Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

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

Aegon Appoints Duncan Russell as New CFO, Succeeding Matt Rider

(IN BRIEF) Aegon announces the appointment of Duncan Russell as Chief Financial Officer (CFO), effective September 1, 2024, succeeding Matt Rider, who will retire after over seven years of service. Duncan, currently serving as Chief Transformation Officer at Aegon, brings … Read the full press release

Telefónica’s Íope Ventures Invests in Wenalyze to Enhance Fintech and Insurtech Solutions

(IN BRIEF) Telefónica’s investment arm, Íope Ventures, joins a funding round for Wenalyze, an open data analytics platform targeting the banking and insurance sectors. Led by Athos Capital, the investment round has already secured over €1 million, with participation from … Read the full press release

Vienna Insurance Group Strengthens Sustainability Commitments with Expanded Declarations and New Group Sustainability Office

(IN BRIEF) Vienna Insurance Group (VIG) reinforces its sustainability commitments by expanding its sustainability declarations in investment and underwriting and establishing its own “Group Sustainability Office” as part of the ongoing VIG 25 sustainability programme. The updated declarations outline stringent … Read the full press release

Hannover Rück SE Approves Dividend Increase and Elects New Supervisory Board Members

(IN BRIEF) During the Annual General Meeting of Hannover Rück SE, all proposed resolutions were approved. CEO Jean-Jacques Henchoz reflected on the successful financial years of the past strategy cycle, emphasizing the company’s reliability amidst challenges. Moving forward with the … Read the full press release

CNP Assurances Enters Negotiations to Sell Insurance Operations in Cyprus and Greece to Hellenic Bank

(IN BRIEF) CNP Assurances has initiated exclusive negotiations with Hellenic Bank for the sale of its insurance operations in Cyprus and Greece. These operations, conducted through CNP Cyprus Insurance Holdings (CIH), represent a small fraction of CNP Assurances Group’s total … Read the full press release

Prudential Launches Climate & Health Resilience Fund to Address Climate Change Impacts

(IN BRIEF) Prudential plc, a prominent insurance company in Asia and Africa, has announced a significant investment of US$2.5 million through its community investment arm, Prudence Foundation, to tackle the effects of climate change on health and enhance climate resilience, … Read the full press release

Munich Re Revamps Leadership Structure to Strengthen Regional Underwriting in Asia Pacific & Africa

(IN BRIEF) Munich Re announces strategic changes to its leadership structure in Asia Pacific, Middle East & Africa (APAC MEA), aimed at bolstering its in-market Underwriting capabilities and refining its regional divisions. The revised setup will prioritize stronger local Underwriting … Read the full press release

Allianz Group Completes Stake Disposal in Allianz Saudi Fransi to ADNIC, Streamlining Middle-East Operations

(IN BRIEF) Allianz Group has finalized the sale of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), marking a strategic move in its business operations in the Middle East. The transaction, which received regulatory … Read the full press release

Aviva Launches Aviva Clarity to Support Small Scheme De-Risking

(IN BRIEF) Aviva has introduced Aviva Clarity, a streamlined Bulk Purchase Annuity (BPA) service aimed at facilitating market access for smaller pension schemes with assets typically under £100 million. This service underscores Aviva’s commitment to aiding schemes in their de-risking … Read the full press release

Aegon Unveils EUR 35 Million Share Repurchase Initiative to Fulfill Senior Management Compensation Obligations

(IN BRIEF) Aegon has announced a plan to repurchase common shares worth EUR 35 million to fulfill obligations related to share-based compensation plans for senior management. The repurchased shares will be held as treasury shares until allocated to plan participants. … Read the full press release

Aviva Joins Partnership to Finance 250 Zero Emission Buses Across UK

(IN BRIEF) Rock Rail, the UK Infrastructure Bank, and Aviva Capital Partners have collaborated to establish a funding platform for zero emission bus financier, ‘Rock Road,’ committing an initial £100 million to fund up to 250 zero emission buses and … Read the full press release

Allianz AGCS to Sell U.S. MidCorp and Entertainment Insurance Businesses to Arch for $450 Million

(IN BRIEF) Allianz Global Corporate & Specialty SE (AGCS) has announced an agreement to divest its U.S. MidCorp and Entertainment insurance businesses to Arch Insurance North America for $450 million in cash. The deal includes the transfer of approximately $2 … Read the full press release

Aviva Partners with Joe Wicks and Strava to Encourage Nationwide Wellbeing Revolution

(IN BRIEF) Aviva collaborates with fitness icon Joe Wicks and Strava to launch the #MoveWithAviva challenge, aiming to inspire individuals across the nation to prioritize their health and wellness. In response to findings revealing common barriers to exercise, such as … Read the full press release

Hannover Re Unveils Dedicated Cyber and Digital Business Unit for Enhanced Reinsurance Expertise

(IN BRIEF) Hannover Re announces the establishment of a new specialty reinsurance business unit, effective April 1, 2024, aimed at consolidating its global operations in cyber and digital domains to bolster underwriting proficiency. Led by Stefan Sperlich, the unit will … Read the full press release

Get Living Secures £110 Million Investment for New Maker Yards in Greater Manchester

(IN BRIEF) Get Living, the UK’s leading build-to-rent operator, has finalized a £110 million investment facility with Rothesay to refinance its New Maker Yards neighborhood in Salford, Greater Manchester. With over 821 homes and 1,600 residents, New Maker Yards boasts … Read the full press release

Navigating Tomorrow: MAPFRE Explores Four Scenarios for Society Embracing Generative AI

(IN BRIEF) MAPFRE, a prominent insurance company, delves into the potential societal impacts of Generative Artificial Intelligence (Generative AI) by outlining four plausible scenarios for 2029. These scenarios range from a transformational society with ubiquitous Generative AI adoption to a … Read the full press release

Aviva Advises Pet Owners: Check Your Home Insurance Coverage!

(IN BRIEF) Aviva highlights the importance of appropriate home insurance coverage for pet owners as internal data reveals a surge in pet-related home insurance claims over the past five years. Dogs and cats have been responsible for nearly 6,000 claims, … Read the full press release

Swiss Re Proposes New Chairman and Enhances Board Composition Ahead of AGM

(IN BRIEF) Swiss Re has announced its proposals for its upcoming Annual General Meeting (AGM) on April 12, 2024, including the re-election of Jacques de Vaucleroy as a Board member and his election as Chairman, along with the nomination of … Read the full press release

Lloyds Banking Group’s Strategic Move: Scottish Widows’ Bulk Annuities Sold to Rothesay

(IN BRIEF) Rothesay, the UK’s leading pensions insurance specialist, has agreed to acquire Scottish Widows’ in-force bulk annuity portfolio from Lloyds Banking Group for approximately £6 billion. The transaction covers the pension benefits of around 42,000 individuals. This move aligns … Read the full press release

Aviva, Darwin, and University of Salford Expand UK’s Longest-Running Self-Driving Shuttle Service

(IN BRIEF) Aviva and Darwin Innovation Group, in collaboration with the University of Salford, have expanded the UK’s longest-running self-driving passenger service by adding a second autonomous shuttle to the fleet. Operating at Harwell Science and Innovation Campus, the shuttles … Read the full press release

Aviva Unveils Insights into Women’s Investment Habits and Launches Tailored Guidance with ‘NextDefense’

(IN BRIEF) Aviva has released findings shedding light on women’s investment behaviors, revealing that while most women engage in regular saving and investing, many still face barriers to investment. The study indicates that women tend to prioritize easy access to … Read the full press release

Aktia Refines Strategic Priorities to Enhance Employee Experience

(IN BRIEF) Aktia, a Finnish asset manager, bank, and life insurer, announces the inclusion of “Empowering employee experience” as a strategic priority alongside other refined targets. CEO Juha Hammarén emphasizes the pivotal role of employees in driving excellent customer experience … Read the full press release

CACEIS Enhances Client Services with PRIIPs Reporting via Connect Store Partnership

(IN BRIEF) CACEIS has partnered with Regulatory Technology specialist AlphaOmega to offer a PRIIPs reporting service for clients of its Private Equity Real Estate Solutions business line. Available through the Connect Store, CACEIS’ online marketplace, the service provides clients with … Read the full press release

Allianz Trade Launches Comprehensive Payment Solutions for B2B E-commerce with Allianz Trade Pay

(IN BRIEF) Allianz Trade has introduced Allianz Trade Pay, a suite of services tailored to the needs of B2B e-commerce activities. This new offering encompasses various solutions, including trade credit insurance, fraud protection, digital buyer onboarding, and instant financing through … Read the full press release

Allianz SE Extends Mandates of Key Board Members Through 2029

(IN BRIEF) The Supervisory Board of Allianz SE has prolonged the mandates of Sirma Boshnakova and Günther Thallinger, members of the Board of Management, until December 2029, pending regulatory approvals. Boshnakova oversees the Group’s insurance operations in Western & Southern … Read the full press release

What’s new in cancer care across Europe in early 2024 (1 Jan – 5 Mar 2024): Advancements, Innovations, Research, Awareness

(IN BRIEF) In early 2024, Europe’s medical and research communities announced major breakthroughs in cancer care, highlighting new treatments like AstraZeneca and Daiichi Sankyo’s datopotamab deruxtecan for lung and breast cancer, and AstraZeneca’s Tagrisso for EGFR-mutated lung cancer. Diagnostic advancements … Read the full press release

Aviva Expands Reach with £242 Million Acquisition of Probitas Holdings

(IN BRIEF) Aviva plc has announced the acquisition of Probitas Holdings for £242 million, marking a significant step in its strategy to bolster profitable growth. This acquisition grants Aviva entry into the Lloyd’s market, providing access to substantial premium volumes, … Read the full press release