News - Re/Insurance groups
Poland: KNF approved the merger of GENERALI non-life insurers
GENERALI has almost completed the integration process with CONCORDIA after KNF - The Polish Financial Supervision Authority approved the merger of its two non-life insurers - GENERALI and CONCORDIA Polska.
21 January 2021AXA extends its smart working strategy globally
AXA implements what it calls "smart working strategy" to all of its entities worldwide. The strategy is about a hybrid way of working and will be deployed by 2023, as a press release issued by AXA.
21 January 2021Digital innovation by SCOR will improve the underwriting process
Vitae, an innovative biometric risk calculator will be developed by SCOR in order to improve the underwriting process and is a cutting-edge biometric risk calculator based on advances in medical research and employing innovative Machine Learning techniques.
21 January 2021SCOR will provide life insurance through Bayer and One Drop
SCOR has announced a new partnership with Life Science company Bayer and One Drop to provide life insurance products for people with chronic conditions. They will bring One Drop's AI-powered digital health platform to life insurance carriers and policyholders across the United States.
20 January 2021RENOMIA strengthens its position within CEE and enters Latvia
RENOMIA purchased a majority stake in R&D APDROSINASANAS BROKERS (R&D Insurance Brokers Ltd.), a local company based in Riga and strengthened its position within Central and Eastern Europe (CEE) as Latvia became the eighth European country in which RENOMIA has direct representation.
19 January 2021DNB approved the absorbtion VIVAT Non-life by NN Non-life
Dutch insurance group NN announced it has obtained approval from De Nederlandsche Bank (DNB), the Dutch supervisory authority, to execute the legal merger of VIVAT Non-life into NN Non-life.
19 January 2021CHUBB appoints Jeremiah KONZ Chief Reinsurance Officer
CHUBB announced that Jeremiah KONZ has been appointed with immediate effect as Chief Reinsurance Officer. He succeeds Michael KESSLER, who was appointed Division President of the company's global cyber risk insurance business. Jeremiah KONZ will report to John KEOGH, President and Chief Operating Officer of CHUBB.
18 January 2021CHUBB CFO Philip BANCROFT to retire; Peter ENNS to replace him effective July 1
Philip BANCROFT - CHUBB Group Executive Vice President of and Chief Financial Officer, plans to retire from the company on July 1 after 19 years of service. Peter ENNS has agreed to join the company on or before April 1 as Executive Vice President, Finance, CHUBB Group and succeed BANCROFT upon his retirement.
18 January 2021SCOR and CyberCube develop a cyber risk management tool
The reinsurance industry must manage the risk of large cyber events potentially impacting multiple insured portfolios. Reinsurers are facing a multi-faceted and fast-evolving cyber threat that requires ever greater modeling and analytics capabilities.
14 January 2021Aon's Fireside Chat: Insurance industry should better promote and demonstrate its role in society
Barclays' Managing Director of Group Insurance, Farhad Jamooji, has been interviewed by Aon, in a Fireside Chat, as part of Virtual Reinsurance Renewal Season fireside chats. It was hosted by Dominic Christian, Global Chairman of Aon's Reinsurance Solutions.
14 January 2021DELOITTE assisted VIG in taking over AEGON's units in Hungary, Poland, Romania and Turkey
DELOITTE assisted the Austrian insurer VIG in taking over the units of the Dutch financial group AEGON in Hungary, Poland, Romania and Turkey, informed the Romanian insurance news portal www.1asig.ro here
13 January 2021AM Best confirms credit ratings of EyeMed Insurance Company
Financial Strength Rating of EyeMed Insurance Company (EIC) (Phoenix, AZ) was confirmed of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a". The outlook of these Credit Ratings (ratings) is stable.
8 January 2021GENERALI consolidates its presence in Greece with the acquisition of AXA's units
Global insurers AXA and GENERALI announced that they entered into an agreement on the Greek market. Under the terms of the agreement, AXA will sell its Life & Savings and Property & Casualty businesses in the country to GENERALI for a consideration of EUR 165 million, representing a multiple of 12.2 times 2019 earnings, subject to closing adjustments.
7 January 2021Agritask Platform was selected by Mapfre Colombia to empower its crop-insurance business
Mapfre Colombia, a subsidiary of Mapfre Re, a Spanish (re)insurer with offices in 19 countries has announced that it selected the Agritask analytics and operations platform to enhance its risk monitoring and claim management processes of its agriculture business.
7 January 2021Guy Carpenter: the main hallmarks of the January 1, 2021 reinsurance renewals
According to Guy Carpenter & Company, LLC. press release, price increases at the January 1, 2021 reinsurance renewals were moderated compared to initial expectations by abundant capital levels and an increased willingness on the part of reinsurers to deploy capacity in several sectors,
7 January 2021Generali admitted to the Cooperative Compliance regime
Assicurazioni Generali was admitted to the Cooperative Compliance regime, established by Legislative Decree n. 128/2015, according to a Generali press release. This will enable an innovative way to maintain constant and preemptive dialogue with the Italian Revenue Agency (Agenzia delle Entrate).
7 January 2021CHUBB names Alexandra WALDMAN Climate Sustainability Manager
At the end of 2020, CHUBB announced that Alexandra WALDMAN has been appointed with immediate effect as Climate Sustainability Manager. She will report to Paul KRUMP, Vice Chairman, CHUBB Group, Global Underwriting and Claims.
6 January 2021Ante VLAHOVIC was elected as President of the ADRIS grupa Supervisory Board
At the end of 2020, the CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS grupa - announced that Ante VLAHOVIC (member of the Supervisory Board and former President of the Management Board from 2004 to 2019) was elected as President of the Supervisory Board.
5 January 2021Mark Versey was named as Chief Executive of Aviva Investors
Aviva appointed Mark Versey as Chief Executive of Aviva Investors. He will join Aviva's Group Executive Committee, reporting to Aviva Group CEO, Amanda Blanc, and will assume his new role with immediate effect, after the regulatory approval.
5 January 2021CFO Forum named Delfin Rueda of NN Group as Chair
According to The European Insurance CFO Forum, Delfin Rueda, Chief Financial Officer of NN Group, has been appointed as Chair of the CFO Forum and will succeed Matt Rider of Aegon, starting with 1st of January 2021.
5 January 2021XPRIMM Newsletter
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