News - Re/Insurance groups
UNIQA invests EUR 1 million in a Czech start-up
UNIQA Insurance Group invests EUR 1 million into the Czech fintech company TWISTO as part of a EUR 5 million series A investment round with Lead investor ING Group taking EUR 4 million.
12 October 2017SCOR estimates net losses of EUR 430 million from recent catastrophes
French reinsurer SCOR has announced that it expects net losses of EUR 430 million - after retrocession and tax, from recent Harvey-Irma-Maria hurricanes and Mexico earthquakes.
12 October 2017A.M. Best downgrades credit ratings of GENERALI Lebensversicherung A.G.
A.M. Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to "a-" from "a" of GENERALI Lebensversicherung A.G. (Germany). Concurrently, A.M. Best has placed these Credit Ratings (ratings) under review with negative implications.
12 October 2017Vienna Insurance Group launches an insurtech supporting programme
Austrian insurer Vienna Insurance Group (VIG) announced it launched a collaboration program with the Leipzig-based Insurance Innovation Lab and SpinLab - The HHL Accelerator, on the lookout for promising insurtechs.
5 October 2017Willis Towers Watson: new reinsurance hub for the German speaking regions
Willis Towers Watson has launched a new hub to focus on facultative reinsurance business across the German-speaking 'DACH' region of Germany, Austria, and Switzerland.
5 October 2017Slovak Telekom and Generali : new co-branded product for mobile phones
Slovak Telekom has launched in cooperation with the insurance company GENERALI a new insurance service for mobile phones up to two years old, announces the Slovak press.
5 October 2017CROATIA Osiguranje: "Green light" to take over the Croatian subsidiary of BNP PARIBAS
CROATIA Osiguranje (CO) has received the approval from Croatian Financial Market Authority (HANFA) to acquire more than 50 % of the shares of the local French unit of BNP PARIBAS - CARDIF Osiguranje.
4 October 2017GENERALI will put into run-off GENERALI Leben portfolio as of Q1 2018
Italian insurer GENERALI announced GENERALI Deutschland, Germany's second-largest primary insurance group, will launch "the next phase of its industrial transformation to strengthen its operating performance and increase long-term value creation".
4 October 2017Aon's acquisition of PORTUS Consulting approved by FCA
The risk and insurance brokerage services provider AON said that the Financial Conduct Authority (FCA) has approved Aon's purchase of PORTUS Consulting - an independent UK-based employee benefits firm.
4 October 2017Azeri ATESHGAH Insurance appoints Azer ALIYEV as Chairman of the Board
Azer ALIYEV was appointed as new Chairman of the Board of ATESHGAH Insurance company, the company announced on October 2nd.
4 October 2017AIG announced changes to its organizational structure
American International Group (AIG) announced that it is planning to make changes to its organizational structure.
4 October 2017Chris PARSONS to join TRUST Re's Board of Directors
Reinsurer TRUST Re announced the appointment of Professor Chris PARSONS as an independent non-executive Director for a full 3-year term.
4 October 2017Hungarian CIG Pannonia Life has announced a reduction in its share capital
CIG Pannonia Life Insurance decided on the decrease of the Company's capital by HUF 13,333,320 with the purpose of equity withdrawal, a company press release has announced.
28 September 2017VIG Re opens a branch office in Frankfurt
VIG Re will open its first branch office, based in Frankfurt am Main, Germany. The new operation will start September 29, 2017 to assume non-life treaty reinsurance business.
28 September 2017Bulgarian EUROINS Insurance Group launched Boosts! it's FinTech initiative
Bulgarian EUROINS Insurance Group (EIG) has launched Boosts! EIG's FinTech initiative. The initiative is meant helping EIG to compete with the largest players in the industry in pursuing the Group strategic goal of becoming "the largest independent insurance group in CEE and SEE".
28 September 2017The SCOR Corporate Foundation for Science announced the winners of two risk economics awards
During the 44th annual seminar of the European Group of Risk and Insurance Economists (EGRIE), two awards sponsored by the SCOR Corporate Foundation for Science and the SCOR group were presented.
21 September 2017HANNOVER Re and TALANX warn on FY2017 profit after recent catastrophes
German reinsurer Hannover Re said that the FY 2017 targeted Group net profit of more than EUR 1 billion may not be achieved, due to claims from a series of hurricanes and an earthquake in Mexico.
21 September 2017MUNICH Re expects hurricane losses to prevent it reach the 2017 profit target
High losses produced by hurricanes Harvey and Irma may negatively impact upon MUNICH Re's profit in 2017, preventing the German reinsurer to achieve its financial objectives for the current year, a group's press release show.
14 September 2017GENERALI Group sells its Dutch operations to ASR Nederland for EUR 143 million
GENERALI Group has agreed to sell its Dutch operations to to Netherlands-based insurer A.S.R. Nederland, for a total consideration of about EUR 143 million, both companies have announced.
14 September 2017S&P's confirms Triglav Group's "A" rating
On 8 September 2017, S&P Global Ratings confirmed the "A" long-term credit rating and financial strength rating of the TRIGLAV Group. Both credit ratings have a stable medium-term outlook.
14 September 2017
