Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

LV= to sell residual stake in LV= General Insurance to Allianz Group for up to £365 million

BOURNEMOUTH, 31-May-2019 — /EuropaWire/ — Liverpool Victoria Friendly Society to sell its residual 30.1 percent stake in LV= General Insurance to Allianz Group for up to £365 million. At the completion of the sale, Allianz will own 100% of LV=GI … Read the full press release

Aegon’s 50% stake in the variable annuity joint ventures in Japan sold to partner Sony Life for EUR 130 million

THE HAGUE, 17-May-2019 — /EuropaWire/ — Aegon‘s partner in the variable annuity joint ventures in Japan Sony Life takes over its 50% stake. The transaction is for approximately EUR 130 million (JPY 16 billion). Commenting on the acquisition, Alex Wynaendts, … Read the full press release

LR certifies the Scottish White Fish Producers Association (SWFPA) against the Responsible Fishing Scheme (RFS)

LONDON, 10-May-2019 — /EuropaWire/ — Europe’s largest fishing association, the Scottish White Fish Producers Association (SWFPA), has become the world’s first ever certified as group certification under the Responsible Fishing Scheme (RFS). Lloyd’s Register (LR), the global certification body and … Read the full press release

Natixis to issue green structured note in Groupe Gan Vie life insurance policies aimed at supporting the fight against climate change

PARIS, 29-Apr-2019 — /EuropaWire/ — Natixis and Groupama Group‘s subsidiary Groupama Gan Vie will launch the first green structured note aimed at supporting the energy transition. The innovative unit-linked insurance product will be issued by Natixis (Issuer: Natixis S.A. [Standard … Read the full press release

Leadership changes at Aviva plc

LONDON, 24-Apr-2019 — /EuropaWire/ — Aviva has announced that Aviva’s Group Chief Risk Officer Angela Darlington will assume the interim CEO position of UK Insurance as Andy Briggs has decided to step down as CEO UK Insurance and as a … Read the full press release

Coface acquires market leader in credit insurance in Slovenia

Bois-Colombes, France, 15-Apr-2019 — /EuropaWire/ — Coface supports its strategy of profitable growth in Central & Eastern Europe region with the acquisition of SID – PKZ, the market leader in credit insurance in Slovenia with a high market share. The … Read the full press release

Capgemini positioned as a Leader on the Everest Group Life & Pensions Insurance Digital Services PEAK Matrix(tm) 2019

PARIS, 9-Apr-2019 — /EuropaWire/ — Everest Group’s inaugural Life & Pensions (L&P) Digital Services PEAK MatrixTM sees Capgemini among the leaders. Capgemini’s ability to gain global insights through its consulting heritage along with its robust digital services, and partnerships with … Read the full press release

Sampo Group welcomes Kai Sotamaa as Chief Risk Officer

HELSINKI, 2-Apr-2019 — /EuropaWire/ — Sampo Group announces the appointment of Kai Sotamaa as Chief Risk Officer as of 1 April 2019. Sotamaa, 48, has previously worked as Head of Risk Management at Ilmarinen and as Financial Economist at Bank … Read the full press release

The first Italian digital insurance services and brokerage Yolo gets investment from Intesa Sanpaolo Group

MILAN, 29-Jan-2019 — /EuropaWire/ —  Yolo, the first Italian digital insurance services and brokerage group, founded by Simone Ranucci Brandimarte and Gianluca De Cobelli in 2017 is raising Series A €5 million funding round to accelerate its industrial development process and begin the … Read the full press release

Generali’s new € 500 million subordinated bond attracted around 450 orders for more than € 6.5 billion, over 13 times the target size

TRIESTE, 22-Jan-2019 — /EuropaWire/ — Generali today launched a subordinated bond with a 10 years bullet format targeting institutional investors for an overall amount of € 500 million. At the initial yield guidance of 4.625%, the issuance attracted around 450 orders … Read the full press release

Gemalto and Société de l’assurance automobile du Québec to make secure and innovative health insurance cards for the Régie de l’assurance maladie du Québec (RAMQ)

AMSTERDAM, 17-Jan-2019 — /EuropaWire/ — Gemalto (Euronext NL0000400653 – GTO), the world leader in digital security, and the Société de l’assurance automobile du Québec (SAAQ) have been chosen to produce secure and innovative health insurance cards for the Régie de … Read the full press release

A.M. Best Rating Services upgraded Generali’s Long–Term Issuer Credit Rating to “a+” from “a”

TRIESTE, 11-Jan-2019 — /EuropaWire/ — AM Best announced today that it has upgraded Generali’s Long–Term Issuer Credit Rating (Long–Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent). The outlook of the Long-Term ICR … Read the full press release

Assicurazioni Generali closes the sale of its entire stake in Generali Belgium SA to Athora Holding

TRIESTE, 03-Jan-2019 — /EuropaWire/ — Assicurazioni Generali SpA announces the closing of the sale of its entire stake in Generali Belgium SA to Athora Holding Ltd. in line with the terms already announced to the market on April 18, 2018. The … Read the full press release

Groupe AXA: Près de 24 000 collaborateurs issus de 36 pays ont souscrit à Shareplan 2018

PARIS, 03-Jan-2019 — /EuropaWire/ — AXA a annoncé le 24 août dernier le lancement de son offre d’actionnariat salarié « Shareplan 2018 », augmentation de capital réservée à ses collaborateurs tant en France qu’à l’international. Près de 24 000 collaborateurs … Read the full press release

Centrica Consumer division CEO Mark Hodges will be the new CEO of ReAssure from 1 March 2019

As part of the preparation towards a potential initial public offering (IPO) of ReAssure, Swiss Re announces Mark Hodges, currently Chief Executive Officer of Centrica Consumer division, as new CEO of ReAssure from 1 March 2019. The new CEO will … Read the full press release

Zurich Insurance plc to transfer its pre-2007 UK legacy employers’ liability policies to Catalina

Portfolio includes gross liabilities of USD 2 billion Transaction will be completed in two steps Transaction is expected to have a small negative impact on business operating profit in the fourth quarter of 2018 and a small positive impact on … Read the full press release

Zurich to nominate Jasmin Staiblin for a position on its Board

Election will take place at the next Annual General Meeting David Nish will not stand for re-election ZURICH, 14-Dec-2018 — /EuropaWire/ — Ms. Staiblin is currently the Chief Executive Officer of Alpiq, a leading Swiss energy services provider and electricity … Read the full press release

Elimination of age restriction for elective offices proposal to be voted on Assicurazioni Generali’s next Shareholders’ Meeting

ROME, 13-Dec-2018 — /EuropaWire/ — At a meeting chaired by Gabriele Galateri di Genola, the Assicurazioni Generali Board of Directors today resolved by majority vote to submit to the next Shareholders’ Meeting the proposal to eliminate the age limit restriction to … Read the full press release

QBE further expands SME product distribution by launching Office insurance on Open GI’s commercial platform, Powerplace

Business insurance specialist QBE has further expanded its SME product distribution by launching Office insurance on Open GI’s commercial platform, Powerplace. WORCESTER, 27-Nov-2018 — /EuropaWire/ — The launch will see the product available across all Open GI broker platforms including Mobius … Read the full press release

Aegon subsidiary in the UK strengthened its existing partnership with Atos

THE HAGUE, 22-Nov-2018 — /EuropaWire/ — Aegon today announces that its subsidiary in the United Kingdom has strengthened its existing partnership with Atos, signing a 15-year contract to service and administer its Existing Business (non-platform customers). This will further improve … Read the full press release

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