News - Re/Insurance groups
SCOR issues a new 3-year contingent capital facility
SCOR announced the launch of a new three-year contingent capital facility. This takes the form of a contingent equity line, providing the Group with EUR 300 million coverage in case of extreme natural catastrophe or life events impacting mortality.
5 December 2019SAVA Re expects payments for claims arising from Typhoon Hagibis to exceed EUR 5 million
In October 2019, Japan was hit by Typhoon Hagibis, one of the worst storms in the region in decades. According to latest estimates, the claims payable by Sava Re under its reinsurance treaties will exceed EUR 5 million.
5 December 2019EUROINS, 9M2019: group revenues rose by 44% y-o-y
For the first nine months of 2019, Euroins Insurance Group (EIG), part of EUROHOLD Bulgaria AD, reported revenues of BGN 962 million (~ EUR 492 million), up by 43.9% year-on-year.
4 December 2019MAPFRE appoints two CEOs in Turkish and Indonesian subsidiaries
MAPFRE announced the appointments of Stefan JENSEN as CEO of MAPFRE Turkey and Herlin Sutanto as CEO of MAPFRE Indonesia.
4 December 2019AM Best revised the ratings of AzRe to positive from stable
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of AzRe Reinsurance, OJSC (AzRe) (Azerbaijan).
4 December 2019Delphine MAISONNEUVE appointed as CEO of AXA Next and Group Chief Innovation Officer
AXA announced the appointment of Delphine MAISONNEUVE, currently CEO of AXA Brazil, as CEO of AXA Next and Group Chief Innovation Officer, effective January 1, 2020.
4 December 2019Allianz X to invest in SDA SE Open Industry Solutions
Allianz X, the digital investment unit of the Allianz Group, Debeka, msg group and SIGNAL IDUNA will invest in SDA SE Open Industry Solutions to support the development of new innovative digital services in the insurance industry.
28 November 2019CROATIA Osiguranje entrusts Sapiens International Corporation with its P&C business digital transformation
CROATIA Osiguranje, a leading Croatian insurer, has selected Sapiens IDITSuite for Property & Casualty and Sapiens ReinsuranceMaster, as well as other tools provided by Sapiens International Corporation for its digital transformation program.
28 November 2019Swiss Re's solutions for the CEE markets' development
Central and Eastern European is the only real growth area we can notice in the whole European insurance market, according to Christian KREUTZER, Market Head ACEE & Transaction Lead NCEE, Swiss Re, in an exclusive interview for www.xprimm.com
28 November 2019VIG Re, 9M2019: gross premiums written volume expanded by 20%
At the end of September 2019, for nine months ended, VIG Re gross written premiums (GWP) volume rose by 19.9% year-on-year, to EUR 404 million.
28 November 2019VIG, 9M2019: net profit increased 9.5%
Vienna Insurance Group (VIG) reported a net profit of EUR 226.5 million for the first nine months of 2019, 9.5% higher that the net profit of the same period prior year.
27 November 2019GUY CARPENTER announces senior appointments
GUY CARPENTER & Company, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies, announced today the appointment of Robert JOHNSTON as Chairman of GUY CARPENTER's Bermuda operations, and Peter KOMPOSCH as Head of Casualty and Specialty, Bermuda, with immediate effect.
26 November 2019John DRZIK steps down as President of MARSH Global Risk and Digital Division, takes advisory role
Global re/insurance brokerage company MARSH has announced that John DRZIK will step back from his full time responsibilities as President of the Global Risk and Digital (GR&D) division, effective January 1, 2020.
26 November 2019Sava Insurance Group, 9M2019: net profit up 29.3%
For the first nine months of 2019, Sava Insurance Group reported a net profit of EUR 37.7 million, reflecting an increase of 29.3% year-on-year, representing 87.6% of the group's annual target for 2019.
22 November 2019UNIQA Group, 9M2019: consolidated net profit grew 1.7%
At the end of September 2019, for nine months ended, UNIQA Group consolidated net profit increased by 1.7% to EUR 167.1 million.
21 November 2019TransRe, 9M2019: earnings before taxes went up 43.9%
Trans Re ended the first nine months of 2019 with earnings before taxes in amount of USD 639 million, showing a considerable increase of 43.9% compared to the same period of the year before.
21 November 2019Swiss Re: We, as an industry, have to generate profit within our insurance business
As we're heading towards 2020, the re/insurance industry evaluates the challenges and the evolution ahead. Swiss Re, for example, considers that the asset side will no longer have an impact. There is, also, the threat of inadequate pricing, mostly in the CEE countries.
20 November 2019AM Best affirms credit ratings of Slovenian insurer Triglav and its reinsurance arm, Triglav Re
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of Slovenian Zavarovalnica TRIGLAV d.d. (TRIGLAV), the parent company of the TRIGLAV group, and Pozavarovalnica TRIGLAV Re (TRIGLAV Re), a wholly owned subsidiary of TRIGLAV. The outlook of these Credit Ratings (ratings) remains stable.
20 November 2019Wayne MANNING joins Sedgwick's international division as head of client services
Sedgwick has announced the appointment of Wayne MANNING as head of client services for its international division.
20 November 2019Double award for Vienna Insurance Group at Austrian CEO & CFO Awards
VIG's head, Elisabeth STADLER was awarded as best International CEO and Liane HIRNER best CFO Newcomer of the Year at the CEO & CFO Award ceremony 2019 of the consulting company Deloitte together with Boerse Express and the CFO Club Austria, on 13 November 2019.
20 November 2019
