News - Re/Insurance groups

Third capital increase for Euroins Romania, of over EUR 24 million

Euroins Romania's shareholders approved a new capital increase amounting to over EUR 24 million (RON 120 million), the third in recent months. The most recent audit showed that Euroins Romania exceeded all financial indicators set by law, with the SCR at 118.5% and the coverage of the MCR at 278.4%.

Lloyd's posted H1 profit of GBP 1.4 billion

Loyd's of London re/insurance marketplace posted H1 2021 GGWP of GBP 20.5 billion (vs. GBP 20.0 billion) "due to an increase in premium rates, high customer retention and new growth for the first time in four years".

Malicious attacks accounted for 80% of Continental European cyber claims in 2020

According to a report published today by the global insurance broker Marsh part of MMC, in collaboration with Microsoft, international law firm CMS, and Kivu, a global cyber security firm, malicious cyber events accounted for 80% of cyber claims made in Continental Europe last year, up from 70% in 2019.

MetLife names Michael ROBERTS as Chief Marketing Officer

MetLife announced that Michael ROBERTS will join the company as Executive Vice President and Chief Marketing Officer, effective Nov. 2, 2021, and subject to necessary approvals. He will report to President and Chief Executive Officer Michel KHALAF.

Aon combines facultative reinsurance broking teams in Asia Pacific

Re/insurance broker AON announced that the facultative reinsurance broking team within Aon's Singapore Broking Centre and Reinsurance Solutions' APAC facultative team have combined to create a united facultative reinsurance broking team to serve Aon's clients in the Asia Pacific region. The newly combined team is part of Aon's Reinsurance Solutions.

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.