News - Re/Insurance groups
HANFA authorized Zoran Barac as CO SB member
Croatian largest insurer CO (Croatia osiguranje) announced in a statement that Croatian Financial Services Supervisory Agency (HANFA) authorised Zoran BARAC as a member of the CO Supervisory Board.
18 October 2021Hannover Re commits to net zero targets in reinsurance, investments and business operations
Hannover Re is committing to achieve net zero emissions in business operations by 2030 and in its reinsurance portfolio and investments by 2050. In setting these targets Hannover Re supports the Paris Agreement on climate change aimed at limiting global warming to 1.5 degrees Celsius, the German reinsurer announced.
14 October 2021Lloyd's Insurance Company announces UK Branch leadership
Lloyd's Insurance Company S.A. (LIC) has announced leadership appointments for its UK branch. Mark COOPER has been appointed as Head of LIC UK branch effective 1 November, subject to regulatory approvals.
11 October 2021NN Insurance Belgium to sale a closed book portfolio to Athora Belgium
NN Group announced that its subsidiary NN Insurance Belgium has the intention to sell a closed book life portfolio to Athora Belgium.
11 October 2021Swiss Re estimates Hurricane Ida claims at USD 750 million
Reinsurer Swiss Re estimated its preliminary claims burden from Hurricane Ida at approximately USD 750 million. On an industry level, Swiss Re estimated total insured market losses to be in the range of USD 28-30 billion.
7 October 2021Marko Jazbec reappointed for a new term as Sava Re's Chairman of the Management Board
Sava Re's Supervisory Board reappointed Marko Jazbec, whose five-year term of office expires on 12 May 2022, as the Chairman of the Management Board for a further term. The new five-year term starts on 13 May 2022.
7 October 2021Swiss Re and leading mental health platform, Wysa, create mental wellbeing app designed specifically for insurance
Swiss Re has joined up with leading mental health platform, Wysa, to create an insurance-specific app that will help consumers better track their mental wellbeing and improve links to insurers' existing support networks, which will enable a "win-win" through earlier intervention in the claims journey
7 October 2021EBRD to acquire minority stake in Euroins Insurance Group by investing EUR 30 million through a capital increase
The European Bank for Reconstruction and Development (EBRD) signed an agreement to acquire a minority stake in Euroins Insurance Group (EIG) by investing EUR 30 million through a capital increase, while Еurohold, the insurance group's parent company, is providing a further equity injection of up to EUR 12 million.
6 October 2021Allianz announced further changes to its Board of Management
Following its strategic succession planning discussions, the Supervisory Board of German insurer Allianz SE announced changes/decisions to its Board of Management.
4 October 2021Allianz completes acquisition of non-life insurer Aviva Italia S.p.A.
Allianz S.p.A., the Italian holding company of the Allianz Group, announced that it has successfully closed the transaction to acquire Aviva Italia S.p.A., the Italian property & casualty (P&C) insurance entity of the Aviva Group, from Aviva Italia Holding S.p.A.
4 October 2021SAVA Re announced the resignation of SB member
Slovene re/insurance group SAVA RE announced in a statement the resignation of supervisory board member.
4 October 2021Daphne de Kluis appointed to Achmea's Executive Board
Dutch insurance group Achmea announced that Daphne de Kluis will be appointed to company's Executive Board with effect from 12 October 2021. Thus, the Executive Board of Achmea will comprise Bianca Tetteroo (chair), Michel Lamie (vice-chair and CFO), Daphne de Kluis, Robert Otto, Lidwien Suur and Henk Timmer (CRO).
28 September 2021MMC promotes Denise Sanchez to Chief Compliance Officer
Global re/insurance brokerage firm Marsh McLennan has appointed Denise Sanchez as the Company's Chief Compliance Officer.
28 September 2021S&P reaffirms Triglav Group's "A" credit ratings with a stable medium-term outlook
Standard & Poor's reaffirmed the "A" Long-Term Credit Rating and Financial Strength Rating with a stable medium-term outlook of Triglav Group and thereby of its parent company and its subsidiary Pozavarovalnica Triglav Re, the Slovene re/insurance group announed in a statement.
28 September 2021UNIQA finalized the merger of ex-AXA subsidiaries in CEE
Austrian insurer UNIQA announced it successfully concluded the merger of its units with the former AXA subsidiaries in Poland, Czech Republic and Slovakia acquired a year ago for a total cash consideration of EUR 1.0 billion.
28 September 2021Swiss Re, BlaBlaCar and L'olivier Assurance to launch innovative digital motor product in France
Global reinsurer Swiss Re announced it has entered into a partnership with BlaBlaCar and motor insurance specialist L'olivier Assurance in order to create BlaBlaCar Coach, an innovative smartphone app that offers drivers personalized coaching and tips for safer driving, and it will be available with an annual car insurance.
21 September 2021VIG Re: Markus Schmid as New Head of Facultative Department
VIG Re has appointed Markus Schmid as new Head of Department Facultative as of 1 September 2021.
21 September 2021VIG's appeal against Hungarian veto on Aegon acquisition dismissed by Budapest Metropolitan Court
VIG's planned acquisition of the Aegon business in Central and Eastern Europe (Hungary, Poland and Romania) is still hamperd by the negative ruling Hungarian Ministry of Interior, as legal actions taken by the two companies have been not yet successful.
21 September 2021Vincent Foucart will become CEO of SCOR P&C Partners in early 2022, following Sylvie Van Viet's retirement
After 25 years with SCOR, Sylvie Van Viet will retire in the first quarter of 2022, as the French reinsurer announced in a statement. She will be succeeded by Vincent Foucart as CEO of P&C Partners. Christoph Spichtig will then become Deputy CEO of P&C Partners, relocating to Europe in early 2022
16 September 2021Non-executive Board members backed Donnet to remain Generali CEO for a third mandate
Philippe Donnet is proposed to be reappointed as CEO at Generali for a third mandate after the non-executive members of the Board have taken note of its availability to remain CEO for a new term and expressed their "appreciation of the work undertaken, and the results achieved" by the executive.
16 September 2021
