News - Re/Insurance groups
Ante VLAHOVIC was elected as President of the ADRIS grupa Supervisory Board
At the end of 2020, the CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS grupa - announced that Ante VLAHOVIC (member of the Supervisory Board and former President of the Management Board from 2004 to 2019) was elected as President of the Supervisory Board.
AM Best confirms Generali`s FSR of "A" (excellent). Outlook stable
Generali's Financial Strength Rating (FSR) was confirmed of "A" (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a+", as AM best have announced.
AVIVA appoints Doug BROWN as CEO of UK & Ireland Life Insurance
AVIVA announced the appointment of Doug BROWN as CEO of UK & Ireland Life Insurance. He is currently CEO of Canada Life in the UK and will join AVIVA's Group Executive Committee, reporting to AVIVA Group CEO, Amanda BLANC.
CRO Forum names AEGON's CRO as new head
AEGON's Chief Risk Officer Allegra van HOVELL-PATRIZI has been elected as the new Chairlady for industry association CRO Forum. She will hold the position for the next 12 months.
BBVA ALLIANZ Seguros begins operations in Spain
BBVA Allianz Seguros, the new bancassurance joint venture between ALLIANZ Seguros and BANCO BILBAO VIZCAYA ARGENTARIA (BBVA) announced in April of this year, will begin to operate in Spain.
GROUPAMA to extend its geographical footprint on Croatian insurance market
French insurance group GROUPAMA announced its Hungarian subsidiary - GROUPAMA Biztosito and OTP Banka d.d., Croatian subsidiary of OTP Bank, signed an agreement on the sale and purchase of 100% of the shares of the insurance company OTP Osiguranje.
Standard & Poor's confirms UNIQA with "A-" rating, stable outlook
On 18 December 2020, Standard & Poor's (S&P) confirmed its "A-" rating of UNIQA Insurance Group with a stable outlook. Positive factors in S&P's decision particularly included the company's strong market position in Austria, CEE and Russia, its leading role in health insurance in Austria and its "excellent" capital adequacy.
SCOR has named Jerome Guilbert as Chief Communications Officer
According to a press release, Jerome Guilbert will be Chief Communications Officer at SCOR starting with January 4, 2021.
Sava Insurance Group prepared its annual plan for 2021
Based on its 2020-2022 strategy, the Group plans to generate more than EUR 685 million in operating revenue and to close 2021 with a net profit above EUR 53 million, which translates into a planned return on equity of at least 11.5%.
Benoit Ribadeau-Dumas succeeds Denis Kessler as SCOR's CEO
On the committee's recommendation, SCOR's Board of Directors has decided to separate the roles of Chairman and Chief Executive Officer. The separation will come into full effect following the General Meeting in the spring of 2022.
AVIVA appoints ex-Head of HR at DEUTSCHE Bank as Non-Executive Director
AVIVA announced the appointment of Pippa LAMBERT as Independent Non-Executive Director of the Company with effect from 1 January 2021.
AGCS announced global leadership appointments
ALLIANZ Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group announced leadership changes to Global Distribution, Mediterranean & Africa Region and the Group's French national insurer.
AVIVA completed the fourth transaction in 2020: the sale of Hong Kong joint venture
AVIVA announces that it has completed the sale of its entire shareholding in its Hong Kong joint venture, AVIVA Life Insurance Company Limited (BLUE), to its joint venture partner, HILLHOUSE Capital.
ZURICH and FARMERS Exchanges to buy MetLife P&C business in U.S.
ZURICH subsidiary FARMERS Group, Inc. (FGI) and FARMERS Exchanges agree to acquire MetLife's U.S. property and casualty business for USD 3.94 billion. ZURICH will contribute USD 2.43 billion through FGI and the FARMERS Exchanges USD 1.51 billion.
TALANX share to be delisted from Warsaw Stock Exchange
German insurer TALANX informed it aims to delist the TALANX share from the Warsaw Stock Exchange.
UNIQA to increase Green investments to at least EUR 1 billion over the next 5 years
Austrian insurer UNIQA announced the ESG (environmental, social and corporate governance) becomes a core element of its new strategy. Thus, as part of its new corporate strategy "UNIQA 3.0 - Seeding the Future", UNIQA informed is doubling down on its efforts to reach new goals in climate protection and sustainability.
WTW: 4 in 5 companies plan to change ESG measures in executive pay plans over next 3 years
The global pandemic crisis sparked companies around the world to maintain or accelerate changes to their environmental, social and governance (ESG) priorities, one of the latest Willis Towers Watson (WTW) survey shows.
VIG recognized by Forbes, Financial Times and Best Recruiters for its HR management
At the end of 2020, Vienna Insurance Group (VIG) has received three confirmations for its positive relationship with its employees: the group was included in Forbes' World's Best Employers list, it was named Diversity Leader awarded by the Financial Times and it also received the Best Recruiters' gold medal in the insurance sector for the fourth year in a row.
Munich Re's "Ambition 2025" sets new growth, results goals and environmental protection targets
Munich Re announced its Group Ambition 2025, specifying a series of bold targets for the next five years. The group will retain and bolster its core business model, while advancing its transformation towards new business models. The strategy will develop in accordance with the three guiding principles of Munch Re: Scale, Shape and Succeed.
Two succesive capital increase for Euroins Romania of over EUR 25 million
Euroins Romania Asigurare Reasigurare SA recorded two successive capital increases worth over RON 126 million (~EUR 25 million) which will consolidate its presence on the market.
5 January 2021