News - Re/Insurance groups

IGI reports a net profit of USD 20.7 million for first nine months of 2020

International General Insurance Holdings Ltd. (IGI) announced its financial results for the third quarter and first nine months of 2020. The unaudited figures show a net profit for the third quarter of 2020 of USD 9.5 million (3Q2019: 4.3) and a net profit for nine months ended of USD 20.7 million (9M2019: 19.2).

LANGENBACH to replace FOKKEMA on TALANX AG's Board of Management

Sven FOKKEMA, the member of TALANX AG's Board of Management responsible for the Retail International division, will leave the company by mutual agreement and on the best of terms as of 31 December 2020, as the German insurer announced in a statement.

Crawford & Company establishes cyber incident response hub for CEE

Crawford & Company announced the establishment of a cyber incident response hub for Central and Eastern Europe (CEE). The cyber operation comprises a central incident response hub located in Warsaw, Poland supported by a number of local cyber incident response managers in countries across CEE.

GC launches new Marine & Energy unit

Rinsurance broker GUY CARPENTER part of of Marsh & McLennan Companies announced the launch of a new Marine & Energy mutual, agency and captive reinsurance solutions practice.

MetLife named Pawan Verma as Chief Information Officer

MetLife announced that Pawan Verma will join the company as Executive Vice President and Chief Information Officer, effective November 9, 2020. Verma will report to Bill Pappas, Executive Vice President and Head of Global Technology and Operations.

SCOR appoints Adrien Couret as a Board Director

SCOR announced the decision of its Board of Directors, which met on November 5, 2020, to co-opt Adrien Couret, Chief Executive Officer of the Macif group, as a Director. This decision follows Jean-Marc Raby's resignation from the SCOR Board to pursue other interests.

Hannover Re net income contracted to EUR 668 million

For the period between January-September 2020, Hannover Re reported a net income after nine months of EUR 667.8 million, contracted by 33.4%. The operating profit (EBIT) was down 35.3% from the previous year's level at EUR 902.9 million, while earnings per share were EUR 5.54 (9M2019: EUR 8.32).

Generali Poland named Maciej Fedyna as new President of the Management Board and CEO

Starting with 1 July 2020, Maciej Fedyna was nominated by the Supervisory Board as new President of the Management Board and CEO of Generali in Poland and will succeed Andrea Simoncelli who was appointed as new Chairman of the Supervisory Boards of Generali T.U. S.A., Generali Zycie T.U. S.A and Generali Finance Sp. z o.o.

Aon appoints Byron SPRUELL to Board of Directors

Global re/insurance broker Aon announced that Byron SPRUELL, President, League Operations at the National Basketball Association (NBA), has been appointed to its Board of Directors.

Aegon nominates Frans Blom for Supervisory Board

Aegon announced that Frans Blom will be nominated for appointment to its Supervisory Board for a four-year term. The proposal has been approved by the Dutch Central Bank and will be submitted for approval by Aegon's shareholders at the 2021 Annual General Meeting. Until then, he will attend the Supervisory Board meetings as an observer.