Category Archives: Insurance

Insurance Press Releases & News distributed via EuropaWire

EBRD loans EUR 25 million to banking and insurance software developer Vermeg to fund their acquisition of Lombard Risk

€25 million loan for acquisition of London-based Lombard Risk LONDON, 06-Mar-2018 — /EuropaWire/ — The EBRD is supporting the expansion of banking and insurance software developer Vermeg with a €25 million loan to fund their acquisition of Lombard Risk, a … Read the full press release

AXA to acquire 100% of XL Group Ltd, global Property & Casualty commercial lines insurer and reinsurer

A major leap forward in AXA’s strategic journey Creating the leading global P&C Commercial lines player across all lines Strong complementarities expected to fuel future earnings growth and value creation Effective use of proceeds from the planned US IPO and intended subsequent sell-downs, at Ambition 2020 targets reaffirmed … Read the full press release

Cisco, Apple, Aon and Allianz announce new solution that covers the primary dimensions of cyber protection for businesses

Cisco, Apple, Aon and Allianz have announced a new cyber risk management solution for U.S. businesses, comprised of cyber resilience evaluation services from Aon, the most secure technology from Cisco and Apple, and options for enhanced cyber insurance coverage from … Read the full press release

Allianz strengthens its presence in the Sri Lankan life insurance industry with the acquisition of Janashakthi General Insurance Limited

Allianz, the global financial services leader, announced that it has entered into an agreement with Janashakthi Insurance PLC (“JINS”) to acquire 100 percent of its subsidiary Janashakthi General Insurance Limited (“JGIL”) for 16.4 billion Sri Lankan rupees (85.9 million euros).  … Read the full press release

Generali completes the sale of Generali Nederland N.V. to ASR Nederland N.V.

TRIESTE, 06-Feb-2018 — /EuropaWire/ — Assicurazioni Generali SpA announces that it has completed the sale of its entire shareholding in Generali Nederland N.V. (and its subsidiaries) to ASR Nederland N.V., one of the leading insurance groups operating in Holland. This … Read the full press release

Aviva introduces automated bulk transfers

LONDON, 06-Feb-2018 — /EuropaWire/ — Aviva, one of the largest providers of workplace pensions in the UK, has introduced automated bulk transfers using the Origo Options Bulk Transfers service to quickly and securely transfer schemes with hundreds of members. Colin Williams, … Read the full press release

Tokio Marine Kiln appoints Alex Jomaa as Cyber Underwriter

LONDON, 02-Feb-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has appointed Alex Jomaa as Cyber Underwriter. He takes up the role immediately and will report to Laila Khudairi, Head of Enterprise Risk in London.  An award winning expert in his field with a … Read the full press release

Norges Bank to exclude nine companies from the Government Pension Fund Global

OSLO, 17-Jan-2018 — /EuropaWire/ — Norges Bank has decided to exclude nine companies from the Government Pension Fund Global. In addition, one company has been placed under observation. The companies Evergreen Marine Corp (Taiwan) Ltd, Korea Line Corp, Precious Shipping PCL … Read the full press release

Prudential to host series of nationwide ‘Planning Matters’ seminars for financial advisers

LONDON, 11-Jan-2018 — /EuropaWire/ — Prudential will begin 2018 by hosting a series of nationwide ‘Planning Matters’ seminars for financial advisers. At the sessions, which run from 24 January to 22 March 2018 and cover 21 locations across the UK, Prudential’s … Read the full press release

Siam Commercial Bank Public Company Limited and Prudential Life Assurance (Thailand) Public Company Limited to establish a bancassurance partnership in Thailand

BANGKOK, Thailand, 10-Jan-2018 — /EuropaWire/ — Siam Commercial Bank Public Company Limited (“SCB”), a leading bank in Thailand, and Prudential Life Assurance (Thailand) Public Company Limited (“Prudential Thailand”), a subsidiary of Prudential plc, have agreed to establish a bancassurance partnership to … Read the full press release

Robinsons Bank and Prudential’s subsidiary Pru Life UK establish bancassurance partnership in the Philippines

QUEZON CITY, Philippines, 10-Jan-2018 — /EuropaWire/ — Gonkongwei-led Robinsons Bank and Prudential’s subsidiary Pru Life UK today announced the establishment of a strategic bancassurance partnership, in the Philippines at a press conference held at Crowne Plaza Galleria Manila. Through this partnership, … Read the full press release

Allianz Group and Liverpool Victoria Friendly Society (LV=) complete the first stage in the creation of their joint venture and strategic partnership

Acquisition of 49 percent stake in LV=’s UK General Insurance businesses by Allianz Group is now completed Transaction creates third-largest personal insurer in the UK market Allianz to pay another 213 million pounds for a further 20.9 percent stake in … Read the full press release

Liverpool Victoria Friendly Society (LV=) completed the planned sale of 49 percent stake in its UK General Insurance businesses to Allianz Group

Bournemouth, UK, 02-Jan-2018 — /EuropaWire/ — Liverpool Victoria Friendly Society (LV=) announces that it has completed the planned sale of a 49 percent stake in its UK General Insurance businesses (LV=GI) to Allianz Group. Total consideration at this first stage of … Read the full press release

Generali appoints Jaime Anchustegui Melgarejo to the newly created position of Group Chief Operations & Insurance Officer

ROME, 15-Dec-2017 — /EuropaWire/ — The Board of Directors of Assicurazioni Generali, which met today under the chairmanship of Gabriele Galateri di Genola, has approved the creation of the new position of Group Chief Operations & Insurance Officer, as proposed … Read the full press release

Euler Hermes named Virginie Fauvel Chief Transformation Officer and Americas region head

Euler Hermes has appointed Virginie Fauvel, as Chief Transformation Officer as of January 15, 2018, and Head of the Americas region as of April 1, 2018. Once her nomination is approved by the Supervisory Board on February 9, 2018, she … Read the full press release

HET DIGITALE EINDEJAARSVUURWERK VAN ONELIFE!

ER WAS EENS EEN DIGITAAL JAAR … ONELIFE MAAKT ZICH KLAAR VOOR DE TOEKOMST MET ZIJN ROADMAP VOOR TRANSFORMATIE IN 2017 – EN NOG VEEL MEER VOOR 2018. LUXEMBURG, 22-Nov-2017 — /EuropaWire/ — In 2016 begon OneLife met zijn digitale … Read the full press release

LE FEU D’ARTIFICE DIGITAL DE FIN D’ANNEE DE ONELIFE !

IL ETAIT UNE FOIS UNE ANNEE DIGITALE … ONELIFE SE PREPARE POUR L’AVENIR AVEC LA MISE EN ŒUVRE DE SA FEUILLE DE ROUTE DE 2017 SUR LA TRANSFORMATION ET BIEN D’AUTRES AVANCEES PREVUES EN 2018. LUXEMBOURG, 22-Nov-2017 — /EuropaWire/ — … Read the full press release

ONELIFE’S YEAR-END DIGITAL FIREWORKS!

ONCE UPON A DIGITAL YEAR … ONELIFE GEARS UP FOR THE FUTURE WITH DELIVERY OF 2017 TRANSFORMATION ROADMAP – AND MORE TO COME FOR 2018. LUXEMBOURG, 22-Nov-2017 — /EuropaWire/ — In 2016, OneLife embarked on a digital transformation journey making … Read the full press release

Jerome Jean Haegeli to succeed Kurt Karl as Swiss Re’s Group Chief Economist at the Swiss Re Institute

ZURICH, 22-Nov-2017 — /EuropaWire/ — As of 01 January 2018, Jerome Jean Haegeli will become Swiss Re’s Group Chief Economist at the Swiss Re Institute. Current Group Chief Economist Kurt Karl will retire at the end of December 2017 after six … Read the full press release

Swiss Re Institute’s Global insurance review 2017: Prices in non-life insurance and reinsurance expected to increase

Major natural catastrophe events in 2017 and current low prices are expected to push pricing in non-life insurance and reinsurance higher Cyclical upswing in global economy set to continue in 2018 and 2019, supporting insurance premium volume growth Global non-life … Read the full press release