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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the appointment of Daniel Unstad as head of Liberty Nordics, effective immediately. Based in Oslo, he will report to Roland Richter, Regional Executive & Sr. Vice President Head of Surety – EMEA and Rob Groenen, general manager, LSM Benelux & Nordics.
Insurtech firm Yokahu, a Lloyd’s Coverholder, has launched cat-risk.com, a parametric risk exchange designed to streamline transactions between brokers, carriers, and data providers in the London insurance and reinsurance market.
Aon, a leading global professional services firm, announced that Rob McDonough and Brian Hodges will join the firm to accelerate Aon’s construction, infrastructure and surety practice in North America.
Aon, a leading global professional services firm, announced Denise Perlman will join the firm to lead the middle market segment practice in North America, effective April 1.
With the expiration of the mandate of the previous presidency, the Hungarian Insurers Association (MABISZ) elected a new, eight-member Executive Board on March 12, 2025, the Association said on its website.
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan announced the appointment of Andrew George as President of Marsh Specialty, effective immediately.