GENERALI Slovakia donated innovative UVD robots for highly-efficient disinfection of the premises to five Slovak hospitals. The germicidal robots are very helpful for the hospitals not only during the coronavirus pandemic but also in daily safeguarding the high hygienic standards needed in the health facilities.

Italian Group Generali announced it has committed to becoming a major shareholder, acquiring 24.4% of Cattolica, through a reserved share capital increase for EUR 300 million, subject to the transformation of Cattolica into a joint-stock company.

While announcing many of the Munich Re's offices are gradually and carefully reopening worldwide, the German group has also shared its assessment on the impact of the Corovirus pandemic on business, confirming a high probability of not reaching the EUR 2.8 billion profit guidance for 2020.

Dutch financial group AEGON has appointed Duncan RUSSELL in the newly established role of Chief Transformation Officer (CTO), effective September 1, 2020. He will report to CEO Lard FRIESE and will become a member of AEGON's Management Board. The appointment has been approved by the relevant regulatory authorities.

AM Best has downgraded the Financial Strength Rating (FSR) to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "bb+" from "bbb-" of Milli Reasurans Turk Anonim Sirketi (Milli Re) (Turkey). The outlook of these Credit Ratings (ratings) has been revised to stable from negative.

The Italian group GENERALI informed its Slovenian asset management arm - GENERALI Investments Slovenia - is in the process of acquiring ILIRIKA FM AD SKOPJE by merger with GENERALI Investments AD Skopje, a subsidiary of the oldest asset management company in Slovenia, GENERALI Investments. GENERALI mentioned the transaction is subject to relevant regulatory and competition approval.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" of the property/casualty subsidiaries of the Hanover Insurance Group, Inc. (THG). The outlook is stable.

Swiss Re announced today the appointment of Thierry Leger as the Group Chief Underwriting Officer, effective 1 September 2020. He succeeds Edi Schmid, who has decided to step down from the Group Executive Committee for personal reasons and take on an advisory role.

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of Bosna Reosiguranje d.d. Sarajevo (Bosna Re) (Bosnia and Herzegovina [BH]). The outlook of these Credit Ratings (ratings) remains stable.

On 18 June 2020, Peter Skvarca was granted the Insurance Supervision Agency's licence to become a member of the management board of Sava Re.

AXA announced the launch of a collaboration with The Western Union Company to provide inclusive insurance products to Western Union's customers using its westernunion.com service. By linking insurance to money transfer services, the two groups will help to better cover migrant workers and their families at home.

Generali was honoured at the EFMA-Accenture Innovation in Insurance Awards 2020, the competition that showcases the most outstanding technology innovations in the insurance industry, with two out of the total of seven awards given.

Swiss Re Corporate Solutions announces a strategic agreement to bring LocalTapiola onto its International Programme Administration (IPA) platform. Additionally, the agreement gives the Finnish insurer access to Swiss Re Corporate Solutions' network of over 150 local offices and network partners. The collaboration supports LocalTapiola's ambitions to grow its corporate business book by competing as lead for international programme business.

SCOR has been informed of Standard & Poor's (S&P) decision to affirm the financial strength rating for the Group and its main subsidiaries at "AA-", with a "stable outlook".

Global re/insurance broker Aon announced the formation of a coalition of leading companies and organizations to strengthen communities and move toward societal and economic recovery in the wake of the COVID-19 pandemic.

Peak Reinsurance Company Limited, a Hong Kong-based global reinsurer, is pleased to announce that it has received from Moody's Investors Service an A3 insurance financial strength rating (IFSR); and the rating outlook is stable.

German insurer ERGO announced the signing of a shareholder's agreement and capital increase agreement to make a strategic investment in TAISHAN Property & Casualty Insurance, a Shandong-based nationwide property and casualty (P&C) insurer in China. "The deal marks a significant step by the leading German insurer to deepen and expand its services in the Chinese market", as the German insurer mentioned in a press release.

AXA XL today announced that Xavier Veyry has been appointed as CEO Asia & Europe. In taking up the role, Mr. Veyry will join AXA XL's newly configured Leadership Team, reporting to Scott Gunter, CEO.

Starting July 1^st, COMPENSA Vienna Insurance Group and SEESAM Insurance will complete the merger and become one insurance company. SEESAM, one of oldest insurers in the Baltics, entered the VIG family in 2008, with its life insurance unit, followed in 2018 by the acquisition of the non-life company.

Zurich Insurance Group (Zurich) announced the successful placement of EUR 750 million of dated subordinated notes. The notes, which will mature in September 2050 and are first callable in June 2030, will be issued by Zurich Finance (Ireland) DAC.