Dutch insurance group Aegon announced it has sold its exposure as an investor to Russia. On March 8 of this year, shortly after the Russian invasion of Ukraine, Aegon announced that it had started winding down its already negligible investments in Russia.
Allianz Capital Partners, on behalf of Allianz insurance companies, has signed an agreement to acquire a minority stake in the Finnish project developer Ren-Gas.
Kees van Kalveen, CFO at Nationale-Nederlanden Bank (NN Bank) will leave the company on 1 January 2023 to pursue his career outside Nationale-Nederlanden. The Dutch bank announed it has already started the process to find a successor.
Allianz Global Corporate & Specialty's (AGCS) announced Martin Zschech, current Regional Head of Distribution - CEE region, will be appointed Global Head of Industry Solutions & Client Management effective January 1, 2023.
Moreland Murray, Chief Inclusion & Diversity Officer at Marsh McLennan, has been recognized by Savoy magazine as one of 2022's Most Influential Black Executives in Corporate America.
Global reinsurer Swiss Re proposes to elect Vanessa Lau and Pia Tischhauser as new Board members at the 2023 AGM, on 12 April. Current Board members Renato Fassbind and Susan L. Wagner will not stand for re-election, the reinsurer informed.
The Talanx Group announced is significantly raising its sights for the next three years with its new Strategy 25: "the goal is for the Group's return on equity to permanently exceed 10%".
Slovenian Zavarovalnica Triglav announced on the Ljubljana Stock Exchange website
the resignation of Supervisory Board (SB) members Branko Bracko and Peter Kavcic, after receiving their resignation notifications on 9 December.
"From a business perspective, it is important to understand that ESG not as a luxury, it is not Louis Vuitton of the insurance sector, it is the textile bag that you need every day to do shopping, so it is really something fundamental that is of use," Dieter Pscheidl, Head of European Affairs and ESG for Vienna Insurance Group (VIG) explained in second episode of the XPRIMM TIME FOR BUSINESS series dedicated to ESG issues.
The international rating agency Standard & Poor's (S&P) once again confirmed Vienna Insurance Group's (VIG) rating of "A+" with a stable outlook in its press release on 1 December 2022. Vienna Insurance Group thus remains one of the companies with the best rating in the Austrian Traded Index (ATX) of the Vienna Stock Exchange.
Zurich Insurance Group (Zurich) announced that its subsidiary Zurich Investments Life S.p.A. has completed the sale of its life and pensions back book, composed of both traditional and unit-linked policies, to the Portuguese insurance company GamaLife - Companhia de Seguros de Vida, S.A. (GamaLife).
Hartwig Loeger will become CEO of the Vienna Insurance Group, with Peter Hoefinger as his deputy starting 1 July 2023. At their own request, Elisabeth Stadler and Peter Thirring will not extend their mandates, which expire on 30 June 2023, due to planned retirements.
"ESG or sustainability is not a short-term trend, but a structural change, one that we have hardly ever seen in the economic history throughout the last decades," stated Dieter Pscheidl, Head of European Affairs and ESG for Vienna Insurance Group (VIG) in the opening of the first episode of the XPRIMM TIME FOR BUSINESS series dedicated to ESG issues.
Italian Group Generali recognized as "Top performer" among European companies in providing governance-related information as well as in sustainability disclosure. The Group is in the European Top 10 of Webranking.
According to an announcement published on Ljubljana Stock Exchange website, David BENEDEK, Board Member, Zavarovalnica TRIGLAV will leave its position on 1 December 2022.
The value of insurance premiums collected by the PZU Group throughout the first three quarters of 2022 exceeded PLN 19 billion (~EUR 4.05 billion), 4.3% up y-o-y. In Q3 alone, GWP growth rate was the highest in a year (12.1% y-o-y), thanks to the rapidly growing sales of non-life insurance, motor insurance in particular.
SCOR Investment Partners, announced the launch of a new corporate loan fund focused on environmental sustainability and the preservation of natural capital: SCOR Euro Loans Natural Capital, thus reaffirming its position as a responsible investor focused on increasing its sustainability linked platform.
SCOR d the appointment of Emma Bartolo as the Global Segment Leader for its Environmental Impairment Liability (EIL) insurance portfolio. She will join SCOR in February 2023.
The rating agency Fitch Ratings has upgraded to "stable" the outlook of Euroins Insurance Group (EIG), the insurance division of the Bulgarian holding - Eurohold.
Lloyd's - the world's leading insurance and reinsurance marketplace, announced that claims to the Lloyd's market arising from Hurricane Ian are estimated to be in the range of USD 2.3 billion - USD 3 billion net of reinsurance, based on Q3 data provided by Lloyd's syndicates.