News - Insurance
Aon strengthens its Global Risk Analytics Leadership Team
Aon, a leading global professional services firm, announced the appointment of Oriol Gaspa Rebull as global head of analytics strategy and operations for Risk Capital alongside three additional new leaders.
24 March 2025Aon: Eric Andersen has transitioned from his role as president to serve as a senior advisor
Aon, a leading global professional services firm, announced that Eric Andersen has transitioned from his role as president to serve as a senior advisor to Greg Case, CEO of Aon, through June 2026. The role of president has been assumed by Case, according to the company’s press release.
24 March 2025Marsh announces new Global Chair and Global Head of Energy & Power
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan announced the appointment of Amy Barnes as Global Head of Energy & Power, effective immediately.
24 March 2025Allianz to sell its 26% stake in its Indian Non-Life and Life Insurance Joint Ventures to Bajaj Group
Allianz SE entered into binding share purchase agreements with Bajaj Finserv Ltd. to sell its 26% stake in its successful non-life and life insurance joint ventures – Bajaj Allianz General Insurance Company and Bajaj Allianz Life Insurance Company – to the Bajaj Group for a total consideration of EUR ~2.6 billion, the company said on its website.
24 March 2025Consortium of Allianz, BlackRock and T&D Holdings to acquire a leading European life insurance consolidator
A consortium including Allianz, BlackRock and T&D Holdings will acquire ownership of Viridium Group (Viridium), a leading European life insurance consolidation platform, from Cinven. Generali Financial Holdings and Hannover Re remain investors, Allianz said in its press release.
24 March 2025CROATIA: in 2024 premiums of the Croatian insurer Wiener Osiguranje VIG up 9.1%
In 2024 GWP of the Croatian insurer Wiener Osiguranje Vienna Insurance Group (VIG), part of Austrian Vienna Insurance Group and one of the top five life insurers in Croatia, reached EUR 144.8 million, which is 9.1% more y-o-y, thanks to growth in all key business segments, SeeNews writes.
24 March 2025CROATIA: The market as of February 2025: growth in premiums, decline in paid claims
In the first two month of the year Croatian insurance companies collected EUR 312.2 million in premiums, or 8.8% more y-o-y. Of this, EUR 48.2 million (15.4%) came from life insurance, which is 1.1% less y-o-y, and EUR 264.0 million (84.6%) came from non-life insurance, which is 10.8% more y-o-y, osiguranje.hr reports.
24 March 2025Cyber Echo Encore to provide Marsh clients with the option to access up to USD 45 million in new cyber insurance capacity
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan announced the launch of Cyber Echo Encore, an enhancement to its market-leading Cyber Echo insurance facility, providing Marsh clients with the option to access up to USD 45 million in new cyber insurance capacity.
24 March 2025CYPRUS: Hellenic Bank is completing the final steps of the acquisition of CNP
The Bank of Greece approved the acquisition of CNP Cyprus’s insurance companies – CNP Cyprialife and CNP Insurance – by the Hellenic Bank group, according to the Hellenic Bank CEO Michael Louis, cyprusinsurancenews.com wrote.
24 March 2025GREECE: EAEE: Greece remains dangerously underinsured, leaving citizens with a disproportionate financial burden
The Hellenic Association of Insurance Companies (EAEE) held an event "Securing THE FUTURE | Sustainability & Resilience" in the context of its Annual General Meeting. The event covered a wide range of issues such as health and pension savings, focusing on climate change and natural disasters.
24 March 2025KAZAKHSTAN: the insurance sector assets grow by 2.5% in January
Assets of insurance (reinsurance) organizations in Kazakhstan increased by 2.5% to KZT 3.2 trillion (~EUR 5.98 billion) in January 2025, mainly due to growth in income from insurance activities, the Agency for Regulation and Development of Financial Market of Kazakhstan reports.
24 March 2025KYRGYZSTAN: State Insurance Organization invited to participate in regional reinsurance mechanism
The State Insurance Organization (GSO), which is the leader in the insurance market of Kyrgyzstan, held a meeting with representatives of the international company Marsh McLennan, a world leader in insurance and reinsurance, IA “24kg” writes with reference to the press service of the insurer.
24 March 2025MetLife creates a new regional business unit in Latin America by the name of MetLife Xcelerator
MetLife, a global leader in insurance solutions, announced the creation of a new regional business unit in Latin America by the name of MetLife Xcelerator, marking a significant milestone in the evolution of the MetLife Xcelerator platform and execution of the company’s New Frontier strategy, the company said in its recent press release.
24 March 2025Talanx insurance revenue in 2024 rises to EUR 48.1 billion
The Talanx Group published its full consolidated financial statements on 19 March 2025. The Group continued its focus on profitable growth in financial year 2024 while simultaneously increasing its resilience. The Group’s insurance revenue rose by 11% to EUR 48.1 billion, while its operating profit (EBIT) climbed significantly to EUR 4.9 (3.1) billion.
24 March 2025NEXT Insurance to become part of ERGO
Munich Re and NEXT Insurance have signed a definitive agreement regarding the full acquisition of NEXT Insurance by Munich Re on 19 March 2025. The envisaged transaction will have NEXT Insurance become part of ERGO, the major primary insurance business of Munich Re.
24 March 2025UKRAINE: The share of MTPL in total GWP of the TAS group for January-February exceeded 44%
In the first two months of 2025, the TAS insurance group, one of the leaders in the insurance market, generated UAH 990.95 million (~EUR 23.15 million), which is 47.9% more y-o-y, Forinsurer writes.
24 March 2025ALBANIA: An agreement on recognition of social security contributions with Italy is published
Italian government published an agreement on recognition of social security contributions with Albania. The agreement guarantees pension rights of Albanians in Italy and Italians in Albania, from which about half a million Albanians and 4 thousand Italians benefit, shqiptarja.com writes.
24 March 2025STATISTICS: North Macedonia FY2024: Non-life market ranking changed after the merger of the two VIG subsidiaries
North Macedonia's insurance companies reported aggregate FY2024 business worth MKD 15.97 billion (~EUR 259.7 million), up by 11.3% y-o-y, according to the preliminary year-end market figures published on the country's Insurance Supervision Agency website.
19 March 2025ROMANIA: Storm damage payouts double as insurers respond to growing climate risks
Romanian insurers, members of UNSAR - the local professional association -, paid out nearly RON 50 million in storm-related home insurance claims in the first nine months of 2024 - double the total paid for all of 2023, according to the association's latest report.
19 March 2025VIG further expands market presence in Poland: investment in one of the country's largest financial brokers
Following the merger of the Polish life insurance companies belonging to Vienna Insurance Group (VIG) in autumn 2024, VIG is taking the next step to strengthen its local market positioning by acquiring a stake in Phinance – one of Poland's largest financial brokers.
19 March 2025
