News - Re/Insurance groups
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.
24 September 2020Romanian FSA authorised NN Asigurari as non-life insurer and aprooved its management
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.
23 September 2020KBC Groep appointed DEBACKERE as its new Chairman and of KBC Bank and KBC Insurance
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.
23 September 2020Toyota 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.
21 September 2020Peak Re announces new appointment to support growth in Europe
Peak Re, a global reinsurer based in Hong Kong, announces the appointment of Mr. Matteo Cussigh as Senior Vice President of Markets.
17 September 2020Zurich launches dedicated Climate Change Resilience Services to help businesses tackle climate change risks
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.
17 September 2020AVIVA 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.
16 September 2020TRIGLAV: S&P reaffirms high "A" credit ratings with a stable medium-term outlook
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.
16 September 2020LLOYD's appoints US Market Development Director
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.
16 September 2020MARSH Senior Executive Dean KLISURA appointed President of GUY CARPENTER
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.
16 September 2020Fitch confirm SCOR's Insurer Financial Strength rating of 'AA-' and its Outlook as Stable
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."
16 September 2020Generali signs a request to EU governments to reduce GHG emissions by 55% by 2030
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%.
15 September 2020CCN To Support Fraud Detection and Subrogation Initiatives
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.
15 September 2020SCOR successfully places EUR 300 million subordinated Tier 2 notes
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.
15 September 2020Hannover Re anticipates significant price increases in property and casualty reinsurance
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.
15 September 2020Swiss Re introduces triple-digit internal carbon levy to support transition to net-zero emissions in operations by 2030
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.
15 September 2020Guy Carpenter: The (re)insurance industry is navigating one of the most significant periods of change in recent times
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'.
15 September 2020Thierry PELGRIN has joined the underwriting team of Helvetia Active Reinsurance
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.
10 September 2020Lloyd's expects to pay GBP 5 billion for COVID-19 customer claims
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.
10 September 2020SCOR is well positioned to capture profitable growth opportunities from the new supportive market environment
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.
10 September 2020
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