Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

Assicurazioni Generali and Generali Deutschland to sell the majority stake of Generali Leben to Viridium Gruppe

Agreed vision for an innovative industrial partnership with Viridium Gruppe for the sustainable management of the Generali Leben Life portfolio. Total evaluation for 100% of Generali Leben up to €1 bln, incl. €125 mln as earn out in case of … Read the full press release

Tokio Marine Kiln establishes US$100m intellectual property (IP) facility with leading global broker Aon

LONDON, 05-Jul-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK) has established a US$100m intellectual property (IP) facility with leading global broker Aon and several other Lloyd’s syndicates. The facility will be led by TMK and is one of the first for … Read the full press release

Vienna Insurance Group welcomes Peter Thirring in its management team and Liane Hirner as Chief Financial Officer

VIENNA, 05-Jul-2018 — /EuropaWire/ — Some changes are taking place in the line-up of Vienna Insurance Group (VIG) Managing Board team in the middle of 2018. Peter Thirring joins the VIG management team on 1 July, and at the same time, … Read the full press release

Euler Hermes: Sweden’s exporting SMEs can now assess the credit worthiness of potential business partners in 24 European countries

Credable, a Swedish insurtech start-up which is part of Euler Hermes, offers an innovative new service: invoice insurance for SMEs, based on traditional trade credit insurance. Credable is now providing cover for Swedish SMEs in 24 European countries. In line … Read the full press release

MHP, KUKA and Munich Re create new business model to revolutionise automotive manufacturing processes in the future

Industry 4.0 and digitalisation allow for new manufacturing methods and demand new business models. MHP, KUKA and Munich Re present one vision for these: the new SmartFactory as a Service. Using SmartFactory as a Service allows manufacturers to focus on … Read the full press release

Generali completes sale of its entire shareholding in the Ireland-based Generali PanEurope to Life Company Consolidation Group

TRIESTE, 20-Jun-2018 — /EuropaWire/ — Assicurazioni Generali SpA announces that it has completed the sale of its entire shareholding in the Ireland-based Generali PanEurope to Life Company Consolidation Group (LCCG). The terms of the transaction are in line with the announcement of the … Read the full press release

The winners of the third annual Efma-Accenture Innovation in Insurance Awards announced at the Elyseum in Paris

Insurance institutions showcase winning innovations transforming the industry PARIS, 13-Jun-2018 — /EuropaWire/ — Efma, an association of more than 3,300 retail financial services companies in 130 countries, and Accenture (NYSE: ACN) today announced the winners of the third annual Efma-Accenture Innovation in Insurance … Read the full press release

Insurance group Achmea closes the sale of Irish life assurance company Friends First to Aviva group plc

ZEIST / DUBLIN, 05-Jun-2018 — /EuropaWire/ — Insurance group Achmea announces the closing of the sale of Irish life assurance company Friends First to Aviva group plc. All the required regulatory approvals for the transaction have been received. Following these approvals … Read the full press release

Zurich Insurance Group to improve business efficiency using self-service-enabling technology of InShared, the digital insurer of Achmea

ZEIST, ZURICH, 05-Jun-2018 — /EuropaWire/ — Achmea announced today that it will partner with Zurich Insurance Group (‘Zurich’) to improve business efficiency using self-service-enabling technology of InShared, the digital insurer of Achmea. InShared’s IT-platform is fully designed around online service, from … Read the full press release

Nagarro sets up technical center in Malta to focus on growing iGaming clientele

Expanded Malta presence makes Nagarro the ideal strategic partner for iGaming and fintech companies. Malta’s near-shore location will also help in providing superior support and data protection to European customers MALTA, 31-May-2018 — /EuropaWire/ — Nagarro, a leading provider of high-end … Read the full press release

GRAWE receives its eleventh Recommender Award; ranks first in the category “insurance companies throughout Austria”

For the eleventh time in twelve years, GRAWE was presented with the “Recommender Award” of the Financial Marketing Association of Austria (FMVÖ). GRAWE won again in the category “insurance companies throughout Austria”. Additionally she was given the rating “outstanding customer orientation”. GRAZ, … Read the full press release

Assicurazioni Generali SpA opens a new (re)insurance branch dedicated to the Employee Benefits business in Luxembourg

TRIESTE, 29-May-2018 — /EuropaWire/ — In line with the strategic objectives of the Generali Group to consolidate its leadership in the Employee Benefits (EB) sector, Assicurazioni Generali SpA announces the setup of a new Branch in the Grand Duchy of … Read the full press release

Capgemini and Efma offer a world-wide networking and collaborative community for FinTechs and financial institutions with the launch of FinTechVisor portal

PARIS/ NEW YORK, 21-May-2018 — /EuropaWire/ — Capgemini and Efma today announced the launch of FinTechVisor, an innovative platform designed to bring FinTechs and financial institutions together to collaborate. The FinTechVisor portal offers a world-wide networking and collaborative community for FinTechs and … Read the full press release

Coface: EU accession of Western Balkans likely to happen as it would counterbalance influence of Russia and China in the region

Bois-Colombes, France, 15-May-2018 — /EuropaWire/ — The European Union – Western Balkans Summit will take place in Sofia, Bulgaria, on the 17th of May 2018. This meeting aims to reaffirm the EU’s commitment towards the Western Balkans gaining EU membership. Coface’s economists … Read the full press release

Allianz will phase out both its proprietary investments in coal-based business and its insurance coverage of such risks by 2040

Withdrawal from insuring single coal-fired power plants and coal mines in operation or planning, effective immediately Exclusion of coal risks by 2040 in Property and Casualty business and in proprietary investments Joining the Science Based Target Initiative: Commitment to the … Read the full press release

Allianz Group sells 8.4 percent stake in Banco BPI to CaixaBank for 178 million euros

Allianz Group sells 8.4 percent stake in Banco BPI to CaixaBank Allianz and CaixaBank agree to reorganize terms of insurance distribution cooperation in Portugal Allianz Group aims to extend and deepen insurance partnership in Portugal with Banco BPI, subject to … Read the full press release

Anna McNamara appointed group COO at Tokio Marine Kiln (TMK)

LONDON, 03-May-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has appointed Anna McNamara as group chief operating officer (COO) with effect from 26 April. As Group COO Anna will lead the strategy and … Read the full press release

Gard Chief External Affairs Officer Svein Buvik elected Chair of the Nordic Association of Marine Insurers (Cefor)

Arendal, Norway, 11-Apr-2018 — /EuropaWire/ — Svein Buvik was elected Chair of the Nordic Association of Marine Insurers (Cefor) at the Cefor Annual General Meeting held in Oslo on Thursday, 5 April 2018. Svein, Chief External Affairs Officer in Gard, … Read the full press release

Lloyds Bank Cyber Beyond IT event: Eight in ten UK business leaders very concerned about the financial implications of a cyber-attack on their business

Lloyds Bank cyber event finds that only a third of businesses have a financial plan in place in the event of a cyber attack But over a third would pay a ransom to get their systems and data back Only … Read the full press release

Tokio Marine Kiln launches new insurance and services policy to protect clients against the impact of cyber attacks

TMK’s new Cyber Ctrl insurance and services policy gives clients access to specialist breach preparation and threat monitoring services from leading experts XCyber® and Sytorus in a streamlined and simplified wording LONDON, 02-Apr-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK), … Read the full press release

Marloes Sengers will be responsible for the company-wide HR policy of APG

HEERLEN, 30-Mar-2018 — /EuropaWire/ — Marloes Sengers (36) has been appointed Human Resources Director by APG’s Executive Board from April 1, 2018. In this position, she is responsible for the company-wide HR policy of APG, fulfilling a crucial role in the … Read the full press release

B3i launches insurance solutions on a blockchain platform across the re/insurance industry

Transition to independent legal entity significant milestone for B3i B3i Services AG to commercialize blockchain solutions for re/insurance First product demonstrated efficiency gains of up to 30 percent in initial testin MUNICH, 28-Mar-2018 — /EuropaWire/ — The Blockchain Insurance Industry Initiative … Read the full press release

Coface: Growing Chinese investments could eventually pose a threat to Japanese corporate interests in the Asia Pacific region

Bois-Colombes, France, 16-Mar-2018 — /EuropaWire/ — According to Coface, China and Japan are becoming competitors for trade and investment in the Asia Pacific region. Coface’s report, entitled “Clash of the Titans: China’s rise fuels competition with Japan’s interests in Asia”, reveals … Read the full press release

Jasmin Staiblin proposed for election to the Board of Directors of Zurich Insurance Group on the Annual General Meeting on April 4, 2018

Zurich Insurance Group (Zurich) announced today that the Board of Directors will propose to shareholders to elect Jasmin Staiblin to the Board for a one year term of office. The election will take place at the Annual General Meeting on … Read the full press release

Prudential creates opportunities for young people at its offices in Stirling and Reading with its 2018 Apprenticeship Programme

Prudential announces the launch of 2018 Apprenticeship Programme with roles in both Stirling and Reading 13-15 month ‘living wage’ training programme with recognised vocational and professional qualification LONDON, 08-Mar-2018 — /EuropaWire/ — Leading employer Prudential has today (Monday 05 March … Read the full press release

Solmaz Altin to succeed George Sartorel as Regional CEO at Allianz Asia

George Sartorel has decided to retire in 2019; effective April 2018, he will become Chairman of the Allianz Asia Advisory Council MUNICH/ SINGAPORE, 06-Mar-2018 — /EuropaWire/ — Solmaz Altin (44), currently the Chief Digital Officer of Allianz, will join the Allianz Asia … Read the full press release

EBRD loans EUR 25 million to banking and insurance software developer Vermeg to fund their acquisition of Lombard Risk

€25 million loan for acquisition of London-based Lombard Risk LONDON, 06-Mar-2018 — /EuropaWire/ — The EBRD is supporting the expansion of banking and insurance software developer Vermeg with a €25 million loan to fund their acquisition of Lombard Risk, a … Read the full press release

AXA to acquire 100% of XL Group Ltd, global Property & Casualty commercial lines insurer and reinsurer

A major leap forward in AXA’s strategic journey Creating the leading global P&C Commercial lines player across all lines Strong complementarities expected to fuel future earnings growth and value creation Effective use of proceeds from the planned US IPO and intended subsequent sell-downs, at Ambition 2020 targets reaffirmed … Read the full press release

Cisco, Apple, Aon and Allianz announce new solution that covers the primary dimensions of cyber protection for businesses

Cisco, Apple, Aon and Allianz have announced a new cyber risk management solution for U.S. businesses, comprised of cyber resilience evaluation services from Aon, the most secure technology from Cisco and Apple, and options for enhanced cyber insurance coverage from … Read the full press release