News - Re/Insurance groups
NN Romania enters the non-life insurance market
NN Romania, the life insurance market's leader, announced plans to expand the activity by entering the non-life insurance market. Earlier this year, the Dutch insurer has made the same move on the Hungarian market.
GENERALI launches its first ever global advertising campaign
Italian group Generali launches its first-ever Global Advertising Campaign in its 189-year history, uniquely focused on celebrating its 150,000 plus agents who embody the true meaning of Lifetime Partner.
SCHIAVETTO, GENERALI CEE: COVID-19 has already shown a more serious impact during the second half of March than that registered at the end of 2008
Coronavirus crisis' impact by the end of March was already higher than that registered at the end of 2008, many observers foreseeing that the pandemic might cause the most serious crisis since the 1930s, stated Carlo SCHIAVETTO, CFO at GENERALI CEE Holding for the Progetto Repubblica Ceca magazine.
VIG CFO Liane HIRNER was appointed by EIOPA to the Insurance and Reinsurance Stakeholder Group IRSG
The EIOPA Board of Supervisors confirmed Liane HIRNER, CFO of Vienna Insurance, for a four-year mandate in the Insurance & Reinsurance Stakeholder Group (IRSG).
AVIVA: TULLOCH retired. Amanda BLANC appointed as new CEO
AVIVA announced the appoitment of Amanda BLANC as Chief Executive Officer of Aviva with immediate effect. "For family health reasons Maurice TULLOCH, the previous Chief Executive, has today stepped down from the role and retired from his position on the AVIVA Board", as the UK insurer mentioned in a statement. TULLOCH joined the AVIVA plc Board in 2017 and was appointed as Chief Executive in March 2019.
Zurich Insurance Group creates a WellCare business to accelerate the group's existing health and wellbeing initiatives in markets around the world
Zurich Insurance Group has created a WellCare business to accelerate the Group's existing health and wellbeing initiatives in markets around the world and apply a global approach to their development. The new business aims to provide retail, SME and commercial insurance customers with unique health and wellness solutions tailored specifically to their needs.
Flood Re urges a 'build back better' recovery after unprecedented year
This year, Flood Re processed more claims and paid out more than in the first three years of operation combined. In 2019/20, Flood Re incurred claims at a gross cost of GBP 160 million - ten times higher than the previous year.
AXA publishes its 4th Climate Report
AXA announced the publication of its 4th Climate Report. The document describes AXA's responsible investment and insurance initiatives in the fight against climate change and measures the Group's progress in implementing the objectives of the Paris Agreement by 2050.
AM Best: Marsh & McLennan ranked first in 2019 Top Global Insurance Brokers by revenue
Marsh & McLennan cemented its first-place position in Best's Review's Top Global Insurance Brokers ranking with the acquisition of Jardine Lloyd Thompson Group in 2019. Marsh's total revenue jumped to USD 17 billion compared to 2018's USD 14.95 billion.
Generali involves over 30 thousand people with The Human Safety Net's programs
The Human Safety Net, Generali's global initiative for unlocking the potential of people living in vulnerable contexts, has published a first activity report, sharing its two-year journey of growing Generali's social impact in the communities where the Group is present in Europe, Asia and Latin America.
Generali concluded the placement of its second green bond
Assicurazioni Generali S.p.A. (Generali) has placed a new Euro denominated Tier 2 bond due in July 2031, issued in the form of green bond pursuant to the terms of the Offeror's Green Bond Framework.
Zurich Innovation Championship announced the 8 finalist of the contest
In a battle of big ideas, eight of the best and brightest startups competing in the Zurich Innovation Championship 2020 have been selected to advance to the final in October.
Chubb estimates 2Q2020 global net catastrophe loss at USD 1,807 million pre-tax
Chubb Limited announced global net catastrophe loss estimates for the second quarter of 2020 of USD 1,807 million pre-tax, or USD 1,510 million after tax. These estimates include COVID-19 global pandemic losses of USD 1,365 million pre-tax (USD 1,157 million after tax), and other natural catastrophe losses of USD 312 million pre-tax (USD 249 million after tax)
UNIQA issues two bonds: "AXA purchase" and "green bond"
UNIQA has successfully placed two bonds with a volume of EUR 800 million - EUR 600 million to fund its purchase of AXA CEE subsidiaries and EUR 200 million in a green bond format. "Investor's demand for the offering was exceptionally high with the senior bond being more than 5 times oversubscribed and the Green Tier II issuance more than 9 times", as the Austrian insurer mentioned in a statement.
IGI appoints Ian Noble as Head of Casualty and Professional Lines
International General Insurance Holdings Ltd. (IGI) announced the appointment of Ian Noble as Head of Casualty and Professional Lines. Noble has 34 years' broking and underwriting experience in Professional Lines in the Lloyd's of London and company markets, and most recently serving as Senior Class Underwriter - Professional Indemnity at Chaucer in London.
Generali Group announces buyback of three series of subordinated notes and launches its second green bond
Generali announced a buyback offer for three Series of Notes with first call dates in 2022, targeting the purchase of up to an aggregate principal amount of notes expected to correspond to the aggregate principal amount of new Tier 2 subordinated notes to be issued by Generali.
Franz Fuchs leaves the VIG Managing Board
Franz Fuchs (66) will resign from his position as member of the Managing Board of Vienna Insurance Group (Wiener Versicherung Gruppe) at the end of June 2020. In recognition of his achievements, he was appointed Deputy General Manager in October 2019.
Croatia osiguranje lost the battle to increase its stake in its Slovenian rival SAVA
The Croatian holding ADRIS Grupa and the shareholder of the largest Croatian insurer - CROATIA osiguranje, have lost the legal battle in Supreme Court due to an increase in their stake in Slovenian SAVA Re, informed local media.
Maciej FEDYNA to become new President of the Management Board and CEO of GENERALI in Poland
GENERALI announced that Maciej FEDYNA was nominated new President of the Management Board and CEO of GENERALI Poland companies as of 1 July 2020. Maciej FEDYNA, former Chief Financial Officer of GENERALI Poland, will succeed Andrea SIMONCELLI who was appointed as new Chairman of the Supervisory Boards of GENERALI T.U. S.A., GENERALI Zycie T.U. S.A and GENERALI Finance Sp. z o.o.
A Supervisory Board member of Zavarovalnica TRIGLAV resigned
Slovene insurange group TRIGLAV announced Natasa DAMJANOVIC, a Supervisory Board member of Zavarovalnica TRIGLAV, resigned as a Supervisory Board member of Zavarovalnica TRIGLAV on 18 June 2020 due to commitments related to her new employment.
16 July 2020