 TOP
NEWS |
Join the debate event "Economies on the post-Covid recovery road - A Romanian view" - Thursday, 9 July, on Zoom and YouTube
by XPRIMM, 2020-07-08
XPRIMM and CFA Society Romania will host this evening the first international edition of the debate events series XPRIMM Time for Business, under the titles "Economies on the post-Covid recovery road - A Romanian view". The debate will be hosted on the Zoom meeting platform and broadcasted on YouTube, on July 9, starting 18.00 hours EEST.
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Insurance Europe calls for improvements to EU rules to support aims of Capital Markets Union
by press.release, 2020-07-07
Insurance Europe has published its response to a consultation by the European Commission on the Capital Markets Union (CMU) High Level Forum's (HFL) final report.
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Insurance Europe responds to EC consultations on Solvency II and IDD sustainability amendments
by press.release, 2020-07-08
Insurance Europe has published its responses to consultations by the European Commission on draft amendments to Solvency II and the Insurance Distribution Directive (IDD) regarding the integration of sustainability risk and factors.
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AM Best: Marsh & McLennan ranked first in 2019 Top Global Insurance Brokers by revenue
by press.release, 2020-07-07
Marsh & McLennan cemented its first-place position in Best's Review's Top Global Insurance Brokers ranking with the acquisition of Jardine Lloyd Thompson Group in 2019. Marsh's total revenue jumped to USD 17 billion compared to 2018's USD 14.95 billion.
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ASF announced the start of the BSR of the Romanian insurance sector in the second half of 2020
by Andrei Victor, 2020-07-08
The Financial Supervisory Authority of Romania (ASF) together with the European Insurance and Occupational Pensions Authority (EIOPA), announce the start of the Balance Sheet Review of the Romanian insurance sector in the second semester of 2020.
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Flood Re urges a 'build back better' recovery after unprecedented year
by press.release, 2020-07-08
This year, Flood Re processed more claims and paid out more than in the first three years of operation combined. In 2019/20, Flood Re incurred claims at a gross cost of GBP 160 million - ten times higher than the previous year.
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AXA publishes its 4th Climate Report
by press.release, 2020-07-07
AXA announced the publication of its 4th Climate Report. The document describes AXA's responsible investment and insurance initiatives in the fight against climate change and measures the Group's progress in implementing the objectives of the Paris Agreement by 2050.
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Zurich Innovation Championship announced the 8 finalist of the contest
by press.release, 2020-07-07
In a battle of big ideas, eight of the best and brightest startups competing in the Zurich Innovation Championship 2020 have been selected to advance to the final in October.
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Chubb estimates 2Q2020 global net catastrophe loss at USD 1,807 million pre-tax
by press.release, 2020-07-07
Chubb Limited announced global net catastrophe loss estimates for the second quarter of 2020 of USD 1,807 million pre-tax, or USD 1,510 million after tax. These estimates include COVID-19 global pandemic losses of USD 1,365 million pre-tax (USD 1,157 million after tax), and other natural catastrophe losses of USD 312 million pre-tax (USD 249 million after tax)
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Hiscox: Firms increased their cyber security spending by 39% in the past year
by press.release, 2020-07-08
Cyber losses among businesses targeted in the past year have risen nearly six-fold, from a median USD 10,000 per firm to USD 57,000, one of the latest reports from Hiscox says. However, there are signs firms are responding with more rigorous security measures and higher spending, which increased 39%.
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UNIQA issues two bonds: "AXA purchase" and "green bond"
by Andrei Victor, 2020-07-06
UNIQA has successfully placed two bonds with a volume of EUR 800 million - EUR 600 million to fund its purchase of AXA CEE subsidiaries and EUR 200 million in a green bond format. "Investor's demand for the offering was exceptionally high with the senior bond being more than 5 times oversubscribed and the Green Tier II issuance more than 9 times", as the Austrian insurer mentioned in a statement.
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Generali involves over 30 thousand people with The Human Safety Net's programs
by press.release, 2020-07-07
The Human Safety Net, Generali's global initiative for unlocking the potential of people living in vulnerable contexts, has published a first activity report, sharing its two-year journey of growing Generali's social impact in the communities where the Group is present in Europe, Asia and Latin America.
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Generali concluded the placement of its second green bond
by press.release, 2020-07-07
Assicurazioni Generali S.p.A. (Generali) has placed a new Euro denominated Tier 2 bond due in July 2031, issued in the form of green bond pursuant to the terms of the Offeror's Green Bond Framework.
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Zurich Insurance Group creates a WellCare business to accelerate the group's existing health and wellbeing initiatives in markets around the world
by press.release, 2020-07-08
Zurich Insurance Group has created a WellCare business to accelerate the Group's existing health and wellbeing initiatives in markets around the world and apply a global approach to their development. The new business aims to provide retail, SME and commercial insurance customers with unique health and wellness solutions tailored specifically to their needs.
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AZERBAIJAN: Coface: CIS countries ranged from relatively high to very high economy default risk
by Marina MAGNAVAL, 2020-07-08
Coface, an international insurance company, one of the global leaders in insurance of risks associated with trade and foreign economic activity, conducted a risk assessment in thirteen sectors of the global economy, Trend reports.
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RUSSIA: returns under accumulative insurance contracts of SBERBANK Life insurance in 2019 reached 8.15%
by Marina MAGNAVAL, 2020-07-03
At the end of 2019, returns on investments under accumulative life insurance contracts of SBERBANK Life insurance amounted to 8.15% for policies denominated in rubles and 3.62% for policies denominated in dollars, the insurer said in its press release.
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RUSSIA: in June 2020, the number of paid claims of SBERBANK Life insurance increased by 30% y-o-y
by Marina MAGNAVAL, 2020-07-07
In June 2020, total amount of insurance claims paid by SBERBANK Life insurance exceeded RUB 880 million (*EUR 11.14 million), which is 53% more than in June 2019. At the same time, the number of claims paid increased by 30% y-o-y, the insurer said in its press release.
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UKRAINE: the number of e-MTPL policies for the first half of 2020 increased by 224% y-o-y
by Marina MAGNAVAL, 2020-07-08
For the first half of 2020, the number of e-MTPL policies exceeded 1.3 million units, which is 224% more y-o-y. GWP under these e-contracts amounted to UAH 1.12 billion/~EUR 37.5 million* (+228% in local currency), as the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) said in its press release.
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| CONTRIBUTORS |
 Weathering
the storm - crisis lessons for climate resilience
by XPRIMM, 2020-07-08
Author: Urs Baertschi, Chief Executive Officer Reinsurance EMEA
/ Regional President EMEA, Swiss Re
Over the last few months, the world has been jolted
awake by the widespread and devastating impact of an unprecedented
global crisis in the context of Covid-19. We have seen first-hand
the terrible consequences from taking a "just in time" approach. We have also learned the importance and value of "just in case" risk management and the need for preparation before disaster strikes. Now we
must apply these lessons to another global crisis currently underway,
that of climate change, and the re/insurance industry has a major
role to play.
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| ON
THE MOVE |
POLAND: Tomasz Borowski named president of Vienna Life
by press.release, 2020-07-07
During the last meeting, the supervisory board of Vienna Life accepted the resignation of Pawel Ziemba, chairman of the board, and Witold Czechowski, a member of the board, from performing his current functions with effect as of September 30, 2020. Tomasz Borowski will be the new president of the board.
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GENERALI announced top management changes in GENERALI Poistovna, Slovakia
by Andrei Victor, 2020-07-06
GENERALI announced that Georg ENGL stepped down from his positions as Chairman of the Board of Directors and CEO in GENERALI Poistovna, in Slovakia for private reasons and has left GENERALI Group to pursue other professional opportunities.
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AVIVA: TULLOCH retired. Amanda BLANC appointed as new CEO
by Andrei Victor, 2020-07-08
AVIVA announced the appoitment of Amanda BLANC as Chief Executive Officer of Aviva with immediate effect. "For family health reasons Maurice TULLOCH, the previous Chief Executive, has today stepped down from the role and retired from his position on the AVIVA Board", as the UK insurer mentioned in a statement. TULLOCH joined the AVIVA plc Board in 2017 and was appointed as Chief Executive in March 2019.
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