Tag Archives: insurance

Aegon’s 50% stake in the variable annuity joint ventures in Japan sold to partner Sony Life for EUR 130 million

THE HAGUE, 17-May-2019 — /EuropaWire/ — Aegon‘s partner in the variable annuity joint ventures in Japan Sony Life takes over its 50% stake. The transaction is for approximately EUR 130 million (JPY 16 billion). Commenting on the acquisition, Alex Wynaendts, … Read the full press release

Sampo Group welcomes Kai Sotamaa as Chief Risk Officer

HELSINKI, 2-Apr-2019 — /EuropaWire/ — Sampo Group announces the appointment of Kai Sotamaa as Chief Risk Officer as of 1 April 2019. Sotamaa, 48, has previously worked as Head of Risk Management at Ilmarinen and as Financial Economist at Bank … Read the full press release

Gemalto and Société de l’assurance automobile du Québec to make secure and innovative health insurance cards for the Régie de l’assurance maladie du Québec (RAMQ)

AMSTERDAM, 17-Jan-2019 — /EuropaWire/ — Gemalto (Euronext NL0000400653 – GTO), the world leader in digital security, and the Société de l’assurance automobile du Québec (SAAQ) have been chosen to produce secure and innovative health insurance cards for the Régie de … Read the full press release

A.M. Best Rating Services upgraded Generali’s Long–Term Issuer Credit Rating to “a+” from “a”

TRIESTE, 11-Jan-2019 — /EuropaWire/ — AM Best announced today that it has upgraded Generali’s Long–Term Issuer Credit Rating (Long–Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent). The outlook of the Long-Term ICR … Read the full press release

Assicurazioni Generali closes the sale of its entire stake in Generali Belgium SA to Athora Holding

TRIESTE, 03-Jan-2019 — /EuropaWire/ — Assicurazioni Generali SpA announces the closing of the sale of its entire stake in Generali Belgium SA to Athora Holding Ltd. in line with the terms already announced to the market on April 18, 2018. The … Read the full press release

Centrica Consumer division CEO Mark Hodges will be the new CEO of ReAssure from 1 March 2019

As part of the preparation towards a potential initial public offering (IPO) of ReAssure, Swiss Re announces Mark Hodges, currently Chief Executive Officer of Centrica Consumer division, as new CEO of ReAssure from 1 March 2019. The new CEO will … Read the full press release

Zurich Insurance plc to transfer its pre-2007 UK legacy employers’ liability policies to Catalina

Portfolio includes gross liabilities of USD 2 billion Transaction will be completed in two steps Transaction is expected to have a small negative impact on business operating profit in the fourth quarter of 2018 and a small positive impact on … Read the full press release

Elimination of age restriction for elective offices proposal to be voted on Assicurazioni Generali’s next Shareholders’ Meeting

ROME, 13-Dec-2018 — /EuropaWire/ — At a meeting chaired by Gabriele Galateri di Genola, the Assicurazioni Generali Board of Directors today resolved by majority vote to submit to the next Shareholders’ Meeting the proposal to eliminate the age limit restriction to … Read the full press release

QBE further expands SME product distribution by launching Office insurance on Open GI’s commercial platform, Powerplace

Business insurance specialist QBE has further expanded its SME product distribution by launching Office insurance on Open GI’s commercial platform, Powerplace. WORCESTER, 27-Nov-2018 — /EuropaWire/ — The launch will see the product available across all Open GI broker platforms including Mobius … Read the full press release

Aegon subsidiary in the UK strengthened its existing partnership with Atos

THE HAGUE, 22-Nov-2018 — /EuropaWire/ — Aegon today announces that its subsidiary in the United Kingdom has strengthened its existing partnership with Atos, signing a 15-year contract to service and administer its Existing Business (non-platform customers). This will further improve … Read the full press release

Insurance associations call on the International Accounting Standards Board (IASB) for a delay of the IFRS 17 for insurance contracts

BRUSSELS, 18-Oct-2018 — /EuropaWire/ — A global group of nine insurance associations has written a joint letter to Hans Hoogervorst, chair of the International Accounting Standards Board (IASB), that highlights the industry’s concerns about the International Financial Reporting Standard (IFRS) 17 … Read the full press release

AXA join forces with Liverpool Football Club as its Official Global Insurance Partner

PARIS, 08-Oct-2018 — /EuropaWire/ — AXA reignites its sponsorship strategy and is proud to join forces with one of the most famous names in sport. The multi-year partnership with English Premier League legends Liverpool Football Club (“Liverpool FC”) sees AXA … Read the full press release

Capgemini publishes inaugural edition of the World InsurTech Report

World InsurTech Report 2018: Collaborative approach between incumbent insurers and InsurTechs gains traction As new competition looms and tech investment reaches new highs, collaboration is the key to unlocking enhanced customer experience PARIS, 04-Oct-2018 — /EuropaWire/ — The insurance technology (InsurTech) … Read the full press release

Capgemini named a Star Performer and Leader in the 2018 Everest Group Insurance Application Services PEAK Matrix

Strategic InsurTech investments and focused acquisitions result in Capgemini delivering innovative end-to-end business transformation PARIS, 04-Oct-2018 — /EuropaWire/ — Capgemini today announced that is has been named a “Leader” and “Star Performer” in Everest Group’s PEAK MatrixTM[1] for Insurance Application Services for the … Read the full press release

Torsten Jeworrek of Munich Re: Cyber risks are one of the biggest threats to the networked economy

Cyber risks are one of the biggest threats to the digital and networked economy The most important thing for companies is to ensure they have the best possible technical prevention Munich Re is developing insurance products and services that offer … Read the full press release

Tokio Marine appoints Daljitt Barn to the newly-created post of global head of cyber risk

LONDON, 05-Sep-2018 — /EuropaWire/ — Leading international insurance group Tokio Marine Holdings (TMH) has appointed Daljitt Barn to the newly-created post of global head of cyber risk. Barn – who will be based in London – joins from Munich Re … Read the full press release

Allianz Partners to establish three new innovation centers focusing on travel, health and assistance

PARIS, 03-Sep-2018 — /EuropaWire/ — Leveraging its knowledge and expertise in assistance, automotive, health and travel protection, Allianz Partners further embraces technological disruption and redefines insurance by establishing three new innovation centers focusing on travel, health and assistance, following the success … Read the full press release

Co-op Insurance research reveals that young drivers often worry about dealing with mechanics

Two fifths of young drivers worry about the cost of repairs A fifth find it hard to talk to mechanics Co-op urging young drivers to not let nerves risk safety MANCHESTER, 23-Aug-2018 — /EuropaWire/ — Co-op Insurance is encouraging young drivers to let … Read the full press release

Co-op Insurance partners with Neighbourhood Watch to find and crown the UK’s greatest neighbour

A third of people think they have better neighbours than they did five years ago (33%) 95% of people think they are good neighbours Two fifths (41%) say they speak to their neighbours daily Almost one in three (29%) have … Read the full press release

Swiss Re and Security First Insurance partner on breakthrough in flood protection for Florida residents

ZURICH, 31-Jul-2018 — /EuropaWire/ — Swiss Re and Security First Insurance have entered into an agreement that enables Florida residents to include water damage, including flood coverage, in their homeowners policy. The joint venture represents a breakthrough in flood protection as … Read the full press release

Allianz Partners to acquire 100 percent of the share capital of Servicios Compartidos Multiasistencia, S.L. from Portobello Capital and minority shareholders

The acquisition strengthens Allianz Partners’ leadership in the home and assistance market and enhances Multiasistencia’s development capabilities and geographical reach It supports Allianz Partners’ growth ambition in key markets The transaction would see Multiasistencia remain an independent and market neutral … Read the full press release

Assicurazioni Generali and Generali Deutschland to sell the majority stake of Generali Leben to Viridium Gruppe

Agreed vision for an innovative industrial partnership with Viridium Gruppe for the sustainable management of the Generali Leben Life portfolio. Total evaluation for 100% of Generali Leben up to €1 bln, incl. €125 mln as earn out in case of … Read the full press release

Tokio Marine Kiln establishes US$100m intellectual property (IP) facility with leading global broker Aon

LONDON, 05-Jul-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK) has established a US$100m intellectual property (IP) facility with leading global broker Aon and several other Lloyd’s syndicates. The facility will be led by TMK and is one of the first for … Read the full press release

Euler Hermes: Sweden’s exporting SMEs can now assess the credit worthiness of potential business partners in 24 European countries

Credable, a Swedish insurtech start-up which is part of Euler Hermes, offers an innovative new service: invoice insurance for SMEs, based on traditional trade credit insurance. Credable is now providing cover for Swedish SMEs in 24 European countries. In line … Read the full press release

The winners of the third annual Efma-Accenture Innovation in Insurance Awards announced at the Elyseum in Paris

Insurance institutions showcase winning innovations transforming the industry PARIS, 13-Jun-2018 — /EuropaWire/ — Efma, an association of more than 3,300 retail financial services companies in 130 countries, and Accenture (NYSE: ACN) today announced the winners of the third annual Efma-Accenture Innovation in Insurance … Read the full press release

Insurance group Achmea closes the sale of Irish life assurance company Friends First to Aviva group plc

ZEIST / DUBLIN, 05-Jun-2018 — /EuropaWire/ — Insurance group Achmea announces the closing of the sale of Irish life assurance company Friends First to Aviva group plc. All the required regulatory approvals for the transaction have been received. Following these approvals … Read the full press release

Zurich Insurance Group to improve business efficiency using self-service-enabling technology of InShared, the digital insurer of Achmea

ZEIST, ZURICH, 05-Jun-2018 — /EuropaWire/ — Achmea announced today that it will partner with Zurich Insurance Group (‘Zurich’) to improve business efficiency using self-service-enabling technology of InShared, the digital insurer of Achmea. InShared’s IT-platform is fully designed around online service, from … Read the full press release

Allianz will phase out both its proprietary investments in coal-based business and its insurance coverage of such risks by 2040

Withdrawal from insuring single coal-fired power plants and coal mines in operation or planning, effective immediately Exclusion of coal risks by 2040 in Property and Casualty business and in proprietary investments Joining the Science Based Target Initiative: Commitment to the … Read the full press release

Allianz Group sells 8.4 percent stake in Banco BPI to CaixaBank for 178 million euros

Allianz Group sells 8.4 percent stake in Banco BPI to CaixaBank Allianz and CaixaBank agree to reorganize terms of insurance distribution cooperation in Portugal Allianz Group aims to extend and deepen insurance partnership in Portugal with Banco BPI, subject to … Read the full press release

Anna McNamara appointed group COO at Tokio Marine Kiln (TMK)

LONDON, 03-May-2018 — /EuropaWire/ — Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has appointed Anna McNamara as group chief operating officer (COO) with effect from 26 April. As Group COO Anna will lead the strategy and … Read the full press release