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XPRIMM News No. 682, 04 April 2024

Insurance Newsletter No. 682, 04 April 2024
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TOP NEWS

by Andrei VICTOR, 2024-04-02
Lloyd’s re/insurance marketplace FY2023 solid profitability on both the underwriting and investment sides, and a strong balance sheet.
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by Marina MAGNAVAL, 2024-04-04
In the first two months of 2024, 14 insurance companies, operating in Croatia, collected EUR 287.0 million, of which EUR 48.7 million (17%) came from life insurance, and EUR 238.3 million (83%) – from non-life insurance, HANFA – the Croatian FSA, said.
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by Andrei VICTOR, 2024-04-02
Global insurance broker Marsh, part of Marsh McLennan, announced the launch of a new insurance facility for custodians of digital assets, including financial institutions. “The largest facility of its kind, it provides insurance capacity up to USD 825 million and is available to Marsh clients globally”.
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by Marina MAGNAVAL, 2024-04-02
The CEO of the Azerbaijan Insurance Association (ASA) Elmar Mirsalayev held a meeting with the Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Azerbaijan Gurbanmammet Elyasov. At the meeting the parties agreed on establishing ties in insurance, Trend reports.
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by Marina MAGNAVAL, 2024-04-02
The Competition Council in Moldova declared the economic concentration operation between Transtest and Moldasig compatible with the competitive environment. Thus, the company that owns the Banzai brand can acquire 80% of Moldasig, one of the insurance market leaders, bizlaw.md reports.
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by Marina MAGNAVAL, 2024-04-02
TAS insurance group, companies of which are among the top 20 insurers in Ukraine, collected UAH 669.95 million (~EUR 16.22 million) in premiums in the first two months of 2024, which is 37.7% y-o-y, Forinsurer reports.
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by Marina MAGNAVAL, 2024-04-02
In 2023, despite an impact of the difficult global situation on the national economy, the development of the insurance industry was stable, as stated by Deputy Chairman of the National Bank of Tajikistan Sirojiddin Ikromi, the Khovar national information agency of Tajikistan wrote with reference to the National Bank of Tajikistan.
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by Andrei VICTOR, 2024-04-02
Dutch insurer Achmea and Canada's Fairfax Financial Holdings Limited have reached an agreement on the sale of online insurance agency Onlia to Southampton Financial Inc..
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by Daniela GHETU, 2024-04-04
AXA announced the roll-out of its Climate's Climate School, a training offer on the challenges of climate change to its individual shareholders, thus confirming its ambition to be a responsible player in society in the face of environmental challenges.
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ON THE MOVE

by Daniela GHETU, 2024-04-04
Swiss Re announced that Andreas BERGER will become Group CEO, effective 1 July 2024, taking over from Christian MUMENTHALER, who will step down.

by Andrei VICTOR, 2024-04-02
Polish insurer PZU informed in a statement that on 27 March 2024, the Company's Supervisory Board (SB) appointed new President of the PZU SA Management Board and other three Members. “The resolutions came into force upon adoption. All appointments are effective as of 12 April 2024 for a joint term of office covering three full fiscal years 2023–2025.”, informed PZU.

by Andrei VICTOR, 2024-04-02
German reinsurer Hannover Re announced it will combine its global business in the areas of cyber and digital to “further strengthen its underwriting expertise by creating a new specialty reinsurance business unit”.

by Daniela GHETU, 2024-04-04
Aon plc, a leading global professional services firm, announced that Christa DAVIES, executive vice president and chief financial officer (CFO) for Aon, has decided to retire in 2025 after more than 16 years at the firm.

by Andrei VICTOR, 2024-04-02
Reinsurance broker Guy Carpenter, part of Marsh McLennan, announced the appointment of Ben Savill as CEO of Pacific, effective 1 April, 2024. Savill will be based in Sydney and report to Tony Gallagher, CEO of Guy Carpenter Asia Pacific.


STATISTICS

by Andrei VICTOR, 2024-04-02
The Czech insurance market totaled CZK 213.15 billion (EUR 8.62 billion) at the end of 2023, up by 6.52% y-o-y, according to the year-end figures published by the Czech National Bank (CNB).
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by Daniela GHETU, 2024-04-04
Romanian insurers (companies domiciled in the country) ended 2023 with GWP worth EUR 3.65 billion, up by 9.45% y-o-y. At the same time, paid claims decreased y-o-y by about 1.7%, to EUR 1.55 billion, data provided by the market authority (ASF) show.
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by Andrei VICTOR, 2024-04-02
At the end of 2023, the Slovak insurance market totaled EUR 1.95 billion, 1% more y-o-y, according to the Q4 2023 Data of the Financial Sector published by the National Bank of Slovakia (NBS).
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INTERVIEW

by Daniela GHETU, 2024-04-04
“The idea behind the creation of the Brokerslink network was to create a different way of doing international business, an alternative to the big global brokers, José Manuel FONSECA, President & CEO of Brokerslink explained for XPRIMM.
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TOP EVENTS

by XPRIMM Teams, 2024-04-04
Leonardo MEOLI, Head of Sustainability Business Integration, Generali Group has confirmed his presence at the ESG IN INSURANCE Conference, in Vienna, to talk about Generali’s commitment to sustainability and boost “just transition” among European’s SMEs.
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by XPRIMM Teams, 2024-04-04
Join market participants from across the Central and Eastern Europe (CEE) insurance markets at AM Best’s CEE Insurance Market Briefing – Vienna on Wednesday, 17th April 2024, under the conference theme of Insurers "Navigating Geopolitical and Emerging Risks".
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VIG

Omniasig

EVENTS

IIF2024 ESG in Insurance Conference
16 April 2024
Vienna Marriott Hotel, Vienna, Austria
Details: xprimmevents.com


AM Best's CEE Insurance Market Briefing - Vienna
"Navigating geopolitical and emerging risks"
17 April 2024
Vienna Marriott Hotel, Vienna, Austria
Program
Register

20th Anniversary GRAWE Carat Asigurari
23 April 2024
Palace of the Republic, Chisinau, Republic of Moldova

19th Int’l Conference “Insurance and Reinsurance in the Baltics”
25 April 2024
Hotel Radisson Blu Daugava, Riga, Latvia & online
Details and registration

25th International Insurance Reinsurance Forum - FIAR
26-28 May 2024
Hotel Sheraton, Bucharest, Romania
fiar.ro

International Conference on Insurance Claims
29 May 2024
Sheraton Hotel, bucharest
Details: xprimmevents.com

International Insurance Conference of Azerbaijan
20-21 June 2024
Baku, Azerbaijan


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