News - Re/Insurance groups

GREECE: The ETHNIKI investor to include in contract a target clause

National Bank of Greece is in advanced talks with CVC Capital Partners about the sale of ETHNIKI Insurance - the largest insurance company in Greece. The value of the transaction of sale of 80% of Greek insurer - mentioned by media is around EUR 460-480 million.

Munich Re appoints Stefan GOLLING to its Management Board

Stefan GOLLING (44) was appointed by the Supervisory Board of Munich Reinsurance Company to the Munich Re Board of Management as of 1 January 2021. He will take over the management of the Global Clients and North America Division.

Generali announced the adoption of a new Corporate Governance Code

At a meeting chaired by Gabriele Galateri di Genola, the Assicurazioni Generali Board of Directors approved the adoption of the new Corporate Governance Code, approved by the Italian Corporate Governance Committee and published on 31 January 2020.

Pandemic led the AXA's future risks ranking

The seventh edition of its Future Risks Report recently published by French insurer AXA highlights health as a major issue moving pandemic risk into top spot.

AIG appoints Alan SMITH Head of Human Resources, Life & Retirement

AIG Life & Retirement, a division of American International Group, Inc., announced the appointment of Alan SMITH as Head Of Human Resources effective immediately. He succeeds Liz CROPPER who is moving to AIG's General Insurance business as chief human resources officer.


Dutch financial group AEGON announces the sale of STONEBRIDGE, a UK-based provider of accident insurance products. Total proceeds amount to approximately GBP 60 million (EUR 65 million).

AM Best reaffirms IGI's financial strength ratings

AM Best has reaffirmed International General Insurance Holdings Ltd. (IGI) financial strength ratings at A (Excellent) with a Stable outlook. The ratings apply to IGI's two subsidiaries: International General Insurance Co. Ltd. (Bermuda) and International General Insurance Company (UK) Ltd.