News - Re/Insurance groups
Buckingham to join AIG for the new created EVP position
American International Group announced that Lisa M. Buckingham will join the company in April 2021 in the newly created role of Executive Vice President, Global Head of AIG Enterprise Design and Life & Retirement Separation Initiatives. Based in New York, she will report to President and Chief Executive Officer, Peter Zaffino.
15 March 2021Denis Duverne to be succeeded by Antoine Gosset-Grainville as Chairman of AXA in April 2022
French insurance giant AXA announced Denis Duverne, Chairman of AXA's Board of Directors, will retire at the end of his current mandate in April 2022, as planned.
15 March 2021Groupama, 2020: under the Covid crisis' pressure, the group's P&C business remained quasi at the 2019 level; 3.1% increase in L&H
French group Groupama ended 2020 with a combined premium income stood of EUR 14.4 billion, up by 1.7% y-o-y. The life and health business lines made the growth driver, with a 3.1% increase in premiums, to EUR 0.7 billion, while the P&C lines remained quasi at the 2019 level, of EUR 7.2 billion in premiums.
15 March 2021Hannover Re 2020 financial results: 12% increase of GWP and a proposed ordinary dividend of EUR 4.50 per share
Hannover Re grew strongly again in the 2020 financial year and generated a solid Group profit despite considerable Covid-19-related losses. An increased ordinary dividend of EUR 4.50 per share is proposed for the 2020 financial year.
11 March 2021Tanja Blatnik appointed General Manager of Euroins Romania
Euroins Insurance Group has announced Tanja Blatnik as its new General Manager for Romania. The proposal of Euroins Insurance Group was accepted by the Financial Supervisory Authority of Romania.
11 March 2021Fitch Ratings affirmed Aviva's ratings, with stable outlook
Fitch Ratings has affirmed Aviva Plc's (Aviva) core insurance subsidiaries' Insurer Financial Strength (IFS) Ratings at 'AA-' (Very Strong) and Aviva's Long-Term Issuer Default Rating (IDR) at 'A+'. The Outlooks are Stable.
11 March 2021Generali achieves for the second consecutive year excellent results: GWP reached EUR 70.7 billion with resilient and profitable P&C premiums
"Today we are presenting excellent results, obtained in an unprecedented context due to the crisis generated by the pandemic. It confirms the greater resilience of Generali compared to our peers in the sector, both from a technical point of view and its capital position", stated Generali Group CEO, Philippe Donnet.
11 March 2021VIG, 2020: achieved targets for 2020 and an expected half billion EUR profit before taxes for 2021
Austrian Vienna Insurance Group (VIG) announced today its preliminary results for 2020, showing an overall performance in line with the Group's targets for the year, despite the challenging Covid situation. VIG eyes an EUR 450 million to 500 million profit before taxes in 2021.
9 March 2021VIG's "Agenda 2020" objectives successfully achieved; digital transformation and innovation remained a top priority
VIG's four-year management program "Agenda 2020" concluded at the end of the year, providing for increased cost efficiency and generally improved indicators, as well as serving the group's future viability and development.
9 March 2021VIG Group's position in the CEE strengthened by the Aegon acquisition
At the end of November 2020, Vienna Insurance Group signed the share purchase agreement to acquire the Eastern European business of the Dutch insurer Aegon, thereby taking an important step towards expanding its presence and strengthen its position in the CEE region.
9 March 2021AEGON closes the sale of STONEBRIDGE
AEGON announced that it has successfully completed the divestment of STONEBRIDGE, a UK-based provider of accident insurance products to GLOBAL Premium Holdings group, part of EMBIGNELL group.
8 March 2021AVIVA leaves the Italian market, thus announcing its fourth exit in 2021
UK insurer AVIVA annouced its exit from the Italian insurance market by selling its remaining life and general insurance business to CNP Assurances and ALLIANZ.
8 March 2021Groupama launched Driving Academy in Turkey
French insurer Groupama announced its Turkish unit Groupama Sigorta launched in mid-December its Driving Academy, in a partnership with Intercity Driving Center, the most recognized driving center in Turkey.
8 March 2021Slovenian ISA asks insurers to suspend dividend payments until 30 September 2021
Due to the uncertain situation regarding the spread of the COVID-19 pandemic and the consequent unclear impacts on the economy and the insurance industry, last week, Slovenian Insurance Supervision Agency asked the supervised entities to suspend dividend payments.
8 March 2021SAVA Re posted FY2020 net profit of EUR 56.4 million
Slovenian re/insurance group SAVA Re announced that its FY2020 consolidated net profit rose by 12.3% y-o-y to EUR 56.4 million, "better than planned", as the group mentioned in a statement.
8 March 2021Chairman and CEO of The Jasco Group joins AIG's Board of Directors
AIG announced that its Board of Directors has elected James Cole, Jr., as a Director of the company, effective March 15, 2021. Cole is Chairman and Chief Executive Officer of The Jasco Group, a New York City-based multidimensional investment management firm.
8 March 2021Generali Group's CFO is the new Chairman of the MIB Trieste School of Management
Cristiano Borean, Chief Financial Officer of the Generali Group, has been appointed as Chairman of MIB Trieste School of Management, the international school of management headquartered in Trieste.
8 March 2021Portevin to lead global risk consulting unit at AGCS
Allianz Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group - announced that Thierry Portevin, current Global Head of Property at AGCS, will be appointed Global Head of Allianz Risk Consulting (ARC), effective March 8.
8 March 2021Sara Queen returns in MetLife after 25 years as head of MIM's Real Estate Equity
MIM - MetLife Investment Management, the institutional asset management business of MetLife, has appointed Sara Queen as managing director and head of Real Estate Equity, effective March 15, 2021.
8 March 2021TRIGLAV Group, 2020: gross profit down by 10% y-o-y due to low interest rates and increasing technical provisions; technical indicators improved on all lines
Slovene Triglav Group achieved in 2020 profit before tax of EUR 90.9 million, down 10% y-o-y and GWP worth EUR 1,233.8 million, up by 4% y-o-y. The technical result improved on all lines, but the persisting extremely low interest rate environment affected the bottom result.
4 March 2021
