News - Insurance

French insurer Axeria IARD entered the Romanian MTPL market

French insurer Axeria IARD, headquartered in Lyon, became active on the Romanian MTPL market on the right of the Freedom of Establishment, being greenlighted by the French and Romanian supervisory authorities: ACPR (Autorite de controle prudentiel et de resolution) and ASF (Autoritatea de Supraveghere Financiara), as informed here.

Aegon to repurchase shares for share-based compensation plans

The Dutch insurance group Aegon announced that it will repurchase common shares for an amount of EUR 50 million to meet its obligations resulting from the 2021 and 2022 share-based compensation plans for senior management. The repurchased shares will be held as treasury shares until they are allocated to the plan participants.

AIG announced leadership changes

American International Group announced that Marilyn HIRSCH has returned to AIG as Senior Vice President, Treasurer, effective immediately, reporting to Shane FITZSIMONS, Executive Vice President and Chief Financial Officer, AIG. In addition, Kathleen CARBONE has been named Vice President and Chief Accounting Officer, AIG, effective March 1, 2022 reporting to Shane FITZSIMONS.

AXA has completed the sale of AXA Bank Belgium

AXA announced today that it has completed the sale of its Belgian banking operations, AXA Bank Belgium, to Crelan Bank NV/SA, for a total consideration of EUR 691 million, comprised of a net cash consideration of EUR 611 million, and the transfer to AXA Belgium of 100% of Crelan Insurance - valued at EUR 80 million.