Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

Torsten Jeworrek of Munich Re: Cyber risks are one of the biggest threats to the networked economy

Cyber risks are one of the biggest threats to the digital and networked economy The most important thing for companies is to ensure they have the best possible technical prevention Munich Re is developing insurance products and services that offer … Read the full press release

Allianz: John Studzinski appointed Managing Director and Vice Chairman of PIMCO

Mr. Studzinski will take a leading role in PIMCO’s expanding global strategy. He will serve as a key advisor to the firm’s top clients globally alongside the client management teams and senior leadership. He brings to PIMCO more than 30 … Read the full press release

Munich Re to acquire software company relayr for US$ 300m

Via its subsidiary HSB, Munich Re is to acquire the tech company relayr, of which it will hold 100% of the shares upon completion Relayr is valued at US$ 300m Relayr offers industrial players end-to-end solutions in the area of … Read the full press release

Tokio Marine appoints Daljitt Barn to the newly-created post of global head of cyber risk

LONDON, 05-Sep-2018 — /EuropaWire/ — Leading international insurance group Tokio Marine Holdings (TMH) has appointed Daljitt Barn to the newly-created post of global head of cyber risk. Barn – who will be based in London – joins from Munich Re … Read the full press release

Aviva research into UK’s school lunchboxes reveals that many packed lunches may contain significant amounts of hidden sugar and unhealthy treats

58% of parents believe lunches prepared at home are healthier than school dinners, but are they? 6.6 million (75%) UK schoolchildren tuck into a packed lunch each day. Parents believe lunches prepared at home are the healthier option but biscuits, … Read the full press release

Allianz Partners to establish three new innovation centers focusing on travel, health and assistance

PARIS, 03-Sep-2018 — /EuropaWire/ — Leveraging its knowledge and expertise in assistance, automotive, health and travel protection, Allianz Partners further embraces technological disruption and redefines insurance by establishing three new innovation centers focusing on travel, health and assistance, following the success … Read the full press release

Insurance Europe supports the EU’s efforts to make the European economy greener and more resilient

BRUSSELS, 30-Aug-2018 — /EuropaWire/ — Insurance Europe has published its response to a consultation on the European Commission’s proposal for a regulation to establish a framework to facilitate sustainable investment. It expressed support for the EU’s efforts to make the European economy greener … Read the full press release

US subsidiaries of Aegon reached a settlement with the Securities and Exchange Commission (SEC)

THE HAGUE, 29-Aug-2018 — /EuropaWire/ — Today (August 27, 2018), US subsidiaries of Aegon reached a settlement with the Securities and Exchange Commission (SEC) in the matter of the operation and implementation of asset management quantitative models by Aegon’s US … Read the full press release

Co-op Insurance research reveals that young drivers often worry about dealing with mechanics

Two fifths of young drivers worry about the cost of repairs A fifth find it hard to talk to mechanics Co-op urging young drivers to not let nerves risk safety MANCHESTER, 23-Aug-2018 — /EuropaWire/ — Co-op Insurance is encouraging young drivers to let … Read the full press release

Co-op Insurance partners with Neighbourhood Watch to find and crown the UK’s greatest neighbour

A third of people think they have better neighbours than they did five years ago (33%) 95% of people think they are good neighbours Two fifths (41%) say they speak to their neighbours daily Almost one in three (29%) have … Read the full press release

Aegon to sell its businesses in Czech Republic and Slovakia to NN Group for EUR 155 million

The HAGUE, 16-Aug-2018 — /EuropaWire/ — Aegon has agreed to sell its businesses in Czech Republic and Slovakia for EUR 155 million to NN Group. The transaction is consistent with Aegon’s strategic objective to optimize its portfolio and capital allocation … Read the full press release

AXA Investment Managers – Real Assets exchanged the first pre-letting at Twentytwo in London with Hiscox

PARIS, 14-Aug-2018 — /EuropaWire/ — AXA Investment Managers – Real Assets (“AXA IM – Real Assets”), a global leader in real asset investments and the leading(1) real estate portfolio and asset manager in Europe, announces that it has exchanged the first pre-letting … Read the full press release

Georgina Farrell will be the new HR Director of Liverpool Victoria Friendly Society (LV=)

BOURNEMOUTH, 09-Aug-2018 — /EuropaWire/ — Liverpool Victoria Friendly Society (LV=) has today announced the appointment of Georgina Farrell as Human Resources (HR) Director. Georgina will join LV= on 15 October and replace David Smith who has held the role on an interim … Read the full press release

Prudential plc and Standard Chartered Bank to jointly serve the fast-growing demand for life insurance products and services in Ghana

LONDON, 08-Aug-2018 — /EuropaWire/ — Prudential plc and Standard Chartered Bank have extended their exclusive long-term bancassurance partnership to Ghana to jointly serve the fast-growing demand for life insurance products and services. The exclusive strategic bancassurance partnership between the two organisations … Read the full press release

Babylon’s artificial intelligence expertise will be made available to existing and new customers of Prudential across Asia

Providing Accessible and Affordable Healthcare across Asia HONG KONG, China/ LONDON, UK, 08-Aug-2018 — /EuropaWire/ — Prudential Corporation Asia (“Prudential”) (2378.HK) today announced it has entered into an exclusive partnership agreement with UK-based healthcare technology and services company Babylon Health (“Babylon”)1. … Read the full press release

Swiss Re and Security First Insurance partner on breakthrough in flood protection for Florida residents

ZURICH, 31-Jul-2018 — /EuropaWire/ — Swiss Re and Security First Insurance have entered into an agreement that enables Florida residents to include water damage, including flood coverage, in their homeowners policy. The joint venture represents a breakthrough in flood protection as … Read the full press release

Prudential’s Eastspring Investments to initially acquire 65% of leading asset management company in Thailand TMB Asset Management

LONDON, 27-Jul-2018 — /EuropaWire/ — Eastspring Investments (“Eastspring”), the Asian asset management business of Prudential plc (“Prudential”), has reached an agreement to initially acquire 65 per cent of TMB Asset Management Co., Ltd. (“TMBAM”), a leading asset management company in Thailand, … Read the full press release

Allianz Partners to acquire 100 percent of the share capital of Servicios Compartidos Multiasistencia, S.L. from Portobello Capital and minority shareholders

The acquisition strengthens Allianz Partners’ leadership in the home and assistance market and enhances Multiasistencia’s development capabilities and geographical reach It supports Allianz Partners’ growth ambition in key markets The transaction would see Multiasistencia remain an independent and market neutral … Read the full press release

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