Tag Archives: insurance

Allianz to consolidate its leading position in the Italian P/C market with the acquisition of Aviva Italia S.p.A.

Allianz to acquire the Italian P/C entity of Aviva Group, including  almost 500 agents Transaction worth 330 million euros (PRESS RELEASE) MILAN, 4-Mar-2021 — /EuropaWire/ — Allianz S.p.A. announces the acquisition of Aviva Italia S.p.A., the Italian P/C entity of … Read the full press release

Aviva announces new partnership agreement with UK cancer charity Macmillan Cancer Support

(PRESS RELEASE) LONDON, 15-Feb-2021 — /EuropaWire/ — British multinational insurance company Aviva to help its protection customers living with cancer get access to the emotional, clinical and financial support they need through a new partnership agreement with leading UK cancer … Read the full press release

Aviva closes divestment of entire shareholding in Aviva Life Insurance Company Limited (“Blue”)

(PRESS RELEASE)LONDON, 10-Dec-2020 — /EuropaWire/ — British multinational insurance company Aviva plc announces the completion of sale of its entire shareholding in its Hong Kong joint venture, Aviva Life Insurance Company Limited¹ (“Blue”). The buyer is its joint venture partner, … Read the full press release

AXA to divest its operations in the Gulf region to Gulf Insurance Group

(PRESS RELEASE) PARIS, 30-Nov-2020 — /EuropaWire/ — French multinational insurance firm AXA has entered into an agreement with Gulf Insurance Group (“GIG”) for the sale of its insurance operations in the Gulf region, this includes its shareholding¹ in AXA Gulf, … Read the full press release

Aviva plc to sell its holdings in Aviva Vita to UBI Banca for €400 million

(PRESS RELEASE) LONDON, 23-Nov-2020 — /EuropaWire/ — Aviva plc (LON: AV), a British multinational insurance company, has announced that it will divest its entire 80% shareholding in the Italian life insurance joint venture, Aviva Vita S.p.A., to its partner UBI … Read the full press release

Aviva welcomes Mohit Joshi and Jim McConville to its Board of Directors

(PRESS RELEASE) LONDON, 21-Oct-2020 — /EuropaWire/ — Multinational insurance company, Aviva plc announces the appointment of Mohit Joshi and Jim McConville as Independent Non-Executive Directors of the Company with effect from 1 December 2020. Jim and Mohit bring significant experience … Read the full press release

Robeco appoints Clara Yan as Head of Insurance Analytics

(PRESS RELEASE) ROTTERDAM, 20-Oct-2020 — /EuropaWire/ — Asset management firm, Robeco strengthens its Insurance team with the appointment of Clara Yan as Head of Insurance Analytics. Ms. Yan reports to Ed Collinge, Robeco’s Global Head of Insurance Strategy. In this … Read the full press release

Allianz Benelux (Belgium) to transfer closed book of classical life retail insurances and 4,500 mortgage loans to Monument Assurance Belgium (MAB)

Allianz successfully executing its Life strategy to move to modern capital light insurance products, mainly Branch 23 and protection in Belgium As a next step Allianz is to sell 95,000 policies that are part of its closed classical life retail … Read the full press release

Euler Hermes on Norwegian government’s NOK 20 billion (~ EUR 1.9 billion) support of the intercompany trade credit market

Landmark NOK 20bn support scheme agreed between government and private sector insurers Norwegian businesses will continue to benefit from extensive credit cover as economy emerges from lockdown (PRESS RELEASE) OSLO, 24-Jul-2020 — /EuropaWire/ — The world leader in trade credit … Read the full press release

Thierry Léger to succeed Edi Schmid as Group Chief Underwriting Officer at Swiss Re

(PRESS RELEASE) ZURICH, 19-Jun-2020 — /EuropaWire/ — The world’s second-largest reinsurer Swiss Reinsurance Company Ltd, (Swiss Re) has announced leadership changes as well as changes to its Life Capital Business Unit. Starting from 1 September 2020 the reinsurer will have … Read the full press release

Zurich Insurance Group: UK’s Financial Conduct Authority to test policy wordings in the UK High Court

(PRESS RELEASE) ZURICH, 1-Jun-2020 — /EuropaWire/ — Swiss global general and life insurer Zurich Insurance Group (Zurich) announced it is welcoming the UK’s Financial Conduct Authority decision to test policy wordings from across the UK insurance industry in the UK … Read the full press release

Lime and Allianz to improve safety of micromobility through global strategic partnership

(PRESS RELEASE) MUNICH, 27-May-2020 — /EuropaWire/ — Global leader in shared smart mobility solutions, Lime and Allianz, via its Allianz Partners entity dedicated to assistance and insurance solutions, have entered into a global strategic partnership. The collaboration aims to improve … Read the full press release

First Tokio Marine Kiln forecasts to reflect Covid-19 effects released

(PRESS RELEASE) LONDON, 21-May-2020 — /EuropaWire/ — Insurance and reinsurance syndicates firm Tokio Marine Kiln Syndicates Ltd. (TMK) has announced it released forecasts for the 2018 and 2019 years of account for its two non-aligned syndicates. TMK’s forecast ranges have … Read the full press release

Accor guests worldwide to benefit from AXA’s expert medical solutions

(PRESS RELEASE) PARIS, 15-May-2020 — /EuropaWire/ — Global insurance leader, AXA announces an innovative strategic partnership with Accor, a global hospitality leader, to provide medical support to guests across the 5000 Accor hotels worldwide. As soon as July 2020, this … Read the full press release

Munich Re: faster claims estimates, improved accuracy in risk assessment and better loss prevention thanks to data analytics and AI

(PRESS RELEASE) MUNICH, 22-Oct-2019 — /EuropaWire/ — Munich Re is launching a number of digital solutions aimed at making claims estimates faster, improving the accuracy in risk assessment and better loss prevention. The group is investing heavily in data analytics … Read the full press release

Jason Windsor appointed Chief Financial Officer and Executive Director of Aviva plc.

(PRESS RELEASE) LONDON, 26-Sep-2019 — /EuropaWire/ — Aviva plc announces the appointment of Jason Windsor as Chief Financial Officer and Executive Director with effect from 26 September 2019. In July 2019 Jason became Interim Chief Financial Officer and was previously … Read the full press release

New digital solutions from Munich Re evaluate wildfire risks in North America and automate recording of damages following hurricanes

New digital solutions from Munich Re evaluate wildfire risks in North America and automate recording of damages following hurricanes

(PRESS RELEASE) MUNICH, 9-Sep-2019 — /EuropaWire/ — Munich Re has just announced it is introducing two new digital solutions, Wildfire Risk Score and Remote Industries, that are aimed at making claims settlement considerably easier for insurance companies, thus accelerating indemnification … Read the full press release

Leadership changes at The Central Bank of Ireland

(PRESS RELEASE) DUBLIN, 16-Aug-2019 — /EuropaWire/ — The Central Bank of Ireland appoints Louise Dennehy as the new Chief Information Officer and Domhnall Cullinan as the new Director of Insurance Supervision. Both appointments  with effect from 1 September 2019. The … Read the full press release

LV= to sell residual stake in LV= General Insurance to Allianz Group for up to £365 million

(PRESS RELEASE) BOURNEMOUTH, 31-May-2019 — /EuropaWire/ — Liverpool Victoria Friendly Society to sell its residual 30.1 percent stake in LV= General Insurance to Allianz Group for up to £365 million. At the completion of the sale, Allianz will own 100% … Read the full press release

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

(PRESS RELEASE) 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, … Read the full press release

Sampo Group welcomes Kai Sotamaa as Chief Risk Officer

(PRESS RELEASE) 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 … 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)

(PRESS RELEASE) 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 … Read the full press release

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

(PRESS RELEASE) 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 … Read the full press release

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

(PRESS RELEASE) 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, … 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