The Representative Office of GENERALI in Moscow was officially opened on 31 October 2018 by Luciano CIRINA, CEO of GENERALI CEE Holding and Regional Officer for Austria, CEE & Russia and the Chairman & CEO of GENERALI Russia & CIS, Giorgio CALLEGARI.
The German government is reportedly working on two emergency laws to protect cross-border insurance agreements and derivatives contracts in anticipation of a fast-approaching Brexit in March 2019.
American International Group announced that its European subsidiary, AIG Europe Limited (AEL) has received approval from the High Court of England & Wales to transfer its business to two new entities: American International Group UK Limited (AIG UK) and AIG Europe SA (AESA) in preparation for the UK's exit from the European Union.
The Supervisory Board of ERGO Group AG voted to reduce the size of the Board of Management of ERGO Group AG with effect from January 1, 2019. Thus, in the future, the Board of Management will comprise of only five members.
Deal value for global insurance M&A reached EUR 37 billion in the first six months of 2018, driven by a slew of mega-deals which pushed value to its highest first-half total since the financial crisis, according to a new report from Willis Towers Watson and Mergermarket.
The insurance industry is known for having traditional structures with many legacy systems in place. As technology develops and globalization charges on, digital solutions become more important but fewer than one third of insurers report success in transforming business practices.
Swiss Re reported a Group net income of USD 1.1 billion for 3Q2018 compared to a loss of USD 468 million for the same period a year ago, despite an estimated claims burden of USD 1.6 billion from natural catastrophes and large man-made events in the reporting period.
As of November 1, 2018, AXA - Global Healthcare customers will have access to the "Global Care on Demand" service, a virtual doctor developed by Advance Medical, offering simple and flexible health services for globally mobile individual and SME customers.
Canadian group Fairfax Financial Holdings Limited (Fairfax), does not plan to merge the recently acquired Ukrainian AXA units with its insurance company Colonnade Ukraine, First Vice President of AXA Insurance Andriy Peretiazhko said at a press conference on Tuesday, Interfax reports.