News - Insurance

Marsh names Sarah Stephens US Central Zone Leader

Marsh, one of the the world's leading insurance broker and risk advisor, announced that Sarah Stephens, current Head of Cyber for the UK and International, Marsh Specialty, will assume the role of US Central Zone Leader effective May 1, reporting to Pat Donnelly, President, US and Canada, Marsh.

MetLife names Bryan Boudreau new global Chief Actuary

MetLife announced that Bryan Boudreau has been named executive vice president and Global Chief Actuary, effective May 11, 2023. Boudreau succeeds Andy Rallis, who will retire effective May 10, 2023, after a 39-year career at MetLife - including 11 years as Global Chief Actuary.

STATISTICS: CNB, YE 2022 figures: Czech market expanded to over EUR 8 billion

The Czech insurance market totaled CZK 200 billion (EUR 8.3 billion) at the end of 2022, up by 11.3% y-o-y, according to the year-end figures published by the Czech National Bank (CNB). For the life segment, the GWP value (including reinsurance) increased by 5% y-o-y CZK 54.3 billion, while the non-life insurance market was up by 13.9% y-o-y to CZK 145.8 billion.

STATISTICS: MOLDOVA, FY2022: the market grows by more than 28% in a year

The insurance market of Moldova ended 2022 with an increase of 28.28%, reaching MDL 2.47 billion (EUR 121.26 million), according to data published by the National Financial Market Commission. Paid claims amounted to MDL 905.68 million (EUR 44.44 million), which is 36.78% more y-o-y.

STATISTICS: Slovakia, FY 2022 NBS data: insurers' profits increased by 24% to EUR 195.79 million

At the end of 2022, the Slovak insurance market totaled EUR 1.92 billion, 4.7% more y-o-y, according to the Q4 2022 Analytical Data of the Financial Sector published by the National Bank of Slovakia (NBS). The value of paid claims by local insurers increased by 15.5% y-o-y to EUR 1.18 billion, of which EUR 583.9 million related to life indemnities, EUR 176.9 million - Motor TPL, EUR 183.4 million- MoD and EUR 159.7 million - payments related to property claim files.

Groupama posted FY2022 premium income of EUR 15.9 billion, up by 4.3% y-o-y

French insurer Groupama reported YE2022 premium income of EUR 15.9 billion, up by 4.3% y-o-y with "strong growth in property and casualty insurance (+8.6% to EUR 8 billion), driven by the good performance of international subsidiaries (+20.4%), particularly in Romania". In Life and health, Groupama posted growth worth 0.8% y-o-y (to EUR 7.8 billion) both in France (+0.7%) and abroad (+1.1%).

ESG IN INSURANCE Conference: the agenda is online

In less than two weeks, on 4 April, Hotel Bristol in Vienna will host the first edition of the ESG IN INSURANCE Conference. Organized in partnership with Vienna Insurance Group and with the support of IUC Group, the event will provide an encompassing review of the impact that incorporating ESG goals may have on insurers' business.

David Benedek new member of Save Re's management Board

On 21 March 2023, David Benedek was granted a license by the Insurance Supervision Agency to become a member of the management board of Sava Re. Appointed as a member of Sava Re's management board on 15 December 2022, David Benedek began his 5-year term of office on 22 March 2023.