News - Insurance

Litmus Analysis’ Reinsurance Renewal Roundup – January 2024: improvements in risk-adjusted pricing and growing premium volume

According to an examination of the P&C treaty renewals from January 2024 of the big four European reinsurance groups (Munich Re, Hannover Re, Swiss Re, Scor) by Litmus Analysis, suggest that recent measures to improve the quality of their reinsurance book may be contributing to a more differentiated approach to managing risk appetites and underwriting strategies in the current business environment.

GRAWE Group supports Moldova's EU integration chances  

GRAWE Carat, the leader of the insurance market in the Republic of Moldova, celebrated 20 years of successful activity. The anniversary event took place on Tuesday, 23 April at the Palace of the Republic in Chisinau and gathered representatives of the authorities of the Republic of Moldova, Austria and the EU, members of the management of the international concern GRAWE, customers, business partners, employees, and collaborators of the company.  

Insurance Europe: EU must stay on course to deliver Solvency II

Insurance Europe has called on the European Commission to ensure that the forthcoming technical work on Solvency II - the EU's prudential regime that regulates the industry – fully reflects the political agreement made in December 2023.

Munich Re, Q1 2024: preliminary net profit of EUR 2.1 billion

With a preliminary net profit of approximately EUR 2.1 billion in the first quarter of 2024, the Munich Re Group has made a strong start to the year, significantly surpassing analysts’ expectations of EUR 1,476 million, the Group announced.

Aon names new CEO of Reinsurance Solutions in India

Global re/insurance broker Aon announced that Shailendra Sapra had been named CEO of the firm’s Reinsurance Solutions in India and a member of the APAC region’s Reinsurance Executive Committee, effective June 1st, 2024.

CO Board Member Vanco Balen to leave the company

CROATIA osiguranje, the largest Croatian insurer and one of the biggest market players in Adriatic Region, announced in a statement published on the ZSE web-site (Zagreb Stock Exchange), that that the Management Board Member Vanco Balen will leave the company.

Munich Re to strengthen local P&C Underwriting with revised set-up in Asia Pacific & Africa

Reinsurer Munich Re announced it strengthens its in-market Underwriting leadership capability in Asia Pacific, Middle East & Africa (APAC MEA). “The mandate of local market Underwriting positions will be strengthened. The high level of expertise that has been built in Munich Re’s Underwriting units allows for greater localization of the Underwriting teams and closer client proximity in-country.”

Rich Soja appointed Global Head of Marine at Allianz Commercial

Allianz Commercial (is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks) announced a key appointment to its global Specialty leadership team taking effect immediately.