GrECo Specialty, a dedicated specialty unit of GrECo is further expanding its services for the energy sector. Due to the ever increasing importance of the power and renewables sector a dedicated division was established to better support our clients in this industry.
Qatar Insurance Group recently announced the appointment of Hasan Al-Lawati as the new CEO for its subsidiary Oman Qatar Insurance Company (OQIC). Lawati will focus on driving forward the strategic goals of OQIC and will facilitate its further growth and development in the Sultanate of Oman.
From January to September 2020, the Sava Insurance Group grew operating revenue by 16.4%, while the group's net profit went up by 26.4% year on year. Operating revenue generated by the Sava Insurance Group reached 76.5% of the full-year target set in the revised 2020 plan.
RMS together with Willis Re Securities and Securian Financial launched the new "La Vie Re Limited (Series 2020-1)" mortality catastrophe bond, providing USD 100 million of reinsurance protection for Minnesota Life Insurance Company, a Securian Financial affiliate.
Austrian insurer VIG announced in a statement that it expects gross profit for the full year 2020 to be in a range of EUR 300 - 350 million, subject to unpredictable volatilities on capital markets.
Aviva announced the sale of its entire 80% shareholding in the Italian life insurance joint venture, Aviva Vita S.p.A., to its partner UBI Banca. On completion, Aviva will receive about EUR 400 million in cash consideration.
For the next few years, The Management Board and the Supervisory Board of UNIQA Insurance Group AG has approved a strategy program named UNIQA 3.0 that will lead to expenses of about EUR 210 million, according to a press release.
On 19 November, Marsh has announced the appointment of Hamish Roberts as the Global Renewable Energy Leader, Marsh JLT Specialty. He will report to Andrew George, Global Head, Energy & Power, Marsh JLT Specialty.
Zurich Insurance Group (Zurich) notes media reports regarding a potential transaction with MetLife.Zurich confirms it is in discussions to acquire MetLife's U.S. P&C business.
During its Investors' Day, held on November 20, 2020, Swiss Re confirmed its over-the-cycle financial targets and delivered a positive outlook, based on improving market conditions and targeted growth opportunities across the Group's businesses. The Group will also intends to reiterate its capital management priorities, focusing on superior capitalisation and a stable or increasing dividend.
AVIVA plc announced that it has completed the sale of its entire shareholding in PT ASTRA AVIVA Life (Indonesia) to PT SEDAYA MULTI INVESTAMA.
In less than 60 days,
Generali Osiguranje Srbija, a leader in the Serbian insurance market, self-configured and launched the Snapsheet Appraisals with Serbian and English language options, according to a press release of Snapsheet.
The sports-car manufacturer Porsche, its management and IT consulting subsidiary MHP, and the insurance group Munich Re have founded a joint venture - the "FlexFactory" - company which aims to make the production of small series of all kinds of different products in the manufacturing industry more flexible and cost efficient.
Triglav Group has well faced the pandemic situation and recorded an increase of 6% (EUR 960.9 million) in consolidated gross written premium compared to the same period of 2019. Also, it stands by the already published annual profit estimates, with a lower percentage of 13% compared to the same period of 2019, but remained focused on its strategic guidelines, according to a press release.
Nanne Bos will join Aegon as Chief Communications Officer, as per January 1, 2021. Nanne will succeed Frans de Beaufort, who will be appointed from the same date as Global Head of Corporate Sustainability.
Generali has been confirmed in the Dow Jones Sustainability World Index (DJSI) and in the Dow Jones Sustainability Europe Index (DJSI Europe), recognition of its sustainability integration approach taken by the Group for its core business.
Standard & Poor's confirmed its "A+" rating for the Deutsche Ruckversicherung Group, Outlook "stable". The rating encompasses both Deutsche Ruckversicherung AG in Dusseldorf and Deutsche Ruckversicherung Switzerland Ltd (DR Swiss) in Zurich.
Willis Towers Watson (WTW) announced the acquisition of Acclimatise, a market leader in climate change adaptation advisory and analytics services, to help meeting the growing demands from corporates, Governments and financial institutions.
Dutch insurer ACHMEA announced is contributing about EUR 130 million from its reserves to limit the increase in its basic health insurance premiums for next year. This amount will be charged against the result for the financial year 2020.
Re/insurer CHUBB announced the appointment of John LATTER as Senior Vice President, Claims Director for the company's Europe and Eurasia & Africa regions.