Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

Generali celebrates a landmark step in its expansion in Russia with the opening of representative office in Moscow

Important milestone in Generali´s expansion in Russia Building on a rich history of Generali in Russia and Central and Eastern Europe MILAN, 01-Nov-2018 — /EuropaWire/ — The Representative Office of Generali in Moscow was officially opened on 31 October 2018 by … Read the full press release

Tokio Marine Kiln to close its Hong Kong office

LONDON, 26-Oct-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK) today announced a reorganisation of its Asian operations based primarily in Singapore with supporting offices in Hong Kong and Shanghai. TMK will be closing its Hong Kong office with immediate effect … Read the full press release

Insurance associations call on the International Accounting Standards Board (IASB) for a delay of the IFRS 17 for insurance contracts

BRUSSELS, 18-Oct-2018 — /EuropaWire/ — A global group of nine insurance associations has written a joint letter to Hans Hoogervorst, chair of the International Accounting Standards Board (IASB), that highlights the industry’s concerns about the International Financial Reporting Standard (IFRS) 17 … Read the full press release

Allianz Real Estate reached 60.1 billion euros in assets under management at the end of June 2018

Worldwide diversification over asset classes, investment styles and structures drives assets under management to 60.1 billion euros at the end of June 2018 European financing team reaches 6.8 billion euros with a focus on prime investments on a Pan European … Read the full press release

AXA join forces with Liverpool Football Club as its Official Global Insurance Partner

PARIS, 08-Oct-2018 — /EuropaWire/ — AXA reignites its sponsorship strategy and is proud to join forces with one of the most famous names in sport. The multi-year partnership with English Premier League legends Liverpool Football Club (“Liverpool FC”) sees AXA … Read the full press release

PIMCO enhances its muni platform and capabilities for clients with the acquisition of Gurtin Municipal Bond Management

In acquiring Gurtin Municipal Bond Management, which serves high and ultra-high net worth individuals, PIMCO invests in broadening and enhancing its muni platform and capabilities for clients. The combined business will manage $38 billion in dedicated municipal bond assets with … Read the full press release

Capgemini publishes inaugural edition of the World InsurTech Report

World InsurTech Report 2018: Collaborative approach between incumbent insurers and InsurTechs gains traction As new competition looms and tech investment reaches new highs, collaboration is the key to unlocking enhanced customer experience PARIS, 04-Oct-2018 — /EuropaWire/ — The insurance technology (InsurTech) … Read the full press release

Capgemini named a Star Performer and Leader in the 2018 Everest Group Insurance Application Services PEAK Matrix

Strategic InsurTech investments and focused acquisitions result in Capgemini delivering innovative end-to-end business transformation PARIS, 04-Oct-2018 — /EuropaWire/ — Capgemini today announced that is has been named a “Leader” and “Star Performer” in Everest Group’s PEAK MatrixTM[1] for Insurance Application Services for the … Read the full press release

Prudential announces the appointment of Mike Evans as Chair of M&G Prudential

LONDON, 02-Oct-2018 — /EuropaWire/ — Prudential plc today announces the appointment of Mike Evans as Chair of M&G Prudential in preparation for its planned demerger. He joins the Board of M&G Prudential with immediate effect. Mr Evans has 36 years … Read the full press release

Aviva colleagues across the UK can now gain qualifications as they work through Unite the Union partnership

LONDON, 02-Oct-2018 — /EuropaWire/ — Thousands of Aviva colleagues across the UK are being given the chance to gain qualifications as they work, thanks to a new Learning Agreement between the insurer and Unite the Union. Following a successful pilot … Read the full press release

Aviva announces the launch of the World Benchmarking Alliance (WBA) to help businesses achieve the Sustainable Development Goals (SDGs)

LONDON, 25-Sep-2018 — /EuropaWire/ — Today (24 SEP 2018), Aviva, Index Initiative, and the United Nations Foundation announce the launch of the World Benchmarking Alliance (WBA), with the aim of helping businesses do more to achieve the Sustainable Development Goals … Read the full press release

Generali becomes the presenting sponsor and will support the international growth of Barcolana

TRIESTE, 25-Sep-2018 — /EuropaWire/ — The Sailing Club Società Velica di Barcola e Grignano (SVBG) and Assicurazioni Generali have signed an agreement to renew their 40-year partnership. Generali will be presenting sponsor and will support the international growth of Barcolana for … Read the full press release

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