News - Re/Insurance groups
Aon appoints Lisa Stevens to serve as Chief Administrative Officer
Global re/insurance broker Aon announced that Lisa Stevens will transition into a newly created Chief Administrative Officer role overseeing the People Organization, Marketing and Communications, and Public Affairs.
2 July 2024Generali: new Group’s organizational structure and appointments for the key leading positions
Generali announced that Carlo TRABATTONI is appointed Chair of the Board of Directors of Generali Real Estate S.p.A. SGR, the Group’s company focused on the management of real estate investment funds. Aldo Mazzocco, CEO of Generali Real Estate S.p.A., also takes up the position of Vice Chair of GRE SGR.
2 July 2024Optio Group appoints Deepak Soni as group CEO
Optio Group, a leading specialty MGA, announced the appointment of Deepak Soni as Chief Executive Officer.
27 June 2024Zurich to acquire AIG’s global personal travel insurance business
Zurich Insurance Group announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, plus a potential additional earn-out payment.
27 June 2024Fitch affirms Eurohold rating at B with a stable outlook
Credit rating agency Fitch has affirmed its assessment to Eurohold Bulgaria AD’s Long Term Issuer Default Rating at ‘B’ with a stable outlook, as the Bulgarian holding informed in a statement.
25 June 2024Zurich became the first foreign insurer to enter India since the FDI rules were amended to allow up to 74% foreign ownership in 2021
Zurich announced the successful completion of acquiring majority stake in Indian insurer Kotak General Insurance from Kotak Mahindra Bank Limited, following the receipt of all necessary regulatory approvals.
25 June 2024CO projected H1 2024 net profit is slightly below EUR 30 million
At the General Assembly of the Adris Group, as a part of the presentation of Adris Group companies, Management Board of CROATIA osiguranje d.d. informed about business performance in the past year as well as trends in the first six months of the current year.
17 June 2024Beyond broken infrastructure – Swiss Re explores cascading effects of natural disasters and other key emerging risks
The world is facing multiple interconnected crises which bring about ever-more complex risks, finds Swiss Re's 12th SONAR emerging risk report. It explores critical topics of the future to foster better understanding of new or changing risks, their interactions and dependencies.
17 June 2024Argenta appoints new group chief risk officer
Argenta Holdings Limited, today announces the appointment of Niranjan Nathan as group chief risk officer (subject to regulatory approvals), assuming the role from Carol-Ann Burton, who will continue as group general counsel and compliance director.
11 June 2024VIG receives EU funding for comprehensive cyber security programme
Vienna Insurance Group (VIG) has initiated a comprehensive programme to increase protection against growing cyber threats. The Group companies will be serviced by three competence centres in Austria, Poland and the Czech Republic. The initiative is financially supported by the European Union through the European Cybersecurity Competence Centre.
10 June 2024Triglav to pay EUR 1.75 gross dividend per share and appointed two new SB members
Slovene re/insurance group Triglav informed that at its General Meeting of Shareholders, the shareholders supported the Management Board's and the Supervisory Board's proposal to pay EUR 1.75 gross dividend per share - which represents a 5% dividend yield. The dividend will be paid to the shareholders appearing in the Company's share register on Tuesday, 18 June 2024 (the ex-dividend date is Monday, 17 June 2024).
10 June 2024S&P affirms 'A' ratings on Sava Re and Zavarovalnica Sava, outlook stable
S&P Global Ratings informed on its website that it had affirmed the “A” long-term financial strength and issuer credit ratings on Sava Re with a stable outlook. The ratings are based on the Agency’s updated capital model with revised criteria for analysing insurers’ risk-based capital dated 15 November 2023.
10 June 2024Lloyd’s strengthens Latin America and Caribbean business
Lloyd’s announced the opening of a new office in Miami from 1 September 2024 to strengthen its Latin America and Caribbean business and continue to support the market’s sustainable and profitable growth in the Americas. Latin America and Caribbean is an important and fast-growing area for Lloyd's, accounting for 4.6% of gross written premium (USD 2.7 billion) in 2023.
10 June 2024Eurohold maintains profitability in 2023 amid lower revenues
Bulgarian financial holding Eurohold Bulgaria AD reported total revenues of BGN 2.89 billion (EUR 1.48 billion) and earnings before interest, taxes, depreciation and amortization (EBITDA) of approx. BGN 207.58 million (EUR 106.13 billion) in 2023, down by 33.5% and 11.9% percent, respectively, compared to the previous year. The company posted a positive 2023 net financial result of BGN 78.63 million.
10 June 2024Chubb to acquire general aviation insurance specialist in Australia
Chubb announced a definitive agreement to acquire Catalyst Aviation Insurance, a Melbourne-based managing general agent that specializes in general aviation insurance for the Australia market.
10 June 2024Change in UNIQA’s Supervisory Board
Christian Kuhn has resigned from the UNIQA Supervisory Board due to the age limit stipulated in the UNIQA statutes. Professor Monika Henzinger was elected as his successor.
6 June 2024VIG posted 11% growth rate in Q1 business
Vienna Insurance Group (VIG) increased its gross written premiums by 11% to EUR 4.29 billion after the first quarter of 2024. This corresponds to an increase of 11% or EUR 426 million compared to the previous year’s figure of EUR 3.87 billion. With a solvency ratio of 262% as of 31 March 2024, the Group continues to be excellently capitalised.
4 June 2024PZU announced change in rating outlook
Polish largest insurer PZU SA (Powszechny Zaklad Ubezpieczen Spolka Akcyjna) informed that on 28 May 28, 2024, the rating agency S&P Global Ratings communicated that the Company's rating outlook has been changed from stable to positive. At the same time, the agency affirmed PZU SA's rating unchanged at “A-”.
4 June 2024Geneva Association Ernst Meyer Prize winners announced
The Geneva Association has announced the co-winners of the 2024 Geneva Association Ernst Meyer Prize, which since 1976 has recognized excellent doctoral theses that contribute to the study of risk and insurance economics: Sebastian Hinck (PhD, University of Hamburg) and Jieyu Lin (PhD, Tsinghua University), the association said in its press release.
4 June 2024The winners of the Zurich Innovation Championship to work with Zurich on innovative solutions
Zurich's global startup program crowns nine winners of Innovation Championship 2024. The winners from EMEA, North America, Latin America, and APAC tackle challenges in the fields of Commercial Insurance, Digital Simplification, Life & Health, and Retail P&C, with an additional two wild-card winners, Zurich’s press release says.
4 June 2024
