As for most companies, Covid-19 has left a mark on Claims Corporation Network's (CCN's) results as well. The COVID-19 crisis caused one of the most severe economic and financial market turmoil's and while financial markets have rallied in the second quarter of 2020, the economic recovery remains fragile. However, the fact that CCN's performance remained stable in a challenging first half year reinforces our resilience.
Zurich Insurance Group (Zurich) is ramping up the transformation of its global business to meet the rapidly changing needs of consumers, launching a new unit to expand digital services worldwide and create a more intimate connection with its customers and partners.
Zurich Insurance Group (Zurich) announced changes in its regional leadership. New CEOs have been appointed in Latin America (LatAm) effective Oct. 1, 2020, and in the North America and APAC regions, effective Jan. 1, 2021.
Slovene re/insurance group SAVA announced it intends to send a notification to the Insurance Supervision Agency declaring its intention to pay out dividends in respect of 2019.
SCOR announces that Olivier GAY has been appointed Senior Vice President - Chief Underwriting Officer for SCOR Canada Reinsurance Company. He will also serve as Deputy CEO of the Company.
Aon and Willis Towers Watson - WTW announced that their respective shareholders voted "FOR" all proposals at their respective extraordinary general meetings and at the special meeting of Willis Towers Watson shareholders ordered by the High Court of Ireland. These approvals are an important step in the process of combining the two companies.
VIG Re, a reinsurance branch of Vienna Insurance Group, ended the first half of 2020 with a net profit of EUR 7.9 million, 23% lower when compared to the same period of 2019. The profit before tax was around EUR 10.2 million, 19% less year-on-year.
Vienna Insurance Group ended the first six months of 2020 with a financial result (including the result from at equity consolidated companies) in amount of EUR 388 million (-8.3% year-on-year). The result before taxes was EUR 201 million (-21.8%), while the net result was EUR 126 million (-16.3%).
A new earthquake and fire research center in Turkey expands the family of Allianz Group's ALLIANZ Centers for Technology, the German insurer announced in a statement. It conducts earthquake, automotive, transport and fire tests, simulations and practical training in Istanbul.
Global re/insurance broker Aon announced it launches its Virtual Reinsurance Renewal Season, calling for the re/insurance industry to collaborate to bring capital closer to clients' needs and drive growth across the global insurance ecosystem.
WILLIS TOWERS WATSON (WTW) and the World Economic Forum (WEF) have published "Human Capital as an Asset: An Accounting Framework to Reset the Value of Talent in the New World of Work," a new white paper that provides organizations with a model to reshape how they value and make decisions about their workforces in a post-COVID-19 world of work.
The coronavirus pandemic has impacted the professional and personal lives of millions of U.S. employees, causing a significant portion to seek help for their mental health.
Over half (58%) of non-retired people aged 45-60 are worried they will not have enough money to provide an adequate standard of living in their retirement according to a new survey by AVIVA, yet over a fifth (21%) of non-retired people in this age group are not taking action to strengthen their retirement income.
AXA and BHARTI announced that they have entered into an agreement to combine their non-life insurance operations in India, BHARTI AXA General Insurance Company Limited (BHARTI AXA GI), into ICICI Lombard General Insurance Company Limited (ICICI Lombard).
ALLIANZ Benelux (Belgium) and MONUMENT Re have agreed today to transfer a closed book of classical life retail insurances together with 4,500 mortgage loans to MONUMENT Assurance Belgium (MAB) and to transfer the related operations within 18 months after regulatory approvals.
Guy Carpenter & Company announced the appointment of Jeffrey Livingston as Global Head of Sales, effective September 1. Livingston will also join the Guy Carpenter Executive Committee.
From January to June 2020, Sava Insurance Group generated an operating revenue of EUR 314 million (+16.6%) and a net profit of EUR 32 million (+42.5%). The operating revenue reached 51.5% from its original full year 2020 target, while the net profit 71.5%.
For the first half of 2020, Triglav Group reported a profit before tax of EUR 40.6 million, down by 3% year-on-year. The net profit of the group was EUR 33.5 million, 3% lower than the same period of prior year.
UNIQA Group ended the first six months of 2020 with a consolidated net profit of EUR 41 million, 61.7% lower year-on-year.
At its session held on 18 August 2020, the Supervisory Board of Zavarovalnica Triglav d.d. appointed Andrej Andoljsek as Chairman of the Supervisory Board of Zavarovalnica Triglav.