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.
20 October 2020Mario CARINI, GENERALI: This year we are focused on strengthening our footprint on the Croatian market
Mario CARINI, CEO and President of the Management Board of GENERALI business units in Croatia pointed out in an interview - published on GENERALI CEE website given for Svijet osiguranje - all the turbulent challenges that marked the Croatian insurance market since its appointment in December 2019.
20 October 2020COVID-19 claims notifications outweigh reduced activity during lockdown
The coronavirus pandemic and resulting lockdowns have had a significant impact on commercial and specialty lines of insurance, both in terms of claims volumes and financial impact, according to the Report "Covid-19: Changing claims pattern", released by AGCS - the corporate insurance carrier of ALLIANZ Group.
19 October 2020Lloyd's of London makes GBP 12 million charitable donations in response to Covid-19
Lloyd's of London announced it has made charitable donations totaling GBP 12 million to 197 charities worldwide, to support customers and communities - in response to the global spread of COVID-19.
19 October 2020AM Best affirms A-level credit ratings of SAVE Re, outlook stable
Slovenian SAVA Re announced the rating agency AM Best affirmed the financial strength rating of the company of "A" (Excellent) and its long-term issuer credit rating of "a", both with a stable outlook.
19 October 2020AXA has completed the sell of last CEE operations to UNIQA for EUR 1.0 billion
French insurer AXA it has completed the sale of its Life & Savings, Property & Casualty and Pension businesses in Poland, Czech Republic and Slovakia to Austrian UNIQA Insurance Group, for a total cash consideration of EUR 1.0 billion.
19 October 2020Employer medical benefit costs to more than triple the rate of inflation globally in 2021
The costs of employer medical benefits across the world are forecasted to rise 7.2% in 2021, outpacing general inflation by 5.0%, according to the "2021 Global Medical Trend Rates Report" released by AON
19 October 2020GC launches new unit to provide dedicated MGA business solutions
GUY CARPENTER, the reinsurance broker of MARSH & MCLENNAN Companies, announced the launch of a new business unit GC ACCESS to provide dedicated MGA program business solutions.
19 October 2020METLIFE announces senior leadership changes
MetLife announced a number of changes to its senior leadership team. All changes are effective on January 1, 2021, unless otherwise noted.
19 October 2020Swiss Re and Daimler to launch new mobility insurance business
Swiss Re and DAIMLER Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new company called MOVINX.
19 October 2020Slovenian TRIGLAV Group targets a EUR 85-95 million profit before tax for 2021
In view of the selected probable scenario of business conditions in 2021, Slovenian TRIGLAV Group plans to increase its consolidated gross written premium to EUR 1.2-1.3 billion and its profit before tax to EUR 85-95 million.
15 October 2020Munich 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.
15 October 2020Tony ROOKE appointed Director of Climate Transition Risk of WTW's Climate and Resilience Hub
Willis Towers Watson, a leading global advisory, broking and solutions company, announced the appointment of Tony ROOKE as Director of Climate Transition Risk in the organization's Climate and Resilience Hub (CRH).
15 October 2020Generali 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.
15 October 2020Bence HOLLO appointed CEO of NN Hungary as of 1 December 2020
Bence HOLLO will be appointed Chief Executive Officer (CEO) of NN Hungary, effective 1 December, subject to regulatory approval, as the Dutch insurance group announced in a statement.
14 October 2020Pandemic 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.
14 October 2020AIG 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.
14 October 2020GUY CARPENTER appoints Chief Human Resources Officer
GUY CARPENTER - the reinsurance broker of Marsh & McLennan Companies, announced the appointment of Melissa HARTSHORN as Chief Human Resources Officer, effective immediately.
14 October 2020AEGON to divest STONEBRIDGE
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).
14 October 2020AM 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.
13 October 2020
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