News - Re/Insurance groups

QIC Group appoints Hasan Al-Lawati as the new CEO for Oman branch

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.

Swiss Re Group: "We expect that COVID-19 will remain an earnings and not a capital event for the Group"

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.

Munich Re, Porsche and MHP founded "FlexFactory" joint venture

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 a higher business volume and a lower profit in the first nine months of 2020

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.