Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

Allianz Trade Highlights Need for Risk Management in Light of Forecasted Increase in Global Insolvencies

(IN BRIEF) Allianz Trade, the world’s leading trade credit insurer, has released its Global Insolvency Report, predicting a +21% increase in global insolvencies in 2023 and a further +4% rise in 2024. The report warns that prolonged pressure on profitability, … Read the full press release

Zurich Insurance Group announces successful AGM with full Board re-election

(IN BRIEF) Zurich Insurance Group’s shareholders have confirmed Michel M. Liès as Chairman of the Board of Directors at the Annual General Meeting. All the other current Board members have also been elected. The Board comprises 12 members, with equal … Read the full press release

Allianz Trade partners with Singapore-based Bueno.money for B2B e-commerce venture

(IN BRIEF) Allianz Trade has entered into the B2B e-commerce space with Bueno.money, a Singapore-based Buy-Now-Pay-Later (BNPL) player, through its credit solution E-commerce Credit Insurance. This allows Bueno.money to offer a deferred payment solution to e-merchants in real-time with credit … Read the full press release

Aegon to Focus on Core Activities, Sells UK Protection Book to Royal London

(IN BRIEF) Aegon UK has sold its individual protection book to Royal London as part of its strategy to focus on core Retail and Workplace platform activities in the UK. The portfolio of life, critical illness, and income protection policies … Read the full press release

Societe Generale doubles start-up participants in sustainability-focused incubator programme

(IN BRIEF) Societe Generale’s Global Markets Incubator has welcomed 11 sustainability-focused start-ups to its program, selected from over 140 applicants addressing the finance industry’s ESG concerns, including carbon emissions quantification, impact tracking and measurement, and biodiversity. Participants in the six-month … Read the full press release

Aviva insures £400m in pension liabilities for DB (UK) Pension Scheme

(IN BRIEF) Aviva has completed a £400 million bulk purchase annuity buy-in transaction with the trustees of the DB (UK) Pension Scheme, which will insure the defined benefit pension liabilities for almost 1,300 members, removing the investment and longevity risk … Read the full press release

Iberdrola and MAPFRE add 150 MW photovoltaic capacity to joint investment in renewable energies

(IN BRIEF) Iberdrola and MAPFRE have increased their strategic alliance in the energy sector in Spain by adding 150 new photovoltaic megawatts (MW) to Energías Renovables Ibermap, bringing the total to 445 MW. This includes 295 MW of wind power … Read the full press release

Majority of Advisers Expect Significant Changes to Processes for Compliance with Consumer Duty, Says Aviva

(IN BRIEF) A new survey by Aviva has found that over 80% of advisers in the UK believe that the upcoming Consumer Duty regulation feels like a rebranded version of TCF (Treating Customers Fairly). However, the Consumer Duty ranks low … Read the full press release

Aviva Reports 98.3% Claims Paid Rate in Individual Protection Policies

(IN BRIEF) Aviva has paid out more than £1bn ($1.39bn) across life insurance, critical illness, income protection, and other individual protection policies, exceeding £2.9m being paid out every single day in 2022. The claims paid rate of 98.3% across all … Read the full press release

Eurex introduces Bitcoin index futures in partnership with FTSE Russell

(IN BRIEF) Eurex, the leading European derivatives exchange, has announced that it will launch Bitcoin index futures on April 17, 2023. Developed in partnership with FTSE Russell and Digital Asset Research, the new FTSE Bitcoin Index Futures contract aims to … Read the full press release

Aviva leads the way in meeting new Living Pension savings target

(IN BRIEF) The Living Wage Foundation has introduced the Living Pension, a voluntary pension savings target for employers who have achieved Living Wage accreditation. Aviva is among the first UK employers to be awarded the Living Pension accreditation. The pension … Read the full press release

Prudence Foundation launches web-based game to teach kids financial literacy

(IN BRIEF) The Prudence Foundation has launched a new web-based learning game to promote financial literacy among 7-12 year-olds. The Cha-Ching Money Adventures game was created in partnership with the US-based not-for-profit education and health organisation Education Development Center and … Read the full press release

Experian’s digital employment and income verification service now covers 77% of UK employees

(IN BRIEF) Experian has partnered with The Access Group to allow UK employees who use Access Group’s payroll software to digitally share their payroll information through Experian’s Work Report™, the UK’s first digital employment and income verification service. This allows … Read the full press release

Accenture to bolster finance and risk management capabilities with Optimind acquisition

(IN BRIEF) Accenture has announced plans to acquire Optimind, a Paris-based consulting firm that specializes in offering advisory services and solutions for the insurance and banking industries. Optimind provides consulting services to help its clients overcome major challenges in areas … Read the full press release

Experian to collaborate with Nottingham University Hospitals NHS Trust to offer financial support to employees

(IN BRIEF) Experian is partnering with Nottingham University Hospitals (NUH) NHS Trust to offer financial support to NUH employees. The initiative will include two “Money Clinics” that will provide guidance and support for the Trust’s 18,000 members of staff on … Read the full press release

Experian partners with Credit Strategy to host 7th annual Credit Awareness Week

  (IN BRIEF) Experian has teamed up with Credit Strategy to launch Credit Awareness Week for the seventh consecutive year, aiming to help people better understand how credit information works, and address misconceptions around credit scores and reports. This year, … Read the full press release

Allianz streamlines commercial insurance with new integrated approach

(IN BRIEF) Allianz Group has announced that it will establish an integrated approach to serve the global commercial insurance sector under the name Allianz Commercial. The new approach will bring together the Allianz Global Corporate & Specialty (AGCS) business that … Read the full press release

Aviva and Stories partner to invest in UK real estate for community facilities and affordable housing

(IN BRIEF) Insurance company Aviva has partnered with property developer Stories to invest £100m in UK real estate and infrastructure projects. The venture will mark the first funding commitment from Aviva Capital Partners, Aviva’s new in-house capital unit which develops … Read the full press release

SEB Venture Capital investe in insurtech Hedvig nel round di finanziamento Adelis Equity

(NOTIZIA IN BREVE) La banca svedese SEB ha annunciato una partnership strategica con Hedvig, una società nordica di insurtech, che fornisce assicurazioni sulla proprietà a privati. Nell’ambito della partnership, SEB Venture Capital effettuerà un investimento strategico in Hedvig. La società … Read the full press release

SEB Venture Capital invests in insurtech Hedvig in Adelis Equity financing round

(IN BRIEF) Swedish bank SEB has announced a strategic partnership with Hedvig, a Nordic insurtech company, which provides property insurance to private individuals. As part of the partnership, SEB Venture Capital will make a strategic investment in Hedvig. The company … Read the full press release

Aktia named best fixed-income fund house in Finland in Morningstar Awards

(IN BRIEF) Aktia has been named the best fixed-income fund house in Finland in the Morningstar Awards 2022 comparison, and its Aktia Wealth Allocation+ Moderate B was selected as the best balanced fund in the country. Morningstar ranks fund houses … Read the full press release

Aviva sostiene Woodland Trust con una donazione di 10 milioni di sterline per finanziare progetti di rimozione del carbonio e biodiversità

(NOTIZIA IN BREVE) Aviva, una delle principali compagnie assicurative del Regno Unito, ha donato 10 milioni di sterline al Woodland Trust per sostenere il loro Woodland Carbon Scheme. La donazione finanzierà una serie di progetti in una varietà di siti … Read the full press release

Aviva supports Woodland Trust with £10 million donation to fund carbon removal and biodiversity projects

(IN BRIEF) Aviva, one of the UK’s leading insurance companies, has donated £10 million to the Woodland Trust to support their Woodland Carbon Scheme. The donation will fund a number of projects at a variety of Woodland Trust sites, including … Read the full press release

Groupe BPCE se une a Scope Group como accionista para desafiar el mercado de calificaciones crediticias dominado por EE. UU.

(NOTICIA EN BREVE) Groupe BPCE se ha convertido en accionista de Scope Group, el principal proveedor independiente de calificación crediticia, análisis ESG e investigación de fondos en Europa. Este movimiento respalda una iniciativa europea para desafiar el mercado de calificaciones … Read the full press release

Groupe BPCE Joins Scope Group as Shareholder to Challenge US-Dominated Credit Ratings Market

(IN BRIEF) Groupe BPCE has become a shareholder in Scope Group, the leading independent credit rating, ESG analysis, and fund research provider in Europe. This move supports a European initiative to challenge the US-dominant credit ratings market. The existing base … Read the full press release

Crédit Agricole Assurances adquiere el 50% de la cartera de energías renovables de TotalEnergies

(NOTICIA EN BREVE) Crédit Agricole Assurances está adquiriendo el 50% de una cartera de energía renovable de TotalEnergies con una capacidad total de 234 MW, que consta de 23 plantas de energía solar y 6 plantas de energía eólica. 25 … Read the full press release

Crédit Agricole Assurances Acquires 50% of Renewable Energy Portfolio from TotalEnergies

(IN BRIEF) Crédit Agricole Assurances is acquiring 50% of a renewable energy portfolio from TotalEnergies with a total capacity of 234 MW, consisting of 23 solar power plants and 6 wind power plants. 25 of the power plants are already … Read the full press release

Swiss Re divise l’unité commerciale de réassurance en P&C Re et L&H Re

(ACTUALITÉ EN BREF) Swiss Re, une société de réassurance mondiale de premier plan, prévoit de simplifier sa structure organisationnelle pour améliorer l’efficacité, l’expérience client et l’efficacité globale, en attendant l’approbation réglementaire. L’unité commerciale de réassurance sera divisée en P&C Re … Read the full press release

Swiss Re Divides Reinsurance Business Unit into P&C Re and L&H Re

(IN BRIEF) Swiss Re, a leading global reinsurance company, plans to simplify its organizational structure to improve efficiency, client experience, and overall effectiveness, pending regulatory approval. The Reinsurance Business Unit will be divided into P&C Re and L&H Re, with … Read the full press release

Strategic Partnership Sees Jaguar Land Rover and BNP Paribas Innovate in Mobility Financing

(IN BRIEF)BNP Paribas, a leading European bank, and Jaguar Land Rover, a British multinational automobile manufacturer with focus on luxury and sport utility vehicles, have launched a new suite of mobility financing services across nine European markets as part of … Read the full press release

Un partenariat stratégique voit Jaguar Land Rover et BNP Paribas innover dans le financement de la mobilité

(COMMUNIQUÉ DE PRESSE) PARIS, 20-Jan-2023 — /EuropaWire/ — BNP Paribas (EPA: BNP), la première banque de l’Union européenne et Jaguar Land Rover ont lancé une suite de nouveaux services de financement de la mobilité sur neuf marchés européens dans le … Read the full press release

Catherine Chia to succeed Jolene Chen as a new HR at Prudential

(PRESS RELEASE) LONDON, 12-Jan-2023 — /EuropaWire/ — Prudential plc (LON: PRU), a British multinational life and health insurance company, has announced the retirement of Jolene Chen, Group Human Resources Director. The company has also announced the appointment of Catherine Chia … Read the full press release

Catherine Chia succède à Jolene Chen en tant que nouvelle RH chez Prudential

(COMMUNIQUÉ DE PRESSE) LONDRES, 12-Jan-2023 — /EuropaWire/ — Prudential plc (LON: PRU), une multinationale britannique de l’assurance-vie et santé, a annoncé le départ à la retraite de Jolene Chen, directrice des ressources humaines du groupe. La société a également annoncé … Read the full press release

AXA renews the mandate of its AXA Research Fund for five more years, supporting the exploration of emerging risks and partnerships with academic experts around major societal issues

(PRESS RELEASE) PARIS, 12-Jan-2023 — /EuropaWire/ — AXA (EPA: CS), a French multinational insurance and asset management firm, has announced that it has renewed the mandate of the AXA Research Fund for five years. The fund, one of the largest … Read the full press release

AXA erneuert das Mandat seines AXA Research Fund um fünf weitere Jahre und unterstützt die Erforschung neu auftretender Risiken und Partnerschaften mit akademischen Experten zu wichtigen gesellschaftlichen Themen

(PRESSEMITTEILUNG) PARIS, 12-Jan-2023 — /EuropaWire/ — AXA (EPA: CS), ein französisches multinationales Versicherungs- und Vermögensverwaltungsunternehmen, hat bekannt gegeben, dass es das Mandat des AXA Research Fund um fünf Jahre verlängert hat. Der Fonds, eine der größten wissenschaftlichen Philanthropie-Initiativen im Privatsektor, … Read the full press release

Aegon Announces EUR 42.5 Million Share Repurchase for Senior Management Compensation

(PRESS RELEASE) THE HAGUE, 6-Jan-2023 — /EuropaWire/ — Aegon N.V. (AMS: AGN), Dutch multinational life insurance, pensions and asset management company, has announced it will repurchase common shares for a total of EUR 42.5 million in order to fulfill obligations … Read the full press release

Aegon annuncia il riacquisto di azioni per 42,5 milioni di euro per il compenso del senior management

(COMUNICATO STAMPA) THE HAGUE, 6-Jan-2023 — /EuropaWire/ — Aegon N.V. (AMS: AGN), Società multinazionale olandese di assicurazioni sulla vita, pensioni e asset management, ha annunciato che riacquisterà azioni ordinarie per un totale di 42,5 milioni di euro al fine di … Read the full press release

Crédit Agricole Assurances to offer non-life insurance products through the distribution network of Banco BPM, the third largest retail and corporate banking conglomerate in Italy

(PRESS RELEASE) MONTROUGE, 23-Dec-2022 — /EuropaWire/ — Credit Agricole Group (EPA: ACA), the world’s largest cooperative financial institution and France’s 2nd largest bank, has announced that its subsidiary Crédit Agricole Assurances (CAA) will establish a long-term bancassurance partnership with Banco … Read the full press release

Crédit Agricole Assurances bietet Nichtlebensversicherungsprodukte über das Vertriebsnetz von Banco BPM an, dem drittgrößten Bankenkonglomerat für Privat- und Firmenkunden in Italien

(PRESSEMITTEILUNG) MONTROUGE, 23-Dec-2022 — /EuropaWire/ — Credit Agricole Group (EPA: ACA), das weltweit größte genossenschaftliche Finanzinstitut und Frankreichs zweitgrößte Bank, hat bekannt gegeben, dass seine Tochtergesellschaft Crédit Agricole Assurances (CAA) wird eine langfristige Bancassurance-Partnerschaft mit Banco BPM (BBPM) (BIT: BAMI), … Read the full press release

Munich Re to establish an additional Board division with focus on specialty primary insurance

Additional Board division „Global Specialty Insurance” Michael Kerner newly appointed to the Board of Management (PRESS RELEASE) MUNICH, 15-Dec-2022 — /EuropaWire/ — Munich Re (ETR: MUV2), a German multinational global provider of reinsurance, primary insurance and insurance-related risk solutions, has … Read the full press release