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.
SERBIA: Snapsheet announced the launch of Appraisals Software with Generali
In less than 60 days, Generali Osiguranje Srbija, a leader in the Serbian insurance market, self-configured and launched the Snapsheet Appraisals with Serbian and English language options, according to a press release of Snapsheet.
Nanne Bos appointed as Aegon's Chief Communications Officer
Nanne Bos will join Aegon as Chief Communications Officer, as per January 1, 2021. Nanne will succeed Frans de Beaufort, who will be appointed from the same date as Global Head of Corporate Sustainability.
Generali Group confirmed in RobecoSAM's DJSI rank thanks to its sustainable business approach
Generali has been confirmed in the Dow Jones Sustainability World Index (DJSI) and in the Dow Jones Sustainability Europe Index (DJSI Europe), recognition of its sustainability integration approach taken by the Group for its core business.
S&P's confirms Deutsche Ruckversicherung Group "A+" rating, outlook stable
Standard & Poor's confirmed its "A+" rating for the Deutsche Ruckversicherung Group, Outlook "stable". The rating encompasses both Deutsche Ruckversicherung AG in Dusseldorf and Deutsche Ruckversicherung Switzerland Ltd (DR Swiss) in Zurich.
WTW acquires climate change adaptation advisory and analytics service Acclimatise
Willis Towers Watson (WTW) announced the acquisition of Acclimatise, a market leader in climate change adaptation advisory and analytics services, to help meeting the growing demands from corporates, Governments and financial institutions.
ACHMEA uses reserves to keep health insurance premiums affordable for customers
Dutch insurer ACHMEA announced is contributing about EUR 130 million from its reserves to limit the increase in its basic health insurance premiums for next year. This amount will be charged against the result for the financial year 2020.
CHUBB appoints John LATTER to Claims Director role for Europe and Eurasia & Africa
Re/insurer CHUBB announced the appointment of John LATTER as Senior Vice President, Claims Director for the company's Europe and Eurasia & Africa regions.
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.
Fitch has rated a "BB" IFS to ONIX Asigurari, Outlooks are Stable
ONIX Asigurari S.A. has been rated by Fitch with a score of 'BB' Insurer Financial Strength (IFS) and a 'BB-' Issuer Default Rating (IDR) according to the agency's report, released on 5 November.
Sava Re has cancelled General Meeting of shareholders and temporarily suspended the distribution of dividends
Sava Re led has announced on 6 November that the notice of the 37th general meeting which was scheduled for 16 November 2020 is called off due to new circumstances and risks that arose in some markets after the outbreak of the second wave of the pandemic, the company announced in a press release.
SCOR appoints Myriam Moufakkir as Chief Business Transformation Officer
SCOR announced the appointment of Myriam Moufakkir as SCOR Global P&C's new Chief Business Transformation Officer. She will be reporting to Jean-Paul Conoscente, CEO of SCOR Global P&C.
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.
SCOR reports net income of EUR 135 million at the end of September 2020
SCOR ended the first nine months of 2020 with a net income of EUR 135 million, 66.3% lower year-on-year. The third quarter's net income was EUR 109 million, 5.2% lower than the third quarter of 2019.
Vienna Insurance Group established its own assistance company in the Baltics
Vienna Insurance Group (VIG) announced the establishment of Global Assistance Baltic, continuing to expand its own service companies. The group's own assistance services will now be used in ten countries.
17 November 2020