News - Re/Insurance groups

AEGON nominates CFO Matt RIDER for reappointment

AEGON's Supervisory Board will propose to the Annual General Meeting of Shareholders in June 2021 to reappoint Matt RIDER as Chief Financial Officer for a four-year term. Matt RIDER was first appointed as AEGON's CFO in 2017.

AON: Insurance rates will continue to increase in 2021

According to the Q4 2020 Global Market Insights Report released by global re/insurance broker AON, insurance pricing is up across most lines and classes globally, as COVID-19 impacts, including the economic downturn, have resulted in heightened underwriting scrutiny and risk aversion from insurers.

NN Group reports FY 2020 operating result of EUR 1.9 billion

Dutch NN Group announced its operating result increased to EUR 963 million in H2 2020 from EUR 881 million the previous year, mainly driven by "a higher investment margin and lower administrative expenses at Netherlands Life".

ALLIANZ, FY2020: EUR 1.3 billion impact of Covid-19 on operating profit

German insurer ALLIANZ posted FY2020 total revenues of EUR 140.5 billion,down by 1.3% y-o-y (EUR 142.4 billion in 2019) while its operating profit decreased by 9.3% to EUR 10.8 billion (vs. EUR 11.9 billion), mostly due to the adverse impacts from COVID-19 amounting to approximately EUR 1.3 billion.

Polish Asseco CE is expanding on the international digital insurance market

After the successful partnership in Slovakia and Czechia focusing on provision of IT solutions on the Platform as a Service (PaaS), Asseco Central Europe and Youplus Insurance International AG have agreed on another cooperation, aiming to gradually expand in German speaking countries.

EUR 500.000 invested in Boleron for mobile-first digital insurance

New Vision 3 (NV3) and venture capital fund Eleven are investing in Boleron, a software platform for digital insurance, used by the Bulgarian insurance broker Boleron Consulting, around EUR 500 million, to accelerate its expansion in new client verticals across the SEE region, as well as enable team expansion and product development.

NN Group proposed two SB members

Dutch insurance group NN informed its Supervisory Board nominated Cecilia REYES and Rob LELIEVELD for appointment as members of NN Group's Supervisory Board for a term of four years.

Aon Catastrophe Report shows Multi-Billion Economic Losses for January 2021

EUR1.8 billion (USD 2.2 billion) is the estimated amount lost due to the low-pressure system 'Filomena,' which caused severe snowfall in Spain, leading to business interruption and property losses. according to the latest edition of Global Catastrophe Recap report launched by Aon plc (NYSE: AON) which evaluates the impact of the natural disaster events that occurred worldwide during January 2021.