News - Re/Insurance groups
Ernest Bejda appointed to the Management Board of PZU SA
The PZU SA Supervisory Board adopted a resolution to appoint Ernest Bejda to the Management Board of the company.
Claudine Delavy appointed as Swiss Re Corporate Solutions' Head Distribution Management EMEA
Swiss Re Corporate Solutions appoints Claudine Delavy as Head Distribution Management, Europe, Middle East & Africa, effective 1 May. Ms. Delavy will be responsible for advancing the company's distribution strategy, representing all Swiss Re Corporate Solutions' products and solutions to commercial insurance brokers, and maintaining strong relationships with key partners. She will relocate from London to Zurich.
Matt Scott joins Willis Towers Watson Climate and Resilience Hub as senior director
Willis Towers Watson announced the appointment of Matt Scott as a senior director in its Climate and Resilience Hub. Scott played an integral role in the Bank of England's climate team under Governor Mark Carney from 2014 and led delivery of UK Government's landmark Green Finance Strategy in 2019.
FAIRFAX estimates a Q1 loss of USD 1.4 billion under the Coronavirus crisis' impact
The Canadian FAIRFAX Group announced it is currently estimating a net loss in 1Q of approximately USD 1.4 billion and an approximate 12% decrease in book value adjusted for the USD10 per common share dividend paid in 1Q2020, reflecting the COVID-19 pandemic and its impact on financial markets worldwide.
Coronavirus: AXA announced solidarity measures
French insurance group AXA announced that following the statement issued by EIOPA - the European Insurance and Occupational Pensions Authority - on April 2, 2020 relating to dividend distributions during the Covid-19 pandemic, the Chairman of AXA's Board of Directors convened an extraordinary meeting of the Board of Directors to consider EIOPA's recommendations.
AGCS appoints first Chief Data Officer
ALLIANZ Global Corporate & Specialty announced that effective from April 1st Ali SHAHKARAMI (46) will be appointed as Chief Data Officer for AGCS. "In this newly created position he will be responsible for the development and the delivery of ALLIANZ Global Corporate & Specialty's (AGCS) data strategy and will report directly to AGCS Chief Operating Officer (COO) Bettina DIETSCHE".
Covid-19: AVIVA to postpone 2019 dividend payment
AVIVA announced that the Board of Directors has agreed to withdraw its recommendation to pay the 2019 final dividend to ordinary shareholders in June 2020.
Alex Poracchia joins Everest Re Group as International Chief Actuary and Chief Financial Officer of Global Markets division
Everest Re Group announced that Alex Poracchia has joined the company as its International Chief Actuary and Chief Financial Officer of the organization's Everest Global Markets division.
Everest Insurance names Dana Lodge as Chief Financial Officer
Everest Re Group announced that Dana Lodge has joined the firm as Chief Financial Officer of Everest Insurance, reporting to Everest Insurance President and CEO, Jonathan Zaffino as well as Everest Group CFO Craig Howie. Dana will be based at the company's US Headquarters in Liberty Corner, New Jersey.
Marsh appoints David Rahr as Global Leader of Multinational Client Service
Marsh, the world's leading insurance broker and risk advisor, today announced that David Rahr has been appointed Global Leader, Multinational Client Service. Based in Chicago, he will report to Flavio Piccolomini, President, Marsh International, and Martin South, President, US and Canada.
Lloyds appoints Andrew Woodward as Regional Representative for Middle East and Turkey
Lloyd's has appointed Andrew Woodward as the Lloyd's Regional Representative for Middle East and Turkey effective from 01 April.
COVID-19: Slovene TRIGLAV and SAVA Re to suspend the dividend payments for 2019
Slovene re/insurance groups TRIGLAV and SAVA Re informed that following the recommendation received on March 31st, 2020 from the Slovenian Insurance Supervision Agency, they will temporarily suspend the dividend payments for 2019.
S&P changed the rating outlook of PZU from "Positive" to "Stable" due to the outbreak of the pandemic
Polish insurance group PZU (Powszechny Zaklad Ubezpieczen Spolka Akcyjna informed that on 6 April 2020 S&P Global Ratings changed the insurer' rating outlook from "Positive" to "Stable". At the same time, the agency affirmed PZU SA's financial strength rating at an unchanged level of "A-".
Guy Carpenter appoints Vijaya Singh as Global Head of Marketing and Communications
Guy Carpenter & Company announced today that Vijaya Singh has been appointed as Global Head of Marketing and Communications, effective immediately.
SCOR appoints Emmanuel Joffre as Chief Human Resources Officer
SCOR announced the appointment of Emmanuel Joffre as Chief Human Resources Officer, with immediate effect. Previously he has held the role of Head of Human Resources for the Americas Hub.
ZURICH shareholders re-elect all members of the Board and approve dividend
Shareholders of ZURICH Insurance Group approved all items on the Annual General Meeting (AGM) agenda, including the re-election of all members of the Board of Directors. Thus, Michel M. LIES was confirmed as Chairman of the Board.
Dutch groups AEGON and NN suspended the dividend distributions as a consequence of the COVID-19 pandemic
The two Dutch financial groups AEGON and NN informed that they will act in accordance with the recommendations of EIOPA and the Dutch Central Bank (DNB) published on 2 April 2020, which urge insurers to temporarily suspend their dividend distributions and share buyback programmes as a consequence of the COVID-19 pandemic.
MUNICH Re withdraws profit guidance for 2020 and discontinues share buy-back until further notice
World largest reinsurer MUNICH RE informed to the great uncertainty concerning the macroeconomic and financial impacts of COVID-19, "from today's perspective -and assuming a burden from major man-made and natural-catastrophe losses that is otherwise in line with expectations - MUNICH Re will not attain its profit guidance of EUR 2.8 billion for 2020 as a whole".
Triglav Group remains financially stable with strong capital base
Triglav Group's capital adequacy was 223% as at the 2019 year-end (2018: 216%), staying within the target range in accordance with Triglav Group's capital management policy.
Anna JANICZEK appointed acting president of PZU Zdrowie
Anna JANICZEK was appointed to the Management Board of PZU Zdrowie SA, the health insurance arm of the PZU Group. She will simultaneously act as the President of the Management Board, the Supervisory Board of PZU Zdrowie SA decided.
16 April 2020