News - Insurance

Furtschegger to head Allianz Commercial’s Germany & Switzerland region

From January 1, 2024, current Global Head of Entertainment, Michael Furtschegger will be the new Regional Managing Director for Allianz Commercial in Germany & Switzerland, succeeding Hans-Jorg Mauthe who has held various senior leadership positions in his 30+ year career with Allianz Group - retires at the end of 2023, as the German group announced in a statement.

Mark Klein moves to the Board of Management of ERGO Group

Mark Klein, the former Chairman of the Board of ERGO Digital Ventures AG and Chief Digital Officer (CDO) of ERGO, will transition to the ERGO Group AG Board of Management as of January 1, 2024. His new board department will be responsible for all strategic digitalization initiatives, group marketing, and global sales partnerships.

UNIQA announced leaner Management Board structure from July 2024

Austrian insurer UNIQA informed that, as the Supervisory Board decided at its meeting on 22 November, the Management Board team, which will continue to be identical for the listed UNIQA Insurance Group AG and its subsidiary UNIQA Osterreich Versicherungen AG, will comprise seven instead of nine members in future.

Talanx completes acquisition of Liberty Seguros in Brazil

The Retail International division of the Talanx Group successfully closed its acquisition of the Liberty Seguros business with retail customers and small to mid-sized enterprises in Brazil on 22 November 2023, as the German insurer informed in a statement.

UNIQA posted 3Q2023 rise in premiums and profits

Austrian insurance group UNIQA reported January-September 2023 premium growth of 9.4% to EUR 5.5 billion and a significant increase in earnings before taxes to EUR 305 million. “Above all, property and casualty insurance and health insurance contributed to this very satisfactory growth”, as the Austrian insurer pointed out in a statement.

Petra HIELKEMA, EIOPA: A more integrated supervision and closing the protection gaps are the main priorities of the European insurance landscape

“We are not in tranquil times. We are confronted almost daily with a new crisis. So much so that we could almost say that we are living in a state of permacrisis. But despite this, we – supervisors and also industry – are riding out the storm. Our sectors are resilient, sustainable and competitive,” said EIOPA’s Chairperson Petra HIELKEMA, in her keynote speech opening the EIOPA Conference on 21 November 2023.

VIG increases its share of Hungarian business from 55% to 90%

On November 21, 2023, Vienna Insurance Group (VIG) signed a purchase agreement to acquire 35% of the Hungarian holding company VIG Magyarország Befektetesi Zrt., which are currently held by the Hungarian state holding company Corvinus. After completion of the transaction, VIG's share in the holding company will increase from 55 to 90%.

Marsh McLennan cooperates with the Ukrainian government and financial entities to enable critical food supplies exports from Ukraine’s Black Sea ports

Marsh McLennan, in collaboration with the Ukrainian government, the Export Credit Agency of Ukraine, Ukreximbank, Ukrgasbank and DZ Bank, announced the launch of a new facility – Unity – to provide affordable insurance supporting the export of grain and other critical food supplies globally from Ukraine’s Black Sea ports.