News - Insurance

Generali appoints Cecile Paillard as Group CTO

Italian insurer Generali announced the appointment of Cecile Paillard as Group Chief Transformation Officer (CTO), effective as of September 2nd 2024, directly reporting to the General Manager, Marco Sesana.

STATISTICS: Bosnia Q1 market expanded to over EUR 130 million

At the end of March 2024, the BiH insurance market totaled EUR 132.7 million (BAM 259.44), up by 13.12% y-o-y, as the local insurance agency – AZOBIH informed. At the same time, the value of claims paid by insurers expanded by 9.78% y-o-y to EUR 54.49 million.

STATISTICS: Albanian insurers’ end-March 2024 business increased to over EUR 50 million

Albanian insurance market posted Q1 2024 GWP of ALL 5.2 billion (~EUR 50.8 million), or 1.7% more y-o-y, according to the quarterly figures published on the website of the local financial supervisory authority - AFSA. The statistics published by the Albanian FSA include the figures from 12 insurance companies operating in the country: four life insurers and eight non-life.

STATISTICS: RUSSIA, 1Q2024: insurance market growth slowed to 5.5%

In 1Q2024, the market amounted to RUB 578.4 billion (EUR 5.81 billion), which is 5.5% more y-o-y in local currency. At the same time in euros the market result was negative (-10.86%). The Central Bank notes in its review of key performance indicators of insurers that the growth of the market has slowed down from 21.2% in 1Q2023.

CO projected H1 2024 net profit is slightly below EUR 30 million

At the General Assembly of the Adris Group, as a part of the presentation of Adris Group companies, Management Board of CROATIA osiguranje d.d. informed about business performance in the past year as well as trends in the first six months of the current year.

GC launches Capital & Advisory Group and names Alexander Schnieders as Global Head

Guy Carpenter, the reinsurance broker of Marsh McLennan, announced the formation of the Capital & Advisory group as part of its Global Capital Solutions unit. The business also announced the appointment of Alexander Schnieders as global head of Capital & Advisory, reporting to Laurent Rousseau, CEO of Europe, IMEA and Global Capital Solutions.

KBC Group: Bartel Puelinckx will replace Luc Popelier as KBC Group CFO

The Board of Directors of KBC Group NV has decided to appoint Bartel Puelinckx as new Chief Financial Officer and member of the Executive Committee of KBC Group. He will succeed Luc Popelier, who resigned to take up the position of CEO of Hamburg Commercial Bank (Germany) as of 1 September 2024.