News - Insurance
Maarten PERQUIN to succeed Frans van der ENT as the Chairman of ACHMEA Pension & Life
Maarten PERQUIN has been appointed as chairman of ACHMEA's Pension & Life division with effect from 1 May 2020. He is succeeding Frans van der ENT, who will be pursuing his career outside the company from this date.
25 March 2020Gregor PILGRAM to become GENERALI Austria's new CEO
GENERALI CEE informed as of 1 May 2020 Gregor PILGRAM will become Chairman of the Board of Directors and Chief Executive Officer of GENERALI Versicherung, as well as GENERALI Group's Country Manager in Austria.
25 March 2020George WILLIAMS appointed Global Head of Client Support Services for Guy Carpenter & Co
Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and a business of Marsh & McLennan Companies, announced today that George WILLIAMS has been appointed as Managing Director, Global Head of Client Support Services, effective immediately.
25 March 2020BELARUS: Fitch affirmed BELEXIMGARANT rating at 'B', stable outlook
The international rating agency Fitch Ratings affirmed the rating of BELEXIMGARANT at 'B' with a stable outlook, BELTA reports with a reference to the agency's press release.
24 March 2020KAZAKHSTAN: Jan.-Feb. voluntary health insurance increased by 36% y-o-y amid a decline in segment's loss ratio
GWP for voluntary health insurance in January-February increased by 36% y-o-y and amounted to KZT 13 billion (~EUR 30.9 million), while its market share (10.4%) remained mostly unchanged compared to previous year, Allinsurance.kz reports.
24 March 2020RUSSIA: the 3rd International Insurance and Reinsurance Congress postponed to July
The International Insurance and Reinsurance Congress, including the 24th Annual Reinsurance Conference as previously scheduled on April 21-22, 2020, is postponed to July 2020, exact dates to be informed later. The event is supported by All-Russian Insurance Association.
24 March 2020RMS appointed Michael Steel as Global Head of Business Development
RMS, the world's leading catastrophe risk modeling company, announced the appointment of Michael Steel as Global Head of Business Development, joining the RMS Executive Committee.
23 March 2020WTW appointed Susan Finbow as Global Head of FINEX Financial Institutions
Willis Towers Watson announced the appointment of Susan Finbow as Global Head of FINEX (Financial, Executive and Professional Risks) Financial Institutions.
23 March 2020Everest Re named Don Mango as Chief Risk Officer and Chief Actuary
Everest Re Group announced the promotion of Don Mango to Everest Group Chief Risk Officer and Chief Actuary effective March 30th.
23 March 2020FIAR 2020 moves to Bucharest
FIAR - The International Insurance-Reinsurance Forum, to be held in Romania on 24-26 May, relocates for 2020 in Bucharest, to ease access and logistic issues for its traditional attendees.
19 March 2020Insurance Europe welcomes the IFRS 17 deferral until 2023 and improvements to standard
IFRS 17 deferral until 2023 and improvements to standard welcomed, but disappointing that important issues remain unaddressed by IASB, a press statement released by Insurance Europe today says.
19 March 2020CROATIA: HANFA rejected Triglav's purchase over Raiffeisen's pension insurance company
In March 2020, The Croatian Financial Services Supervisory Agency (HANFA) rejected the issue of authorization to acquire a majority stake in the Croatian pension insurance company Raiffeisen Mirovinsko osiguravajuce drustvo by Triglav Group.
19 March 2020STATISTICS: MOLDOVA, FY2019: GRAWE was the sole life insurer, with 100% market share
At the end of 2019, the Moldovan insurance market recorded an increase of 7.02% y-o-y in local currency. Market GWP went up to MDL 1.6 billion (~EUR 84.4 million), while the growth rate of paid claims was more prominent (+19.09%), according to the latest data published by the National Commission of Financial Market (CNPF).
19 March 2020STATISTICS: TAJIKISTAN, FY2019: market paid claims jumped almost 44% y-o-y
The Tajik insurance market GWP in local currency remained almost unchanged at the end of 2019 (+0.03%), reaching TJS 234.3 million (~EUR 21.6 million), the conversion in euro showing a slight decrease compared to 2018.
19 March 2020UKRAINE: Green Card GWP grew by almost 27% y-o-y in 2019
Total number of Green Card policies in 2019 reached 1.08 million units (+43.6% y-o-y). GWP of the segment increased by 26.8%, to UAH 1.63 billion (~EUR 61.7 million) vs. UAH 1.29 billion (~EUR 40.7 million) in 2018, according to the report of the Motor Transport Bureau of Ukraine (MTIBU).
19 March 2020RUSSIA: net profit of RNRC almost doubled in 2019 and amounted to EUR 48 million
In 2019, the amount of accrued premiums of the Russian National Reinsurance Company (RNRC) amounted to RUB 14.1 billion (EUR 0.2 billion), which is 16% more y-o-y, while the volume of earned premiums increased by 20%, to RUB 13.3 billion, the reinsurer informed on its website.
19 March 2020Vienna Insurance Group, FY2019: net result increased 23.2% year-on-year
At the end of 2019, for 12 months ended, Vienna Insurance Group (VIG) recorded a net result of EUR 331 million, 23.2% more compared to 2018. The result before tax was EUR 522 million, up 7.4% year-on-year.
18 March 2020VIG Re, FY2019: net profit remained stable at EUR 21 million
VIG Re, part of Vienna Insurance Group, closed the year 2019 with a net profit of EUR 21 million, staying at almost the same level recorded at the end of 2018. The profit before taxes was EUR 26 million, increasing slightly by EUR 65 thousand y-o-y.
18 March 2020Talanx, FY2019: net income climbed 31.3% y-o-y to EUR 923 million
Talanx Group ended 2019 with a consolidated net income of EUR 923 million, 31.3% more year-on-year, driven by increased earnings in all four main divisions of the group, particularly on Industrial Lines.
17 March 2020(POSTPONED) INNOINS-2020 Insurance Innovations Forum to be held on March 31 in Moscow
IV InnoIns-2020 Forum of Insurance Innovations, organized by "Insurance Today" and BusinessDrom Analytical Agency with support and participation of the All-Russian Insurance Association and FinTech Lab, will take place on March 31, 2020 in Moscow (Holiday Inn Moscow Lesnaya Hotel, Moscow, Lesnaya str., 15).
16 March 2020
