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.
The Romanian new created non-life insurer NN Asigurari, part of Dutch NN Group received from the Financial Supervisory Authority - the authorization to operate as non-life insurer on local market.
Belgium-based holding company active in the banking, insurance and asset management sector - KBC Groep NV announced its BoD appointed Koenraad DEBACKERE as Chairman of the Board of Directors succeeding Thomas LEYSEN.
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.
Peak Re, a global reinsurer based in Hong Kong, announces the appointment of Mr. Matteo Cussigh as Senior Vice President of Markets.
Zurich Insurance Group today announced the launch of its Climate Change Resilience Services to help businesses better prepare for current and future risks associated with climate change.
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.
Slovene ZAVAROVALNICA TRIGLAV announced S&P Global Ratings reaffirmed the "A" Long-Term Credit Rating and Financial Strength Rating with a stable medium-term outlook of TRIGLAV Group and thereby of its parent company and its subsidiary Pozavarovalnica TRIGLAV Re.
LLOYD's announced the appointment of Uwe SCHOBERTH as US Market Development Director, a newly created role focused on expanding strategic relationships with retail, wholesale and reinsurance brokers.
GUY CARPENTER and MARSH - two business units of MARSH & McLennan - announced the appointment of Dean KLISURA as President of GUY CARPENTER, effective October 1, 2020. He will report to Peter HEARN, CEO of GUY CARPENTER.
According to Fitch, this decision reflects "SCOR's "Favourable" business profile within the global reinsurance sector, "Very Strong" risk-adjusted capitalization and "Strong" financial performance."
Generali signs the request of European business leaders and investors calling on EU Heads of State and Government to reduce domestic greenhouse gas emissions by at least 55% - compared with 1990 levels - by 2030, raising the previously envisaged target of 40%.
Claims Corporation Network (CCN) and eviid have entered into a partnership in order to support insurance companies and fleet-owners with a capability to reduce bogus (false), or unsubstantiated claims through the use of real time digital imagery allowing detection of manipulated digital media.
SCOR has successfully placed a dated subordinated Tier 2 notes issue in the amount of EUR 300 million. SCOR intends to use the proceeds of the issuance for general corporate purposes.
Hannover Re expects to see significant price increases spanning the various lines of property and casualty reinsurance in the treaty renewals as at 1 January 2021. The key drivers here are the strains incurred by primary insurers and reinsurers in connection with the Covid-19 pandemic, a further drop in interest rate levels and the large losses recorded over the past three years.
Swiss Re announced further measures to support the transition to a low-carbon economy, including stepping up to a USD 100 per tonne internal carbon levy, which will increase to USD 200 by 2030.
The (re)insurance industry is navigating one of the most significant periods of change in recent times which is altering perceptions of risk across the sector; the impact of COVID-19, the first globally systemic insurance loss, has put pressure on a marketplace already addressing challenges on multiple fronts, Guy Carpenter said, during media briefing 'The Changing Nature of Risk'
Thierry PELGRIN has joined the underwriting team of Helvetia Active Reinsurance St.Gallen, Switzerland, being appointed Senior Underwriter responsible for France and North African markets. He joined the Helvetia team on June 1st, 2020.
Lloyd's confirmed it expects to pay out up to GBP 5 billion in COVID-19 customer claims on a gross basis, with the publication of its 2020 Half Year Results.
At its annual Investor Day, SCOR's Executive Management team, led by Denis Kessler, presents an overview of the first year of the "Quantum Leap" strategic plan.