News - Re/Insurance groups
Sylva de FLUITER takes over as head of UNIQA Re AG
Sylva de FLUITER will take over as head of UNIQA Re AG in Zurich as of 1 January 2019, the Austrian group announced. Until year end she will work hand in hand with long-time Managing Director Hans Uwe MULLER, who will retire after 14 years at UNIQA Re.
A.M. Best upgrades credit ratings of SAVA Re, d.d. to "A" (outlook stable)
A.M. Best has upgraded the Financial Strength Rating to A (Excellent) and the Long-Term Issuer Credit Rating to "a" of Slovenian Pozavarovalnica SAVA d.d. (SAVA Re), the parent company of the SAVA Re Group. The outlook of these Credit Ratings (ratings) is stable.
A.M. Best has affirmed credit ratings of Slovenian TRIGLAV and TRIGLAV Re
A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" of Zavarovalnica TRIGLAV, the parent company of the Slovenian TRIGLAV Group, and Pozavarovalnica TRIGLAV Re, a wholly owned subsidiary of TRIGLAV.
A.M. Best affirms credit ratings of Colonnade Insurance S.A.
A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of "a-" of Colonnade Insurance S.A. (Colonnade) (Luxembourg), a member of Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada) group of companies.
American International Group appoints new CFO
American International Group announced that it has appointed Mark LYONS to the role of Executive Vice President & Chief Financial Officer (CFO). He succeeds Sid SANKARAN, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal year 2018.
A.M. Best removes from under review with negative implications and affirms credit ratings of Sirius International Group, Ltd.
On November 29 A.M. Best removed from under review with negative implications and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a" of Sirius Bermuda Insurance Company Ltd., Sirius International Insurance Corporation (Sweden) and its subsidiary, Sirius America Insurance Company (New York).
GENERALI Acquires Alternative Asset Management Firm from Bank of America
Italian insurer GENERALI has acquired CM Investment Solutions Limited (CMISL), from Bank of America Merrill Lynch. Details of the transaction were not disclosed.
MetLife named its EMEA head as CEO of Japan unit
MetLife announced that Eric CLURFAIN, currently Executive Vice President and Head of EMEA, has been named Chairman, President and CEO of MetLife Japan - the company's second largest market globally and its largest retail life insurance business, effective Feb. 1, 2019, following approvals.
Swiss Re Corporate Solutions appoints Head of Excess & Surplus North America
Swiss Re Corporate Solutions appointed Daniel VETTER as Head Excess & Surplus North America, effective January 1, 2019, as the company announced in a press release.
ZURICH is on 2017-2019 track to achieve its financial targets
Zurich Insurance Group is fully delivering on its 2019 financial targets and is well positioned to deliver future earnings growth and attractive shareholder returns, as the company announced in a statement.
AEGON appointed new Head of Corporate Communications
Frans de BEAUFORT has been appointed as the new Head of Corporate Communications at AEGON as of December 1, the as the Dutch financial group announced in a press release.
Wolfgang STOCKMEYER appointed as VIG's BTA Baltic new Board Chairman
Wolfgang STOCKMEYER (49) has been appointed, on 30 November 2018, Chairman of the VIG's subsidiary BTA Baltic Management Board, as part of a series of changes in the composition of its Management Board operated by the main player of Austrian Group in the Baltic region.
GENERALI completes the acquisition of CONCORDIA companies
Italian insurer GENERALI announced it entered into the final agreement to acquire full control of the Polish insurers CONCORDIA Capital (life insurance) and CONCORDIA Polska TUW (non-life insurance) from their German shareholders CONCORDIA Versicherung and Vereinigte Hagelversicherung.
CROATIA osiguranje, best insurer in 2018 according to the Croatian Chamber of Economy
CROATIA osiguranje is the 2018 winner of the "Zlatna Kuna" award in the insurance industry, a recognition of the relevant role played by the company in the local financial market, presented by the Croatian Chamber of Economy.
VIG's reinsurance business expands its international footprint by opening a branch in Paris
VIG Re opens its second branch, in Paris, in November 2018. This marks the next step in the planned expansion of the Vienna Insurance Group's (VIG) reinsurance company in the West European market.
Oliver BAETE reconfirmed ALLIANZ's Chairman of the Board for another five years term, until 2024
The Supervisory Board of ALLIANZ SE extended Oliver BAETE's contract as Chairman of the Board of Management until September 2024. The original contract was to expire end of September 2019.
ALLIANZ receives CBIRC approval to establish the China's first fully-owned foreign insurance holding company
ALLIANZ announced that it has received approval from the China Banking and Insurance Regulatory Commission (CBIRC) for the preparatory establishment of an insurance holding company in China.
Romanian MTPL's market stabilization pushes the EIG's business down by 10%
The Bulgarian holding EROHOLD said its 3Q2018 revenues from insurance activity amounted to BGN 667.3 million (EUR 342 million). Compared to the same period in 2017, the revenues from insurance activity decreased by 6.6%.
UNIQA Group, 3Q2018: increasing GWP in both core markets and optimistic earnings outlook for 2018
In 3Q2018, UNIQA Insurance Group increased its recurring premiums written including the savings portion by 3.1%, while total group premiums remained stable at EUR 4,042.3 million. Earnings before taxes up 17.1% to EUR 212.4 million
Lloyd's COO to leave the organisation
Lloyd's of London announced that its Chief Operating Officer, Shirine KHOURY-HAQ, has decided to leave the Corporation, after nearly five years.
12 December 2018