News - Insurance

At the end of 2019, Russian MTPL GWP decreased by 3.4% y-o-y to RUB 220.2 billion (~EUR 3.17 billion), while paid claims, on the contrary, grew by 5.6%, to RUB 150.1 billion (~EUR 2.16 billion), as preliminary data of the Russian Association of Motor Insurers (RAMI) show, ASN reports.

AGCS promotes HAAGEN to Specialty CUO and Board member

ALLIANZ Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of ALLIANZ Group, appoints Henning HAAGEN as Chief Underwriting Officer Specialty and member of the Board of Management, subject to regulatory approval. Effective March 1, 2020, HAAGEN will succeed Paul O'Neill, who left AGCS in September 2019.

Willis Re appoints head of International Casualty Reinsurance

Willis Re recently announced the appointments of Cameron Green as head of International Casualty Reinsurance practice and John Philipsz as CEO of Willis Re Australia. Both appointments are effective as of 1 January 2020. Cameron and John will continue to be based in Sydney.

World Economic Forum publishes annual Global Risks Report

According to a press release by the WEF, for the first time in the history of the Global Risks Perception Survey, environmental concerns dominate the top long-term risks by likelihood - extreme weather,climate action failure, natural disasters, biodiversity loss and human-made environmental disasters being the top 5 long term risks identified in the World Economic Forum's Global Risks Report 2020.

UKRAINE: GWP of UNIVERSALNA increased by 15% y-o-y in 2019

According to the preliminary results of 2019 summed up, the GWP of UNIVERSALNA insurance company (included in TOP-10 Ukrainian non-life insurers in 3Q2019) increased at the end of 2019 by 15% y-o-y, to UAH 950 million (~EUR 35.95 million), as Forinsurer reports.