Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

Zurich Insurance Group Appoints Dirk De Nil as Global Head of Zurich Resilience Solutions

(IN BRIEF) Zurich Insurance Group has announced the appointment of Dirk De Nil as the Global Head of Zurich Resilience Solutions, effective from October 1, 2023. De Nil, currently the CEO of Zurich Benelux and Nordics, will succeed Hanno Mijer, … Read the full press release

Aviva Sells Stake in Singapore Life Holdings to Sumitomo Life for £0.8 Billion

(IN BRIEF) Aviva has agreed to sell its 25.9% stake in Singapore Life Holdings, along with two debt instruments, to Sumitomo Life Insurance for a total of £0.8 billion in cash. Sumitomo Life, already a 23.2% shareholder in Singlife, views … Read the full press release

Aviva Launches Sustainable Business Coach to Help Brokers Embrace Sustainability

(IN BRIEF) Aviva has introduced the Sustainable Business Coach, a digital tool aimed at assisting brokers in understanding their businesses’ environmental and societal impact. Developed in collaboration with non-profit organization Future-Fit and digital coaching firm Life Moments, the tool guides … Read the full press release

Insurance Industry Urged to Focus on Climate Resilience and Adaptation

Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) Nicola Ranger, Leader of the Resilience and International Development Program at the Environmental Change Institute, and Sibylle Steimen, Managing Director of Advisory & Services at Allianz Re, advocate for increased attention to climate resilience and adaptation. They emphasize … Read the full press release

Coface Survey Reveals German Companies’ Payment Trends and Pessimistic Business Outlook

(IN BRIEF) Coface’s latest survey on corporate payment experience in Germany indicates a return to normalcy in payment trends after the disruptions caused by the COVID-19 pandemic and the war in Ukraine. In 2023, more companies offered payment terms, resembling … Read the full press release

Swiss Re Highlights Key Trends and Sustainability in the Reinsurance Market Ahead of 2024 Renewals

(IN BRIEF) Swiss Re is emphasizing the importance of enhanced underwriting data, improved modeling, and rebalancing the insurance value chain to ensure the sustainability of the reinsurance market. As the demand for re/insurance protection increases in a volatile environment, Swiss … Read the full press release

Allianz Unveils Net-Zero Transition Plan with 2030 Targets for Emission Reductions and Renewable Investments

Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) Allianz has released its first comprehensive net-zero transition plan, reaffirming its commitment to achieving net-zero emissions by 2050 in its investment and insurance portfolios and by 2030 in its operations. The plan includes 2030 intermediate targets for reducing … Read the full press release

Aviva Partners with ITV to Launch Interactive Puzzle Ads for Financial Solutions

(IN BRIEF) Aviva has collaborated with ITV to introduce a series of interactive ‘virtual puzzle’ advertisements aimed at illustrating how the insurance, wealth, and retirement company is addressing the financial challenges faced by individuals in the UK. The co-branded ads, … Read the full press release

Nucleus Foundation and Verve Foundation Collaborate to Empower Women in Financial Advice Sector

(IN BRIEF) Nucleus Foundation has partnered with the Verve Foundation to sponsor and assist 10 women in the We Are Change program, which offers training and qualifications for those aspiring to enter the financial advice field. This initiative aims to … Read the full press release

Aviva Announces Leadership Changes: CEO Transition at Aviva Canada and New Role for Current CEO

(IN BRIEF) Jason, the current CEO of Aviva Canada, will be taking on a new role within the company. He has led Aviva Canada for four years, overseeing substantial growth and becoming a prominent player in the Canadian insurance market. … Read the full press release

Swiss Re Introduces AI-Powered Mental Health App, Collaborates with Wysa for Holistic Support

(IN BRIEF) Swiss Re Reinsurance Solutions has partnered with Wysa to launch Wysa Assure, an AI-driven mental health support app. Combining Swiss Re’s risk expertise with Wysa’s AI technology, the app offers on-demand mental health assistance through an AI chatbot … Read the full press release

AXA Unveils Employee Share Offering ‘Shareplan 2023’ Across 40 Countries to Foster Employee Ownership and Engagement

(IN BRIEF) AXA Group has launched its annual employee share offering named “Shareplan 2023” in 40 countries, inviting more than 110,000 employees to participate. The program allows employees to subscribe to shares issued through a capital increase reserved for employees. … Read the full press release

Aegon N.V. Announces Extraordinary General Meetings to Approve Legal Seat Relocation to Bermuda

(IN BRIEF) Aegon N.V. has released the Agenda and Shareholder Circular for two upcoming Extraordinary General Meetings of Shareholders (EGM) scheduled for September 29 and September 30, 2023. The purpose of these meetings is to approve the decision to relocate … Read the full press release

Aviva Reports Robust 2023 Interim Results, Surpasses Targets, and Boosts Dividend

(IN BRIEF) Aviva plc has announced its interim results for 2023, showcasing strong growth momentum across the group. The company achieved an 8% increase in group operating profit, with Solvency II own funds generation up by 26%. The results indicate … Read the full press release

Young People Recognize Importance of Sports, but Face Barriers Due to Global Issues, Reveals IOC and Allianz Research

(IN BRIEF) Initial global research findings by the International Olympic Committee (IOC) and Allianz reveal that 72% of young people consider playing sports important, while over 90% of parents recognize the physical and mental health benefits of sports participation for … Read the full press release

Aviva Leads Sustainability Efforts by Underwriting Engineered Timber in Commercial Buildings

(IN BRIEF) Aviva, one of the largest insurers in the UK, is expanding its underwriting appetite to include engineered timber in commercial developments as part of its sustainability commitments. The company aims to support the construction and real estate sectors … Read the full press release

University of York Researchers Call for Urgent Reform of UK Benefits System

(IN BRIEF) Researchers at the University of York, in collaboration with parents and carers, are urging the UK government to reform the benefits system. Latest research by Changing Realities and the Institute for Public Policy Research (IPPR) reveals that over … Read the full press release

Schroders Welcomes Annette Thomas as Independent Non-executive Director, Bids Farewell to Outgoing Director

(IN BRIEF) Schroders plc has announced the appointment of Annette Thomas as an Independent Non-executive Director, effective from September 1, 2023. Annette has a distinguished career in leading global publishing and data analytics businesses, with expertise in information, data, education, … Read the full press release

AXA Launches AXA Secure GPT, an Internal Secure AI Platform for Employee Use

(IN BRIEF) AXA, the insurance company, has introduced a new internal service called AXA Secure GPT, which is built on Microsoft’s Azure OpenAI Service. Developed in collaboration with Microsoft, this service offers AXA employees access to a secure digital platform … Read the full press release

Aviva Research Shows UK Financial Advisers Prepared for Consumer Duty, But Challenges Remain Ahead of Deadline

(IN BRIEF) According to research by Aviva, financial advisers in the UK are largely prepared to evidence their work on Consumer Duty outcomes, with over 90% indicating that they have either completed or are currently working on providing evidence for … Read the full press release