A.M. Best revises Issuer Credit outlook to positive for Assicurazioni GENERALI S.p.A.
A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of "a" of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries.
AIR Worldwide: 2017's global insured average annual loss was of about USD 80 billion
According to the "2017 Global Modeled Catastrophe Losses" report released by catastrophe modeling firm AIR Worldwide (AIR) the global insured average annual loss of 2017 was of about USD 80 billion.
PZU awarded for the innovative use of technology in support of the hearing-impaired customers
PZU was awarded by the European Innovation Organization EFMA the "Insurance Innovation of the Month", in recognition of its innovative way of servicing Deaf and Hearing Impaired clients.
Vienna Insurance Group to merge two of its three Czech Group companies
Subject to approval by the local authorities and the relevant boards, Vienna Insurance Group (VIG) plans to merge its Czech subsidiary Pojistovna Ceske sporitelny (PCS) with its Group company Kooperativa pojistovna with effect from 1 January 2019.
QATAR Re, reinsurance arm of QIC wins Bond deal of the Year
QATAR Re, the reinsurance arm of Qatar Insurance has won the much-coveted "Bond / Sukuk Deal of the Year by a Debut Issuer award" at the Bonds, Loans & Sukuk Middle East Awards ceremony that was held onDecember 7 in Dubai.
VIG to merge its Croatian Group companies
Croatian bancassurer ERSTE osiguranje is due to merge with WIENER osiguranje at the end of April 2018, subject to the approval by local authorities, as the Austrian VIENNA Insurance Group announced in a statement.
JLT Re: Thomas Fire may impact reinsurance and retrocession markets
The destructive Thomas Fire burning in Southern California is likely to become the largest in modern state history and impact reinsurance and retrocession markets, according to JLT Re quoted by BestWire.
AON completes the acquisition of UK-based broking firm HENDERSON
Global re/insurance broker AON sait it has completed the acquisition of HENDERSON Insurance Broking Group, an independent UK-based broking firm.
Slovenian Sava Re Acquired NLB Nov penziski fond AD Skopje
Slovenian Group Sava Re will buy a 100% stake in NLB Nov penziski fond AD Skopje, a Macedonian pension fund owned by NLB bank, with assets under management of EUR 370 million.
ZURICH to acquire ANZ's life insurance businesses in Australia
ZURICH Insurance Group announced that it has entered into an agreement to acquire 100% of ANZ's life insurance businesses, OnePath Life, in Australia for AUD 2.85 billion (USD 2.14 billion).
ON THE MOVE
Industry veteran David LUNDGREN to head InsurTech Pioneer Quantemplate
David LUNDGREN has been appointed CEO and Board Director of Quantemplate, an InsurTech firm which uses machine learning to help re/insurers grow their business through data transformation and analytical insights.
Swiss Re appoints new CFO and proposes new members to the BoD
Swiss Re announced that John DACEY, currently Group Chief Strategy Officer, is appointed Group Chief Financial Officer, effective 1 April 2018. He succeeds to David COLE, who will step down to pursue a non-executive career, while remaining a board member of several Swiss Re subsidiaries.
Piotr OZAREK is the PZU's first Ombudsman
Piotr OZAREK was appointed to perform the newly established function within PZU, as the first client's spokesperson of the insurer. His main task will be of helping in the most difficult and complicated cases in which PZU's clients are not satisfied with the solution.
Desmond BOHAN joins JLT Re as Senior Vice President
JLT Re, part of the global provider of reinsurance broking and consultancy, has appointed Desmond BOHAN as Senior Vice President in Stamford, Connecticut. He will focus on the continued expansion and development of JLT Re's Program practice in North America.
"Insurance and Pensions reloaded" - the 7th EIOPA Annual Conference
The 7th EIOPA Annual Conference takes place today in Frankfurt am Main, Germany. A review of the current supervisory covergence issues and of the prospects of the Pan European Personal Pension Product are on the event's agenda, together with analyzing the ways in which regulation may enable innovation.
NBMR, Moscow: Regulatory changes have challenged the Russian insurance market in 2017
"The Russian insurance market is ending a difficult year," Igor ALEKSEEV, Chairman of the Steering Committee of November Business Meetings of Reinsurers, Deputy Head of the Reinsurance Department, INGOSSTRAKH said today in Moscow.
"IIF2017 - Insurance in the DIGITAL World" Conference took place in Vienna
"IIF2017 - Insurance in the DIGITAL World" conference brought together in Vienna well-known insurance professionals from all over the world who analyzed the latest digital trends in the industry, taking into account the fast digitalization of the financial services providers' world, in particular in the insurance field, which is creating both huge opportunities and strong challenges for the players.
Croatian Insurance Days Live
On 9 November has started in Opatija, Croatia, the 2017 edition of the Croatian Insurance Days Conference, the traditional meeting of the Croatian insurance top professionals with their European peers. XPRIMM Publications are supporting the event as Media Partners.
The 2017 Baden Baden Meeting: Short recap
The Baden-Baden meeting, one of the key events in the reinsurance calendar, has just set the final point of this year's edition. XPRIMM Publications have reported from the meeting's premises. Let's recap!
Baden Baden Headlines 3: CEE insurance markets are attractive for reinsurers
Central and Eastern Europe insurance markets are an important source of business for Lloyds, total premium income from this region increasing by EUR 64 million since 2010, pointed out the Lloyd's representative in a seminar dedicated to CEE insurance markets: "We are seeing strong growth from Czech Rep, Poland, Slovakia and Ukraine. At the same time are some contractions from Russia, Bulgaria, Romania and Hungary due to challenging trading conditions as political implications and other sanctions".
Baden Baden Headlines 2: cyber insurance market set to grow under regulatory presure; nat cat events more frequent, but losses per event are decreasing
Asian insurance market, especially the Indian market - are considered to be "the new El-Dorado" of the global re/insurance market, with rapidly expanding markets and an dynamic environment: "Indian P&C re/insurance markets are expected to grow at a pace of 15% per annum", according to Victor PEIGNET, CEO, Global P&C, SCOR SE. The French -based reinsurer setted-up its Indian branch in 2016, after the authorisation from the local market authority - IRDAI. India's re/insurance market has become more attractive for global companies following the relaxation of regulatory requirements, and lately, "big names" in the industry entered the market by opening branches: GEN Re, SCOR, Lloyd's of London, MUNICH Re, SWISS Re, Reinsurance Group of America (RGA), HANNOVER Re, XL Catlin and others.
JLT Re: Harvey, Irma and Maria brought a decisive end to a five-year period of below-average global catastrophe losses
"2017 looks set to become the most expensive catastrophe loss year ever for the P&C sector, mostly due to the hyperactive 2017 hurricane season," finds the Viewpoint Report - Winds of change launched yesterday by JLT Re.
5th Insurance Claims & Underwriting Management Asia Summit 2018
6-9 February 2018
Singapore, Rendezvous Hotel Singapore
Organizer: Equip Global Pte Ltd
Media Partner: XPRIMM Publications
More details: equip-global.com
6th Edition Nordic Asset Allocation: Investing in Alternative Asset Classes
7-9 March 2018
Organizer: marcus evans
Media Partner: XPRIMM Publications
For details: marcusevans-conferences-paneuropean.com
European Consumer Protection Conference
22 March 2018
Prague, Czech Republic
4th Annual African Insurance Forum
5-6 April 2018
Johannesburg, South Africa
Media partner: XPRIMM Publications
For details: ins.fextons.com