News - Re/Insurance groups
ACHMEA: Willem van DUIN to step down as Chairman of the Executive Board
Willem van DUIN will step down as Chairman of the Executive Board of ACHMEA in April 2021 and the current Vice-Chair, Bianca TETTEROO, is to be appointed as his successor, the Dutch insurer informed in a statement.
2 December 2020CHUBB appoints LAZARO as Digital Head, International General Insurance Business
CHUBB announced that Gabriel LAZARO has been appointed Senior Vice President, Digital Head for Overseas General Insurance, the company's international general insurance business in 51 countries and territories. The appointment is effective January 1, 2021.
2 December 2020Hartwig LOGER appointed to Managing Board of VIG as of January 2021
On 1 December 2020, the Supervisory Board of VIENNA Insurance Group (VIG) chaired by Gunter GEYER appointed Hartwig LOGER to the Group's Managing Board for the period from 1st January 2021 to 30th June 2023.
2 December 2020Lukas Herrmanns will be CEO of Marsh Germany and Central Eastern Europe
According to a recent press release from Marsh, the group has appointed Lukas Herrmanns as Chief Executive Officer of Germany and CEE (Central Eastern Europe) starting with 1 January, 2021.
2 December 2020ERGO-WUSTENRON partnership to be expanded from spring 2021 in real estate financing
ERGO Beratung und Vertrieb AG and WUSTENRON Bausparkasse AG are expanding their long-standing partnership to include the real estate financing segment. The extended, long-term cooperation is scheduled to start in spring 2021.
2 December 2020LLOYD's Brexit business transfer received final High Court approval
LLOYD's confirmed it has received final approval from the High Court of England and Wales to transfer EEA policies to LLOYD's Insurance Company SA (LLOYD's Europe), with its registered office in Brussels, Belgium. The transfer will take effect from 00:01 on 30 December 2020.
2 December 2020ALLIANZ to buy Australian WESTPAC general insurance business
ALLIANZ today it has agreed to purchase the general insurance business of Australian WESTPAC, and enter into a new 20-year exclusive agreement for the distribution of general insurance products to WESTPAC customers.
2 December 2020AXA to sell its insurance operations in the Gulf region to GIG for EUR 225 million
French insurer AXA announced that it has entered into an agreement with Gulf Insurance Group (GIG) to sell its insurance operations in the Gulf region, which includes its shareholding in AXA Gulf, AXA Cooperative Insurance Company and AXA Green Crescent Insurance Company.
2 December 2020Most Brits used lockdown 2.0 to review finances
More than half of Brits (57%) took action in relation to their saving in preparation for the November lockdown in England, according to the latest analysis by AVIVA.
2 December 2020SLOVAKIA: KBC finalises acquisition of OTP business
Belgium's KBC Group and OTP Bank, the Hungarian parent company of OTP Banka Slovensko (Slovakia), closed the agreement announced in February 2020 for KBC Bank NV to acquire ownership of 99.44% of the shares in OTP Banka Slovensko.
2 December 2020MUNICH Re announces profit target of EUR 2.8 billion for 2021
Global reinsurer MUNICH Re is aiming for a profit of EUR 2.8 billion in 2021. MUNCH Re representatives announced the Group expects financial consequences from COVID-19 next year as well, but on a considerably smaller scale than in 2020.
2 December 2020Swiss Re to expand nat cat portfolio with SRILIM fund launch
Global reinsurer Swiss Re targets nat cat portfolio growth with the launch of a new standalone fund company, which enables investors to access the firm's natural catastrophe business.
2 December 2020Bulgarian EUROHOLD maintains its revenues at a stable level in Q3 2020
Bulgarian financial holding UROHOLD Bulgaria, - the shareholder of EUROINS Insurance Group - one of the main players in CEE/SEE/CIS region, increased its revenues and maintained its operating profit in a challenging period in the context of the COVID-19 pandemic, according to the holding's consolidated financial statement for the first nine months of 2020.
2 December 2020MAPFRE appoints Group Head of Sustainability and new CEO for Inmuebles branch
MAPFRE recently announced two new Head appointments in its Sustainability and Inmuebles, both of them being placed in vacant positions after one management restructure and one retirement.
27 November 2020Dirk Bohme joins the management boards of HDI Systeme AG and HDI Lebensversicherung AG
Dirk Bohme will succeed Michael Krebbers, taking on the roles of the Management Board of HDI Systeme AG (HSY) and on the Management Board of HDI Lebensversicherung AG. The change is effective beginning March 1st, 2021.
27 November 2020Moody's confirms Generali's IFS and debt instruments ratings
Moody's announced that it has confirmed Generali's IFS rating at Baa1. At the same time, Moody's confirmed all ratings of debt instruments issued or guaranteed by the Group, outlook stable.
27 November 2020SCOR ILS Atropos fund exceed the USD 1 billion mark of assets under management
The assets under management for SCOR ILS Fund Atropos ("Atropos") recently exceeded the USD 1 billion mark. As of October 31, 2020, the total outstanding Insurance Linked Securities ("ILS") managed by SCOR Investment Partners and its London subsidiary Coriolis Capital Limited have reached USD 2.4 billion.
27 November 2020VIG, 9M2020 results: Premium income increased to almost EUR 8 billion
For the first nine months of 2020, Vienna Insurance Group (VIG) reported a solid premium income of EUR 8 billion, an improved combined ratio of 96.1% and a financial result of EUR 513 million, lowered by the ongoing COVID-19 pandemic.
26 November 2020OCEAN Re named Denis Nikolaytsev as Head of Representative Office for the new Moscow office
OCEAN Re continues its stage of international development and expansion and will startup a new Representative Office in Moscow most probably at the beginning of the next year, appointing Denis Nikolaytsev as Head of the new office.
26 November 2020LLOYD's confirmed its new Council members effective December 1st
LLOYD's announced its new Council members. The roles will come into effect on 1 December 2020. LLOYD's mentioned six of the fifteen members of the new Council are elected by the market.
25 November 2020XPRIMM Newsletter
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