News - Insurance

Moody's assigns A3 rating to Peak Re, outlook stable

Peak Reinsurance Company Limited, a Hong Kong-based global reinsurer, is pleased to announce that it has received from Moody's Investors Service an A3 insurance financial strength rating (IFSR); and the rating outlook is stable.

AXA XL appointed Xavier Veyry as CEO Asia and Europe

AXA XL today announced that Xavier Veyry has been appointed as CEO Asia & Europe. In taking up the role, Mr. Veyry will join AXA XL's newly configured Leadership Team, reporting to Scott Gunter, CEO.

NatCat events produced tens of billions USD economic losses during May 2020

During May 2020, severe weather events have hit multiple geographical areas across the world. During this month, more than 600 people have lost their lives because of NatCat events, while the total global economic losses exceeded USD 21 billion, the latest analysis published Aon shows.

STATISTICS: CROATIA, 1Q2020: Local insurers' GWP exceeded EUR 400 million

The Croatian insurance market ended 1Q2020 with GWP worth HRK 3 billion (~EUR 402 million*), 4.12% up y-o-y. The largest contributions to the aggregate GWP, in absolute terms, came from the motor insurance classes, traditional life insurance and both property LoBs, according to the figures published by the Croatian Insurance Bureau.

WICKE to take over as CFO of TALANX in September 2020

German insurer TALANX informed Jan WICKE, previously responsible on the Board of Management for the Retail Germany Division, will take over as CFO as from 1 September 2020. He will replace Immo QUERNER who will leave the company on the best of terms and by mutual agreement effective 31 August 2020. At the same time, GOTHAER manager Christopher LOHMANN was appointed as Board of Management member responsible for business in Germany.

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