News - Re/Insurance groups
Marsh & McLennan Agency to acquire Bouchard Insurance
Marsh & McLennan Agency, the middle market agency subsidiary of Marsh, announced that it has reached agreement to acquire Clearwater, Florida-based Bouchard Insurance, a leading full-service agency in Florida.
30 January 2019ALLIANZ to expand its footprint in Asia by entering the Vietnam's non-life market
ALLIANZ announced its intention to enter the general insurance sector in Vietnam through a digital joint venture (JV) to be set up with the FPT Group - "driving long-term success in the market and expanding ALLIANZ's footprint in Asia".
30 January 2019ERGO's Croatian subsidiaries change of ownership got the official approval
SAVA Re was granted the Croatian Financial Services Supervisory Agency's approval for the direct acquisition of the control ownership package (over 50%) of the Croatian subsidiaries of ERGO, namely ERGO Insurance and ERGO Life Insurance, both domiciled in Zagreb.
25 January 2019AON, 2018: insured cat losses at USD 90 billion, economic costs at USD 225 billion
Re/insurance broker Aon has estimated that the re/insurance industry will incur USD 90 billion of catastrophe losses in 2018, or around 40% of the total USD 225 billion economic cost, according to Weather, Climate & Catastrophe Insight: 2018 Annual Report.
23 January 2019Swiss Re appoints Archie KANE as non-executive Chairman at ReAssure
Swiss Re announced it appointed Archie KANE as the new non-executive Chairman of the Board of Directors of its UK-based closed book business ReAssure effective immediately.
22 January 2019AXA XL completes transfer of XL Insurance Company SE to Dublin
AXA XL announced that it has completed the transfer of its EU insurer - XL Insurance Company SE, from the UK to Dublin, Ireland.
22 January 2019AGCS opens new reinsurance branch in India
Corporate insurer Allianz Global Corporate & Specialty SE (AGCS) targets growth in Asia with new India reinsurance branch.
22 January 2019GENERALI successfully placed a subordinated bond for EUR 500 million
Generali has launched on 21 January a subordinated bond with a 10 years bullet format targeting institutional investors for an overall amount of EUR 500 million. At the initial yield guidance of 4.625%, the issuance attracted around 450 orders for more than EUR 6.5 billion, more than 13 times the target size.
22 January 2019Allianz Risk Barometer 2019: Cyber joins BI as leading global risk for companies
In the wake of mega data breaches and privacy scandals, major IT outages and the introduction of tighter data protection rules in the European Union and other countries, cyber risk is now a core concern for businesses in 2019 and beyond.
18 January 2019Thomas MOTAMED elected to AIG BoD
The Board of Directors of American International Group elected Thomas Firouz MOTAMED as a Director, effective immediately.
18 January 2019ALLIANZ announced three executives appointments
German insurance Group ALLIANZ announced three senior leadership appointments at ALLIANZ DIGITAL Health, ALLIANZ Private Krankenversicherung and Allianz Global Corporate & Specialty SE.
18 January 2019MMC names new MERCER CEO and MMC Vice Chairman
Marsh & McLennan Companies (MMC) announced key leadership changes appointing new MERCER CEO and MMC Vice Chairman "to further its growth strategy".
18 January 2019Czech Rep.: Kooperativa VIG becomes the largest insurer in the country after the merger with PCS
Austrian Vienna Insurance Group (VIG) announced its Czech companies Pojistovna Ceske sporitelny (PCS) and Kooperativa merged with effect from 1 January 2019.
18 January 2019Guy Carpenter announces new division and senior appointments designed to deliver enhanced client value
Guy Carpenter & Company, LLC, a wholly owned subsidiary of Marsh & McLennan Companies, announced the formation of a new Global Capital Solutions Group and a series of new leadership appointments related to the Jardine Lloyd Thompson Group plc (JLT) acquisition.
18 January 2019MS Amlin CFO John Worth to join HASTINGS Group
Global re/insurer MS Amlin announced that its Chief Financial Officer - John WORTH will be stepping down from his role to join HASTINGS Group plc as CFO.
15 January 2019AM Best upgrades Issuer Credit Rating of Assicurazioni Generali S.p.A.; Assigns Credit Ratings to Generali Espana
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to "a+" from "a" and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Assicurazioni Generali S.p.A. (Generali) (Italy) and its main rated subsidiaries.
15 January 2019Lloyd's of London announced new members to the Council
Lloyd's of London announced that Albert BENCHIMOL and Victoria CARTER have been appointed respectively External member and Working member of the Lloyd's Council with effect from 1 February 2019. Michael WATSON, currently on the council, has been re-elected as External member.
15 January 2019Swiss Re: Global NatCat and man-made disaster insured losses estimated at USD 81 billion in 2018; Group's own claims burden to reach USD 2.9 billion
Swiss Re expects a combined claims burden from natural catastrophes and large man-made disasters of USD 2.9 billion for the full year 2018. For the whole industry in 2018, Swiss Re estimates global insured losses of USD 81 billion.
15 January 2019Michel KHALAF to succeed Steven KANDARIAN as President & CEO of MetLife
The board of directors of MetLife announced that Michel KHALAF, President, U.S. Business and EMEA, will become MetLife's President and Chief Executive Officer on May 1, 2019. Khalaf also has been appointed to the MetLife board effective May 1.
10 January 2019S&P and A.M. Best upgrade issuer credit rating of TALANX
The international rating agencies Standard & Poor's (S&P) and A.M. Best have for the first time awarded TALANX AG a financial strength rating.
10 January 2019
