News - Insurance
Filo Jet sinking off Cyprus puts marine insurance exposures and seaworthiness under scrutiny
Marine insurers and claims specialists are assessing potential exposures following the sinking of the high-speed passenger catamaran Filo Jet on August 30, 2026. The vessel capsized and sank approximately four nautical miles off Kyrenia (Girne), Northern Cyprus, while operating a scheduled service to Taşucu, Türkiye.
3 September 2026GERMANY: Natural hazard insured losses reached EUR 950 million in 1H2026
Natural hazards caused insured losses of around EUR 950 million in Germany in the first half of 2026, broadly unchanged from the same period last year, according to the German Insurance Association (GDV). The relatively moderate claims bill was mainly due to the absence of major winter storms.
3 September 2026RECREX Group opens a new company in the Republic of Moldova and becomes a Green Card System correspondent
RECREX Group, an international group specializing in claims management and correspondent services within the Green Card System, announced the establishment of RECREX INTERNATIONAL S.R.L., its newly registered company in the Republic of Moldova.
3 September 2026ROMANIA: XPRIMM Insurance Market Awards Gala honors the industry's top performers
At the 26th edition of the XPRIMM Insurance Market Awards Gala, GROUPAMA Asigurari won the Company of the Year award, while Virgil SONCUTEAN, CEO of ALLIANZ-TIRIAC Asigurari, was awarded the Manager of the Year trophy.
3 September 2026Guy Carpenter became Marsh Re starting September 1st
Starting September 1st, Guy Carpenter has officially become Marsh Re, bringing the group’s reinsurance business under the Marsh brand, Dean Klisura, President and CEO of Marsh Re, announced.
3 September 2026IGI announces the launch of Cipher, a specialty treaty reinsurance platform focused on cyber
International General Insurance Holdings Ltd. (IGI), the international specialty insurance and reinsurance group, announced the launch of Bermuda-based Cipher Underwriting Ltd. (“Cipher”), a specialty treaty reinsurance managing general agent (MGA) established to provide dedicated cyber treaty underwriting expertise and solutions on a global basis.
3 September 2026Arch insurance EU appoints Italy Branch Manager following Milan office launch
Arch Insurance EU (Arch) announced the appointment of Giacomo Mariani as Italy Branch Manager, subject to regulatory approval.
3 September 2026Liberty appoints Mylène Martin-Ahmine as Chief Operating Officer
Liberty Specialty Markets (Liberty), part of Liberty Mutual Insurance Group, announces the appointment of Mylène Martin-Ahmine as Chief Operating Officer, Liberty Europe. Martin-Ahmine will report into Pierre-Edouard Fraigneau, President, Liberty Europe.
3 September 2026Marsh appoints Jens Florian-Jansen as Head of Insurance Practice, Europe; Matthias Grass as President of Marsh Risk Germany
Marsh, a leading global professional services firm, today announced the appointment of Jens Florian-Jansen as Head of its Insurance Practice, Europe, effective immediately. Matthias Grass, formerly CFO of Swiss Re Corporate Solutions, succeeds Mr. Florian-Jansen as President of Marsh Risk Germany, effective immediately.
3 September 2026WTW becomes official insurance partner of WSL Football
WTW has become the official insurance partner of the Barclays Women’s Super League (BWSL) and WSL2 under a new multi-year partnership aimed at supporting the continued development and professionalization of women’s football.
3 September 2026STATISTICS: MOLDOVA, 1H2026: market rises by nearly 12%
Moldova's insurance sector grew by 11.63% in the first half of 2026, reaching MDL 1,778.26 million (EUR 88.26 million), according to data published by the National Bank of Moldova.
1 September 2026Marsh: Justin Ward appointed as CEO of Pacific, Guy Carpenter, and James Beedle to join Guy Carpenter Pacific’s board of directors
Marsh, a global leader in risk, reinsurance and capital, people and investments, and management consulting, has announced the appointment of Justin Ward as CEO of Pacific, Guy Carpenter, effective immediately.
1 September 2026ALBANIA: Insurance market rises 3% in January-July
The total GWP of Albanian insurers rose by 3% y-o-y to ALL 15.9 billion (EUR 172 million) in the first seven months of the year, according to the Albanian Financial Supervisory Authority (AFSA), SeeNews reports.
1 September 2026ARMENIA: MTPL GWP and paid claims continue to rise, while those for health insurance decline
MTPL GWP y-o-y growth accelerated from 16% to 18.5%, whereas health insurance saw a sharp decline—switching from a 4.7% increase a year ago to a 34.7% decrease in the first half of 2026.
1 September 2026AZERBAIJAN: In January-July, GWP rise by 7.3%, while paid claims increase by nearly 27%
According to the Central Bank of Azerbaijan, insurance companies operating in the country collected premiums totaling AZN 1,006.4 million (~EUR 514.41 million) in January–July, which is 7.3% more y-o-y, according to Trend. Meanwhile, paid claims reached AZN 671.4 million, representing a y-o-y increase of 26.9%, the Central Bank stated.
1 September 2026CROATIA: In January-July insurance market rises almost 7%
In the first seven months of this year Croatia-based insurers reported overall collected premiums of EUR 1.3 billion, up 6.9% on the year, SeeNews writes.
1 September 2026ESTONIA: The number of traffic insurance cases rises 14% in the first half of 2026, yet fewer people injured
In the first half of 2026, there were 17,851 traffic insurance incidents in Estonia, which is 14% more y-o-y. According to Tuuli Pärenson, Chairman of the Board of the Estonian Motor Insurance Fund (LKF), the figures for the first half of the year show that traffic accidents are an everyday reality in Estonia.
1 September 2026KAZAKHSTAN: Insurance market development program through 2030 to require comprehensive restructuring of insurance ecosystem
The insurance market should be viewed not merely as a mechanism for risk protection, but also as a source of long-term capital and an institution fostering shared responsibility among the state, citizens, and businesses, stated Nurzhan Tursunkhanov, Deputy Chairman of the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan.
1 September 2026LATVIA: Total amount of reserved claims after storm exceeds EUR 8 million
Insurers have so far received more than 4,800 insurance claims following the weekend storm, according to data compiled by the Latvian Insurers Association (LAA). They already have paid EUR 424,000 for the losses caused by the storm, while total amount of reserved claims reaches EUR 8.05 million.
1 September 2026UKRAINE: From January to July, MTPL records a rise, while Green Card segment declines
In the first seven months of the year, insurers collected nearly UAH 14 billion (~EUR 0.28 billion) in MTPL, which is 10.5% more y-o-y. Worth noting that premiums from electronic contracts totaled UAH 13.97 billion, meaning the share of the electronic sales channel approached 100%, Forinsurer writes.
1 September 2026
