News - Re/Insurance groups

PartnerRe appoints Jacques Bonneau as President and CEO

PartnerRe announced the appointment of Jacques Bonneau as its President and Chief Executive Officer (CEO), effective from July 28, 2020. Bonneau succeeds Emmanuel Clarke, who is leaving the Company by mutual agreement to pursue other opportunities outside the Group.

AM Best affirms credit ratings of CCR and CCR RE

AM BEST affirmed the A+ ("Superior") Financial Strength Rating of Caisse Centrale de Reassurance (CCR) and the A ("Excellent") Financial Strength Rating of CCR Re. The outlooks of both companies remain stable.

QIC, 1H2020: Group's GWP expanded by 13% y-o-y

In the first half of 2020, Qatar Insurance Company (QIC) was adversely impacted by the effects of COVID-19 pandemic on global economies and financial markets. Despite these challenging market conditions, QIC expanded its Gross Written Premium by 13%. Furthermore, QIC successfully issued a USD 300 million perpetual subordinated Tier 2 capital notes in the second quarter of 2020.

PartnerRe, 2Q2020: Net income stood at USD 229 million despite pandemic challenges

For the second quarter of 2020, PartnerRe reported a net income available to common shareholder of USD 229 million, 19.6% lower year-on-year. This figure includes net realized and unrealized investment gains of USD 238 million on fixed maturities and short-term investments, primarily due to decreases in worldwide credit spreads, and USD 35 million of net foreign exchange losses.

Guy Carpenter appoints Managing Director of Global Risk Solutions

Guy Carpenter announced the appointment of Andrea Piatti as a Managing Director, Global Risk Solutions, effective 3 August. Mr. Piatti will be responsible for originating and driving opportunities to better serve the clients in the customized reinsurance space across Europe and MENA, including structured reinsurance treaties and capital management/solvency-related transactions.

PZU implemented mObywat to authenticate users of mojePZU platform

PZU is the first company in Poland implementing in cooperation with the Ministry of Digital Affairs an innovative solution for authenticating the user of the mojePZU (myPZU) platform. As a result, the use of PZU products will become even faster and more convenient.

New Casualty appointments at SCOR Global P&C

French reinsurer SCOR announced key appointments within the P&C Business Unit, effective July 1st, 2020, "to further support our clients' Global and US Casualty portfolios".

NN Romania enters the non-life insurance market

NN Romania, the life insurance market's leader, announced plans to expand the activity by entering the non-life insurance market. Earlier this year, the Dutch insurer has made the same move on the Hungarian market.