Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

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

Hong Kong’s Innovation and Technology Venture Fund Becomes Strategic Financial Investor of Ignatica

The Innovation and Technology Venture Fund (ITVF) invested in its first insurtech startup, Switzerland, and Hong Kong-based Ignatica, the insurance policy administration platform. (PRESS RELEASE) ZÜRICH, 7-Jul-2021 — /EuropaWire/ — Ignatica, the insurance policy administration platform that offers digital self-service … Read the full press release

Aviva report on the impact of the Covid-19 pandemic on UK workers

Employee life satisfaction has dropped by 10 percentage points since the start of the pandemic almost three in five are neglecting their physical health due to work and half said they don’t know how much to save for retirement. However, … Read the full press release

Aviva’s property and facilities director Stuart Wright awarded the Living Wage Lifetime Achievement Award

Stuart guided Aviva to its accreditation in 2012, and then oversaw the insurer becoming a Principal Partner organisation and joining the Foundation’s Advisory Council in 2014 In 2016, Stuart demonstrated his commitment to the movement by becoming the second Chair … Read the full press release

Aegon names Allegra van Hövell-Patrizi as CEO of Aegon the Netherlands

(PRESS RELEASE) THE HAGUE, 15-Jun-2021 — /EuropaWire/ — Dutch multinational life insurance, pensions and asset management company, Aegon announces the appointment of Allegra van Hövell-Patrizi (1974) as the new CEO of Aegon the Netherlands. Allegra succeeds Maarten Edixhoven and is … Read the full press release

Aviva completes sale of its entire shareholding in AvivaSA Emeklilik ve Hayat AS

(PRESS RELEASE) LONDON, 6-May-2021 — /EuropaWire/ — British multinational insurance company Aviva plc (“Aviva”) announces completion of sale of its entire 40% shareholding in the Turkish life insurance and pensions joint venture, AvivaSA Emeklilik ve Hayat AS (“AvivaSA”), to Ageas … Read the full press release

Allianz releases Sustainability Report 2020, new climate strategy and targets

High customer satisfaction, most attractive employer in the insurance industry and more female managers  Significant reduction in greenhouse gas emissions from business operations   Expansion of guidelines for carbon-based business models in property and casualty insurance and proprietary investments from 2023 … Read the full press release

Leading reinsurer Swiss Re and automotive technology company Veoneer partner over advanced driver assistance systems (ADAS)

Leading reinsurer and automotive technology company join forces on assessment of ADAS technology Veoneer to profit from Swiss Re’s data and knowledge to improve ADAS technology Veoneer’s expertise on ADAS hardware and software technologies to feed into and enhance Swiss … Read the full press release

LV= survey reveals how millions of Brits have become forced savers during the coronavirus pandemic

72% (38m) UK adults said that in the last 12 months their household saved money as a result of reduced spending due to Covid-19 (E.g. reduced commuting costs, childcare costs, eating out costs Those that saved money saved on average … Read the full press release

AXA’s Board of Directors appoints Antoine Gosset-Grainville as Chairman effective on Denis Duverne’s retirement in April 2022

Successful conclusion of a comprehensive succession process (PRESS RELEASE) PARIS, 12-Mar-2021 — /EuropaWire/ —  French multinational insurance firm AXA announces that Antoine Gosset-Grainville will succeed Denis Duverne, as Chairman of AXA’s Board of Directors, as the latter will retire at … Read the full press release

Aviva announces the sale of its remaining Life and General Insurance businesses in Italy

(PRESS RELEASE) LONDON, 4-Mar-2021 — /EuropaWire/ — Aviva’s transformation to focus on its strongest businesses continues and thus announces its exit from Italy with the sale of its remaining Italian Life and General Insurance businesses (“Aviva Italy”) for €873m in … Read the full press release

Allianz to consolidate its leading position in the Italian P/C market with the acquisition of Aviva Italia S.p.A.

Allianz to acquire the Italian P/C entity of Aviva Group, including  almost 500 agents Transaction worth 330 million euros (PRESS RELEASE) MILAN, 4-Mar-2021 — /EuropaWire/ — Allianz S.p.A. announces the acquisition of Aviva Italia S.p.A., the Italian P/C entity of … Read the full press release

Aviva commits to become a Net Zero carbon emissions company by 2040

Aviva takes on the most demanding target of any major insurance company in the world today (PRESS RELEASE) LONDON, 1-Mar-2021 — /EuropaWire/ — British multinational insurance company Aviva announces its plan to become a Net Zero carbon emissions company by … Read the full press release

Aviva announces new partnership agreement with UK cancer charity Macmillan Cancer Support

(PRESS RELEASE) LONDON, 15-Feb-2021 — /EuropaWire/ — British multinational insurance company Aviva to help its protection customers living with cancer get access to the emotional, clinical and financial support they need through a new partnership agreement with leading UK cancer … Read the full press release