News - Insurance

Aon appoints PETREVSKI as Senior VP and GM of Data & Analytic Services

Global re/insurance broker Aon announced it has promoted Steve PETREVSKI as Senior Vice President and General Manager of Data & Analytic Services to drive its growth strategy through new capabilities that leverage emerging technologies for digital businesses and accelerate foundational Data and Analytic Services capabilities. PETREVSKI will report to John Bruno, CEO of Data & Analytic Services and COO of Aon.

Generali, 1Q2020: P&C combined ratio improved to 89.5%

For the first three months of 2020, Generali Group recorded a net profit of EUR 113 million, 84.8% lower year-on-year. The group's operating result reached EUR 1,448 million, up 7.6%, driven by P&C and Asset Management growths.

VIG Re, 1Q2020: Net earned premiums climbed 35.7% y-o-y

VIG Re, part of the Austrian Vienna Insurance Group, ended the first three months of 2020 with a net profit of EUR 2.4 million, -42.5% lower y-o-y, impacted, as most reinsurers, by the effects of COVID-19 crisis on the financial markets and a higher volume of claims.

RUSSIA: in 1Q2020 accumulative insurance share reached 26% of the life GWP

For the first quarter, GWP of KAPITAL Life (among TOP-5 life insurers) increased by 14% y-o-y, exceeding RUB 5.3 billion (~EUR 61.82 million). Besides, based on the quarterly results, the company maintained leadership in terms of the number of effective accumulative life insurance contracts, ASN reports based to the data of the All-Russian Insurance Association (ARIA).

Online Event: Insurance AI and Innovative Tech Virtual

Even before Covid-19 began its global march, the insurance industry was gearing up for profound change. But as the events of 2020 continue to evolve, there is growing sense of urgency for carriers to accelerate delivery of spot-on solutions for their customers.

Global Commercial insurance pricing up 14% in Q1 2020

Global insurance broker MARSH released last week the Global Insurance Market Index for the first quarter of 2020. The increase, the largest since the index was launched in 2012, comes despite the minimal impact of the COVID-19 global pandemic on pricing in the quarter.

Irene DORNER is appointed Chairwoman of AXA's Audit Committee

Following the death of Stefan LIPPE - AXA Director since 2012 and former Chief Executive Officer of the Swiss Re Group, Director of the Company and Chairman of the Audit Committee, AXA's Board of Directors, upon recommendation of its Compensation & Governance Committee, decided to designate Irene DORNER, director of the Company and member of the Audit Committee since April 2016, as Chairwoman of the Audit Committee. Irene DORNER should remain Chairwoman for approximately a year.

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