Rating firm MOODY's affirmed the Baa1 IFS rating of Assicurazioni GENERALI SpA. Concurrently it has affirmed the ratings of debt instruments issued or guaranteed by GENERALI (Baa2 senior debt; Baa3 senior subordinated debt; Ba1(hyb) junior subordinated debt). The outlook remains stable.
The Italian Group, GENERALI, has entered into an agreement with the German Group Union Asset Management Holding AG to acquire a 100% stake in the Polish asset management company Union Investment TFI S.A., a move that will significantly strengthen GENERALI's presence in Poland.
AON has announced that it is taking another significant step to realize the full potential of its AON United growth strategy by establishing a New Ventures Group and assigning a team of proven senior leaders to further accelerate the creation of new value sources for its clients.
The European Commission has announced that Swiss Re will be part of the Technical Expert Group for Sustainable Finance. Claudia BOLLI, Swiss Re's Head of Responsible Investing, will assist the European Commission specifically on the development of low carbon benchmarks.
TALANX, the Germany's third-largest insurer, announced it planned ambitious targets for 2019 and beyond, targeting a combined positive effect on annual profit of around EUR 50 million.
CHUBB has appointed Judy GONSALVES as Vice President of CHUBB Group and Division President of Bermuda.
SCOR Group's net income reached EUR 342 million for 3Q2018, resulting in a return on equity (ROE) of 7.6%. GWP totaled EUR 11,336 million, up 7.4% y-o-y at constant FX, the Group announced in a press release.
AXA announced on 23 October it had entered into an agreement with Fairfax Financial Holdings Limited, through its subsidiary FFHL Group Ltd., ("Fairfax") to sell all its insurance operations in Ukraine and exit the Ukrainian market.
TRUST Re has announced a 13% y-o-y growth in premiums for 1H2018 and a combined ratio of 96.5%, down from 98.9% a year ago, reaffirming its sound and steady reputation among the company's long list of loyal customers.
ROSGOSSTRAKH, one of the largest Russian non-life insurers is set to buy the local life insurance unit of German reinsurer MUNICH Re - ERGO Life, in a move to re-enter the life insurance segment.
In anticipation of the UK's exit from the EU in March 2019, the French AXA Group has received authorization from the Central Bank of Ireland to move the operations of its European subsidiary XL Insurance Company SE (XLICSE) to Dublin.
Matt RIDER, Group Chief Financial Officer at AEGON, has been appointed Chair of the European Insurance CFO Forum. He succeeds Luigi LUBELLI of Generali.
Marsh & McLennan Companies (MMC) and Jardine Lloyd Thompson Group (JLT) have confirmed that October 10 the Federal Trade Commission (FTC) granted early termination for the waiting period under the Hart-Scott-Rodino Act, with respect to MMC's previously announced acquisition of JLT.