Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

Aviva Strengthens Retail Insurance Business with Acquisition of Barclays Home Insurance Portfolio

(IN BRIEF) Aviva, the leading home insurer in the UK, has entered into an agreement with Barclays UK to acquire its home insurance portfolio, which consists of 350,000 customers. The acquisition will support Aviva’s growth in the retail insurance business … Read the full press release

Allianz Unifies Global Commercial Insurance Business as ‘Allianz Commercial,’ Introduces New Regional Structure

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

(IN BRIEF) Allianz Global Corporate & Specialty (AGCS) and the commercial insurance businesses of local Allianz entities will now trade under the name “Allianz Commercial” as a single go-to-market business. This new global model offers insurance solutions for mid-sized businesses, … Read the full press release

Aviva Secures £120m Full Scheme Buy-in, Ensuring Member Benefits and Stabilizing NTL 1999 Pension Scheme Funding

(IN BRIEF) Aviva has successfully obtained a £120 million full scheme buy-in for the NTL 1999 Pension Scheme. This agreement allows Aviva to assume the defined benefit liabilities of approximately 650 members, mitigating the investment and longevity risks associated with … Read the full press release

Aegon Announces Coupon Rate Determination for USD Perpetual Capital Securities

(IN BRIEF) Aegon has disclosed that a coupon rate of 3.93894% has been established for the USD Perpetual Capital Securities. Due to the discontinuation of USD LIBOR, the calculation agent was unable to determine the necessary swap rates. As a … Read the full press release

Aviva Invests in Next Generation of Tech Talent Through Technology Work Placement Initiative

(IN BRIEF) Aviva, a leading insurance company, is supporting the next generation of tech talents through a new Technology Work Placement program for year 10 and year 11 students. The week-long placement, held at Aviva’s Bristol, Norwich, and York sites, … Read the full press release

NatWest Group Aims to Support 10 Million People Annually with Financial Wellbeing by 2027

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) NatWest Group has set a goal to assist 10 million individuals each year in managing their financial wellbeing by 2027. They have already achieved a previous target of helping 2 million people save over £100 for the first … Read the full press release

NatWest Enables Tap to Pay on iPhone for Businesses Across the UK

(IN BRIEF) NatWest has announced the availability of Tap to Pay on iPhone for eligible businesses across the UK. Through the NatWest Tap to Pay iOS app, businesses can seamlessly accept contactless payments using their iPhone, without the need for … Read the full press release

Emerging Asia to Drive Global Economic Growth, Swiss Re Report Finds

(IN BRIEF) Swiss Re Institute’s latest sigma report highlights that emerging Asia, led by the reopening of China’s economy, is expected to be the main driver of global economic growth in the coming years. The report forecasts a growth rate … Read the full press release

Tokio Marine Kiln Strengthens Position in Cyber Market with Expert Appointments

(IN BRIEF) Tokio Marine Kiln (TMK), a leading specialist insurer, announces key appointments and changes to expand its presence in the cyber market. Aoife Woulfe becomes the head of delegated cyber, focusing on developing TMK’s small and medium enterprise cyber … Read the full press release

New Apprenticeship Scheme by Tokio Marine Kiln Offers School Leavers Hands-On Experience in Insurance Industry

(IN BRIEF) Tokio Marine Kiln (TMK) is launching its first apprenticeship scheme, providing school leavers with an opportunity to explore a career in insurance. The scheme offers a 2-3 year program in underwriting, claims, operations, or IT, with rotations across … Read the full press release

Zurich Insurance Group Forms Strategic Partnership with Qover to Enhance Distribution of Innovative Insurance Products

(IN BRIEF) Zurich Insurance Group has announced a strategic partnership with Qover, a Belgium-based insurtech, through Zurich Global Ventures. As part of the collaboration, Zurich is joining Qover’s Series C funding round. Qover, founded in 2016, offers a technology-enabled distribution … Read the full press release

Allianz Launches Initiatives to Overcome Financial Obstacles for Women in Professional Football

(IN BRIEF) Allianz has introduced two new initiatives aimed at helping women overcome financial barriers in pursuing professional football careers. A survey by Allianz revealed that 64% of women are prevented from pursuing their passion due to financial obstacles. To … Read the full press release

Aegon Completes Consolidation with a.s.r., Becomes Second-Largest Insurance Company in the Netherlands

(IN BRIEF) Aegon has announced the successful completion of its consolidation with a.s.r., combining its Dutch pension, life and non-life insurance, banking, and mortgage origination activities. In exchange for the consolidation, Aegon received EUR 2.2 billion in cash and a … Read the full press release

Generali Presents Women in Sailing Trophy at Barcolana to Promote Equality

(IN BRIEF) Generali, as the presenting sponsor of the Barcolana sailing event, is supporting sustainability, diversity, equity, and inclusion. The event, organized by the Barcola and Grignano Sailing Club, will include the ‘Generali Women in Sailing’ Trophy, awarded to the … Read the full press release

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

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

(IN BRIEF) Allianz Trade has conducted a study revealing a significant gap between perceived and actual inflation rates, with Germany experiencing the widest disparity. The study shows that perceived inflation in the eurozone is nearly three times higher than the … Read the full press release

Leading Insurer Aviva Welcomes James Hillman as Chief Risk Officer

(IN BRIEF) James Hillman has been appointed as the Chief Risk Officer of Aviva plc, a global insurance company. Currently serving as the CFO of Scottish Widows and Finance Director of Lloyds Banking Group’s Insurance, Pensions, and Investments Division, Hillman … Read the full press release

Swiss Re and Benekiva Collaborate to Create Integrated Claims Management Solution

(IN BRIEF) Swiss Re Reinsurance and Des Moines-based insurtech Benekiva have formed a strategic partnership to create an Integrated Claims Management Platform that combines Benekiva’s claims administration system with Swiss Re’s Claims Automated Rules Engine. The end-to-end platform supports digital … Read the full press release

Interactive Art Installation ‘The Hungriest Eye’ Opens at Venice’s Procuratie Vecchie

(IN BRIEF) The Art Studio at Venice’s Procuratie Vecchie in St. Mark’s Square is displaying ‘The Hungriest Eye – The Blossoming of Potential’ by Arthur Duff from April 15, 2023, until March 10, 2024. The artwork is an interactive representation … Read the full press release

Mark Hastings brings 18 years of financial services experience to Nucleus

(IN BRIEF) Mark Hastings has joined Nucleus as the new leader of the finance team’s day-to-day operations, including financial planning and analysis, financial control, and treasury. This is a newly created role, and he will report to Mike Regan, the … Read the full press release

Allianz Trade unterstreicht die Notwendigkeit des Risikomanagements angesichts des prognostizierten Anstiegs der weltweiten Insolvenzen

(IN KÜRZE) Allianz Trade, der weltweit führende Warenkreditversicherer, hat seinen Global Insolvency Report veröffentlicht, der einen Anstieg der weltweiten Insolvenzen um +21 % im Jahr 2023 und einen weiteren Anstieg um +4 % im Jahr 2024 prognostiziert. Der Bericht warnt … Read the full press release