News - Re/Insurance groups

SCOR 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.

RENOMIA 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.

CHUBB 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.

CHUBB 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.

SCOR 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.

AM 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.

GENERALI 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.

Generali 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).

CHUBB 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.

Mark 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.

CFO 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.