TOP NEWS
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European insurers paid every day claims worth EUR 2.8 billion in 2020
by Daniela GHETU, 2022-03-24
In 2020, European insurers have paid every day claims worth almost EUR 2.8 billion, the most recent report published by Insurance Europe reveals. At the same time, European insurance industry proved being a huge long-term investor, with more than EUR 10.6 trillion invested in the economy.
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Austrian insurance sector posted significant growth in premiums in 2021
by Andrei Victor, 2022-03-21
During the 4th quarter of 2021, Austrian insurers posted an increase in premium volume of 5.62% to EUR 4.55 billion vs Q4 2020. For the full-year 2021 premium volume stood at EUR 19.76 billion, an increase of 3.56% or by EUR 680 million compared with the preceding year.
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POLAND: PZU and BOS are now partners in green bancassurance
by Marina MAGNAVAL, 2022-03-23
PZU Group, the largest financial institution in Poland and CEE with the first insurance company established in Poland, on March 21 signed a letter of intent with Bank Ochrony Srodowiska on establishment of the strategic cooperation in bancassurance, Gazeta Ubezpieczeniowa reports.
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NN Slovensko to invest in Finportal, one of the largest financial broker in Slovakia
by Andrei Victor, 2022-03-24
NN Slovensko, the Slovak business unit of Dutch insurance group NN, informed it has agreed to invest and to become the main shareholder of Finportal - "which is the number three in the financial intermediation market in terms of turnover" and "one of the fastest growing distribution companies in local financial market".
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ON THE MOVE
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Luciano Cirina, Donnet's competitor at the helm of the Generali group, suspended
by Daniela GHETU, 2022-03-24
Assicurazioni Generali has informed on 23 March that it has suspended Mr. Luciano Cirina, Austria & CEE (ACEE) Regional Officer, with immediate effect and until further notice. Giovanni Liverani, CEO of Generali Deutschland, will take over as interim ACEE Regional Officer with immediate effect.
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Ales BLAZEK is the new CEO at CSOB, Czech Business Unit of KBC Group
by Andrei Victor, 2022-03-21
Belgian financial group KBC announced that John HOLLOWS, CEO Czech Business Unit will retire after a career of nearly 26 years with KBC. At the same time, the Board of Directors has appointed Ales BLAZEK, the current CEO of KBC Bank Ireland, to the Executive Committee and successor to John HOLLOWS as CEO of the Czech Business Unit.
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Achmea appoints Michiel DELFOS as CRO & Board Member
by Andrei Victor, 2022-03-21
Dutch insurer Achmea announced that Michiel DELFOS will be appointed as a member of the Executive Board and Chief Risk Officer with effect from 12 April 2022. "He fills the vacancy that arose after Henk TIMMER recently stepped down. (...) Michiel's appointment will be discussed during Achmea's General Meeting on 12 April 2022".
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Board change at KBC Group
by Andrei Victor, 2022-03-21
Belgian financial group KBC informed the Board of Directors has decided to propose Alicia Reyes REVUELTA to the General Meeting of Shareholders as new non-executive, independent director on the Board of Directors of KBC Group and member of the Audit Committee and the Remuneration Committee of KBC Group.
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ERGO Group expands Board of Management
by Andrei Victor, 2022-03-21
German insurance group ERGO announced the Supervisory Board of ERGO Group AG has appointed Lena LINDEMANN to the company's Board of Management with effect from 1 July 2022. The appointment is subject to approval by the supervisory authorities.
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The retired GE head joins AIG's BoD
by Andrei Victor, 2022-03-21
American International Group (AIG) announced that its Board of Directors has elected John RICE as a Director of the company, effective March 17, 2022. John RICE (65) is the retired Chairman of GE Gas Power and former President and Chief Executive Officer of the GE Global Growth Organization.
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Changes in the ERGO HESTIA Management Board
by Andrei Victor, 2022-03-24
ERGO HESTIA, one of the largest insurers in Polish insurance market announced that, after 31 years, its Vice President - Grzegorz SZATKOWSKI will leave the company.
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STAND BY UKRAINE
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Munich Re withdraws from Russian business
by Daniela GHETU, 2022-03-22
Munich Re supports the sanctions against Russian economy. The Group will not renew existing contracts in Russia and Belarus, and new business has been suspended. The Group will do the same with its investments in the region, the German reinsurer said in a press statement.
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STATISTICS
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EVENTS
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CURRENT XPRIMM REPORTS
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