News - Insurance
Austria: New leadership at the Austrian Insurance Association
On January 1, 2025, Gregor Pilgram, CEO of Generali Versicherung AG (Austria), assumed the position of President of the Austrian Insurance Association VVO. He will hold this position for the next two years.
13 January 2025Christopher Flatt becomes Global Chief Underwriting Officer of AIG and joins the company’s Executive Leadership Team
American International Group (AIG) announced that Christopher Flatt, currently Head of AIG North America Alternative Channels, has been named Global Chief Underwriting Officer, effective immediately. Mr. Flatt will report directly to Peter Zaffino, Chairman & Chief Executive Officer, AIG and join the company’s Executive Leadership Team, the Group said.
13 January 2025WTW announces new appointments
WTW, a leading global advisory, broking and solutions company, announced the appointment of Hugo Wegbrans as Head of Corporate Risk and Broking (CRB) Europe and Simon Delchar as Global Head of Placement, the company said.
13 January 2025Lloyd’s of London CEO John Neal appointed Global Chairman of Climate Solutions and Global CEO of Reinsurance by Aon
Aon plc, a leading global professional services firm, announced the appointment of outgoing Lloyd's of London’s CEO, John Neal as Global Chairman of Climate Solutions and Global CEO of Reinsurance for Aon, effective following the conclusion of his notice period.
13 January 2025ESTONIA: LKF: Only 15% of off-road vehicles and snow vehicles have road insurance
Starting last December 1, road insurance was extended to all-terrain vehicles, such as snow vehicles and TRVs registered as all-terrain vehicles. Today, however, only 15% of all-terrain vehicles have motor insurance. If a snow vehicle or other off-road vehicle is used, it must have road insurance, LKF wrote.
13 January 2025High recognition from the Dow Jones Sustainability Index places Allianz among the topmost sustainable insurers globally
Allianz announced its renewed inclusion in the prestigious Dow Jones Sustainability Index (DJSI) for 2024, a testament to the company's commitment to sustainable action. This recognition underscores Allianz's long-term efforts to drive change and create a positive social and environmental impact globally, the company said in its press release.
13 January 2025NN Group completes sale of its Turkish operations to Zurich Türkiye
NN Group, an international financial services company, active in 10 countries, with a strong presence in a number of European countries and Japan, announced the completion of the sale of its Turkish operations to Zurich Türkiye, the Group said in its press release.
13 January 2025POLAND: Rankomat: last year MTPL prices increased by 25%
According to data collected by Rankomat, last year MTPL prices increased by 25% compared to 2023. The experts believe that drivers will face further increases in 2025, Gazeta Ubezpieczeniowa (Insurance Gazette) writes.
13 January 2025Romania: fire, electrical phenomena and storms are the Top 3 risks for home owners, UNSAR says
The largest compensation received by a Romanian homeowner whose residence was protected by an optional insurance policy and affected by a fire exceeded EUR 422,000, according to an analysis conducted among UNSAR (the professional union of the Romanian insurers) members.
13 January 2025SCOR finalizes the sale of its stake in the Humensis group
On January 2nd, SCOR announced that it has finalized the sale of its stake in the capital of Humensis to Huyghens de Participations, the holding company of the Albin Michel group.
13 January 2025STATISTICS: UKRAINE, 3Q2024: non-life grew by 12%, while life insurance - by almost 14%
The Ukrainian insurance market demonstrated growth in all key indicators for the first 9 months of 2024 - assets, insurance premiums and paid claims. GWP rose by 12.18% to UAH 38.30 billion (EUR 833.48 million), and paid claims - by 25.30% to UAH 15.07 billion (EUR 327.95 million), according to data published by the National Bank.
8 January 2025Aon and Moody’s partner to help clients solve credit risk management challenges
A newly established partnership combining Aon’s extensive client expertise with Moody’s advanced suite of digital tools, will enhance insurance broking and risk management outcomes for clients by delivering innovative insurance and risk management solutions for clients.
8 January 2025Guy Carpenter: Renewal outcomes at year-end reflect reinsurers’ positive property experience over the last two years
According to Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, non-loss-impacted property catastrophe renewals saw notable risk-adjusted reinsurance rate reductions of 5% to 15% at January 1.
8 January 2025John Latter to lead Claims for Chubb Overseas General Insurance
In December 2024 Chubb announced the appointment of John Latter to lead Claims for Chubb Overseas General (COG), effective immediately.
8 January 2025Nick Nadgauda to join MetLife as Executive Vice President and Chief Information Officer in March 2025
MetLife in December announced that Nick Nadgauda will join the company as Executive Vice President and Chief Information Officer, effective March 10, 2025, the company said in its press release.
8 January 2025KAZAKHSTAN: voluntary property insurance of motor vehicles decreased by 10% in January-August 2024
Voluntary property insurance of motor vehicles in Kazakhstan in January-August 2024 amounted to KZT 67.9 billion (~EUR 0.13 billion), which is 10.1% less y-o-y. At the same time, the number of road accidents in Kazakhstan has doubled, Allinsurance.kz reports.
8 January 2025CCN Group acquired AFA UK strengthening its strategic position in the UK market
On 14th November 2024, the Claims Corporation Network (CCN) Group announced the acquisition of 100% of AFA UK, a significant move that will further bolster its position in the UK market.
8 January 2025GrECo acquires majority stake in Comergon, expanding footprint to Greece and Cyprus
GrECo, the independent risk consultant & insurance broker in CEE, headquartered in Vienna, Austria, announced the acquisition of a majority stake in Comergon, a well-established privately-owned specialist insurance broker for corporate Property & Casualty risks as well as Health & Benefits in Greece and Cyprus.
8 January 2025AZERBAIJAN: PASHA Life Insurance business rises by 22% in 2024
PASHA Life Insurance, the leader of the insurance market in Azerbaijan, achieved significant success by all financial indicators in 2024. The company's GWP increased by 22%, total assets rose by 13%, while profit in 2024 increased by 20%, according to the Chairman of the Board of PASHA Life Insurance Niyaz Ismayilov, Trend writes.
8 January 2025Bosnia and Herzegovina: GWP in Bosnia’s Serb Republic in Jan-Nov 2024 rise 11.4%
From January to November 2024 GWP of insurance companies in Bosnia’s Serb Republic totaled KM 326.4 million (EUR 166.9 million), up 11.4% y-o-y, according to the Serb Republic’s insurance regulator, SeeNews wrote.
8 January 2025
