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.
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
GUY CARPENTER, the reinsurance broker of MARSH & MCLENNAN Companies, announced the launch of a new business unit GC ACCESS to provide dedicated MGA program business solutions.
MetLife announced a number of changes to its senior leadership team. All changes are effective on January 1, 2021, unless otherwise noted.
Swiss Re and DAIMLER Insurance Services have entered into a strategic partnership for automotive and mobility insurance and launched a new company called MOVINX.
In view of the selected probable scenario of business conditions in 2021, Slovenian TRIGLAV Group plans to increase its consolidated gross written premium to EUR 1.2-1.3 billion and its profit before tax to EUR 85-95 million.
Stefan GOLLING (44) was appointed by the Supervisory Board of Munich Reinsurance Company to the Munich Re Board of Management as of 1 January 2021. He will take over the management of the Global Clients and North America Division.
Willis Towers Watson, a leading global advisory, broking and solutions company, announced the appointment of Tony ROOKE as Director of Climate Transition Risk in the organization's Climate and Resilience Hub (CRH).
At a meeting chaired by Gabriele Galateri di Genola, the Assicurazioni Generali Board of Directors approved the adoption of the new Corporate Governance Code, approved by the Italian Corporate Governance Committee and published on 31 January 2020.
Bence HOLLO will be appointed Chief Executive Officer (CEO) of NN Hungary, effective 1 December, subject to regulatory approval, as the Dutch insurance group announced in a statement.
The seventh edition of its Future Risks Report recently published by French insurer AXA highlights health as a major issue moving pandemic risk into top spot.
AIG Life & Retirement, a division of American International Group, Inc., announced the appointment of Alan SMITH as Head Of Human Resources effective immediately. He succeeds Liz CROPPER who is moving to AIG's General Insurance business as chief human resources officer.
GUY CARPENTER - the reinsurance broker of Marsh & McLennan Companies, announced the appointment of Melissa HARTSHORN as Chief Human Resources Officer, effective immediately.
Dutch financial group AEGON announces the sale of STONEBRIDGE, a UK-based provider of accident insurance products. Total proceeds amount to approximately GBP 60 million (EUR 65 million).
AM Best has reaffirmed International General Insurance Holdings Ltd. (IGI) financial strength ratings at A (Excellent) with a Stable outlook. The ratings apply to IGI's two subsidiaries: International General Insurance Co. Ltd. (Bermuda) and International General Insurance Company (UK) Ltd.
Swiss Re Corporate Solutions announced a partnership with Hitachi Europe Ltd., collaborating in an integrated insurance-based offerings for the digital era. The companies will launch a new industry solution that helps organisations accelerate their digital transformation while minimising the risks, as organisations increasingly depend on Artificial Intelligence (AI) powered automation for critical business processes and operations.
On 1 October, the Management Boards of Generali osiguranje, company registered in Croatia, and Generali zavarovalnica dd, Zagreb Insurance Branch (formerly Adriatic Slovenica Zavarovalna druzba dd, Zagreb Branch) signed the Minutes on the conclusion of the transaction that will reunite under one roof all the Croatian business of the Italian group.
The Polish Financial Supervision Authority (KNF) decided on October 2, 2020 to appoint Beata KOZLOWSKA-CHYLA for the position of President of the Management Board of PZU SA, a position that she held on interim basis since the resignation of Pawel SUROWKA.
As of October 1, Robert VRCA has taken over the position of Chairman of the Board and CEO of the Croatian subsidiary of the Austrian Merkur Versicherung AG. He is a member of the Board since July 2017.
Massimiliano Ottochian has been appointed Group Head of Mergers & Acquisitions at Generali, reporting directly to the General Manager, Frederic de Courtois.