News - Re/Insurance groups

Thomas Fossard is appointed Head of Investor Relations SCOR

SCOR announces the appointment of Thomas Fossard as Head of Investor Relations after Yves Cormier has decided to leave the Group to pursue another opportunity. Yves Cormier will continue to run the Investor Relations team during the transition period.

Allianz SE announced updates to its Board of Management

The Supervisory Board of Allianz SE today announced that Oliver Bate’s mandate as Chairman of the Board of Management of Allianz SE has been renewed and extended through the Annual Shareholders Meeting in 2028.

Generali appoints Giulio Terzariol to lead newly created Division “Insurance”

Italian insurer Generali announced that Giulio Terzariol will join the Company as CEO Insurance, a newly created role with responsibility for all the insurance Business Units, with effect from January 2024. Terzariol will report directly to the Group CEO, Philippe Donnet, and will join the Group Management Committee of Assicurazioni Generali.

Allianz to sell its 51% stake in Allianz Saudi Fransi

Allianz Group announced that it entered into a binding transaction regarding the transfer of its 51% stake in Allianz Saudi Fransi in Saudi Arabia to ADNIC, a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange, as the Munich-based group streamlines its primary insurance operations in the Middle East.

Aegon to relocate its domicile to Bermuda

Dutch insurer Aegon informed that at its Extraordinary General Meeting of shareholders approved the first step in the company’s redomiciliation to Bermuda.

Board change at Allianz Commercial

Allianz Commercial has announced changes to the Board of Management of Allianz Global Corporate & Specialty SE “that reflect its strategy of integrating the Allianz Mid Corporate business alongside its Large Corporate and Specialty portfolios to create one face to market across its eleven trading regions”.

Newly launched SanlamAllianz to provide insurance and financial services in 27 African markets

Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the world’s leading insurers and financial services providers announced that they have received regulatory approvals for the joint venture that will create the leading Pan-African non-banking financial services company with a presence in 27 countries in Africa. The joint venture will operate as SanlamAllianz. Heinie Werth, the current CEO of Sanlam Emerging Markets, has been appointed as the CEO of SanlamAllianz.

Philippe Donnet named best CEO in the insurance sector

Generali Group CEO Philippe Donnet was named "Best CEO" for the second consecutive year in the insurance sector in the 2023 edition of the All-Europe Executive Team annual ranking by Institutional Investor, the specialist magazine and independent research company in the field of international finance.

Lloyd’s posted gross profit worth GBP 3.9 billion at the end of H1 2023

Lloyd’s re/insurance marketplace reported H1 2023 underwriting profit of GBP 2.5 billion vs GBP 1.2 billion a year before, an investment return of GBP 1.8 billion (vs. GBP 3.1 billion loss) and a profit before tax of GBP 3.9 billion compared with loss of GBP 1.8 billion in H1 2022.

Lucy Fato to assume role of Vice Chair at AIG

AIG announced that Lucy Fato will transition from her current role as Executive Vice President, General Counsel & Global Head of Communications and Government Affairs to Vice Chair at AIG, effective October 1, 2023.

Guy Carpenter appoints Julian Enoizi as CEO of Europe

Reinsurance broker Guy Carpenter part of Marsh McLennan announced the appointment of Julian Enoizi as CEO of Guy Carpenter Europe effective immediately. Julian Enoizi will be based in Europe and report to Laurent Rousseau, CEO of Guy Carpenter Europe, Middle East and Africa, and Global Capital Solutions. In this role Julian Enoizi will be responsible for leading Guy Carpenter’s broking operations across its European offices.

Chubb appoints Nikolaou to lead its Technology Hub in Thessaloniki

Chubb announced the appointment of George N. Nikolaou as head of Chubb Business Services EMEA in Thessaloniki, Greece. “In this role, Nikolaou will be responsible for the Chubb technology center launched in late 2022, which will support the development of innovative technologies that enhance the customer experience, increase efficiency, and accelerate the company's digital transformation”.

TRIGLAV Group: losses in the health insurance segment and CAT claims had a strong impact og the group’s profitability

In H1 2023, the Triglav Group's total business volume rose to EUR 955.4 million and its tax before profit amounted to EUR 10.5 million. This year's unexpected price cap on supplemental health insurance in Slovenia resulted in a high loss of EUR 30.9 million in the health insurance segment in the first half of 2023, which had a significant impact on the Group's half-year result.

Sava Insurance Group cuts full-year profit target by 25% after wave of storms and floods

Sava Re expects the costs of the unprecedented storms and floods that hit Slovenia and the Balkans in July and August to reach EUR 100 million. The negative impact on the 2023 result is estimated at EUR 30 million to EUR 35 million. For 1H 2023 business volume up by 11.7% to EUR 495.1 million, while net profit was of EUR 40.0 million.