Reinsurance broker Guy Carpenter part of Marsh McLennan announced the appointment of Julian Enoizi as CEO of Guy Carpenter Europe effective immediately. Julian Enoizi will be based in Europe and report to Laurent Rousseau, CEO of Guy Carpenter Europe, Middle East and Africa, and Global Capital Solutions. In this role Julian Enoizi will be responsible for leading Guy Carpenter’s broking operations across its European offices.

Chubb announced the appointment of George N. Nikolaou as head of Chubb Business Services EMEA in Thessaloniki, Greece. “In this role, Nikolaou will be responsible for the Chubb technology center launched in late 2022, which will support the development of innovative technologies that enhance the customer experience, increase efficiency, and accelerate the company's digital transformation”.

In H1 2023, the Triglav Group's total business volume rose to EUR 955.4 million and its tax before profit amounted to EUR 10.5 million. This year's unexpected price cap on supplemental health insurance in Slovenia resulted in a high loss of EUR 30.9 million in the health insurance segment in the first half of 2023, which had a significant impact on the Group's half-year result.

Sava Re expects the costs of the unprecedented storms and floods that hit Slovenia and the Balkans in July and August to reach EUR 100 million. The negative impact on the 2023 result is estimated at EUR 30 million to EUR 35 million. For 1H 2023 business volume up by 11.7% to EUR 495.1 million, while net profit was of EUR 40.0 million.

Following its regular annual rating review, the rating agency S&P Global Ratings (the Agency) affirmed the “A” (strong) insurer financial strength rating on Sava Re and Zavarovalnica Sava. The outlook is stable.

Bulgarian energy and financial group Eurohold Bulgaria AD announced that during January-June it booked Total revenues increased to nearly BGN 2.13 billion (EUR 1.09 billion) while ЕBITDA grew to BGN 378 million (EUR 193 million).

Austrian VIG - Vienna Insurance Group reports strong results for the first half of 2023, presented for the first time in accordance with the IFRS 9 Financial Instruments and IFRS 17 Insurance Contracts accounting standards.

The insurance market of Central and Eastern Europe (CEE) totaled EUR 12.5 billion at the end of Q1 2023, according to the data centralized by xprimm, up by 10.2% y-o-y. The value of paid non-life claims and life indemnities increased by 2.3% y-o-y to EUR 6.5 billion.

Austrian insurer UNIQA informed that during H1 2023 its premiums written rose by 7.9% to EUR 3,707.3 million vs. EUR 3,436.0 million a year before. “Above all, property and casualty insurance and health insurance contributed to this very pleasing growth”.

Slovene re/insurance group SAVA informed that its management board estimates that the profit for 2023 will be approximately 25% lower than planned, or around EUR 40 million, due to the impact of the storms and floods. 

Martijn Hoogeweegen, currently Head of NN Life & Pension Services, will be appointed CEO of NN Belgium as of 1 September, subject to regulatory approval.

Süha ÇELE joined Eureko Sigorta in 1999 and has been Chief Operating Officer with corporate sales responsibility and member of the Executive Board for the past ten years. He has also several responsibilities in the market, and he is a board member of the motor bureau and the agricultural pool.

Global reinsurer Swiss Re reported a net income of USD 1.4 billion and a return on equity (ROE) of 22.8% for the first half of the year, compared with a net income of USD 157 million and an ROE of 1.6% for the same period in 2022. Swiss Re representatives informed the company maintains its guidance for full-year targets.

Munich Re generated a profit of EUR 1,154 million (vs. EUR 1,585 million) in the second quarter of 2023, and EUR 2,425 million (vs. EUR 3,066 million) in the first six months of the year.

Subject to substantial interest rate and market volatilities and in view of the current ongoing weather extremes, Vienna Insurance Group expects a profit before taxes for the Group in a range of EUR 700 - 750 million for the full-year 2023 under IFRS 17/9, as the Austrian insurer informed in a statement.

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurer of Allianz Group, part of Allianz Commercial, reported HY 2023 total gross premium written of EUR 6.583 billion, 10% more y-o-y.

The Talanx Group generated a record Group net income of EUR 827 million in the first half of 2023 and is confident of exceeding its FY Group net income target of EUR 1,400 million, as the German insurer informed in a statement.

After 24 years with Munich Re Group, Clemens Muth, currently Chief Underwriting Officer at ERGO Group, has decided to leave the company at the end of 2023 with the expiry of his current contract to pursue other personal interests. Edward Ler, currently Executive Vice President and Head of Southeast Asia region at Chubb Asia Pacific in Singapore, has been appointed as his successor as of 1st January 2024.

Italian group Generali reported gross written premiums worth EUR 42.2 billion in H1 2023, which is by 3.6% more y-o-y, mainly driven by significant P&C growth (+10.6%). The net result improved to EUR 2,243 million, from EUR 864 million 1H2022.

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), part of Еurohold Bulgaria AD. The same rating has been affirmed to the reinsurance company of the group - EIG Re AD.