News - Insurance

Sava Insurance Group prepared its annual plan for 2021

Based on its 2020-2022 strategy, the Group plans to generate more than EUR 685 million in operating revenue and to close 2021 with a net profit above EUR 53 million, which translates into a planned return on equity of at least 11.5%.

Benoit Ribadeau-Dumas succeeds Denis Kessler as SCOR's CEO

On the committee's recommendation, SCOR's Board of Directors has decided to separate the roles of Chairman and Chief Executive Officer. The separation will come into full effect following the General Meeting in the spring of 2022.

POLAND: rules for divident payouts in 2021 issued by the KNF

KNF, the Polish authority for the financial markets' supervision has issued on 16 December a document concerning the dividend policy in 2021 for financial companies, including insurance companies, reinsurance companies and insurance and reinsurance companies.

AM Best Affirms Credit Ratings of Colonnade Insurance S.A.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" of Colonnade Insurance S.A. (Colonnade) (Luxembourg), a member of Fairfax Financial Holdings Limited (Fairfax) [TSX: FFH] group of companies. The outlook of these Credit Ratings (ratings) is stable.

Generali Group and Accenture created GOSP - a new digital group

In order to accelerate the insurer's digital transformation strategy, Generali Group and Accenture formed a joint venture named Group Operations Service Platform (GOSP) - that will leverage cloud technologies and shared technology platforms, according to a press release.