Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

George David Sartorel to join Prudential Board as Non-executive Director

(PRESS RELEASE) LONDON, 14-Jan-2022 — /EuropaWire/ — Prudential plc (LON: PRU), a British multinational life and health insurance company, has announced the appointment of George David Sartorel to its Board as a Non-executive Director. George Sartorel has extensive experience of … Read the full press release

Aviva CFO Jason Windsor to leave the company

(PRESS RELEASE) LONDON, 13-Jan-2022 — /EuropaWire/ — Aviva plc (LON: AV), a British multinational insurance company, has announced the resignation of its CFO and director Jason Windsor. Jason will step down as of July 2022 to become CFO at Persimmon … Read the full press release

Aegon announces EUR 50 million share buyback program

(PRESS RELEASE) THE HAGUE, 7-Jan-2022 — /EuropaWire/ — Aegon N.V. (AMS: AGN), Dutch multinational life insurance, pensions and asset management company, has announced it will repurchase common shares for EUR 50 million in order to meet its obligations resulting from … Read the full press release

Allianz Life completes the reinsurance agreement with Sixth Street affiliates and Resolution Life

Agreement with Resolution Life and affiliates of Sixth Street was announced on December 3 Transaction unlocks $4.1 bn in value and frees up regulatory capital for Allianz (PRESS RELEASE) MUNICH, 7-Jan-2022 — /EuropaWire/ — Allianz Group, one of the world’s … Read the full press release

Zurich Insurance Group improves its capital utilization across its life back book with the sale of Italian life and pensions back book to Portuguese insurance company GamaLife

Transaction to release approximately USD 1.2 billion of capital and add 11 percentage points to the Group’s Swiss Solvency Test ratio1 Significant reduction in the Group’s exposure to credit risk Zurich will focus on protection and unit-linked solutions in the … Read the full press release

Pravina Ladva to lead Swiss Re’s technology related activities

(PRESS RELEASE) ZÜRICH, 16-Dec-2021 — /EuropaWire/ — Swiss Re, the world’s second-largest reinsurer, has announced the appointment of Pravina Ladva, Swiss Re’s current Group Digital Transformation Officer, as Group Chief Digital & Technology Officer. She will also become a member … Read the full press release

Zurich Insurance Group joins The Valuable 500, a global movement of CEOs and their companies working together for disability inclusion

(PRESS RELEASE) ZÜRICH, 3-Dec-2021 — /EuropaWire/ — Zurich Insurance Group (SWX: ZURN), Swiss’s largest insurer, has announced that it will join The Valuable 500, a global movement made up of 500 CEOs and their companies, innovating and working together for … Read the full press release

Allianz Life announces a $35-billion fixed index annuity portfolio reinsurance agreement, one of the largest transactions of this type

Allianz Life reinsures $35 billion of liabilities of fixed index annuity book in one of the largest transactions of its kind Agreement underscores shared values of flexibility, ability to scale, risk management, and commitment to policyholders Transaction expected to improve … Read the full press release

Allianz Group the leading insurance company in the Dow Jones Sustainability Index (DJSI)

(PRESS RELEASE) MUNICH, 15-Nov-2021 — /EuropaWire/ — Allianz Group, one of the leading integrated financial services providers worldwide, has announced that it leads the insurance sector in the Dow Jones Sustainability Index (DJSI). The insurer has been ranked on the … Read the full press release

Aviva: financial scams promoted by paid-for ads must be included in the Online Safety Bill

One in eight people (13%) have been the victim of a financial scam which related to coronavirus. Of those, two-thirds (66%) said their total debts increased over the last year. Aviva calls on government to include financial scams promoted by paid-for … Read the full press release

Generali: Procuratie Vecchie in Venice to open to the public in early 2022 for the first time in its 500-year history

The future home of The Human Safety Net opens to the public in spring 2022 Model by David Chipperfield Architects Milan will now go on display in the Venice Royal Gardens First images from behind the iconic façade in St … Read the full press release

Aegon to transition its EUR 156 billion general account investment portfolio to net-zero greenhouse gas emissions by 2050

(PRESS RELEASE) THE HAGUE, 2-Nov-2021 — /EuropaWire/ — Aegon N.V. (AMS: AGN), Dutch multinational life insurance, pensions and asset management company, has announced it has committed to transition its EUR 156 billion general account investment portfolio to net-zero greenhouse gas … Read the full press release

Europe likely to see considerably higher reinsurance rates – Munich Re

(PRESS RELEASE) MUNICH, 18-Oct-2021 — /EuropaWire/ — Munich Re (ETR: MUV2), a German multinational global provider of reinsurance, primary insurance and insurance-related risk solutions, has announced it expects continued market hardening to accompany January renewals, particularly for the European market … Read the full press release

Aviva supports the Foundation for Young People’s Mental Health (YPMH) and Cambridge University project focused on depression in young people

75% of people with a mental health problem develop it before the age of 24 Treatments for depression in under-18s are effective in only 60% of cases Depression arises from a complex set of factors LONDON, 11-Oct-2021 — /EuropaWire/ — … Read the full press release

Amanda Blanc, Group CEO Aviva PLC: We need to unlock trillions of private finance to speed up the transition to net zero

(PRESS RELEASE) LONDON, 11-Oct-2021 — /EuropaWire/ — Global financial services industry calls on G20 governments to help build a Net Zero economy and meet the goals of the Paris agreement ahead of COP26. The Call to Action includes specific policy … Read the full press release

Orange to increase the capital of its bank with EUR 230 million; buys Groupama’s stake

(PRESS RELEASE) PARIS, 1-Oct-2021 — /EuropaWire/ — Orange S.A. (EPA: ORA), a French multinational telecommunications group, has announced it will invest EUR 230 million in its bank (Orange Bank) to increase the capital and speed up the growth projects envisaged … Read the full press release

Allianz completes the acquisition of Aviva plc Italian General Insurance business for €330 million

(PRESS RELEASE) LONDON, 1-Oct-2021 — /EuropaWire/ — Aviva plc (LON: AV), a British multinational insurance company, has announced that Allianz SE (ETR: ALV), a German multinational financial services company, has completed the acquisition of Aviva’s Italian General Insurance business for … Read the full press release

The insurance industry, Europe’s largest institutional investor, supports the EC’s proposal for the EUGBS (EU Green Bond Standard)

(PRESS RELEASE) BRUSSELS, 29-Sep-2021 — /EuropaWire/ — Insurance Europe, the European insurance and reinsurance federation, has announced the publication of its response to a consultation by the EC on its proposal for an EU Green Bond Standard (EUGBS). The insurance … Read the full press release

Update (Sep 2021) on Vienna Insurance Group’s planned acquisition of Aegon’s business in Hungary

(PRESS RELEASE) VIENNA, 21-Sep-2021 — /EuropaWire/ — Vienna Insurance Group AG Wiener Versicherung Gruppe (VIE: VIG), one of the largest international insurance groups in Central and Eastern Europe, has announced that its appeal against Hungarian veto on Aegon acquisition has … Read the full press release

Aviva completes £320m bulk purchase annuity transaction with John Laing Pension Fund, its 2nd buy-in transaction

(PRESS RELEASE) LONDON, 17-Sep-2021 — /EuropaWire/ — Aviva plc, a British multinational insurance company and a member of the FTSE 100 index, has announced the completion of a deal for a £320m bulk purchase annuity transaction with the John Laing … Read the full press release

Aviva research: Brits lose almost £231 billion a year having hard time making the right decision

New research from Aviva reveals that getting divorced/ending a long-term relationship (31%) and buying a new home (29%) are life’s most difficult decisions Brits lose almost £231 billion in a year, on average, due to being indecisive More than a quarter (26%) … Read the full press release

Crédit Agricole S.A. to offer its 175,000 employees worldwide to subscribe to new shares under the 2021 reserved capital increase

Crédit Agricole SA today announces the launch of its annual share offering reserved for employees of the Crédit Agricole group, worldwide. (PRESS RELEASE) MONTROUGE, France, 2-Sep-2021 — /EuropaWire/ — Crédit Agricole S.A. (EPA: ACA), the world’s largest cooperative financial institution, has … Read the full press release

Aviva Fraud Report: consumers have low trust in the internet as a tool for shopping for financial services

More than half of internet users (53%) don’t trust that the adverts on search engines are placed by a legitimate financial services company or provider And more than half (56%) don’t believe that search engines verify the authenticity of the … Read the full press release

Aegon repurchased 35,933,035 common shares, July 8 – August 20, 2021 as part of its share buyback program

(PRESS RELEASE) THE HAGUE, 23-Aug-2021 — /EuropaWire/ — Aegon N.V. (AMS: AGN), Dutch multinational life insurance, pensions and asset management company, has announced it has completed the share buyback program to neutralize the dilutive effect of the 2020 final dividend … Read the full press release

AXA announces capital increase reserved for its employees

(PRESS RELEASE) PARIS, 23-Aug-2021 — /EuropaWire/ — AXA (EPA: CS), A French multinational insurance and asset management firm, announces capital increase reserved for its employees which offers to its employees, in and outside of France, the opportunity to subscribe to … Read the full press release

Leadership changes at Swiss Re’s Reinsurance Business Unit

(PRESS RELEASE) ZURICH, 18-Aug-2021 — /EuropaWire/ — Swiss Re, the world’s second-largest reinsurer, has announced it made leadership changes at its Reinsurance Business Unit. As of 1 January 2022 Julie Stephenson will succeed Jason Richards as Global Head of Casualty … Read the full press release

HSBC Holdings plc through HSBC Insurance (Asia-Pacific) Holdings Ltd takes over AXA Insurance Pte Limited (AXA Singapore) for US$575 million

A key milestone supporting HSBC’s ambition to be Asia’s leading insurance and wealth provider Strengthening Singapore as a global wealth hub for HSBC (PRESS RELEASE) LONDON, 16-Aug-2021 — /EuropaWire/ — HSBC Holdings plc, one of the world’s largest banking and … Read the full press release

EU clearance for the acquisition of Aegon’s businesses in Central and Eastern Europe by Vienna Insurance Group AG

(PRESS RELEASE) THE HAGUE, 13-Aug-2021 — /EuropaWire/ — Aegon N.V. (AMS: AGN), Dutch multinational life insurance, pensions and asset management company, has announced receival of the competition law clearance from the European Commission for the acquisition of Aegon’s businesses in … Read the full press release

Enel X teams up with Neosurance and Net Insurance to introduce its first on-demand and pay-per-use theft insurance for homes

The partnership between the three companies enables the integration of smart home services with latest generation insurance services The smart home market is already worth 500 million euros in Italy alone, with security as the number one reason for purchase … Read the full press release

Lindner Group’s Corporate Health Management earns Silver award from AOK Bayern

(PRESS RELEASE) ARNSTORF, 8-Jul-2021 — /EuropaWire/ — Leading company for the building envelope, interior fit-out and insulation, Lindner Group announces that its Corporate Health Management (BGM) at its headquarters in Arnstorf, Germany has been evaluated by the health insurance AOK … Read the full press release