News - Re/Insurance groups
GENERALI completed acquisition of Union Investment TFI S.A. in Poland
GENERALI finalized the completion of the transaction with German Group Union Asset Management Holding AG to acquire Union Investment TFI S.A. in Poland. GENERALI has received the required approvals from all relevant regulatory bodies and competition authorities.
19 June 2019S&P Global Ratings revised PZU Group's outlook to positive on advancing strategy and evolving enterprise risk management; affirmed at 'A-'
S&P Global Ratings has revised on 14 June its outlook to positive from stable on Poland-based multiline insurer Powszechny Zaklad Ubezpieczen S.A. (PZU) and its core operating subsidiaries, all together, the PZU Group. The agency affirmed its 'A-' long-term issuer credit and financial strength ratings.
19 June 2019SCOR Global Life announced appointments in France
SCOR Global Life, a division of the French based reinsurer, has announced a series of appointments related to French market.
18 June 2019GENERALI announced changes in the managements in the Czech Republic, Slovakia and Croatia
GENERALI CEE Holding announces some changes in the managements of its subsidiaries CESKA pojistovna (Czech Republic), Generali Poistovna (Slovakia), and Generali osiguranje (Croatia), to become effective in the upcoming weeks and months once the necessary approvals have been received.
18 June 2019AVIVA to cut 1,800 jobs over the next three years
AVIVA's head Maurice TULLOCH - appointed as CEO of the UK largest insurer on March 4th 2019 replacing Mark WILSON, announced the Group is cutting 1,800 jobs over the next three years in an effort to cut costs.
10 June 2019ALLIANZ strengthens its presence in the UK
German insurer ALLIANZ announced two movements in order to increase its presence in the UK.
10 June 2019Green light for the Generali and Concordia merger in Poland
The Polish Financial Supervision Authority agreed to the merger of Generali Zycie and Concordia Capital. Maciej FEDYNA, Member of the Management Board of Generali Polska, will perform the function of President of the Management Board of the Concordia Polska Mutual Insurance Society.
10 June 2019ZURICH announces the creation of new Customer Office and appointed Conny KALCHER as its CEO
ZURICH Insurance Group announces the appointment of Conny KALCHER to the position of Chief Customer Officer of the new created Customer Office as part of ZURICH's drive to further elevate customer excellence across the organization.
10 June 2019GENERALI's Group project to renovate the Venetian historic "Procuratie Vecchie" building finally kicks off
The project for the renovation of the "Procuratie Vecchie" in Piazza San Marco in Venice, contracted to David Chipperfield Architects Milan by GENERALI in 2017, has finally received permission to build from the Municipality.
10 June 2019Tom STODDARD steps down as CFO of AVIVA
AVIVA announced that the BoD and Tom STODDARD have decided that Tom STODDARD will step down as Chief Financial Officer and as a Director of AVIVA from 30 June 2019: "Tom STODDARD will remain with the Group until 31 December 2019 to support an orderly transition".
6 June 2019AON VP to retire
AON announced that Peter LIEB is retiring from the firm after ten distinguished years of service as Executive Vice President and General Counsel.
5 June 2019Carsten ABRAHAM appointed as CEO of UNIQA Liechtenstein
Austrian insurer UNIQA announced changes in its Vaduz-based Management. Thus, Carsten ABRAHAM was appointed as CEO of UNIQA Versicherung Aktiengesellschaft, Vaduz in addition of current CFO responsibilities, after Ismar Daniel KUHNEISEN decided to exit UNIQA Group.
5 June 2019Fitch Ratings upgrades GENERALI's IFS to "A", from "A-"
Fitch Ratings has taken rating actions on Italian insurance group Assicurazioni Generali SpA (GENERALI) and removed them from Under Criteria Observation (UCO), where GENERALI was placed on 15 January 2019.
30 May 2019GENERALI to sell its UK life run-off portfolio to RGA
Italian insurer GENERALI has entered into an agreement with Reinsurance Group of America (RGA) for the sale of the life run-off portfolio of its UK branch.
29 May 2019New appointments inside Swiss Re Corporate Solutions
Swiss Re Corporate Solutions announced a new Head for Accident & Health North America and a new Head for Financial & Professional Services and Casualty Canada, both effective from June 2019. The newly announced Heads will be Katie MCGRATH and Tyler JOHNSTON.
29 May 2019AON adds executive team in Global Reinsurance Clients unit
Global re/insurance broker AON announced changes within its Global Reinsurance Clients team, which launched in 2014 and forms part of its Reinsurance Solutions operation.
29 May 2019EUROINS, 1Q2019: 41% increase in revenue y-o-y
Bulgaria-based EUROINS, part of EUROHOLD, reported a consolidated revenue of EUR 171 million (+41% y-o-y) for the first three months of 2019. For the same period, EUROINS showed an increase of 37% in gross written premiums (GWP) volume, growth sustained mainly by Romanian and Bulgarian business.
28 May 2019NN Group, 1Q2019: Net result increased by 28.4%
First quarter results of 2019 improved for NN Group. The net result increased by 28.4%, while the gross premium income reached EUR 4.9 billion, showing an increase of 9.0% compared to the same period of 2018.
27 May 2019TALANX, 1Q2019: Strong 11% GWP growth in first quarter
Talanx Group began the year with a strong GWP growth of 11%, reaching EUR 11.7 billion. Net income was up by 8%, while the combined ratio slightly improve to 96.8%, compared to 1Q2018. Talanx Group expects a net income of EUR 900 million by the end of 2019.
27 May 2019Generali targets smaller insurance companies to grow in Europe
23 May 2019
