News - Re/Insurance groups

Swiss Re Corporate Solutions announced partnership with Hitachi for a solution to 'digital risk'

Swiss Re Corporate Solutions announced a partnership with Hitachi Europe Ltd., collaborating in an integrated insurance-based offerings for the digital era. The companies will launch a new industry solution that helps organisations accelerate their digital transformation while minimising the risks, as organisations increasingly depend on Artificial Intelligence (AI) powered automation for critical business processes and operations.

A.M. Best confirms SCOR's Financial Strength Rating of 'A+ Superior' and its Issuer Credit Rating of 'AA-'

A.M. Best has decided to affirm SCOR's Financial Strength Rating of 'A+ (Superior)' and its Long-Term Issuer Credit Rating of 'aa-'. According to A.M. Best, this decision reflects "SCOR's balance sheet strength, which A.M. Best categorises as very strong, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management."

Munich Re issues a EUR 1.25 billion green bond

Munich Re announced the issue of a subordinated green bond, with the volume issued amounting to EUR 1.25 billion. This bond highlights Munich Re's commitment to using the capital markets to help achieve a climate-friendly transformation of the economy.

Toyota Insurance Services to join Swiss Re ADAS risk platform

Toyota Insurance Services* (TIS)/Toyota Insurance Management Europe and Swiss Re are partnering up to further develop the Swiss Re ADAS risk score. TIS is the next partner after BMW Group to join the ADAS risk score platform and will, as part of the partnership, make Toyota and Lexus vehicle data available for the purpose of insurance scoring.

AVIVA Singapore to sell majority stake to local SINGLIFE

British insurer AVIVA annoucend it has sold its Singapore operation to local rival SINGLIFE in a deal that values the unit at GBP 1.6 billion. The UK insurer will retain a 25% stake in the new created business.