News - Re/Insurance groups
ACHMEA uses reserves to keep health insurance premiums affordable for customers
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.
16 November 2020CHUBB appoints John LATTER to Claims Director role for Europe and Eurasia & Africa
Re/insurer CHUBB announced the appointment of John LATTER as Senior Vice President, Claims Director for the company's Europe and Eurasia & Africa regions.
16 November 2020IGI 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).
16 November 2020LANGENBACH 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.
12 November 2020Fitch has rated a "BB" IFS to ONIX Asigurari, Outlooks are Stable
ONIX Asigurari S.A. has been rated by Fitch with a score of 'BB' Insurer Financial Strength (IFS) and a 'BB-' Issuer Default Rating (IDR) according to the agency's report, released on 5 November.
11 November 2020Sava Re has cancelled General Meeting of shareholders and temporarily suspended the distribution of dividends
Sava Re led has announced on 6 November that the notice of the 37th general meeting which was scheduled for 16 November 2020 is called off due to new circumstances and risks that arose in some markets after the outbreak of the second wave of the pandemic, the company announced in a press release.
10 November 2020SCOR appoints Myriam Moufakkir as Chief Business Transformation Officer
SCOR announced the appointment of Myriam Moufakkir as SCOR Global P&C's new Chief Business Transformation Officer. She will be reporting to Jean-Paul Conoscente, CEO of SCOR Global P&C.
10 November 2020Crawford & 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.
9 November 2020GC 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.
9 November 2020MetLife 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.
9 November 2020SCOR 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.
9 November 2020SCOR reports net income of EUR 135 million at the end of September 2020
SCOR ended the first nine months of 2020 with a net income of EUR 135 million, 66.3% lower year-on-year. The third quarter's net income was EUR 109 million, 5.2% lower than the third quarter of 2019.
9 November 2020Vienna Insurance Group established its own assistance company in the Baltics
Vienna Insurance Group (VIG) announced the establishment of Global Assistance Baltic, continuing to expand its own service companies. The group's own assistance services will now be used in ten countries.
9 November 2020Munich Re generated almost EUR 1 billion profit for the first 9 months of 2020
During the first nine months of 2020, Munich Re generated a profit of EUR 999 million (9M2019: 2,490). The operating result fell to EUR 353 million (9M2019: 844).
5 November 2020Hannover 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).
5 November 2020CO Group posted 9 months net profit of almost EUR 39 million
ADRIS grupa - the shareholder of CROATIA osiguranje, reported 9 months 2020 revenues of HRK 3.88 billion (~EUR 510 million) and were down 19% year-on-year.
3 November 2020Generali 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.
3 November 2020AIG announces leadership transitions
American International Group announced leadership transitions for its executive team and Board of Directors.
2 November 2020Aon 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.
2 November 2020Aegon 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.
30 October 2020XPRIMM Newsletter
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