News - Insurance
LATVIA: LAA: Natural disasters are causing increasing damage to farmers
The impact of climate change is increasingly being felt in Latvia, causing significant losses to the agricultural sector. However, as data of the Latvian Insurers Association (LAA) shows, insurance coverage in this sector is volatile and usually increases after natural disasters, the LAA said.
17 July 2025Bosnia and Herzegovina: Ivan Luburić to continue working for the mandate period 2025-2029
Ivan Luburić will continue working for another four-year term as the director of the Insurance Supervision Agency of the Federation of Bosnia and Herzegovina, the Insurance Supervision Agency announced on its website.
17 July 2025David Carlson to join Aon as Global Industrial and Manufacturing Leader, effective July 1
Aon, a leading global professional services firm, said David Carlson will join the firm as its global industrial and manufacturing leader, effective July 1.
17 July 2025KNF approves the appointment of Andrzej Klesyk as CEO of PZU
On July 2, 2025, the Polish Financial Supervision Authority (KNF) unanimously approved the appointment of Andrzej Klesyk as CEO of PZU SA, the company said.
17 July 2025Marsh McLennan appoints Bruce Broussard to its Board of Directors, effective immediately
Marsh, the world’s leading insurance broker and risk advisor, and a business of Marsh McLennan, appointed Bruce Broussard as a director, effective immediately. According to the press release, the Company’s Board now consists of 12 directors.
17 July 2025Peter Thirring took over as new Chairman of the Vienna Insurance Group Supervisory Board
Peter Thirring took over the role of Chairman of the Vienna Insurance Group (VIG) Supervisory Board with effect from 1 July 2025, succeeding Rudolf Ertl, who continues to serve on the Supervisory Board as Deputy Chairman.
17 July 2025Vinzenz Benedikt is taking over as Head of Group Finance at UNIQA Insurance Group
Vinzenz Benedikt is taking over as Head of Group Finance at UNIQA Insurance Group AG, the Group said in its press release.
17 July 2025Fix it or fail: European insurers lay out four ways to make FIDA work
Unless the EU’s Financial Data Access (FIDA) proposal is simplified it risks becoming “overly costly, complex and counterproductive,” Insurance Europe has warned, urging policymakers to take its four recommendations on board to ensure the framework is focused, proportionate, and aligned with real market needs.
17 July 2025BELARUS: the market grew by 12% in January-May
In January-May 2025, the insurance market in Belarus amounted to BYN 1,188.72 million (~EUR 351.44 million), which is 12.1% more y-o-y, as reported by the Ministry of Finance of the Republic of Belarus.
17 July 2025Chariot Re, co-sponsored by MetLife and General Atlantic, to become a premier global provider of innovative reinsurance solutions
MetLife, General Atlantic, and Chariot Reinsurance (Chariot Re), an independent Bermuda-based Class E life and annuity reinsurance company, announced the completion of Chariot Re’s initial reinsurance transaction with a subsidiary of MetLife.
17 July 2025ERGO successfully completes the acquisition of NEXT Insurance
ERGO Group successfully completed the full acquisition of NEXT Insurance by Munich Re Group. Consequently, NEXT Insurance is now embedded within the management structure of ERGO, the major primary insurance business of Munich Re.
17 July 2025HUNGARY: A devastating storm in Hungary: more than 45 thousand homes damaged
In the beginning of July, a storm of extraordinary force hit Hungary, causing serious damage, portfolio.hu reports.
17 July 2025MOLDOVA: In 1Q the market’s profit collapses by over 50%
Three insurance companies recorded losses in the first quarter of 2025, while the profit of the entire market has significantly decreased, bizlaw.md writes.
17 July 2025TURKIYE: Fitch: non-life insurers should benefit from improved operating conditions and stronger pricing in 2025
Turkish non-life insurers should benefit from improved operating conditions and stronger pricing in 2025, as Fitch Ratings said in its report titled "Turkish Non-Life Insurance: Gradual Steps to Market Stabilisation", Middle East Insurance Review writes.
17 July 2025Zurich successfully completes the acquisition of Toronto-based global cyber insurance and risk management insurtech, BOXX Insurance
Zurich Insurance Group (Zurich) successfully completed the acquisition of Toronto-based global cyber insurance and risk management insurtech, BOXX Insurance Inc. (BOXX), to provide retail and SME cyber insurance and services globally, Zurich said in its press release.
17 July 2025Romania: Over 1,200 damage claims filed in just a few days after last week’s severe storms
Romanian insurers have already opened more than 1,200 damage claims in the wake of the violent storms that swept across several regions of Romania throughout the second week of July, data from UNSAR, the National Union of Insurance and Reinsurance Companies of Romania show.
17 July 2025UZBEKISTAN: TBC Uzbekistan launches online insurance and enters a new segment to expand the ecosystem
TBC Uzbekistan, the first digital bank in Uzbekistan, launches online insurance and enters a new segment. Creation of its own insurance company TBC Sug‘urta is an important step that opens up insurance for TBC Uzbekistan and strengthens synergy between all products of the ecosystem, TBC Uzbekistan reports.
17 July 2025ALBANIA: In January-May the market totaled EUR 102 million
The Albanian insurance market reached ALL 10 billion (EUR 102 million) in the first five months of the year, up 7.6% y-o-y, according to the Albanian Financial Supervisory Authority (AFSA), SeeNews reports.
11 July 2025Aon launches Aon Broker Copilot to transform the commercial insurance placement process
Aon, a leading global professional services firm, announced the launch of Aon Broker Copilot, a proprietary, patent-pending platform that uses artificial intelligence, large-language models and predictive analytics to transform the commercial insurance placement process, the company said in its press release.
11 July 2025AXA recognized as Most Creative Brand of the Year at the Cannes Lions Festival 2025
AXA won the title of Creative Brand of the Year at the prestigious Cannes Lions Festival 2025, the leading global event for advertising and marketing. Present with two campaigns, AXA Three Words and Group Therapy, AXA won a total of 13 awards in various categories, the company said on its website.
11 July 2025
