MARSH McLENNAN (MMC) reported Q2 2023 revenue of USD 5.9 billion, an increase of 9% compared with the second quarter of 2022. Operating income was USD 1.5 billion, an increase of 7% from a year ago. Net income attributable to the Company was USD 1.0 billion, or USD 2.07 per diluted share, compared with USD 1.91 in the second quarter of 2022.

Global re/insurance broker Aon reported Q2 2023 total revenue worth USD 3.17 billion, up by 7% y-o-y, while total operating expenses increased by 2% to USD 2.3 billion.

Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions confirmed that Peter Spires has decided to step down as General Counsel to pursue fresh challenges in the Lloyd’s market.

Teodora Petkova, who has been leading starting May 2021 UniCredit's business in Eastern Europe for two years - with direct responsibility for Bosnia and Herzegovina, Bulgaria, Croatia, Romania and Serbia, and joint responsibility for Russia, will now also be responsible for the group's banks in Central Europe.

Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (the owner of Croatia osiguranje Group - one of the largest insurers in Adriatic region) informed that, in the first half of 2023 it recorded EUR 435 million in total revenue, which is a growth of 13%.

French reinsurer SCOR posted insurance revenue of EUR 3,930 million in Q2 2023, up +4.3% compared to Q2 2022. At the same time, P&C combined ratio of 88.5% (-24.6 pts compared to Q2 2022). SCOR informed it generates EUR 192 million net income in Q2 2023, contributing to EUR 502 million net income in H1 2023

The insurance broker Marsh announced the appointment of Angela Duca as Global Head of Credit Specialties, Marsh Specialty. She succeeds Nick Robson, who has been named Global Chairman, Credit Specialties. “The appointments are effective immediately and both will report to Pat Donnelly, President, Marsh Specialty and Global Placement”.

French insurance group AXA informed its H1 2023 gross written premiums and revenues increased by 2% y-o-y to EUR 55.7 billion. At the same time, AXA posted underlying earnings worth EUR 4.1 billion, up by 5% y-o-y, the company being on track on track to deliver the 2023 target worth EUR 7.5 billion.

The Allianz Group announced that it had completed a transaction regarding the sale and transfer of its operations in Lebanon to Global Gate Capital (GGC Group), a leading Asset Manager, as the Munich-based group streamlines its operations.

Dutch financial group Aegon announced the sale of its 56% stake in its joint venture in India, Aegon Life Insurance Company, to Bandhan Financial Holdings Limited, an Indian financial services company.

On 27 July 2023, the international rating agency Standard & Poor's (S&P) confirmed Vienna Insurance Group's (VIG) rating of "A+" with stable outlook. “This means that VIG continues to be one of the companies with the best rating in the ATX of the Vienna Stock Exchange”.

UK insurer Aviva has signed a contract with Barclays UK to purchase its home insurance portfolio, which comprises 350,000 customers.

Global commercial insurance prices increased 3% in the second quarter of 2023 (down from a 4% increase in Q1), according to the Global Insurance Market Index  released by the insurance brokerage company Marsh. The second quarter marks the 23rd consecutive quarter of pricing increases.

Dutch insurer Achmea announced that Nienke Meijer was appointed as a member of Achmea’s Supervisory Board for a period of four years. The appointment has been approved by the Dutch central bank. Nienke Meijer fills the vacancy that arose when Lineke Sneller stood down in April.

Global insurance broker announced the appointment of Charles Williamson as CEO of Victor, its leading global managing general underwriting business. He succeeds Brian Hanuschak, who has been named Chairman of Victor. The appointments are effective August 1.

At the end of July, German re/insurance group Allianz announced that Allianz Global Corporate & Specialty (AGCS) together with the commercial insurance business of local Allianz Property & Casualty (P&C) entities will begin to trade as “Allianz Commercial”.

Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan announced that Pat Donnelly has been appointed as President, Marsh Specialty and Global Placement, effective immediately. He will continue to be based in Chicago and reports to Martin South, President and Chief Executive Officer, Marsh.

Global reinsurer Swiss Re informed in a statement that the Board of Directors proposes Jacques de Vaucleroy for election as Chairman at next AGM in April 2024

Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, announced the appointment of Rebekah Clement in the new role of Corporate Affairs Director.

American International Group (AIG) announced that Christopher Schaper, currently CEO of AIG Re, has been named Global Chief Underwriting Officer of AIG, effective as of the closing of the previously announced sale of Validus Re to RenaissanceRe, which is expected to occur in the fourth quarter of 2023.