News - Insurance
Guy Carpenter announced senior appointment to Property Catastrophe value proposition
Guy Carpenter & Company, today announced the appointment of Paul Miller to lead Guy Carpenter's Property Catastrophe value proposition for UK, Global Specialties and key global clients, effective September 2021.
28 September 2020Toronto Centre: Financial authorities and firms need to adapt to the operational constraints and heightened risks resulting from COVID-19
Toronto Centre published a guide containing a framework for all financial supervisors and regulators to address the immediate and the longer-term consequences of COVID-19 on their financial sectors.
28 September 2020Swiss Re announces further plans to streamline legal entity structure of the Group
Swiss Re announced further streamlining of the legal entity structure of the Group. Following the announcement on 19 June 2020 that the Life Capital Business Unit will be disbanded, Swiss Re intends to also reorganise the legal entity structure of its Corporate Solutions Business Unit.
28 September 2020POLAND: KNF gives consent for UNIQA to take over Polish branches of AXA
During its meeting on September 17, 2020, the Polish Financial Supervision Authority approved the acquisition of AXA businesses from Poland by UNIQA Group.
28 September 2020Allianz and Athora Holding, in talks to buy Aviva's French operations
A consortium of German insurer Allianz and life insurer Athora Holding is in advanced talks to buy Aviva's French operations in a deal worth between 2 and 3 billion euros (USD 2.3 - USD 3.5 billion), StreetInsider.com reports, citing sources close to the matter.
28 September 2020A.M. Best confirms SCOR's Financial Strength Rating of 'A+ Superior' and its Issuer Credit Rating of 'AA-'
A.M. Best has decided to affirm SCOR's Financial Strength Rating of 'A+ (Superior)' and its Long-Term Issuer Credit Rating of 'aa-'. According to A.M. Best, this decision reflects "SCOR's balance sheet strength, which A.M. Best categorises as very strong, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management."
28 September 2020Katarina Slezakova was elected to the Supervisory Board of Vienna Insurance Group
During the 29th Annual General Meeting of VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe, held virtually on 25 September 2020, Katarina Slezakova was elected to the Supervisory Board.
28 September 2020TURKEY: Anna Grzelonska appointed as CEO of NN Hayat ve Emeklilik
Anna Grzelonska will be appointed Chief Executive Officer (CEO) of Hayat ve Emeklilik, effective 1 December 2020, subject to regulatory approval. As CEO of Hayat ve Emeklilik, Anna will focus on continuing our growth in the local market.
28 September 2020Allianz SE announced changes to the Board of Management
Allianz SE announced several changes to its Board of Management. Both new board appointments are subject to regulatory approval.
28 September 2020STATISTICS: NORTH MACEDONIA, 1H2020: Property insurance grew by 20.5%
During the first six months of 2020, the insurance market of North Macedonia amounted to MKD 5.2 billion (~EUR 83 million*) in gross premiums written (GWP) and MKD 1.8 billion (~EUR 29 million*) in claims paid. The overall GWP of the market decreased by 1.7%, while consolidated claims decreased by 6.8%, in local currency.
24 September 2020Wednesday, 30 September, the Georgian insurance market LIVE on YouTube
Wednesday, 30 September at 14.00 EEST, XPRIMM TIME FOR BUSINESS will be again on air, on the XPRIMM TV YouTube channel, with an edition dedicated to the Georgian insurance market. How did insurers cope with the difficulties raised by the Coronavirus outbreak and what are the market perspectives for the next period, are the two questions that our guests will answer.
24 September 2020STATISTICS: BiH, 1H2020: tight competition for the market leadership; business volume only slightly affected by the Covid crisis
The first half of 2020 ended for the Bosnian insurers with total GWP of EUR 191.7 million, 2% less y-o-y, a result mainly driven by the non-life segment's decrease in premiums volume, especially on the credit insurance and Motor Hull insurance lines.
24 September 2020Willis Re report: COVID-19 crisis fuels cyber losses
Willis Re launched a new report about cyber attacks according to which surveyed risk professionals believed the overall level of cyber attacks will increase as a result of COVID-19. Of nearly 1,000 respondents to Willis Re's 2020 Cyber Risk Outlook survey, 86% believe frequency will increase, and 54% believe severity will rise, according to the annual, global survey by the reinsurance division of Willis Towers Watson.
24 September 2020Munich Re issues a EUR 1.25 billion green bond
Munich Re announced the issue of a subordinated green bond, with the volume issued amounting to EUR 1.25 billion. This bond highlights Munich Re's commitment to using the capital markets to help achieve a climate-friendly transformation of the economy.
24 September 2020POLAND: PZU Auto Ochrony Prawna, a new service for fleet and leasing customers
PZU Group announced that from mid-September, PZU Auto has an additional variant of Legal Protection insurance. Thanks to it, drivers get quick and easy access to legal services in Poland and Europe.
24 September 2020POLAND: PZU launches civil liability insurance product for cyclists and scooter users
PZU announced a new product that will cover the damages caused by the holders of motor third party liability insurance also while driving a personal transport device - in short the UTO. This includes bicycles, segways and scooters which are becoming more and more popular in Poland.
24 September 2020STATISTICS: KOSOVO, 1H2020: Insurers turned on profit at the end of June
The insurance market of Kosovo totaled EUR 46.36 million at the end of June 2020, 4.29% less y-o-y, data provided by the Central Bank (CBK) showed.
24 September 2020LATVIA: Compensa VIG will pay more than EUR 1 million indemnities for Lido fire incident
On the evening of June 11, a high-risk fire broke out in the meat processing and production workshop of the company "Lido", located in Riga. The flames had affected a two-story production building - a hangar-type warehouse, an administrative room and a smoking workshop. During the fire, a total of 600 square meters of premises were damaged.
24 September 2020KYRGYZSTAN: Investments into financial intermediation and insurance increased by 29.6% y-o-y
In the first half of 2020, the inflow of foreign direct investment decreased 2.4 times y-o-y, to USD 164.4 million, according to the National Statistical Committee of the Kyrgyz Republic.
24 September 2020Aon study: Reinsurers' capital position remains robust after strong capital market recovery in 2Q2020
Aon published its first six months of 2020 Reinsurance Aggregate report ('the ARA'), series tracking the financial performance of leading reinsurance carriers in the global market. The report found that reinsurers' capital position remained robust at the end of 1H2020, after a strong capital market recovery in the second quarter.
23 September 2020
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