ZURICH Insurance Group announced that it has entered into an agreement to acquire 100% of ANZ's life insurance businesses, OnePath Life, in Australia for AUD 2.85 billion (USD 2.14 billion).
Slovenian Group Sava Re will buy a 100% stake in NLB Nov penziski fond AD Skopje, a Macedonian pension fund owned by NLB bank, with assets under management of EUR 370 million.
Global re/insurance broker AON sait it has completed the acquisition of HENDERSON Insurance Broking Group, an independent UK-based broking firm.
The destructive Thomas Fire burning in Southern California is likely to become the largest in modern state history and impact reinsurance and retrocession markets, according to JLT Re quoted by BestWire.
Croatian bancassurer ERSTE osiguranje is due to merge with WIENER osiguranje at the end of April 2018, subject to the approval by local authorities, as the Austrian VIENNA Insurance Group announced in a statement.
Subject to approval by the local authorities and the relevant boards, Vienna Insurance Group (VIG) plans to merge its Czech subsidiary Pojistovna Ceske sporitelny (PCS) with its Group company Kooperativa pojistovna with effect from 1 January 2019.
QATAR Re, the reinsurance arm of Qatar Insurance has won the much-coveted "Bond / Sukuk Deal of the Year by a Debut Issuer award" at the Bonds, Loans & Sukuk Middle East Awards ceremony that was held onDecember 7 in Dubai.
PZU was awarded by the European Innovation Organization EFMA the "Insurance Innovation of the Month", in recognition of its innovative way of servicing Deaf and Hearing Impaired clients.
According to the "2017 Global Modeled Catastrophe Losses
report released by catastrophe modeling firm AIR Worldwide (AIR) the
global insured average annual loss of 2017 was of about USD 80 billion.
A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of "a" of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries.