As of July 1st, the merger of the Polish insurers belonging to the Vienna Insurance Group (VIG), Wiener and Compensa, became official. The newly created company operates under the Compensa brand and is ranking fourth among the VIG’s CEE subsidiaries.

Zurich Insurance Group announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, plus a potential additional earn-out payment.

Following the necessary regulatory and competition approvals, Generali CEE Holding BV, the parent company of Generali subsidiaries in the CEE, announced it has completed the acquisition of 4LifeDirect sp. z o. o., an innovative life insurance distribution company in Poland.

Global re/insurance broker Aon announced that the forthcoming launch of its Reinsurance Market Dynamics July 2024 report, which will provide a comprehensive analysis of the marketplace at the June/July 2024 reinsurance renewals - reveals that insurers generally achieved positive mid-year renewal outcomes, which included rate reductions for property catastrophe risk and improvements in terms and coverage.

Following the announcement on the new Group’s organizational structure, Generali announces that Carlo Trabattoni is appointed Chair of the Board of Directors of Generali Real Estate S.p.A. SGR (GRE SGR), the Group’s company focused on the management of real estate investment funds.

Global re/insurance broker Aon announced that Lisa Stevens will transition into a newly created Chief Administrative Officer role overseeing the People Organization, Marketing and Communications, and Public Affairs.

Generali announced that Carlo TRABATTONI is appointed Chair of the Board of Directors of Generali Real Estate S.p.A. SGR, the Group’s company focused on the management of real estate investment funds. Aldo Mazzocco, CEO of Generali Real Estate S.p.A., also takes up the position of Vice Chair of GRE SGR.

Jarosław MATUSIEWICZ was appointed to the Management Board of TUZ Ubezpieczenia, in which starting 1 July he performs the duties of the President, awaiting the consent of the Polish Financial Supervision Authority (KNF) to assume the function of President of the Management Board

Optio Group, a leading specialty MGA, announced the appointment of Deepak Soni as Chief Executive Officer.

Zurich Insurance Group announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, plus a potential additional earn-out payment.

Credit rating agency Fitch has affirmed its assessment to Eurohold Bulgaria AD’s Long Term Issuer Default Rating at ‘B’ with a stable outlook, as the Bulgarian holding informed in a statement.

Zurich announced the successful completion of acquiring majority stake in Indian insurer Kotak General Insurance from Kotak Mahindra Bank Limited, following the receipt of all necessary regulatory approvals.

At the General Assembly of the Adris Group, as a part of the presentation of Adris Group companies, Management Board of CROATIA osiguranje d.d. informed about business performance in the past year as well as trends in the first six months of the current year.

The world is facing multiple interconnected crises which bring about ever-more complex risks, finds Swiss Re's 12th SONAR emerging risk report. It explores critical topics of the future to foster better understanding of new or changing risks, their interactions and dependencies.

Argenta Holdings Limited, today announces the appointment of Niranjan Nathan as group chief risk officer (subject to regulatory approvals), assuming the role from Carol-Ann Burton, who will continue as group general counsel and compliance director.

Vienna Insurance Group (VIG) has initiated a comprehensive programme to increase protection against growing cyber threats. The Group companies will be serviced by three competence centres in Austria, Poland and the Czech Republic. The initiative is financially supported by the European Union through the European Cybersecurity Competence Centre.

Slovene re/insurance group Triglav informed that at its General Meeting of Shareholders, the shareholders supported the Management Board's and the Supervisory Board's proposal to pay EUR 1.75 gross dividend per share - which represents a 5% dividend yield. The dividend will be paid to the shareholders appearing in the Company's share register on Tuesday, 18 June 2024 (the ex-dividend date is Monday, 17 June 2024).

S&P Global Ratings informed on its website that it had affirmed the “A” long-term financial strength and issuer credit ratings on Sava Re with a stable outlook. The ratings are based on the Agency’s updated capital model with revised criteria for analysing insurers’ risk-based capital dated 15 November 2023.

Lloyd’s announced the opening of a new office in Miami from 1 September 2024 to strengthen its Latin America and Caribbean business and continue to support the market’s sustainable and profitable growth in the Americas. Latin America and Caribbean is an important and fast-growing area for Lloyd's, accounting for 4.6% of gross written premium (USD 2.7 billion) in 2023.

Bulgarian financial holding Eurohold Bulgaria AD reported total revenues of BGN 2.89 billion (EUR 1.48 billion) and earnings before interest, taxes, depreciation and amortization (EBITDA) of approx. BGN 207.58 million (EUR 106.13 billion) in 2023, down by 33.5% and 11.9% percent, respectively, compared to the previous year. The company posted a positive 2023 net financial result of BGN 78.63 million.