News - Re/Insurance groups
A five-year EUR 3.5 billion plan for Fenice 190 launched by Generali
At its 190 th anniversary, Generali launches Fenice 190, a five-year EUR 3.5 billion plan in order to support the sustainable recovery in Europe and the real economy. Over EUR 1 billion has already been allocated through 10 investment funds focused on infrastructure, innovation and digitalization, SMEs, etc.
Drought Index, the first drought insurance product brings new benefits to Romanian farmers in the agricultural year 2021
Agra Asigurari aids the farmers with new benefits for agriculture in 2021. Drought Index and Agrar Basis become the same policy with additional advantages, such as providing soybean crops insurance and compensation for a lower precipitation deficit of 30%.
CCN presents the annual performance: good underlying business activities and stable income for 2020
The annual performance of the CCN group increased with 0.2%, showing a satisfactory progress for 2020, with a good underlying business activities and stable income. The digital transformation process was one of the factors helping the company face the COVID-19 challenges.
AEGON posted net loss of EUR 147 million in the second half of 2020
Dutch insurance group AEGON reported a net loss of EUR 147 million in the second half of 2020, compared with a net profit of EUR 908 million in the second half of 2019.
NN Group reports FY 2020 operating result of EUR 1.9 billion
Dutch NN Group announced its operating result increased to EUR 963 million in H2 2020 from EUR 881 million the previous year, mainly driven by "a higher investment margin and lower administrative expenses at Netherlands Life".
AEGON nominates CFO Matt RIDER for reappointment
AEGON's Supervisory Board will propose to the Annual General Meeting of Shareholders in June 2021 to reappoint Matt RIDER as Chief Financial Officer for a four-year term. Matt RIDER was first appointed as AEGON's CFO in 2017.
AON: Insurance rates will continue to increase in 2021
According to the Q4 2020 Global Market Insights Report released by global re/insurance broker AON, insurance pricing is up across most lines and classes globally, as COVID-19 impacts, including the economic downturn, have resulted in heightened underwriting scrutiny and risk aversion from insurers.
Leadership changes at SCOR Global Life: Global Markets Organization
French reinsurer SCOR annouced three organizational moves "designed to further strengthen the organisation and support future success".
ALLIANZ, FY2020: EUR 1.3 billion impact of Covid-19 on operating profit
German insurer ALLIANZ posted FY2020 total revenues of EUR 140.5 billion,down by 1.3% y-o-y (EUR 142.4 billion in 2019) while its operating profit decreased by 9.3% to EUR 10.8 billion (vs. EUR 11.9 billion), mostly due to the adverse impacts from COVID-19 amounting to approximately EUR 1.3 billion.
Swiss Re Group: net loss of USD 878 million for 2020 confirmed; confident outlook for 2021
Business closings, event cancellation and mortality were the main drivers of the COVID-19 USD 3.9 billion losses, mostly incurred in Q2 and Q4, that have significantly affected Swiss Re's financial result for 2020, pushing it in negative territory.
Sabine Keller-Busse is proposed for election to the Zurich Board of Directors
The election of the Board of Directors of Zurich Insurance Group (Zurich) will take place on April 7, 2021 during the Annual General Meeting which will take place without the physical attendance of shareholders. Sabine Keller-Busse was proposed for election to the Group's Board.
EUR 500.000 invested in Boleron for mobile-first digital insurance
New Vision 3 (NV3) and venture capital fund Eleven are investing in Boleron, a software platform for digital insurance, used by the Bulgarian insurance broker Boleron Consulting, around EUR 500 million, to accelerate its expansion in new client verticals across the SEE region, as well as enable team expansion and product development.
Polish Asseco CE is expanding on the international digital insurance market
After the successful partnership in Slovakia and Czechia focusing on provision of IT solutions on the Platform as a Service (PaaS), Asseco Central Europe and Youplus Insurance International AG have agreed on another cooperation, aiming to gradually expand in German speaking countries.
UNIQA Group, 2020: results above expectations; 3.6% growth in GWP after consolidation of AXA-CEE in Q4
Austrian UNIQA's 2020 results exceeded the Group's expectations as formulated in April. GWP went up 3.6% after consolidation of AXA-CEE in Q4, while preliminary earnings before taxes reached EUR 57 million, including the EUR 243 million one-time charges for restructuring, adjustment of goodwill in CEE and AXA integration.
Beesafe, VIG's digital start-up, achieves rapid four-month Guidewire deployment in midst of global pandemic
Beesafe, the digital brand of the Vienna Insurance Group's (VIG) Polish subsidiary, has deployed Guidewire Software, a platform general insurers trust to engage, innovate, and grow efficiently, to underpin its business processes and drive its digital insurance model, the companies have announced.
NN Group proposed two SB members
Dutch insurance group NN informed its Supervisory Board nominated Cecilia REYES and Rob LELIEVELD for appointment as members of NN Group's Supervisory Board for a term of four years.
KBC to expand its presence on Bulgarian market by acquiring NN operations
Belgian fiancial group KBC and the Netherlands-based NN Group announced they reached an agreement for KBC's Bulgarian subsidiary, DZI - Life Insurance, to acquire NN Bulgarian operations for a total consideration of EUR 77.7 million.
Vienna Insurance Group invests a single-digit million euro amount in tech start-ups
Vienna Insurance Group (Wiener Versicherung Gruppe) has acquired an indirect stake in venture capital fund IST cube (EuVECA) GmbH & Co KG (IST CUBE) for start-ups which develop scientific, engineering and technological innovations on the basis of academic research.
ZURICH: 20% decrease of BOP, but a high record on customer and employee satisfaction
Business operating profit (BOP) decreased by 20% at USD 4.2 billion due to the COVID-19-related impact and higher catastrophe losses, but customer and employee satisfaction rise to record high, reflecting quick adaptation to new ways of providing services and protecting employees, as a press release shows.
Aon Catastrophe Report shows Multi-Billion Economic Losses for January 2021
EUR1.8 billion (USD 2.2 billion) is the estimated amount lost due to the low-pressure system 'Filomena,' which caused severe snowfall in Spain, leading to business interruption and property losses. according to the latest edition of Global Catastrophe Recap report launched by Aon plc (NYSE: AON) which evaluates the impact of the natural disaster events that occurred worldwide during January 2021.
25 February 2021