News - Insurance
Sierra Signorelli was named as CEO Commercial Insurance of Zurich
Zurich Insurance Group (Zurich) has appointed Sierra Signorelli to the role of Chief Executive Officer for Commercial Insurance and as a member of the Executive Committee with immediate effect. The new appointment to the Executive Committee is subject to regulatory approval.
4 March 2021Insurance Europe give advises on the EDPB guidelines for data breach notifications
Insurance Europe has published its response to a consultation by the European Data Protection Board (EDPB) on draft guidelines which provide the necessary clarity on how to handle practical cases of data breach notifications and the obligations that must be adhered to.
4 March 2021Claire Le Gall-Robinson was appointed to the Group Executive Committee of SCOR
Claire Le Gall-Robinson will join SCOR's Executive Committee staring with March 1. In addition to her role as General Secretary, which she has held since 2016, Claire Le Gall-Robinson is in charge of governance, the compliance function and the legal function.
4 March 2021Aon and Praedicat, new partnership for Insurers Emerging Risks in Casualty Sector
Aon plc (NYSE: AON), announces a new collaboration with Praedicat, a liability emerging risk analytics company, to develop "named peril" products for insurers, helping them to transfer emerging liability risks to reinsurers and the capital markets.
4 March 2021Generali announced 3 new appointments within the Group
Francesco Martorana, Bruno Servant and Tim Rainsford are the 3 new appointments that Generali named within the Group Chief Insurance & Investment function and in the Asset & Wealth Management business unit.
4 March 2021Turkey: TCIP paid throughout 20 years a total cost of TRY 783.2 million for earthquake losses
The Turkish Natural Catastrophe Insurance Pool - TCIP has paid a total of TRY 783.2 million (~ EUR 200 million considering the exchange rate variation) throughout its 20 years of activity. Claims paid in 2020, amounted to TRY 548.7 million, impacted by two major earthquakes that hit Turkey.
4 March 2021RUSSIA: Ksenia SOKOLOVA appointed Chief Operating Officer of SBERBANK insurance
Ksenia SOKOLOVA has been appointed to the position of Chief Operating Officer of SBERBANK insurance, the insurer's press service reported on March 2.
4 March 2021AZERBAIJAN: Azersigorta is planning to close some of its branches in Baku and other districts
The state insurance commercial company of Azerbaijan, Azersigorta, has decided to close some of its branches in Baku and other districts, as Trend reported on March 1.
4 March 2021Croatia: CO Group posted FY2020 net profit of ca. EUR 43.5 million
CROATIA osiguranje Group, one of the largest insurer in the Adriatic Region reported FY2020 consolidated net profit of HRK 327.9 million (ca. EUR 43.5 million), which represents a decrease of 3.4% compared to previous year, as the insurer announced in a statement published on ZSE (Zagreb Stock Exchange) web-site.
4 March 2021TRIGLAV Group, 2020: gross profit down by 10% y-o-y due to low interest rates and increasing technical provisions; technical indicators improved on all lines
Slovene Triglav Group achieved in 2020 profit before tax of EUR 90.9 million, down 10% y-o-y and GWP worth EUR 1,233.8 million, up by 4% y-o-y. The technical result improved on all lines, but the persisting extremely low interest rate environment affected the bottom result.
4 March 2021EIOPA discussion paper on potential inclusion climate change in the natural catastrophe standard formula
Insurance Europe has published its response to a consultation by the European Insurance and Occupational Pensions Authority (EIOPA) on its discussion paper on a potential methodology for the inclusion of climate change in the Solvency II natural catastrophe standard formula.
3 March 2021Munich Re: a profit of EUR 1.2 billion for 2020 and premium growth of 10.9% as per January renewals
Munich Re maintains stable dividend of EUR 9.80 and continues to grow. Despite the high Covid-19 losses, a profit of EUR 1.2 billion has been announced by the company for 2020.
3 March 2021Bulgaria: Eurohold is issuing new shares on the stock exchange
Eurohold Bulgaria, owner of Euroins, intends to increase its working capital up to EUR 100 million by issuing new shares on the Bulgarian Stock Exchange (BVB). The main shareholders of Eurohold, including Starcom Holding AD, confirm their participation in the future capital increase.
3 March 2021UKRAINE: the decision to sell "U.S.I." to be made by the end of March
Insurance company "U.S.I." is selecting an investor for sale. Negotiations with potential investors began in October 2020, the deadline for the decision to sell the company is scheduled for the end of March 2021, Forinshurer informed.
2 March 2021UKRAINE: ARX and ARX Life end 2020 with 17% total GWP growth
ARX and ARX Life have summed up the difficult year 2020, which has become quite successful for them - their total GWP amounted to UAH 2.94 billion (~EUR 84.63 million*) , which is 17% more y-o-y, Forinshurer said.
2 March 2021RUSSIA: Sovkombank acquired the local MetLife insurance company
In January 2021, Sovkombank acquired 100% of shares of the Russian insurance company MetLife for RUB 3.9 billion (~EUR 43.65 million*) - according to the information in the consolidated annual report of the Sovkombank Group under IFRS for 2020.
2 March 2021MOLDOVA: online tools to check calculation of premiums for MTPL and Green Card policies launched
At the end of February, the National Commission for the Financial Market (CNPF) announced the launch of online tools for checking calculation of insurance premiums for MTPL and Green Card policies using the bonus-malus system, CapitalMarket reported with reference to the press service of the CNPF.
2 March 2021AZERBAIJAN: Turkey and Azerbaijan discussed an action plan of cooperation in insurance
In February the Azerbaijan Insurers Association (AIA) and the leadership of the Turkish Insurance Union had an online conference, during which the parties discussed an action plan for the first stage within the framework of mutual cooperation in insurance between the two counties, Trend reported.
2 March 2021AXA FY2020 revenues fell below EUR 100 billion
The French insurer AXA reported total FY 2020 revenues of EUR 97 billion, down just 1% compared to the previous year, while the net income decreased by 18% to EUR 3.16 billion, according to the activity indicators published by the group.
1 March 2021Two new appoitments at AGCS
ALLIANZ Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group announced two global leadership appointments.
1 March 2021
