News - Re/Insurance groups
Aviva names Adam Winslow as CEO of Aviva UK & Ireland General Insurance
Aviva has appointed Adam Winslow as CEO, UK & Ireland General Insurance, with immediate effect. He replaces Colm Holmes who is leaving Aviva for an external opportunity.
Generali opens its representative office for the European Union in Brussels
Generali has opened a representative office in Brussels to study the activities of European Union institutions and strengthen EU public affairs activities. Specifically, the Group aims to best represent its business priorities while playing an increasingly active corporate citizenship role in order to contribute to sustainable recovery and the European Green Deal.
EUROHOLD, Q1: revenues from insurance business up by 1% y-o-y; GWP up by 6.4%
In Q1 2021, EUROHOLD Bulgaria AD, the largest Bulgarian public holding and one of the leading independent financial and insurance groups in the CEE/SEE/CIS region, reported revenues of approximately BGN 421 million (EUR 225.2 million), close to the 1Q 2020 level, right before the pandemics.
Slovenian SAVA Re will pay a EUR 0.85 gross dividend per share for 2020
SAVA Re's the general meeting of shareholders has decided the company will pay a EUR 0.85 gross dividend per share. Shareholders entered in the shareholders' register as at 9 June 2021 will receive their dividends until 10 June 2021.
Leadership change at Allianz Holdings plc after 8 years
Allianz UK has elected Colm Holmes as the new CEO to succeed Jon Dye. After 8 years of leading, Jon Dye will be stepping down as CEO at the end of November 2021. Holmes, who currently serves as CEO of Aviva General Insurance, will take over the role.
Matteo Cussigh to lead Peak Re Swiss subsidiary
Jacques Burri, the former CEO of Peak Re AG and Head of Marketing & Production in Europe, and Emmanuel Thommen, the former Senior Vice President at Peak Re AG have retired. Matteo Cussigh took the role of CEO for its wholly-owned subsidiary Peak Reinsurance AG ("Peak Re AG"), and Head of Marketing & Production, Europe, Peak Re.
Industry Veteran John Charman to retire from Sompo International, succeeded by James Shea
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that after 8 years with the company and over five decades of unparalleled success in the industry, John Charman will retire from Sompo International at the end of his current contract in April 2022.
BMS extends its footprint in Turkey
New establishment of BMS, the independent specialist insurance and reinsurance broker, will be in Turkey. BMS Sigorta ve Reasurans Brokerligi A.S ("BMS Turkey") new unit will have the headquarter in Istanbul and leaders will report in London to Peregrine Towneley, Chairman of International Operations.
The new strategy programme VIG 25 - a response to current trends
The management team at VIG Holding (Vienna Insurance Group Holding) drew up the strategy programme for 2021-2025 in consultation with the Group company CEOs. This programme has now been launched, with three specific Group targets focusing on financial stability and profitability, customer proximity, sustainability and market growth.
Sava Re: The key goal of the Group's investment policy is to maintain low volatility and a high level of security of assets
Sava Re issued the "Solvency and financial condition report of the Sava Insurance Group for 2020" (Group SFCR) with the consent of the supervisory board. The report contains information on the valuation of assets and liabilities, which are valued at fair value under Solvency II, for the purpose of demonstrating the Group's solvency.
MMC re-elects BoD during 2021 Stockholders' Meeting
Global re/insurance firm Marsh McLennan (MMC) announced during its annual meeting of stockholders, elected the entire slate of 2021 director nominees for a one-year term expiring at next year's annual meeting.
Bernd SABLOWSKY succeeds Carsten WERLE as Head of Investor Relations at Talanx AG
German insurer Talanx AG announced Bernd SABLOWSKY will take over as Head of Investor Relations with effect from 16 August 2021.
EUROHOLD posted Q1 net loss of - EUR 2.6 million
Bulgarian financial holding EUROHOLD, the shareholder of EUROINS Insurance Group, reported Q1 2021 net income of BGN 0.85 million (~EUR 0.46 million). "For comparison, the income reported by EUROHOLD as of 31.03.2020 amounted to BGN 1.79 million", as the company mentioned in its Interim Report at 31 March 2021 published on its website.
Katherine BRENNAN named General Counsel of Marsh LLC and Connor KURATEK Deputy General Counsel & Corporate Secretary of Marsh McLennan
Marsh McLennan (MMC) announced it has appointed Katherine BRENNAN as General Counsel of Marsh LLC and Connor KURATEK as Deputy General Counsel and Corporate Secretary of Marsh McLennan. Both appointments are effective starting June 1.
20 years on the market and a great success for SKALA
SKALA Reinsurance Brokers Ltd. celebrates 20 years of activity on the reinsurance market and has gained the trust of many partners around the world. The first major reinsurance contract was the largest Oil Refinery in Russia.
Romania: SIGNAL IDUNA acquires part of the ERGO Group and increase the premiums by 50%
The insurance company SIGNAL IDUNA ASIGURARE REASIGURARE announces as of May 20, 2021 the signing of an agreement for the acquisition of the companies ERGO Asigurari de Viata and ERGO Asigurari, part of the ERGO Group. The transaction will be subject to the approval of the Financial Supervisory Authority (ASF) and the Romanian Competition Council.
Generali 1Q2021: EUR 802 million net profit and an increase of 4.2% of the GWP
Generali Group has presented their financial results at 31 March 2021 with an excellent business profitability and a strong growth in operating result how stood at EUR 1.6 billion (+11%) due to the positive development of the P&C, Asset Management and Holding and other businesses segments.
Romania: The Competition Council greenlights GOTHAER take over by ALLIANZ-TIRIAC
The Competition Council of Romania has authorized the transaction through which ALLIANZ-TIRIAC Asigurari takes over the company GOTHAER Asigurari Reasigurari. The Romanian subsidiary of GOTHAER is active since 2012, but in recent months, the German Group has changed its strategic direction to focus on the home market.
Lane Clark & Peacock LLP (LCP) to become one of the largest pension consultancy company in Germany after achieving AON
Aon will sign an agreement with Lane Clark & Peacock LLP (LCP) in order to sell the firm's retirement and investment business in Germany. The transaction provides further momentum on path to close proposed combination with Willis Towers Watson, which is designed to accelerate innovation on behalf of clients.
9% increase of the GWP for 1Q2021 for Sava Re and a Net Profit of EUR 23.5 million
In the first quarter of 2021, the Sava Insurance Group generated EUR 177.9 million in operating revenue and a net profit of EUR 23.5 million. The Sava Insurance Group's operating revenue and net profit represented 26.0% and 44.3%, respectively, of the full-year 2021 target., according to the press release.
1 June 2021