News - Re/Insurance groups

Zaffino to assume additional role of Chairman of the AIG BoD effective January 1, 2022

American International Group announced that Peter Zaffino, President & Chief Executive Officer, will assume the additional role of Chairman of the Board of Directors, effective January 1, 2022. As previously announced, Brian Duperreault, currently Executive Chairman, will retire from the Board of Directors at year end 2021.

SCOR announces changes to its Group Executive Committee

SCOR announces changes to its Group Executive Committee that reflect "the importance of transformation and sustainability in the next phase of its strategic development". The new composition, proposed by Laurent ROUSSEAU, Chief Executive Office of SCOR, was supported by the Nominations Committee of the Board of Directors and approved by the entirety of the Board.

John Coletti joins Swiss Re as Head of Global Cyber

Global reinsurer Swiss Re announced plans to create a central cyber underwriting team. John COLETTI will join Swiss Re as Head of Global Cyber. Maya BUNDT, the current Head of Cyber Solutions, has decided to take on a newly created role at the Swiss Re Institute's Cyber Centre of Competence.

Vienna Insurance Group and AfB celebrate ten years of collaboration

The Vienna Insurance Group (VIG) formed a partnership with AfB (Arbeit fur Menschen mit Behinderung / work for people with disabilities), Europe's largest non-profit IT company, in 2011. In 2020 alone, the Austrian VIG companies helped to conserve 213,040kg of raw materials and avoid 630,936kg of greenhouse gas emissions by passing on used IT devices to AfB; five new inclusive jobs were also created.

WTW selects Andrew Krasner as new CFO

Global broker Willis Towers Watson announced that it has selected Andrew KRASNER as the company's new Chief Financial Officer (CFO) succeeding Michael BURWELL. Andrew KRASNER returns to Willis Towers Watson after driving financial strategy and performance as the CFO of AssuredPartners, Inc.

Groupama Biztosito enters the Croatian market

French insurer Groupama announced its Hungarian subsidiary - GROUPAMA Biztosito finalized the acquisition of 100% of the shares of the Croatian insurance company OTP Osiguranje from OTP Banka d.d., Croatian subsidiary of OTP Bank.

Czech Rep.: Lenka KEJIKOVA received the "green light" from CNB as CEO of Generali Pension Company

Italian group GENERALI announced that the Czech National Bank (CNB) approved the appointment of Lenka KEJIKOVA as new CEO of Generali pension company (GPS) in the Czech Republic and a member of its Board of Directors. She was nominated last 1st of July taking over the role from Radek MOC, who is now focusing on his function as Head of Strategy in the Austria, CEE & Russia Region.

BiH: UNIQA shows continuous growth in 2021

In H1 2021, UNIQA BiH achieved a growth of 19.7% and a total premium of BAM 35.7 million (~EUR 18.7 million), which positions the company on top of the insurance market, according to the total realized premium, as the Austrian insurance group UNIQA announced in a statement.

Achmea: H1 Operational result increases to EUR363 million

Dutch financial group Achmea announced its H1 2021 operational result increased to EUR 363 million compared to EUR 127 million in the first half year of 2020. "A good start, but uncertainties remain in the second half of the year", said Bianca TETTEROO, Chair of the Executive Board.

Arthur J. Gallagher & Co. to acquire WTW's Treaty Reinsurance brokerage operations

Arthur J. Gallagher & Co. recently announced an agreement to acquire the treaty reinsurance brokerage operations of Willis Towers Watson plc for a total consideration that may reach USD 4 billion. The transaction is subject to customary regulatory approvals and expected to close during the fourth quarter of 2021.

NN Group posted H1 net profit of EUR 1.41 billion

At the end of June 2021, the NN Group's net profit increased to EUR 1.41 billion compared with EUR 587 million in the first half of 2020. At the same time, the Dutch financial group noted that the operating result increased to EUR 1.12 billion from EUR 926 million in the first half of 2020, "with almost all segments reporting higher results".