News - Insurance

Hannover Re sells its stake in HDI Global Specialty to HDI Global

Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE effective 31 December 2021, thus underscoring its strategic positioning as a pure reinsurer also freeing up previously committed risk capital to be used for the company's core business growth.

Aon's Fireside Chat: 'The wave is coming' for climate action

Since consumers and businesses by default trust their insurer, the insurance industry could use its voice to promote decarbonization initiatives, beyond just offering insurance products, was one the highlights of the 'Managing an evolving climate' panel debate hosted by Aon plc as part of its Virtual Reinsurance Renewal Season fireside chats.

ICEYE announces flood hazard analysis agreement with McKenzie Intelligence Services

ICEYE, a leader in monitoring with radar satellite imaging and provider of flood hazard data, announced an agreement with McKenzie Intelligence Services (MIS) providing flood hazard analysis throughout active flood events to support the company in its delivery of property loss numbers to the Lloyd's market via the MIS Global Events Observer (GEO) platform.

Insurance Europe affirms its unequivocally support for COP26

Insurance Europe unequivocally supports the global momentum to combat climate change that is the focus of COP26, as well as the goals of the Paris Agreement, the European Green Deal and Europe's targets to reduce its greenhouse gas emissions by 55% by 2030 and achieve a net-zero economy by 2050.

POLAND: S&P Global Ratings rated PZU at A-

On November 3, S&P Global Ratings affirmed the rating of the PZU Group at A- with a stable outlook. According to the agency, the company maintained good financial results and a stable capital position, and the group's dominant market position, recognizable brand and diversified structure will allow for continued growth, both on local and foreign markets, Gazeta Ubezpieczeniowa reports.