According to global reinsurer Munich Re, the series of earthquakes in southeast Turkey and Syria in February was the last year’s most destructive natural disaster.

The Supervisory Board of Allianz SE intends to propose to the Annual General Meeting on May 8, 2024 that Jorg Schneider and Stephanie Bruce be newly elected to the Supervisory Board of Allianz SE as shareholder representatives.

VIG - Vienna Insurance Group, one of the largest CEE insurer - becomes a green electricity producer powered by Wien Energie, as the Austrian insurer informed in a statement.

NN Group announced that its subsidiary NN Life has completed two transactions to transfer the full longevity risk associated with in total approximately EUR 13 billion of pension liabilities in the Netherlands. The deals will reduce NN’s exposure to longevity risk and thereby further strengthen NN’s capital position.

Italian group Generali informed it has completed the disposal of Generali Deutschland Pensionskasse AG (GDPK) to Frankfurter Leben following the approval by the German Federal Financial Supervisory Authority (BaFin) and the relevant German antitrust authorities.

For the 2024 financial year Hannover Re anticipates Group net income of at least EUR 2.1 billion and hence an increase of 24% compared to the earnings guidance for 2023.

According to reinsurance broker Guy Carpenter, part of Marsh McLennan, a responsive reinsurance market has materialized at January 1 renewals, reflecting ample capacity and a commercial approach to trading partnerships, albeit with continued underwriting rigor.

New research published by Aviva before January 1^st, reveals that 13.9 million Brits planned to search or book a holiday during the festive season (24 December 2023 – 2 January 2024), with top reasons including saving money on holiday deals and having something to look forward to.

Swiss Re Corporate Solutions appoints Michael Rüsch as Head DACH*, effective 1 April 2024. In this newly created role, Mr. Rüsch will be responsible for managing Swiss Re Corporate Solutions' strategy, development and performance in the German, Swiss and Austrian commercial insurance markets.

Bulgarian Euroins Insurance Group (EIG), part of Eurohold Bulgaria, elected a new Board of Directors, composed of Assen Christov, Kremena Pateva, Todor Danailov and Irena Lalova, as the Bulgarian insurer informed in a statement.

Austrian insurance group UNIQA informed that is the first insurance company in Austria to have ambitious targets to reduce emissions confirmed by Science Based Targets initiative.

In 2024, Sava Insurance Group plans to exceed EUR 925 million in business volume and to achieve a net profit of at least EUR 70 million, corresponding to a return on equity of at least 10.5%.

German re/insurer Munich Re is aiming for a net profit of EUR 5 billion in 2024 “thanks to consistently good operational performance in all business segments”. At the same time, Group insurance revenue is expected to reach EUR 59 billion in 2024 and return on investment to improve noticeably to above 2.8%.

Global re/insurance marketplace Lloyd’s announced that ratings agency Standard & Poor’s (S&P), has revised its financial strength rating to ‘AA–’; outlook stable, from ‘A+’; outlook stable.

Swiss Re announced today that it has acquired Fathom, a leading provider of water risk intelligence and flood models, based in Bristol, UK. Through this transaction, Swiss Re's Reinsurance Solutions division gains valuable expertise and a robust set of products, complementing its own data and risk capabilities in the field of flood perils – a major driver for constantly rising losses from natural catastrophes globally.

Zurich Insurance Group announced that Claudia Cordioli will join the Group on March 1, 2024 as Group Chief Financial Officer (CFO) and member of the Executive Committee, subject to regulatory approval.

Nina Klingspor was appointed as the new CEO of Central Europe for Allianz Group, taking over from Petros Papanikolaou who will be appointed as the new CEO of Allianz Global Corporate & Specialty SE (AGCS), with additional responsibility for leading Allianz Commercial globally. Both changes are effective as of January 1, 2024, subject to approval by the relevant corporate bodies.

AM Best has confirmed Generali's Financial Strength Rating (FSR) of "A" (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a+". The outlook is stable, as the Italian insurer announced in a statement.

Fitch Ratings has affirmed ‘B+’ Insurer Financial Strength Rating with stable outlook to Insurance Company Euroins AD (Euroins Bulgaria), the largest subsidiary of Euroins Insurance Group AD (ЕIG), as well as to EIG Re AD, the reinsurance company of the group, as the Bulgarian holding Eurohold – the owner of Euroins, announced in a statement.

VIG Re, the reinsurance company of Vienna Insurance Group, announced the increase of its registered capital by the amount of EUR 100,000,000 in 2023 and the authorization of VIG Re’s Board of Directors to increase the registered capital by additional EUR 50,000,000 in the following two years.