AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of Zavarovalnica Triglav d.d. (Triglav), the operating holding company of the Triglav group, and Pozavarovalnica Triglav Re, d.d. Ljubljana (Triglav Re), a wholly owned subsidiary of Triglav.
GrECo announced Maksym Shylov's appointment as Group Practice Leader. He will be responsible for the strategy and development of this Specialty in all GrECo Group countries, including Poland where he will be located.
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.
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.
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.
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.
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.
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.
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
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.
MetLife announced a number of changes to its senior leadership team. All changes are effective on January 1, 2021, unless otherwise noted.
Swiss Re and DAIMLER Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new company called MOVINX.
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.
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.
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).
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.
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.
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 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.
GUY CARPENTER - the reinsurance broker of Marsh & McLennan Companies, announced the appointment of Melissa HARTSHORN as Chief Human Resources Officer, effective immediately.