ACHMEA's AGM has appointed Roelof JOOSTEN as a member of the Supervisory Board. He succeeds Antoon VERMEER, who retired from his position last year after his maximum term of office. JOOSTEN's appointment is for four years and was approved by the Dutch Central Bank (DNB).
Bulgarian financial holding EUROHOLD - the owner of insurer EIG - Euroins Insurance Group reported in a press release that it is entering exclusive talks to buy the assets in Bulgaria of CEZ.
Swiss Re's shareholders approved all proposals put forward by the Board of Directors at its Annual General Meeting (AGM).
Francesco MARTORANA is the new Chief Executive Officer of Generali Insurance Asset Management S.p.A. Societa di gestione del risparmio (GIAM), effective April 1st, 2019.
Damian ZIABER was appointed the director of the PZU Group's Corporate Communication Office, replacing Marek BARAN, who will remain in the Group's structure.
With the publication of 2018 Group Annual Report, Vienna Insurance Group (VIG) has confirmed the preliminary results, announced on 21 March 2019. The Group intends to use its strong capitalisation (solvency ratio of 239%) to achieve further growth.
Poland-based PZU Group announced that progress was realized on their PZU GO service, an innovative technology, which will support the insurer's employees and experts in motor claim handling. The time necessary for claim handling will be significantly shorten through the software.
GENERALI Group announced its first Italian boutique with a strategic partnership, aimed at launching a new asset management company. The new venture will develop multi-asset strategies, serving the needs of clients around the world, both private and institutional.
After opening new branch offices in Frankfurt and Paris, VIG Re announced organizational changes. Olaf DIETRICH will be the new Chief Underwriting Officer, leading the newly formed Corporate Underwriting Department, while Petr STEPAN will head the new CEE market department.
Willis Towers Watson is acquiring TRANZACT for USD 1.2 billion in closing consideration, with potential earn-out of up to USD 200 million, payable in either cash or stock by 2021, if certain financial targets are achieved.
Italian insurer GENERALI announced signing an agreement to take over the entire life, non-life and composite insurance portfolios of three entities of ERGO International AG in Hungary and Slovakia. The sale is subject to certain regulatory and anti-trust approvals, as is customary for transactions of this kind. The parties have agreed not to provide details of the purchase price and other terms.
SCOR Global Life SE and SCOR Global P&C SE merged into SCOR SE on March 31, 2019, as the Paris-based reinsurer announced in a statement.
At the the General Meeting of Shareholders, the Supervisory Board and the Management Board of Zavarovalnica Triglav will propose the allocation of EUR 56.8 million to dividend payments, or EUR 2.50 gross per share for 2018.
Marsh & McLennan Companies (MMC) announced the completed the acquisition of Jardine Lloyd Thompson Group plc (JLT) for USD 5.6 billion in fully diluted equity value. A week ago, the European Commission gave the green light for the transaction.
PZU successfully completed a pilot project of using artificial intelligence (AI) in handling motor damage claims, the company announced in a press release. PZU is the first insurer in Poland to implement this unique technology on such a scale.
The global trade credit insurance COFACE announced the launch of its credit insurance offer in Greece, after being granted a license from the Greek regulatory authority to operate as credit insurer.
Dubai-based International General Insurance Holdings Limited (IGI) recorded USD 301.6 million in GWP, an increase of USD 26.3 million (+9.5%), at the end of 2018. Improvements were in the net result, as well as the combined operating ratio.
TheEuropean Commission announced it approved the acquisition of Jardine Lloyd Thompson Group plc by Marsh & McLennan Companies. "The approval is conditional on the divestment of JLT's global Aerospace practice", as the European Regulator stated.