AM Best has assigned a Long-Term Issue Credit Rating of "A-" to the EUR 750 million fixed rate senior dated subordinated notes due 2030 issued on 1 October 2019 by Assicurazioni Generali S.p.A. (Generali) (Italy).
Munich Re purchased additional shares in Silicon Valley based "Next Insurance", taking its overall holding in the Californian start-up to around 27.5%.
S&P Global Ratings affirmed its 'A' long-term issuer credit and financial strength ratings on the core operating entities of Austria-based multiline insurance group UNIQA.
FRISS announced to have extended their partnership with Munich Re to globally support insurers in their fight against fraud.
On September 25th, 2019, A.M. Best affirmed the Financial Strength Rating (FSR) of "A+ (Superior)" and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" of SCOR SE and its main operating subsidiaries.
Lloyd's profit before tax for the period was GBP 2.3 billion, almost four times more y-o-y, underpinned by a combined ratio of 98.8% and investment income of GBP 2.3 billion.
Sirius Group appointed Florian BOECKER in the newly created role of Head of Life Reinsurance, a natural extension of Sirius Group's existing Global Accident & Health ("A&H") business.
Zurich Insurance Group announced that Peter GIGER will join the Group on October 1, 2019, as Group Chief Risk Officer and a member of Zurich's Executive Committee. The appointment is subject to regulatory approval.
September 2019 results of SAM Corporate Sustainability Assessment (CSA) have placed the German Allianz insurer on the first place, based on its overall measured score.
The Supervisory Board of the Hungarian VIG Group company UNION Vienna Insurance Group Biztosito Zrt. has appointed Gabriella ALMASSY the new General Manager of the company effective 1 January 2020.
Trust Re announced the strengthening of its Executive Management team, thus forming its new Executive Committee. The nominations have been approved by The Central Bank of Bahrain, and are part of Trust Re's strategic plans.
In recognition of his dedicated effort and outstanding leadership in Poland, Romania, the Baltic States, the Ukraine and Moldovia, Franz Fuchs will be named Deputy General Manager on 1 October 2019. Three new members with extensive international experience in the Group - Gerhard Lahner, Gabor LEHEL and Harald RIENER - will join the Managing Board as of 1 January 2020. Judit HAVASI will resign from the VIG Managing Board at the end of 2019.
Guy Carpenter announced a key leadership change to further its growth strategy. David PRIEBE has been appointed to the role of Chairman of Guy Carpenter, effective immediately.
SCOR has been informed of the decision by Standard & Poor's (S&P) to affirm the financial strength rating for the Group and its main subsidiaries at "AA-", with a "stable outlook", and to maintain the counterparty credit ratings at "AA-/A-1+".
Aon published its half-year ARA (Aon's Reinsurance Aggregate) report on the global reinsurance market. The report shows strong earnings among the top reinsurance companies, driven by premium growth, a small incidence of major losses and improved investment results.
France-based CCR Group released its first half of 2019 report. CCR, the public-sector reinsurer, reported a total amount of EUR 929 million written premiums (+3.5% y-o-y), while CCR RE, the global branch of the group, a total premium volume of EUR 441 million (+16% y-o-y).
Vienna Insurance Group (VIG) starts operating in Sweden, Norway, Denmark and Finland. A locally established team of VIG underwriters will be offering insurance solutions to corporate customers through brokers, the Austrian group has announced.
AVIVA has announced the appointment of Erica ARNOLD to the new role of Chief Operating Officer, reporting to Maurice TULLOCH.
David FLANDRO joins Hyperion X as Managing Director of Analytics, Reinsurance News informs. FLANDRO previously held the role of Global Head of Analytics of JLT Re.
France-based Groupama Group reported a total premium income of EUR 9,459 million for the first six months of 2019, showing an increase of 1.0% year-on-year, mostly sustained by French business, which grew by 1.9%.