A MetLife study shows that, despite the current global environment, nearly one-third of employees are still willing and interested in expat work assignments, but employer support is needed.
Against the background of the Covid-19 pandemic, MUNICH Re and the FRAUNHOFER-GESELLSCHAFT launched the Give a Breath Challenge in March of this year. They aim to promote innovative ideas that can help people who have contracted the new coronavirus, contributing their own expertise and networks, and funding totalling EUR 1 million.
According to the most recent M&A Risk in Review report series recently released by global re/insurance broker Aon, despite the number of M&A deals may decrease due to turbulent times, transaction insurance market remains resilient.
Lloyd's, the world's leading specialist insurance and reinsurance market, announced the creation of its newest "syndicate in a box," Syndicate 1796, set up to insure the storage and transportation of a COVID-19 vaccine once developed to emerging economies.
Global reinsurer MUNICH Re has announced COVID-19 related losses of roughly EUR 700 million in its reinsurance operations in Q2 2020.
Eurochambres has entered a Memorandum of Understanding with Generali under which they agreed to cooperate so as to promote and implement a potential 'Pandemic Risk Pool' against future pandemic risks.
Taking into account the current global economic situation due to pandemic, it is crucial to maintain liquidity and investment potential and preserve jobs, Ante VLAHOVIC, President of the Board of the Croatian ADRIS Grupa - CROATIA's osiguranje shareholder stated at the group's latest GM.
Coronavirus crisis' impact by the end of March was already higher than that registered at the end of 2008, many observers foreseeing that the pandemic might cause the most serious crisis since the 1930s, stated Carlo SCHIAVETTO, CFO at GENERALI CEE Holding for the Progetto Repubblica Ceca magazine.
The percentage of Romanians who prefer to purchase insurance policies via online instruments has doubled, as compared to last year, according to UNSAR-IRES Barometer on "Perception of risk and insurance culture in Romania", wrote ww.1asig.ro.
GENERALI Slovakia donated innovative UVD robots for highly-efficient disinfection of the premises to five Slovak hospitals. The germicidal robots are very helpful for the hospitals not only during the coronavirus pandemic but also in daily safeguarding the high hygienic standards needed in the health facilities.
While announcing many of the Munich Re's offices are gradually and carefully reopening worldwide, the German group has also shared its assessment on the impact of the Corovirus pandemic on business, confirming a high probability of not reaching the EUR 2.8 billion profit guidance for 2020.
Given that travel insurance policies' coverage for Covid-19 health incidents is still questionable, Turkey announced it will cover the cost of medical treatment for holidaymakers, as a measure included in its Safe Tourism Certification Program aiming to encourage international travelers to visit the country.
Starting June 22, up to 25% of UNIQA employees return to their jobs in Austria. This is second phase in the process of the gradual return of employees to their office locations, after carefully ramping up the locations across the country for a few weeks.
Global re/insurance broker Aon announced the formation of a coalition of leading companies and organizations to strengthen communities and move toward societal and economic recovery in the wake of the COVID-19 pandemic.
Austrian insurer VIG informed that APEIRON Biologics AG successfully performed its planned capital increase with subscription rights and private placement, raising EUR 11.9 million on 2 June 2020. "At around EUR 7 million, Vienna Insurance Group was the anchor investor in this round of financing. Vienna Insurance Group holds a direct interest of just over 3% in APEIRON".
"Increasing inequality, dramatically shifting consumer behaviors and a lockdown that is having a significant toll on young people's prospects, mental health and wellbeing are highly interdependent issues which impact the global economy, geopolitics and our societies in equal measure," commented John Scott, Head of Sustainability Risk and Zurich Insurance in the WEF & Zurich Insurance Covid-19 Risk report
Following recent communications from EIOPA and the Autorite de Controle Prudentiel et de Resolution ("ACPR"), relating to the adoption of a prudent approach towards dividend distributions during the Covid-19 pandemic, AXA's Board of Directors, at its meeting on June 2nd, decided to reduce its dividend proposal from Euro 1.43 per share to Euro 0.73 per share.
GENERALI announced it donated EUR 100,000 to the Government of the Republic of Serbia to support the healthcare system in the fight against COVID-19 pandemic and to the Fire Eye laboratory for the purchase of lab supplies and equipment, hygiene and disinfection supplies, office supplies and furniture, for the workers' compensation and for the development of research and training potential.
Zurich Insurance Group (Zurich) welcomes the announcement of the UK's Financial Conduct Authority (FCA) to test policy wordings from across the UK insurance industry in the UK High Court, with the aim of bringing clarity to policyholders and insurers over coverage issues relating to business interruption stemming from the unprecedented outbreak of the COVID-19 virus.
The Board of Directors of the French group SCOR has announced on May 25 that it will propose to the Shareholders' Meeting of June 16, that no dividend be distributed for the 2019 fiscal year and that the entire income for that year be allocated to distributable earnings.