News - Re/Insurance groups
NN Group completes acquisition of AEGON units in Czech Rep. and Slovakia
NN Group announced that it has completed the acquisition of AEGON's Life Insurance business in the Czech Republic and AEGON's Life Insurance and Pension businesses in Slovakia.
10 January 2019LLOYD'S: Sonja ROTTIERS will head the Brussels subsidiary, while Michel FLAMEE will chair the company's Board
Sonja ROTTIERS has been appointed as the Chief Executive Officer (CEO) of Lloyd's Brussels. She will also be Lloyd's Regional Director for Europe, Middle East and Africa, and will take up her position in February.
10 January 2019Munich Re: extreme storms, wildfires and droughts raised the Nat Cat losses toll to USD 160 billion in 2018
An eventful second half of the year contributed to raising the overall loss figure for 2018 to USD 160 billion, of which about half was insured. The impact of climate change effects is stronger than ever, with agriculture being one of the most affected economic sectors.
9 January 2019AIG completes acquisition of UK Group risk specialist ELLIPSE from MUNICH Re
American International Group announced that AIG Life Limited, a UK subsidiary of AIG Life & Retirement, has completed the previously agreed acquisition of ELLIPSE, a specialist group life, critical illness and income protection provider in the UK, from MUNICH Re.
9 January 2019ALLIANZ announced management changes in Africa
ALLIANZ Africa has announced the appointment of Adja SAMB as CEO of ALLIANZ Senegal, and of Xavier LAURENT, previously CEO of ALLIANZ Senegal, as regional Head of Market Management. Both appointments are effective January 1, 2019.
9 January 2019GENERALI completes the sale of its Belgium unit to ATHORA Holding
Italian based insurer GENERALI announced the closing of the sale of its entire stake in GENERALI Belgium SA to ATHORA Holding Ltd. "in line with the terms already announced to the market on April 18, 2018".
9 January 2019Swiss Re Corporate Solutions launches FLOW, a parametric water-level insurance for companies exposed to high or low water
Swiss Re Corporate Solutions launched FLOW, a parametric water-level index-based insurance product, designed to protect companies in Europe from the financial impact of high or low river water levels, such as lost revenue due to business interruption or increased costs due to risk mitigation measures.
8 January 2019Slovene SAVA Re Group targets a 10% growth in the net profit for 2019, to over EUR 43 million
For 2019, SAVA Re Group targets a growth of over 4.5% in the Group's operating revenue, and a net profit of minimum EUR 43 million, 10% over the profit estimated for 2018, corresponding to a growth in ROE of at least 12%, the Slovene groups has announced.
7 January 2019AXA inaugurates global innovation center in the heart of Paris
On 18 December, in the 17th arrondissement of Paris, AXA has inaugurated "JAVA", its new global center dedicated to innovation, data and emerging technologies.
19 December 2018GEORGIA: IC Groups officially becomes part of Bulgarian EUROINS Insurance Group
As already stated in September by EUROINS Insurance Group (EIG), Georgian insurer IC Group has become a member of the Bulgaria based group. EIG owns over 51% of the Georgian insurer.
19 December 2018Swiss Re appoints Mark Hodges as new CEO of ReAssure
As part of the preparation towards a potential initial public offering (IPO) of ReAssure, Swiss Re announces Mark HODGES, currently Chief Executive Officer of Centrica Consumer division, as new CEO of ReAssure from 1 March 2019.
19 December 2018Nigel FRUDD will take over as CEO of Sompo International, replacing John CHARMAN
Sompo International Holdings Ltd. (Sompo International), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Nigel FRUDD will become CEO of Sompo International, effective January 1, 2019, subject to applicable regulatory approvals.
19 December 2018Alexander BOCKELMANN leaves UNIQA
Alexander BOCKELMANN, Chief Digital Officer and Management Board member of UNIQA Osterreich Versicherungen AG and UNIQA International AG, will be leaving the company at his own request at the end of January 2019.
19 December 2018Natural disasters would have only a minimal impact on VIG's activity
Austrian insurer VIENNA Insurance Group shows strong resilience in the latest EIOPA stress test, in all three quantitative test scenarios, VIG achieving results of between 158% and 215% including the volatility adjustment - well above the required minimum solvency ratio of 100%, the company announced in a statement.
19 December 2018ZURICH proposes Jasmin STAIBLIN for election to the Board of Directors
ZURICH Insurance Group announced that the Board of Directors will nominate Jasmin STAIBLIN for a position on the Group's Board.
19 December 2018Generali Board of Directors proposes the elimination of age restriction for elective offices
13 December 2018Adriatic Slovenica's takeover by Generali greenlighted by the EC
The European Commission has greenlighted the takeover of insurer Adriatic Slovenia by Generali CEE, an affiliate of Italy's Generali Group, the world's third largest insurer, STA reports. According to the Commission, the deal does not affect the competition on the relevant markets.
13 December 2018AON appoints Lisa STEVENS as Global EVP of AON United Operations
Aon - one of the largest insurance broker in the world announced the appointment of Lisa STEVENS as Global Executive Vice President of AON United Operations.
12 December 2018US wildfire costs to exceed USD 10 billion for second year running
According to the most recent Global Catastrophe Recap report launched by AON's Impact Forecasting team for November 2018 - the annual wildfire industry payouts is expected to exceed USD 10 billion for the second consecutive year in the United States.
12 December 2018MERCER to name Bala VISWANATHAN Chief Operating Officer
MERCER, the consulting subsidiary of MMC - Marsh & McLennan Companies, announced that Bala VISWANATHAN, CEO of Jardine Lloyd Thompson Group plc (JLT) UK & Ireland Employee Benefits, will join MERCER as Chief Operating Officer.
12 December 2018
