Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

Aviva Introduces Shariah Lifestyle Investment Strategy to Expand Pension Options

(IN BRIEF) Aviva has launched a Shariah-compliant lifestyle investment strategy for workplace pension members, offering automated de-risking and a target drawdown glidepath to enhance retirement planning options. Developed in partnership with HSBC Asset Management, the strategy includes three funds—Global Equity … Read the full press release

Jean-Jacques Henchoz to Step Down from Talanx AG, Clemens Jungsthöfel to Succeed as Head of Reinsurance

(IN BRIEF) Jean-Jacques Henchoz, a member of Talanx AG’s Board of Management and head of the Reinsurance division, will step down on 31 March 2025 after choosing not to extend his contract. Clemens Jungsthöfel, the current Chief Financial Officer and … Read the full press release

Schroders Capital and Hannover Re Win Award for Pioneering Tokenisation of Insurance-Linked Securities

(IN BRIEF) Schroders Capital’s Insurance-Linked Securities team received the Best Decentralised Finance (DeFi) Initiative award at the 2024 Digital Assets Awards for its innovative tokenisation pilot. In partnership with Hannover Re, the pilot demonstrated how reinsurance contracts can be tokenised … Read the full press release

Swiss Re to Sell iptiQ European P&C Business to Allianz Direct, Expanding B2B2C Presence Across Europe

(IN BRIEF) Swiss Re is selling its iptiQ European P&C business to Allianz Direct, including its Luxembourg-based risk carrier, over 100 employees, and existing distribution agreements in several European markets. This move aligns with Swiss Re’s strategy to exit iptiQ, … Read the full press release

Allianz X and AlTi Global Unite to Offer Private Debt Access for Ultra-High-Net-Worth Investors in New Strategic Partnership

(IN BRIEF) Allianz X has partnered with AlTi Global to launch a private markets investment platform tailored for ultra-high-net-worth clients, initially focusing on private debt. Through this joint venture with Allianz Global Investors, the program will provide UHNW investors with … Read the full press release

SACE and Eni Partner to Drive ESG Transformation for Italian SMEs through Integrated Open-es Alliance

(IN BRIEF) SACE and Eni have formed a strategic partnership to boost the sustainability and competitiveness of Italian businesses, particularly SMEs. Through the integration of SACE’s ESG Hub and Eni’s Open-es platform, the alliance will provide companies with enhanced tools … Read the full press release

Insurance Europe Welcomes New Leadership as Thea Utoft Høj Jensen Takes the Helm

(IN BRIEF) Insurance Europe has appointed Thea Utoft Høj Jensen as its new director general, set to succeed Michaela Koller, who has held the position for 18 years. Jensen, a seasoned professional with a background in financial services and European … Read the full press release

Vienna Insurance Group Launches Cyber Risk Solutions to Strengthen Cybersecurity for SMEs

(IN BRIEF) Vienna Insurance Group (VIG) has launched Cyber Risk Solutions GmbH (CyRiSo) to support small and medium-sized businesses in managing cyber risks. CyRiSo provides a range of services, including risk assessments, incident response, and ransomware protection, helping clients mitigate … Read the full press release

CNP Caution and Garantme Partner to Enhance Access to Housing with New Rental Insurance Solution

(IN BRIEF) CNP Caution, a subsidiary of CNP Assurances, has partnered with Garantme to simplify access to housing through a new rental insurance solution. The partnership combines Garantme’s tech expertise with CNP Caution’s insurance experience, offering a rental deposit product … Read the full press release

Aviva Expands Supported Internship Programme for Young Adults with Autism, Offering Work Opportunities in Norwich

(IN BRIEF) Aviva has opened applications for the second year of its Supported Internship Programme, offering young adults with autism valuable work experience at its Norwich offices. The programme, a collaboration between Aviva, DFN Project SEARCH, The Wherry School, Norfolk … Read the full press release

Allianz Report Highlights Surge in Cyber Claims Driven by Data Privacy Issues and Class Action Lawsuits

(IN BRIEF) A recent report by Allianz Commercial highlights significant trends in the cyber insurance landscape, noting a rise in both the frequency and severity of large cyber claims due to data privacy breaches. In the first half of 2024, … Read the full press release

Future Growth Capital Reveals Leadership Team to Enhance Private Market Investments for UK Pension Savers

(IN BRIEF) Future Growth Capital (FGC), the private markets investment manager launched by Schroders plc and Phoenix Group, has announced its senior leadership team to support investment opportunities in private markets for UK pension savers. Paul Forshaw has been appointed … Read the full press release

Thea Utoft Høj Jensen Appointed as New Director General of Insurance Europe, Succeeding Michaela Koller After 18 Years

(IN BRIEF) Insurance Europe has announced that Thea Utoft Høj Jensen will be the new director general, succeeding Michaela Koller, who has held the role for 18 years. Thea, who currently leads Financial Services at FTI Consulting in Brussels, brings … Read the full press release

BBVA and KKR Partner to Invest $200 Million in Global Climate Projects, Driving Low-Carbon Infrastructure

(IN BRIEF) BBVA has formed a strategic partnership with investment firm KKR, committing $200 million to support KKR’s Global Climate Strategy, which focuses on large-scale climate infrastructure projects like energy transition and electrification. The partnership, announced during Climate Week in … Read the full press release

Prudential Strengthens Nigerian Market Position with Full Acquisition of Zenith Life

(IN BRIEF) Prudential plc is acquiring full ownership of Prudential Zenith Life Insurance in Nigeria, enhancing its position in the country and strengthening its bancassurance partnership with Zenith Bank. This move supports Prudential’s strategy to grow its presence in high-potential … Read the full press release

Prudential Partners with Bank Syariah Indonesia to Boost Syariah Insurance Growth in Key ASEAN Market

(IN BRIEF) Prudential has entered into a strategic partnership with Bank Syariah Indonesia (BSI), enabling the company to offer Syariah-compliant life insurance through BSI’s extensive network starting in 2025. This collaboration is seen as a key step for Prudential to … Read the full press release

Aviva Leaders Recognized in 2024 HERoes Role Model Lists for Championing Gender Diversity and Inclusion

(IN BRIEF) Aviva has announced that three of its leaders—Danny Harmer (Chief People Officer), Suzie Nolan (Head of Property, Aviva Ireland), and Anna Dilku (Senior Creative Content Manager)—have been recognized in the 2024 HERoes Role Model Lists for championing gender … Read the full press release

Aegon Appoints Michele Bareggi as Chief Strategy and Growth Officer

(IN BRIEF) Aegon has appointed Michele Bareggi as its new Chief Strategy, Transformation & Growth Officer, effective November 1, 2024. Bareggi, with over 25 years of experience in the financial services industry, previously led significant growth at Athora and held … Read the full press release

Crédit Agricole Assurances Joins Scope Group to Boost European Financial Sovereignty

(IN BRIEF) Crédit Agricole Assurances has invested in Scope Group, joining other major French financial institutions like AXA and BPCE in supporting Europe’s only independent rating agency accepted by the European Central Bank. This investment is part of broader efforts … Read the full press release

CNP Vita Assicura Awards €15.6 Billion Asset Management Mandate to Ostrum AM

(IN BRIEF) CNP Vita Assicura, a subsidiary of CNP Assurances, has entrusted Ostrum Asset Management with a €15.6 billion asset management mandate following a competitive tender. The partnership covers fixed income, equities, and multi-asset investments, along with risk management services … Read the full press release

Achmea Restructures Syntrus Achmea for Strategic Growth in Mortgages and Real Estate

(IN BRIEF) Achmea has announced a restructuring of its subsidiary, Syntrus Achmea Real Estate & Finance B.V., to support its growth in the mortgage and real estate sectors. Effective October 1, 2024, the mortgage and real estate activities will be … Read the full press release

Chubb Enhances Resilience Services with New Leadership Appointment

(IN BRIEF) Chubb has appointed Amelie Fava-Verde as Senior Vice President of North America Chubb Resilience Services, a new role focused on enhancing the company’s risk engineering and resilience capabilities. With over 20 years of experience in environmental risk and … Read the full press release

Aegon Appoints Shawn C.D. Johnson as New CEO of Asset Management Division, Succeeding Bas NieuweWeme

(IN BRIEF) Aegon has appointed Shawn C.D. Johnson as the new CEO of Aegon Asset Management (Aegon AM), effective September 23, 2024. Johnson, who has extensive experience in asset management, including his recent role as CEO of AMP Capital, will … Read the full press release

Prudential Partners with Google Cloud to Launch AI Lab, Pioneering the Future of Insurance and Healthcare in Asia and Africa

(IN BRIEF) Prudential and Google Cloud have partnered to launch an AI Lab in Singapore, focused on developing AI-driven solutions to enhance customer experiences, improve healthcare access, and optimize operations in the insurance sector. The Lab will empower Prudential’s 15,000 … Read the full press release

Prudential Appoints Angel Ng as Regional CEO for Greater China Following Lilian Ng’s Retirement

(IN BRIEF) Prudential plc has announced that Lilian Ng, Managing Director of the Strategic Business Group, will retire at the end of the year after 30 years with the company. She will be succeeded by Angel Ng, formerly of Citi, … Read the full press release

Aviva Introduces Junior ISA with 0% Platform Charge

(IN BRIEF) Aviva is launching a new Junior ISA (JISA) portfolio with a 0% platform charge, aimed at encouraging young investors to maximize their tax-efficient savings. This fully integrated JISA will be available later this summer to both new and … Read the full press release

Aviva Enhances Risk Management Capabilities with Cutting-Edge Software

(IN BRIEF) Aviva has revolutionized its exposure management capabilities with the adoption of Orchestra, a sophisticated software solution developed by Symfos. Since its implementation in 2021, Orchestra has streamlined Aviva’s portfolio roll-up process by 60-70%, allowing for quicker data processing … Read the full press release

Allianz Teams Up with Football Star Harry Kane as Global Brand Ambassador

(IN BRIEF) Allianz has partnered with football star Harry Kane, naming him as their global brand ambassador. Kane, known for his football prowess and advocacy for mental health, will collaborate with Allianz on marketing initiatives aimed at inspiring the next … Read the full press release

Prudential plc Appoints Pankaj Banerjee as Group Chief Agency Officer to Drive Technology-Powered Distribution Strategy

(IN BRIEF) Prudential plc has announced the appointment of Pankaj Banerjee as Group Chief Agency Officer, effective September 30, 2024. Reporting to Lilian Ng, Managing Director of the Strategic Business Group, Banerjee will lead Prudential’s strategy in enhancing agency operations … Read the full press release

CNP Seguradora Secures Exclusive 20-Year Distribution Deal with Banco de Brasília

(IN BRIEF) CNP Seguradora, a subsidiary of CNP Assurances in Brazil, has signed a significant 20-year agreement with Banco de Brasília (BRB) for the exclusive distribution of consortium and capitalization products. This partnership aims to bolster CNP Assurances’ expansion strategy … Read the full press release

Zurich and Aon Launch Comprehensive Insurance Facility to Accelerate Global Hydrogen Projects

(IN BRIEF) Zurich Insurance Group and Aon have launched a comprehensive insurance facility to support blue and green hydrogen projects globally, with coverage for projects up to USD 250 million. This initiative, led by Zurich and brokered exclusively by Aon, … Read the full press release

Celebrated Communications Veteran Dr. Zoe Hibbert Joins Prudential plc as Chief of Corporate Affairs

(IN BRIEF) Prudential plc has appointed Dr. Zoe Hibbert as Chief of Corporate Affairs, responsible for overseeing communications, events, and brand strategy. With over 35 years of experience in global financial institutions, Dr. Hibbert brings extensive expertise from her previous … Read the full press release

Ageas Releases Insightful Whitepaper on Responsible Investing Practices

(IN BRIEF) Ageas, in collaboration with the Federation of Enterprises in Belgium (FEB), has released a new whitepaper on sustainable investing. This initiative underscores Ageas’s commitment to responsible investment practices, with a focus on environmental sustainability. The company’s ‘Impact24’ strategy, … Read the full press release

Ageas Projects Shine in Prestigious Awards Program

(IN BRIEF) Ageas celebrates recognition in the prestigious Quorus Awards, with four of its innovative projects making it to the final rounds of this esteemed program. Among nearly 300 entries spanning 40 countries, Grupo Ageas Portugal and AKsigorta in Türkiye … Read the full press release

New Faces and Renewed Terms: CNP Assurances Announces Changes to Board of Directors

(IN BRIEF) CNP Assurances held a General Meeting of shareholders today at its headquarters in Issy-les-Moulineaux, resulting in changes to its board of directors. Two new independent directors, Dario Moltrasio and Frédéric Tardy, were appointed, while Nathalie Collin joined as … Read the full press release

Frédéric de Courtois Elected President of Insurance Europe, Vows to Drive Competitive Solutions

(IN BRIEF) Frédéric de Courtois, Deputy CEO of AXA Group, has been unanimously elected as President of Insurance Europe, leading the federation of European insurance and reinsurance associations for the next three years. In his inaugural speech at the 14th … Read the full press release

Aviva Completes £130 Million Deal to Secure Telereal Pension Plan Benefits

(IN BRIEF) Aviva has successfully finalized a £130 million bulk purchase annuity full scheme buy-in with the Trustee of the Telereal Pension Plan, sponsored by Telereal Services Limited. This move will see Aviva insuring defined benefit liabilities for approximately 500 … Read the full press release

Swiss Re Forecasts Surge in Life Insurance Profits as Interest Rates Rise

(IN BRIEF) Swiss Re Institute predicts a significant upswing in profitability for the life insurance industry as global interest rates climb, with an estimated additional USD 1.5 trillion in global life savings premiums projected over the next decade. Higher interest … Read the full press release

AXA Releases Financial Report for 2023, Compliant with EU Regulations

(IN BRIEF) AXA has disclosed its AXA Group Solvency and Financial Condition Report (Group SFCR) for the fiscal period ending December 31, 2023, adhering to the directives of Directive 2009/138/EC and Delegated Regulation (EU) 2015/35, collectively known as Solvency II … Read the full press release

ABN AMRO’s Neuflize OBC Enters Exclusive Talks with BNP Paribas Cardif for Strategic Insurance Partnership

(IN BRIEF) ABN AMRO’s French private bank branch, Neuflize OBC, has initiated exclusive negotiations with BNP Paribas Cardif to forge a strategic partnership in life insurance in France. This collaboration involves the sale of Neuflize Vie, a joint venture between … Read the full press release