Chubb announced a definitive agreement to acquire Catalyst Aviation Insurance, a Melbourne-based managing general agent that specializes in general aviation insurance for the Australia market.

Christian Kuhn has resigned from the UNIQA Supervisory Board due to the age limit stipulated in the UNIQA statutes. Professor Monika Henzinger was elected as his successor.

Vienna Insurance Group (VIG) increased its gross written premiums by 11% to EUR 4.29 billion after the first quarter of 2024. This corresponds to an increase of 11% or EUR 426 million compared to the previous year’s figure of EUR 3.87 billion. With a solvency ratio of 262% as of 31 March 2024, the Group continues to be excellently capitalised.

Polish largest insurer PZU SA (Powszechny Zaklad Ubezpieczen Spolka Akcyjna) informed that on 28 May 28, 2024, the rating agency S&P Global Ratings communicated that the Company's rating outlook has been changed from stable to positive. At the same time, the agency affirmed PZU SA's rating unchanged at “A-”.

The Geneva Association has announced the co-winners of the 2024 Geneva Association Ernst Meyer Prize, which since 1976 has recognized excellent doctoral theses that contribute to the study of risk and insurance economics: Sebastian Hinck (PhD, University of Hamburg) and Jieyu Lin (PhD, Tsinghua University), the association said in its press release.

Zurich's global startup program crowns nine winners of Innovation Championship 2024. The winners from EMEA, North America, Latin America, and APAC tackle challenges in the fields of Commercial Insurance, Digital Simplification, Life & Health, and Retail P&C, with an additional two wild-card winners, Zurich’s press release says.

Dutch insurer NN informed that during the 2024 General Meeting, were adopted all proposals on the agenda of the 2024 annual general meeting.

The premiums written of Austrian insurance group UNIQA rose by 10.9% to EUR 2,184.3 million in the first three months of 2024 compared with the same period of the previous year (EUR 1,969.4 million). Above all, property and casualty insurance and health insurance contributed to this very pleasing growth.

In 1Q2024 GWP of UNIQA Insurance Group AG including savings portions from unit-linked and index-linked life insurance increased by 10.9% reaching EUR 2,184.3 million (vs EUR 1,969.4 million in 1Q2023). In its press release the Group noted that property and casualty insurance and health insurance contributed to this growth.

Total business volume of Allianz in 1Q2024 rose by 5.3% to EUR 48.4 billion, driven by all business segments. The Property-Casualty business segment recorded good price-driven growth, while the increase in the Life/Health business segment was primarily due to favorable sales momentum in the United States and Italy, the company said in its report.

In 1Q2024 Generali’s GWP increased by 21.4% to EUR 26.4 billion, with strong performances in both the Life and P&C segments. Life net inflows returned to positive levels, entirely driven by protection and unit-linked, in line with the Group’s strategy and reflecting the success of commercial actions implemented since 2023, the Group said in its report.

Higher interest rates around the world are transforming the outlook for life insurance growth and profitability. Savings products are attractive to consumers after a decade of weak demand and low returns.

Eurohold Bulgaria AD (Eurohold) and Euroins Insurance Group AD (EIG) have officially filed a Request for Arbitration against the Government of Romania at the International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC. The claim is in excess of EUR 500 million, informed in a statement the Bulgarian holding.

VIG Re, Vienna Insurance Group's reinsurance company, announced that Ivana Jurcíkova, its Chief Financial Officer, has been added to Hall of Fame of “the most influential women in the Czech financial sector” by #FinZeny Project (Czech for Women in Finance).

Austrian insurer Vienna Insurance Group informed that during Annual General Meeting 2024, Vratislav Kulhanek, Hana Machacova, Martin Simhandl and Agnes Svoob were elected as new members of the Supervisory Board.

American International Group (AIG) announced that Gordon Browne has been appointed Global Head of Specialty, effective June 11, 2024.

German reinsurer Hannover Re informed it increased Group net income by 15% in Q1 2024 to EUR 558 million and confirms its guidance for FY 2024.

The German Talanx Group informed it lifted its Q1 insurance revenue by 9% y-o-y to EUR 11.7 billion (vs. 10.7 billion) and its Group net income by a clear double-digit 35% to EUR 572 million.

Marsh McLennan (MMC) announced that during its 2024 AGM stockholders elected the entire slate of 2024 director nominees for a one-year term expiring at next year’s annual meeting.

Swiss Re announced that Ivan Gonzalez, CEO Reinsurance China, has been appointed CEO Corporate Solutions, succeeding Andreas Berger as of 1 July 2024. He will join the Group Executive Committee at the same time.