After 25 years with SCOR, Sylvie Van Viet will retire in the first quarter of 2022, as the French reinsurer announced in a press release.
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.
Reinsurance broker Guy Carpenter (GC) part of Marsh McLennan (MMC) announced the appointment of Quentin Perrot as Managing Director, GC Securities, with immediate effect.
At the annual Investor Day taking place on September 8th, SCOR's Executive Committee, led by Laurent Rousseau, Chief Executive Officer, have presented an overview of the extension of the Group's "Quantum Leap" strategic plan, which will run until the end of 2022.
Global P&C premiums are expected to more than double to USD 4.3 trillion in 2040 from USD 1.8 trillion in 2020, as the P&C portfolio composition is expected to shift from lower-risk motor insurance towards higher-risk property and liability lines, according to Swiss Re Institute's sigma study.
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.
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.
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.
French Groupama's combined financial statements for the 1H2021 show a combined premium income of EUR 10.1 billion, up by +8.8% y-o-y. Business was up significantly in life and health insurance (+16.7%) with premium income reaching EUR 4.7 billion. In property and casualty insurance, the Group generated EUR 5.3 billion in premium income, up +2.3% y-o-y.
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.
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.
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.
Global broker Aon announced new regional leadership roles in Reinsurance Solutions "to further strengthen the team and enhance local reach".
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.
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.
Dutch insurer Aegon posted Q2 2021 net result of EUR 849 million reflecting "strong operating result and fair value gains on investments from favorable market movements"
Sava Re published, according to the Rules of the Ljubljana Stock Exchange where the company is listed, the revised Corporate Governance Policy of Sava Re document, recently adopted by its management board.
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.
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".
Austrian insurer Vienna Insurance Group announced in a statement it launched together with C-Quadrat Investment Group a joint venture investment fund company in Poland: VIG / C-QUADRAT TFI S.A.