A quarter of Czechs still lose part of their savings to inflation. They consider cash or a current account to be the most suitable way to save money, according to a survey by Generali Investments CEE related to the Lion`s Share project.
On the 1st of April 2021, French reinsurer SCOR informed that it grew its gross premiums up for renewal by 14.3% to EUR 600 million, with a 4.3% overall increase in pricing.
Swiss Re's shareholders approved all proposals put forward by the Board of Directors at the Annual General Meeting (AGM) in Zurich. This included the distribution of an ordinary dividend of CHF 5.90 per share as well as the election of Sergio Ermotti as new Chairman of the Board of Directors.
Allianz Global Corporate & Specialty (AGCS) announced that David Brown, currently its Head of Insurance Linked Markets will take over as head of its Capital Solutions unit from July 1, 2021, subject to local regulatory approval.
With an increased premium volume of EUR 10.43 billion, profit before taxes of EUR 346 million and a further improved combined ratio of 95%, VIG Group has achieved solid results for 2020. The preliminary figures for the 2020
financial year and the outlook for 2021 are confirmed by the VIG reports.
Aon launches innovative industry collaboration to protect global Covid-19 vaccine shipments and will donate all 2021 revenues from new solution to a charity dedicated to eradicating the global human and economic toll of the pandemic.
Murex, the global leader in integrated investment management and processing solutions for capital markets, served as a critical technology partner for PZU Group as it implemented a sophisticated platform solution to manage its own investments and assets, as well as those of its customers.
According to the latest Reinsurance Market Report from Willis Re, the total capital dedicated to the global reinsurance industry measured USD 658 billion at year-end 2020 reflecting 7% year-on-year growth. The rise was driven primarily by strong investment market appreciation.
UK insurer Aviva announced the appointment of Cheryl TONER as Chief Customer and Marketing Officer.
Dutch insurer Aegon announced that Italian Elisabetta CALDERA will join Aegon as Chief Human Resources Officer, effective June 1, 2021. Elisabetta CALDERA will succeed Carla MAHIEU, who has decided to step down after more than a decade in the role (more details here
Bulgarian financial holding Eurohold, the owner of Euroins Insurance Group - announce it will increase its capital by issuing new shares on the Bulgarian Stock Exchange (BSE), "which will allow the company to raise up to EUR 100 million.
French insurance group AXA announces the appointment of Jef VAN IN, currently CEO of AXA Belgium, as CEO of AXA Next and Group Chief Innovation Officer, effective July 1.
Italian insurer Generali announced that Tomasz KUKULA, former Head of Underwriting for Global Corporate & Commercial (GC&C) insurance at Generali Poland, has been promoted as GC&C Austria, CEE & Russia Regional Head of Underwriting. "He joined the Generali CEE Holding office in Prague and took over his new role as of 1 March 2021".
The European Financial Reporting Advisory Group (EFRAG) re-appoints BETTER FINANCE candidate Jella BENNER-HEINACHER as the only Board Member representing Retail Investors. She is the Deputy Chief Director of the Deutsche Schutzvereinigung fur Wertpapierbesitz (DSW) and BETTER FINANCE Vice-President.
The French reinsurer CCR Group (CCR - Public reinsurance and CCR Re) delivered FY 2020 aggregate GWP of EUR 1,866 million and EUR 90 million in consolidated net income.
The transaction announced by Aegon in November 2020, of selling to Vienna Insurance Group (VIG) its insurance, pension and asset management business in Hungary, Poland, Romania and Turkey for a total consideration of EUR 830 million, has been stalled by Hungarian Ministry of Interior's unexpected denying of approval.
The Solvency II capital requirement ratio of UNIQA was at 170 per cent in 2020 and continues to be at a very high level. The solvency ratio was high despite the sharp decline in interest rates and non-recurring effect and showed a Strong profitability of new business in life, health and pension funds.
Zurich and Farmers Exchanges complete acquisition of MetLife property and casualty (P&C) business in U.S. for the amount of USD 3,94 billion. Zurich contributed USD 2.43 billion through its subsidiary Farmers Group, Inc. (FGI) and the Farmers Exchanges USD 1.51 billion.
AIG - American International Group announced that Claude Wade will join the company in the second quarter of 2021 in the newly created role, Executive Vice President (EVP), Global Head of Operations and Chief Digital Officer, AIG.
The Supervisory Board (SB) of NN Group has decided to nominate Inga BEALE for appointment as member of NN Group's Supervisory Board for a term of four years. "This nomination has been made with the intention to further strengthen the composition of the Supervisory Board, with a specific focus on transformation processes", as the Dutch insurer mentioned in a statement.