News - Re/Insurance groups


Generali Ceska pojistovna retained its 'A' financial strength rating with a stable outlook

Generali CEE Holding announced in a statement that the international rating agency AM Best has confirmed Generali Ceska pojistovna's financial strength rating of 'A' and long-term credit rating of 'A+'. "In addition, both ratings were confirmed with a stable outlook. As in previous years, the rating is a confirmation of the strength and stability of the largest Czech insurance company".



GC: challenging Jan 1 renewals reflect a market seeking new equilibrium

January 1 renewals are proving to be one of the most challenging reinsurance markets the sector has experienced, as reinsurers and cedents work to establish a new market equilibrium, according to global reinsurance broker Guy Carpenter, a business of Marsh McLennan.





Aegon reduces investment exposure to Russia to practically zero

Dutch insurance group Aegon announced it has sold its exposure as an investor to Russia. On March 8 of this year, shortly after the Russian invasion of Ukraine, Aegon announced that it had started winding down its already negligible investments in Russia.


CFO Kees van Kalveen to leave NN Bank

Kees van Kalveen, CFO at Nationale-Nederlanden Bank (NN Bank) will leave the company on 1 January 2023 to pursue his career outside Nationale-Nederlanden. The Dutch bank announed it has already started the process to find a successor.



Swiss Re proposes new members to join its BoD

Global reinsurer Swiss Re proposes to elect Vanessa Lau and Pia Tischhauser as new Board members at the 2023 AGM, on 12 April. Current Board members Renato Fassbind and Susan L. Wagner will not stand for re-election, the reinsurer informed.



VIDEO: Insurer's contribution to ESG, with Petra Riegler and Dieter Pscheidl, VIG

"From a business perspective, it is important to understand that ESG not as a luxury, it is not Louis Vuitton of the insurance sector, it is the textile bag that you need every day to do shopping, so it is really something fundamental that is of use," Dieter Pscheidl, Head of European Affairs and ESG for Vienna Insurance Group (VIG) explained in second episode of the XPRIMM TIME FOR BUSINESS series dedicated to ESG issues.

S&P confirms excellent rating for VIG

The international rating agency Standard & Poor's (S&P) once again confirmed Vienna Insurance Group's (VIG) rating of "A+" with a stable outlook in its press release on 1 December 2022. Vienna Insurance Group thus remains one of the companies with the best rating in the Austrian Traded Index (ATX) of the Vienna Stock Exchange.

Zurich completes sale of Italian life and pensions back book to GamaLife

Zurich Insurance Group (Zurich) announced that its subsidiary Zurich Investments Life S.p.A. has completed the sale of its life and pensions back book, composed of both traditional and unit-linked policies, to the Portuguese insurance company GamaLife - Companhia de Seguros de Vida, S.A. (GamaLife).