News - Re/Insurance groups

Triglav Group has a higher business volume and a lower profit in the first nine months of 2020

Triglav Group has well faced the pandemic situation and recorded an increase of 6% (EUR 960.9 million) in consolidated gross written premium compared to the same period of 2019. Also, it stands by the already published annual profit estimates, with a lower percentage of 13% compared to the same period of 2019, but remained focused on its strategic guidelines, according to a press release.

Munich Re, Porsche and MHP founded "FlexFactory" joint venture

The sports-car manufacturer Porsche, its management and IT consulting subsidiary MHP, and the insurance group Munich Re have founded a joint venture - the "FlexFactory" - company which aims to make the production of small series of all kinds of different products in the manufacturing industry more flexible and cost efficient.








IGI reports a net profit of USD 20.7 million for first nine months of 2020

International General Insurance Holdings Ltd. (IGI) announced its financial results for the third quarter and first nine months of 2020. The unaudited figures show a net profit for the third quarter of 2020 of USD 9.5 million (3Q2019: 4.3) and a net profit for nine months ended of USD 20.7 million (9M2019: 19.2).

LANGENBACH to replace FOKKEMA on TALANX AG's Board of Management

Sven FOKKEMA, the member of TALANX AG's Board of Management responsible for the Retail International division, will leave the company by mutual agreement and on the best of terms as of 31 December 2020, as the German insurer announced in a statement.




Crawford & Company establishes cyber incident response hub for CEE

Crawford & Company announced the establishment of a cyber incident response hub for Central and Eastern Europe (CEE). The cyber operation comprises a central incident response hub located in Warsaw, Poland supported by a number of local cyber incident response managers in countries across CEE.

GC launches new Marine & Energy unit

Rinsurance broker GUY CARPENTER part of of Marsh & McLennan Companies announced the launch of a new Marine & Energy mutual, agency and captive reinsurance solutions practice.

MetLife named Pawan Verma as Chief Information Officer

MetLife announced that Pawan Verma will join the company as Executive Vice President and Chief Information Officer, effective November 9, 2020. Verma will report to Bill Pappas, Executive Vice President and Head of Global Technology and Operations.

SCOR appoints Adrien Couret as a Board Director

SCOR announced the decision of its Board of Directors, which met on November 5, 2020, to co-opt Adrien Couret, Chief Executive Officer of the Macif group, as a Director. This decision follows Jean-Marc Raby's resignation from the SCOR Board to pursue other interests.