Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

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

Allianz strengthens its presence in the Sri Lankan life insurance industry with the acquisition of Janashakthi General Insurance Limited

Allianz, the global financial services leader, announced that it has entered into an agreement with Janashakthi Insurance PLC (“JINS”) to acquire 100 percent of its subsidiary Janashakthi General Insurance Limited (“JGIL”) for 16.4 billion Sri Lankan rupees (85.9 million euros).  … Read the full press release

Generali completes the sale of Generali Nederland N.V. to ASR Nederland N.V.

TRIESTE, 06-Feb-2018 — /EuropaWire/ — Assicurazioni Generali SpA announces that it has completed the sale of its entire shareholding in Generali Nederland N.V. (and its subsidiaries) to ASR Nederland N.V., one of the leading insurance groups operating in Holland. This … Read the full press release

Aviva introduces automated bulk transfers

LONDON, 06-Feb-2018 — /EuropaWire/ — Aviva, one of the largest providers of workplace pensions in the UK, has introduced automated bulk transfers using the Origo Options Bulk Transfers service to quickly and securely transfer schemes with hundreds of members. Colin Williams, … Read the full press release

Tokio Marine Kiln appoints Alex Jomaa as Cyber Underwriter

LONDON, 02-Feb-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has appointed Alex Jomaa as Cyber Underwriter. He takes up the role immediately and will report to Laila Khudairi, Head of Enterprise Risk in London.  An award winning expert in his field with a … Read the full press release

Norges Bank to exclude nine companies from the Government Pension Fund Global

OSLO, 17-Jan-2018 — /EuropaWire/ — Norges Bank has decided to exclude nine companies from the Government Pension Fund Global. In addition, one company has been placed under observation. The companies Evergreen Marine Corp (Taiwan) Ltd, Korea Line Corp, Precious Shipping PCL … Read the full press release

Prudential to host series of nationwide ‘Planning Matters’ seminars for financial advisers

LONDON, 11-Jan-2018 — /EuropaWire/ — Prudential will begin 2018 by hosting a series of nationwide ‘Planning Matters’ seminars for financial advisers. At the sessions, which run from 24 January to 22 March 2018 and cover 21 locations across the UK, Prudential’s … Read the full press release

Siam Commercial Bank Public Company Limited and Prudential Life Assurance (Thailand) Public Company Limited to establish a bancassurance partnership in Thailand

BANGKOK, Thailand, 10-Jan-2018 — /EuropaWire/ — Siam Commercial Bank Public Company Limited (“SCB”), a leading bank in Thailand, and Prudential Life Assurance (Thailand) Public Company Limited (“Prudential Thailand”), a subsidiary of Prudential plc, have agreed to establish a bancassurance partnership to … Read the full press release

Robinsons Bank and Prudential’s subsidiary Pru Life UK establish bancassurance partnership in the Philippines

QUEZON CITY, Philippines, 10-Jan-2018 — /EuropaWire/ — Gonkongwei-led Robinsons Bank and Prudential’s subsidiary Pru Life UK today announced the establishment of a strategic bancassurance partnership, in the Philippines at a press conference held at Crowne Plaza Galleria Manila. Through this partnership, … Read the full press release

Allianz Group and Liverpool Victoria Friendly Society (LV=) complete the first stage in the creation of their joint venture and strategic partnership

Acquisition of 49 percent stake in LV=’s UK General Insurance businesses by Allianz Group is now completed Transaction creates third-largest personal insurer in the UK market Allianz to pay another 213 million pounds for a further 20.9 percent stake in … Read the full press release

Liverpool Victoria Friendly Society (LV=) completed the planned sale of 49 percent stake in its UK General Insurance businesses to Allianz Group

Bournemouth, UK, 02-Jan-2018 — /EuropaWire/ — Liverpool Victoria Friendly Society (LV=) announces that it has completed the planned sale of a 49 percent stake in its UK General Insurance businesses (LV=GI) to Allianz Group. Total consideration at this first stage of … Read the full press release

Generali appoints Jaime Anchustegui Melgarejo to the newly created position of Group Chief Operations & Insurance Officer

ROME, 15-Dec-2017 — /EuropaWire/ — The Board of Directors of Assicurazioni Generali, which met today under the chairmanship of Gabriele Galateri di Genola, has approved the creation of the new position of Group Chief Operations & Insurance Officer, as proposed … Read the full press release

Euler Hermes named Virginie Fauvel Chief Transformation Officer and Americas region head

Euler Hermes has appointed Virginie Fauvel, as Chief Transformation Officer as of January 15, 2018, and Head of the Americas region as of April 1, 2018. Once her nomination is approved by the Supervisory Board on February 9, 2018, she … Read the full press release