News - Re/Insurance groups

Allianz plans new SB appointments

The Supervisory Board of Allianz SE intends to propose to the Annual General Meeting on May 8, 2024 that Jorg Schneider and Stephanie Bruce be newly elected to the Supervisory Board of Allianz SE as shareholder representatives.

NN Life completes two longevity transactions

NN Group announced that its subsidiary NN Life has completed two transactions to transfer the full longevity risk associated with in total approximately EUR 13 billion of pension liabilities in the Netherlands. The deals will reduce NN’s exposure to longevity risk and thereby further strengthen NN’s capital position.

Almost 14 million Brits to book a holiday during the YE holiday

New research published by Aviva before January 1st, reveals that 13.9 million Brits planned to search or book a holiday during the festive season (24 December 2023 – 2 January 2024), with top reasons including saving money on holiday deals and having something to look forward to.

Swiss Re Corporate Solutions appoints Michael Rüsch as Head DACH

Swiss Re Corporate Solutions appoints Michael Rüsch as Head DACH*, effective 1 April 2024. In this newly created role, Mr. Rüsch will be responsible for managing Swiss Re Corporate Solutions' strategy, development and performance in the German, Swiss and Austrian commercial insurance markets.

EIG elected new management and Board of Directors

Bulgarian Euroins Insurance Group (EIG), part of Eurohold Bulgaria, elected a new Board of Directors, composed of Assen Christov, Kremena Pateva, Todor Danailov and Irena Lalova, as the Bulgarian insurer informed in a statement.

Munich Re announces profit target of EUR 5 billion for 2024

German re/insurer Munich Re is aiming for a net profit of EUR 5 billion in 2024 “thanks to consistently good operational performance in all business segments”. At the same time, Group insurance revenue is expected to reach EUR 59 billion in 2024 and return on investment to improve noticeably to above 2.8%.

Lloyd’s financial strength rating upgraded by S&P

Global re/insurance marketplace Lloyd’s announced that ratings agency Standard & Poor’s (S&P), has revised its financial strength rating to ‘AA–’; outlook stable, from ‘A+’; outlook stable.

Swiss Re acquires Fathom to complement its own capabilities in the field of flood perils

Swiss Re announced today that it has acquired Fathom, a leading provider of water risk intelligence and flood models, based in Bristol, UK. Through this transaction, Swiss Re's Reinsurance Solutions division gains valuable expertise and a robust set of products, complementing its own data and risk capabilities in the field of flood perils – a major driver for constantly rising losses from natural catastrophes globally.

Nina KLINGSPOR appointed as the new CEO of Central Europe for Allianz Group

Nina Klingspor was appointed as the new CEO of Central Europe for Allianz Group, taking over from Petros Papanikolaou who will be appointed as the new CEO of Allianz Global Corporate & Specialty SE (AGCS), with additional responsibility for leading Allianz Commercial globally. Both changes are effective as of January 1, 2024, subject to approval by the relevant corporate bodies.

Fitch has affirmed ‘B+’ with stable outlook to Euroins Bulgaria

Fitch Ratings has affirmed ‘B+’ Insurer Financial Strength Rating with stable outlook to Insurance Company Euroins AD (Euroins Bulgaria), the largest subsidiary of Euroins Insurance Group AD (ЕIG), as well as to EIG Re AD, the reinsurance company of the group, as the Bulgarian holding Eurohold – the owner of Euroins, announced in a statement.