News - Re/Insurance groups
SCOR's Actuarial Awards for 2021 went in five countries
As every year since 1996, SCOR presented its Actuarial Awards also in 2021. This year's awards rewarded the best academic work in the field of actuarial science in five countries: Germany, France, Italy, Sweden and Switzerland.
AGCS appoints Shanil Williams to Chief Underwriting Officer Corporate
Allianz Global Corporate & Specialty SE (AGCS) announced it has appointed Shanil WILLIAMS as new Chief Underwriting Officer Corporate. In this role, he will join the AGCS SE Board of Management with effect on January 1, 2022, subject to regulatory approval. Currently Global Head of Financial Lines at AGCS, WILLIAMS will succeed Tony BUCKLE who will be leaving Allianz for personal reasons.
Popescu to succeed Eijsink as CEO of NN Life Japan
Frank EIJSINK, currently CEO of NN Life Japan, will be appointed CEO of NN Belgium as of 1 February 2022, subject to regulatory approval. He will succeed Jan Van AUTREVE who has decided to leave NN Group. Marius POPESCU, currently Head of Performance and Analytics NN Group, will be appointed CEO of NN Life Japan as of 1 February 2022, subject to regulatory approval.
Generali launches Lifetime Partner 24: Driving Growth
Last week, the Board of Directors of Assicurazioni Generali approved the Group's new three-year strategy: Lifetime Partner 24: Driving Growth. The plan will deliver sustainable growth across Generali's core and emerging business lines and build on the strong foundations established since 2016.
Sava Re's targets for 2022: revenue of over EUR 700 million and over EUR 60 million in net profit
Based on its 2020-2022 strategy, the Sava Insurance Group has prepared its business plan for 2022. The Group is planning to exceed EUR 700 million in operating revenue and generate a profit after tax of more than EUR 60 million, which translates into a return on equity of more than 11.5% in 2022.
AGCS names YEE global TMT solution director
Effective January 1, 2022, Jody YEE will be appointed Global Industry Solution Director for Technology, Media & Telecom (TMT) at Allianz Global Corporate & Specialty (AGCS).
AIG names Rose Marie GLAZER Chief Human Resources Officer
American International Group announced that Rose Marie GLAZER, currently Senior Vice President, Deputy General Counsel and Corporate Secretary, has been promoted to Executive Vice President & Chief Human Resources Officer, effective January 1, 2022. Rose Marie GLAZER will report to Peter ZAFFINO, President & Chief Executive Officer, and will join AIG's Executive Leadership Team.
GC appoints Head of UK & Ireland Life as it continues global life expansion
Guy Carpenter, reinsurance specialist part of Marsh McLennan, announced the appointment of Isaac Sanday as Head of UK & Ireland Life, effective January 2022.
MMC appoints Francis Bouchard Managing Director of Climate
Global re/insurance broker Marsh McLennan announced that Francis BOUCHARD has joined the Marsh McLennan Advantage team as Managing Director of Climate.
Swiss Re to sell elipsLife to Swiss Life International
Global reinsurer Swiss Re announced that it has agreed to sell its life insurance subsidiary elipsLife to Swiss Life International and to enter into a long-term reinsurance partnership for elipsLife's in-force and new business.
AGCS strengthens its market-facing leadership team
Allianz Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group announced is strengthening its leadership team "to support the company's 'pivot to growth', following its successful remediation program. It is attracting both internal talent as well as high-profile external hires to executive positions in its regional management, underwriting and risk consulting functions, all in market-facing roles".
Edita RITUPER appointed as employee representative in Sava Re's supervisory board
Slovene re/insurance group Sava Re announced the appointment of Edita RITUPER as a new employee representative to the supervisory board, following the resignation of Mateja ZIVEC. Her term of office runs from 1 January 2022 to 12 June 2023.
Allianz announced its 2022-24 targets
The German insurer Allianz announced it set its financial bar higher for the between 2022 and 2024, targeting 5-7% annual growth in earnings per share (EPS) and minimum 13% return-on-equity (RoE). "Three levers will drive this ambition: steady topline growth, improvement in profitability, and efficient management of capital", as the insurer' representatives mentioned in a statement.
Eurohold reports strong 9 months results after partial consolidation of the newly acquired energy units
Bulgarian financial and energy group Eurohold Bulgaria, has reported a solid growth in its financial results and significantly improved its profitability for the first nine months of 2021, showed the company's consolidated interim statement, including partially (2 months) the performance of CEZ Group's subsidiaries in Bulgaria acquired by the holding at the end of July.
After France, Turkey and Poland, Aviva's exit from Italy completed
Aviva plc announced the completion of the sale of its Italian Life Insurance businesses to CNP Assurances for a total cash consideration of EUR 543 million. This concludes Aviva's exit from the Italian market.
Aon appoints Jillian SLYFIELD as Chief Innovation Officer
Aon announced the appointment of Jillian SLYFIELD as the firm's Chief Innovation Officer, effective Dec. 1, 2021.
Guy Carpenter and Marsh to combine South Africa facultative reinsurance operations
Reinsurance broker Guy Carpenter and global insurance broker Marsh, both businesses of Marsh McLennan (MMC), announced that they will combine their South Africa facultative reinsurance operations into a single business, effective January 1, 2022. The new unit will operate under the Guy Carpenter brand.
MMC appoints John DOYLE Group President and Chief Operating Officer
Marsh MCLENNAN announced changes to its Executive Committee effective January 1, 2022.
Talanx places its first Green Bond with a volume of EUR 500 m
Talanx has issued its first Green Bond as a subordinated bond with a volume of EUR 500 million, primarily to institutional investors from Germany and abroad. Overall, the book was significantly oversubscribed. The bond denominated in euros has a fixed coupon of 1.75 percent and the first date for repayment is 1 June 2032.
ERGO and Santander Germany conclude partnership
German insurer ERGO and Santander Consumer Bank, Germany's fifth-largest credit institution, have agreed on a new partnership. In the first half of the coming year, the two companies will optimize their product offering for their customers as part of a strategic partnership.
21 December 2021