News - Re/Insurance groups
Swiss Re estimates 3Q Nat Cat claims burden at ~USD 1.1 billion with large man-made catastrophes reaching ~USD 300 million
Swiss Re estimates its preliminary combined claims burden from large natural catastrophes at approximately USD 1.1 billion, net of retrocession and before tax, and expects large man-made catastrophes to lead to a pre-tax claims burden of approximately USD 300 million.
18 October 2018Hannover Re's fifth cat bond transaction raises total issuance for clients to USD 1.5 billion in 2018
Hannover Re has completed the fifth catastrophe bond transaction for clients this year, raising the total issuance volume to USD 1.5 billion in 2018. For the year end, the reinsurer expects the ILS market to reach a total volume of close to USD 100 billion.
17 October 2018Mark WILSON steps down as CEO of AVIVA
AVIVA announced Mark WILSON and the Board have agreed that Mark is stepping down as CEO of the group. "Mark will remain with the group until April 2019 and will assist with the planned and orderly transition".
11 October 2018WTW appointed Pamela THOMSON-HALL as Head of CEEMEA
Willis Towers Watson - WTW - announced the appointment of Pamela THOMSON-HALL as the Head of the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region.
11 October 2018CROATIA osiguranje announced changes in its Management Board
CROATIA osiguranje Group (CO Group) - one of the largest insurers in the Adriatic region announced this summer on the Zagreb Stock Exchange website changes in its Management Board.
11 October 2018Sergio SCHENA from GENERALI Italia voted as Group's best agent
The second GENERALI Global Agent Excellence Contest took place in Sorrento to elect the best agent within the GENERALI Group. During the Grand Finale Sergio SCHENA, from GENERALI Italia, was voted as Group's best agent.
11 October 2018PIMCO to acquire GURTIN Municipal Bond Management
The financial services provider PIMCO, owned by ALLIANZ said that it has agreed to acquire GURTIN Municipal Bond Management - a specialist municipal bond manager.
4 October 2018WIENER STADTISCHE successfully completes its merger with s Versicherung
VIENNA Insurance Group said WIENER STADTISCHE officially becomes the largest life insurance company in Austria after WIENER STADTISCHE successfully completes its merger with s Versicherung.
4 October 2018ZURICH to acquire Indonesian insurer ADIRA
ZURICH Insurance Group announced that it has entered into agreements to acquire 80% of PT Asuransi Adira Dinamika (Adira Insurance), a top 10 property and casualty (P&C) insurer in Indonesia, from PT Bank Danamon Indonesia (Bank Danamon) and a minority investor.
4 October 2018Manfred BARTALSZKY joins the WIENER STADTISCHE Managing Board
Austrian Vienna Insurance Group (VIG) announced during the merger of WIENER STADTISCHE with S Versicherung, that Manfred BARTALSZKY was appointed to the Managing Board of WIENER STADTISCHE, where he is now responsible for bank distribution.
4 October 2018TRIGLAV Group to Acquire the Slovene Asset Management Company ALTA Skladi
On 21 September 2018, TRIGLAV Skladi, a TRIGLAV Group member, and the seller Alta Skupina signed an agreement to acquire a 100% stake in the Slovene asset management company ALTA Skladi, druzba za upravljanje.
27 September 2018A.M. Best affirms credit ratings of SCOR SE and its main operating subsidiaries
A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" for SCOR SE (SCOR) (France) and its main operating subsidiaries.
24 September 2018A.M. Best affirms credit ratings of Zurich Insurance Group Ltd and its main rated subsidiaries
A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa-" for the main rated insurance subsidiaries of Zurich Insurance Group Ltd (Switzerland).
24 September 2018Lloyd's, 1H2018: return to profit and a large-scale transformation underway
After the severe catastrophe experience in 2017, resulting in a loss of GBP 2 billion, Lloyd's of London books returned to black in the first half of 2018, with a pretax profit of GBP 588 million supported by an improved combined ratio of 95.5%.
24 September 2018Martin BLACKWELL to Join JLT Re as Partner
JLT Re announced that Martin BLACKWELL will be joining JLT Re as a Partner, capital solutions, next month.
18 September 2018Catherine DUFFY to Join AIG as Country Manager of Bermuda
American International Group - AIG announced that Catherine DUFFY will join the company's General Insurance business as Country Manager of Bermuda, at a date to be determined.
18 September 2018MILLI Re announced new Manager appointment
Turkish reinsurer MILLI Re stated that Gokhan AKTAS has been appointed to the position of Manager of Foreign Inward Business on 01 September 2018.
18 September 2018AXA: acquisition of XL Group completed
AXA has announced on September 12 that it has completed the acquisition of XL Group Ltd, a leading global Property & Casualty commercial lines insurer and reinsurer with strong presence in North America, Lloyd's, Europe, and Asia-Pacific.
13 September 2018GROUPAMA, 1H2018: increase premium income and improved combined ratio
The French group GROUPAMA (Groupama Assurances Mutuelles) has reported a combined premium income of EUR 9.5 billion, 3.6% up y-o-y, for 1H2018. Most of the premium income, worth EUR 8 billion, was provided by the French business segment.
12 September 2018QBE's received approval to move its European business to Brussels
QBE European Operations, the business insurance specialist, part of the Australian QBE Insurance Group, has received the High Court approval for moving its general insurance business written through its European branch network to QBE's new Belgian (re)insurance entity, QBE Europe SA/NV.
11 September 2018
