News - Insurance






POLAND: Gothaer TU rebrands to Wiener TU VIG

Gothaer's Polish subsidiary announced rebranding under the name Wiener TU VIG, after the German company was officially bought by Vienna Insurance Group (VIG) at the end of February 2019. The shift towards the new name and logo should be complete by the end of June this year.

POLAND: Indemnities for floods paid in under 24h

Recent floods from intensive rainfall in southern Poland resulted in massive mobilization from local authorities and insurance companies. Insurers took special measured to make claims liquidation faster and easier for those affected by the weather conditions.


Fitch Ratings upgrades GENERALI's IFS to "A", from "A-"

Fitch Ratings has taken rating actions on Italian insurance group Assicurazioni Generali SpA (GENERALI) and removed them from Under Criteria Observation (UCO), where GENERALI was placed on 15 January 2019.



New appointments inside Swiss Re Corporate Solutions

Swiss Re Corporate Solutions announced a new Head for Accident & Health North America and a new Head for Financial & Professional Services and Casualty Canada, both effective from June 2019. The newly announced Heads will be Katie MCGRATH and Tyler JOHNSTON.

EUROINS, 1Q2019: 41% increase in revenue y-o-y

Bulgaria-based EUROINS, part of EUROHOLD, reported a consolidated revenue of EUR 171 million (+41% y-o-y) for the first three months of 2019. For the same period, EUROINS showed an increase of 37% in gross written premiums (GWP) volume, growth sustained mainly by Romanian and Bulgarian business.



TALANX, 1Q2019: Strong 11% GWP growth in first quarter

Talanx Group began the year with a strong GWP growth of 11%, reaching EUR 11.7 billion. Net income was up by 8%, while the combined ratio slightly improve to 96.8%, compared to 1Q2018. Talanx Group expects a net income of EUR 900 million by the end of 2019.

NN Group, 1Q2019: Net result increased by 28.4%

First quarter results of 2019 improved for NN Group. The net result increased by 28.4%, while the gross premium income reached EUR 4.9 billion, showing an increase of 9.0% compared to the same period of 2018.

Net Insurance announces the establishment of the Innovation Advisory Board

The Net Insurance Innovation Advisory Board of Archimede SPAC just kicked off, designed to strengthen the Insurtech Inside philosophy, which was at the very basis of the company equity story since its creation, leading to notable achievements as the inclusion in the prestigious 2018 Insurtech Almanac drafted by FT Partners.