News - Re/Insurance groups
PartnerRe announced collaboration with machine learning company Ladder
PartnerRe announced that it has established a new partnership with Ladder, a pioneered in the use of machine learning to instantly underwrite life insurance online. The result is a streamlined, ten-minute digital process and affordable pricing to help modern consumers care for their families.
30 October 2020BULGARIA: The Commission for Protection of Competition approved Eurohold's acquisition of CEZ subsidiaries
Bulgaria's Commission for Protection of Competition (CPC) granted approval to Eurohold Bulgaria to acquire the subsidiaries of CEZ Group in Bulgaria. The acquisition will be carried out through the specially set up Eastern European Electric Company B.V. (EEEC), 100% owned by Eurohold.
30 October 2020AEGON to leave CEE markets, rumors say
Dutch insurer AEGON has put its CEE units - including Poland, Romania, Hungary and Turkey -, up for sale, Reuters wrote citing sources close to insurer.
29 October 2020Vienna Insurance Group - celebrating 30 years of CEE history
The last 30 years meant for Vienna Insurance Group traveling a road that led it from an Austrian pioneer to an international market leader in the CEE region. Today, VIG's business card shows: 30 countries, around 50 insurance companies, more than 22 million customers and a premium volume of over EUR 10 billion.
29 October 2020Swiss Re joins The Trinity Challenge putting its data and analytics platform at the service of global health
Swiss Re is joining The Trinity Challenge, a global coalition that aims to better predict and prevent outbreaks, epidemics and pandemics by harnessing the power of data and analytics. Swiss Re has integrated COVID-19 related health, economic and social data in one unique platform: the Risk Resilience Center.
29 October 2020Tomasz Rowicki steps down from VIG Re's Board of Directors
Tomasz Rowicki will resign from his function as a member of the VIG Re Board of Directors in order to take up a new management position within a company of Vienna Insurance Group in Poland, effective 1 January 2021.
27 October 2020AVIVA named two Non-Executive Directors
AVIVA announced the appointment of Mohit JOSHI and Jim MCCONVILLE as Independent Non-Executive Directors of the Company with effect from 1 December 2020.
26 October 2020MUNICH Re posts Q3 profit result of about EUR 200 million
Global reinsurer MUNICH Re announced that during the third quarter of 2020, it registered COVID-19 related losses totaling about EUR 800 million in reinsurance. "The losses were attributable to various business lines, such as insurance for major events and other property-casualty lines, and the life and health business".
26 October 2020QBE Insurance appoints Richard PRYCE as Interim CEO
QBE Insurance Group announced that Richard PRYCE will assume the role of Interim Group Chief Executive Officer while the company searches for a permanent replacement.
26 October 2020Swiss Re Capital Markets structures and places USD 775 million catastrophe bond for California Earthquake Authority
Reinsurer Swiss Re announced Swiss Re Capital Markets structured and placed the issuance of USD 775 million of insurance-linked securities (ILS) by Ursa Re II Ltd, to be used for the protection of the California Earthquake Authority (CEA).
26 October 2020TALANX to increase its business volume in Italy by EUR 300 million by acquiring non-life insurer AMISSIMA Assicurazioni
The German insurance group TALANX announced is expanding its business in Italy by acquiring through HDI Assicurazioni, a subsidiary of HDI International AG, the TALANX Group's Retail International Division - all the shares of Italian non-life insurer AMISSIMA Assicurazioni from AMISSIMA Holdings (indirectly owned by investment funds managed by affiliates of APOLLO Global Management, Inc.)
26 October 2020AM Best affirmed Triglav's Financial Strength Rating and Long-Term Issuer Credit Rating
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of Zavarovalnica Triglav d.d. (Triglav), the operating holding company of the Triglav group, and Pozavarovalnica Triglav Re, d.d. Ljubljana (Triglav Re), a wholly owned subsidiary of Triglav.
21 October 2020Maksym Shylov appointed as GrECo's Group Practice Leader
GrECo announced Maksym Shylov's appointment as Group Practice Leader. He will be responsible for the strategy and development of this Specialty in all GrECo Group countries, including Poland where he will be located.
21 October 2020GREECE: The ETHNIKI investor to include in contract a target clause
National Bank of Greece is in advanced talks with CVC Capital Partners about the sale of ETHNIKI Insurance - the largest insurance company in Greece. The value of the transaction of sale of 80% of Greek insurer - mentioned by media is around EUR 460-480 million.
20 October 2020Mario CARINI, GENERALI: This year we are focused on strengthening our footprint on the Croatian market
Mario CARINI, CEO and President of the Management Board of GENERALI business units in Croatia pointed out in an interview - published on GENERALI CEE website given for Svijet osiguranje - all the turbulent challenges that marked the Croatian insurance market since its appointment in December 2019.
20 October 2020COVID-19 claims notifications outweigh reduced activity during lockdown
The coronavirus pandemic and resulting lockdowns have had a significant impact on commercial and specialty lines of insurance, both in terms of claims volumes and financial impact, according to the Report "Covid-19: Changing claims pattern", released by AGCS - the corporate insurance carrier of ALLIANZ Group.
19 October 2020Lloyd's of London makes GBP 12 million charitable donations in response to Covid-19
Lloyd's of London announced it has made charitable donations totaling GBP 12 million to 197 charities worldwide, to support customers and communities - in response to the global spread of COVID-19.
19 October 2020AM Best affirms A-level credit ratings of SAVE Re, outlook stable
Slovenian SAVA Re announced the rating agency AM Best affirmed the financial strength rating of the company of "A" (Excellent) and its long-term issuer credit rating of "a", both with a stable outlook.
19 October 2020AXA has completed the sell of last CEE operations to UNIQA for EUR 1.0 billion
French insurer AXA it has completed the sale of its Life & Savings, Property & Casualty and Pension businesses in Poland, Czech Republic and Slovakia to Austrian UNIQA Insurance Group, for a total cash consideration of EUR 1.0 billion.
19 October 2020Employer medical benefit costs to more than triple the rate of inflation globally in 2021
The costs of employer medical benefits across the world are forecasted to rise 7.2% in 2021, outpacing general inflation by 5.0%, according to the "2021 Global Medical Trend Rates Report" released by AON
19 October 2020XPRIMM Newsletter
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