News - Re/Insurance groups
Croatia: CO Group posted FY2020 net profit of ca. EUR 43.5 million
CROATIA osiguranje Group, one of the largest insurer in the Adriatic Region reported FY2020 consolidated net profit of HRK 327.9 million (ca. EUR 43.5 million), which represents a decrease of 3.4% compared to previous year, as the insurer announced in a statement published on ZSE (Zagreb Stock Exchange) web-site.
4 March 2021Generali announced 3 new appointments within the Group
Francesco Martorana, Bruno Servant and Tim Rainsford are the 3 new appointments that Generali named within the Group Chief Insurance & Investment function and in the Asset & Wealth Management business unit.
4 March 2021Aon and Praedicat, new partnership for Insurers Emerging Risks in Casualty Sector
Aon plc (NYSE: AON), announces a new collaboration with Praedicat, a liability emerging risk analytics company, to develop "named peril" products for insurers, helping them to transfer emerging liability risks to reinsurers and the capital markets.
4 March 2021Claire Le Gall-Robinson was appointed to the Group Executive Committee of SCOR
Claire Le Gall-Robinson will join SCOR's Executive Committee staring with March 1. In addition to her role as General Secretary, which she has held since 2016, Claire Le Gall-Robinson is in charge of governance, the compliance function and the legal function.
4 March 2021Sierra Signorelli was named as CEO Commercial Insurance of Zurich
Zurich Insurance Group (Zurich) has appointed Sierra Signorelli to the role of Chief Executive Officer for Commercial Insurance and as a member of the Executive Committee with immediate effect. The new appointment to the Executive Committee is subject to regulatory approval.
4 March 2021Swiss Re announces strategic partnership with radar satellite-based flood monitoring provider ICEYE
Swiss Re has entered into a strategic partnership with ICEYE, the largest commercial synthetic-aperture radar (SAR) satellite operator and flood monitoring provider. Swiss Re's clients will benefit from enhanced insights and bespoke solutions.
4 March 2021Triglav reappointed Marica Makoter as the Management Board member
The Supervisory Board of Triglav reappointed Marica Makoter as the Management Board member - Employee Representative at the proposal of the Company's Works Council.
4 March 2021Bulgaria: Eurohold is issuing new shares on the stock exchange
Eurohold Bulgaria, owner of Euroins, intends to increase its working capital up to EUR 100 million by issuing new shares on the Bulgarian Stock Exchange (BVB). The main shareholders of Eurohold, including Starcom Holding AD, confirm their participation in the future capital increase.
3 March 2021Munich Re: a profit of EUR 1.2 billion for 2020 and premium growth of 10.9% as per January renewals
Munich Re maintains stable dividend of EUR 9.80 and continues to grow. Despite the high Covid-19 losses, a profit of EUR 1.2 billion has been announced by the company for 2020.
3 March 2021EIOPA discussion paper on potential inclusion climate change in the natural catastrophe standard formula
Insurance Europe has published its response to a consultation by the European Insurance and Occupational Pensions Authority (EIOPA) on its discussion paper on a potential methodology for the inclusion of climate change in the Solvency II natural catastrophe standard formula.
3 March 2021Two new appoitments at AGCS
ALLIANZ Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group announced two global leadership appointments.
1 March 2021AXA FY2020 revenues fell below EUR 100 billion
The French insurer AXA reported total FY 2020 revenues of EUR 97 billion, down just 1% compared to the previous year, while the net income decreased by 18% to EUR 3.16 billion, according to the activity indicators published by the group.
1 March 2021After France, Aviva sell its joint venture also in Turkey for GBP 122 million
After the announcement of approving the sale of its French business, Aviva plc ("Aviva") will sell its entire 40% shareholding in its joint venture in Turkey to Ageas Insurance International N.V. for an amount of GBP 122 million.
26 February 2021GBP 2.5 billion for UK insurance claims after COVID-19 in 2020
The UK insurance market has to pay up to GBP 2.5 billion for COVID-19 insurance claims incurred in 2020, as the Association of British Insurers has announced in a press release. ABI members consider that GBP 2 billion are due to COVID-19 business interruption claims.
25 February 2021The industry could free up to GBP 95 billion to boost the UK economy and tackle climate change
According to a report issued by KPMG for the Association of British Insurers (ABI), the Post-Brexit reforms to financial regulations could boost the UK economy and support the fight against climate change if refinements are made to Solvency II following the UK's departure from the EU.
25 February 2021Generali celebrates the 190th anniversary and intends to build a shared and sustainable future for all customers and communities
"Today more than ever, in an unprecedented context, the Generali Group intends to build a shared and sustainable vision for the future of all stakeholders", declared the Chairman of Assicurazioni Generali, Gabriele Galateri di Genola.
25 February 2021EUR 234 million net income and a dividend of EUR 1.80 per share, SCOR demonstrates its resilience in facing the shock of Covid-19
With an increase in gross written premiums to EUR 16,368 million in 2020, SCOR passes the real-life Covid-19 stress test demonstrating its resilience. The net income of EUR 234 million reflects the cost of Covid-19 and the annualized return on equity (ROE) stands at 3.8%.
25 February 2021Aviva France will be sold for EUR 3.2 billion to Aema Groupe
Aviva has approved the sale of its French Business for EUR 3.2 billion in cash to Aema Groupe in order to follow its strategic transformation and focus on the strongest businesses in the UK, Ireland and Canada.
25 February 2021Reputational Crisis Insurance has been launched by Willis Towers Watson and Liberty Specialty Markets
Through the exclusive partnership between Willis Towers Watson and Liberty Specialty Markets, the Reputational Crisis Insurance has been developed as a solution for organizations to transfer the financial risk associated with certain types of reputational crises.
25 February 2021Paul Cazacu is the new CEO of UNIQA Asigurari
Starting with February 2021, Paul Cazacu takes over the position of CEO - President of the UNIQA Insurance Directorate.
25 February 2021
