announced that it had acquired a majority stake in INSIA, the insurance broker network headquartered in Prague, Czech Republic. This acquisition further strengthens the partnership between the firms in the Czech Republic and Slovakia and supports the growth of its network across Central and Eastern Europe (CEE). MARSH now holds a 60% stake in INSIA.

CROATIA Osiguranje Group reported a gross profit of HRK 44.6 million (cca. EUR 6 million) for 1H2013, 57% less y-o-y, while the net profit totaled HRK 22.2 million (EUR 3 million), a decrease of 73% as compared with the same period of the previous year, according to the Consolidated Business Report published by the insurer on The Zagreb Stock Exchange web-site. At the same time, the total assets of the Group amounted to HRK 9.77 billion (EUR 1.3 billion), representing an increase of 3.8% compared with 31 December 2012.

SAVA Re Group ended the first half of 2013 with an after-tax net profit of EUR 19.2 million, 86% up y-o-y. The consolidated profit includes a fair value revaluation of the former 48.68% stake in Zavarovalnica MARIBOR of EUR 7.7 million. Zavarovalnica MARIBOR became part of the Sava Re Group in May 2013, thus the company was consolidated for only two months. Before that, Zavarovalnica MARIBOR was included in the consolidated financial statements using the equity method.

In the first half of 2013, the Austrian insurance group UNIQA increased its profit on ordinary activities by 84.5%, to EUR 196.6 million, "despite net costs of around EUR 30 million as a result of flood damage," while the consolidated net profit increased by 162.7% to EUR 150.6 million, according to the 1H2013 Report, recently published by the company. At the same time, the value of GWP increased by 7.4% y-o-y to EUR 3.07 billion, the total amount of retained insurance benefits rose by 5.9% to EUR 2 billion, while the combined ratio improved to 99.4% (100.7% in 1H2012).