Tag Archives: insurance

Aviva CFO Jason Windsor to leave the company

(PRESS RELEASE) LONDON, 13-Jan-2022 — /EuropaWire/ — Aviva plc (LON: AV), a British multinational insurance company, has announced the resignation of its CFO and director Jason Windsor. Jason will step down as of July 2022 to become CFO at Persimmon … Read the full press release

Aegon announces EUR 50 million share buyback program

(PRESS RELEASE) THE HAGUE, 7-Jan-2022 — /EuropaWire/ — Aegon N.V. (AMS: AGN), Dutch multinational life insurance, pensions and asset management company, has announced it will repurchase common shares for EUR 50 million in order to meet its obligations resulting from … Read the full press release

Societe Generale: ALD to acquire LeasePlan from TDR Capital led consortium for EUR 4.9 billion

(PRESS RELEASE) PARIS, 6-Jan-2022 — /EuropaWire/ — Société Générale (EPA: GLE), a European leader in financial services with over 150 years of history, has announced it signed two Memorandums of Understanding (MoU) for the acquisition of 100% of LeasePlan by … Read the full press release

Zurich Insurance Group improves its capital utilization across its life back book with the sale of Italian life and pensions back book to Portuguese insurance company GamaLife

Transaction to release approximately USD 1.2 billion of capital and add 11 percentage points to the Group’s Swiss Solvency Test ratio1 Significant reduction in the Group’s exposure to credit risk Zurich will focus on protection and unit-linked solutions in the … Read the full press release

HSBC’s deal for HSBC life China gets regulatory clearance

Pursuing full ownership underscores HSBC’s commitment to expanding business in China (PRESS RELEASE) LONDON, 30-Dec-2021 — /EuropaWire/ — HSBC Holdings plc, one of the world’s largest banking and financial services providers, has announced that its deal for the acquisition of … Read the full press release

Allianz Life announces a $35-billion fixed index annuity portfolio reinsurance agreement, one of the largest transactions of this type

Allianz Life reinsures $35 billion of liabilities of fixed index annuity book in one of the largest transactions of its kind Agreement underscores shared values of flexibility, ability to scale, risk management, and commitment to policyholders Transaction expected to improve … Read the full press release

Allianz Group the leading insurance company in the Dow Jones Sustainability Index (DJSI)

(PRESS RELEASE) MUNICH, 15-Nov-2021 — /EuropaWire/ — Allianz Group, one of the leading integrated financial services providers worldwide, has announced that it leads the insurance sector in the Dow Jones Sustainability Index (DJSI). The insurer has been ranked on the … Read the full press release

Aviva: financial scams promoted by paid-for ads must be included in the Online Safety Bill

One in eight people (13%) have been the victim of a financial scam which related to coronavirus. Of those, two-thirds (66%) said their total debts increased over the last year. Aviva calls on government to include financial scams promoted by paid-for … Read the full press release

Europe likely to see considerably higher reinsurance rates – Munich Re

(PRESS RELEASE) MUNICH, 18-Oct-2021 — /EuropaWire/ — Munich Re (ETR: MUV2), a German multinational global provider of reinsurance, primary insurance and insurance-related risk solutions, has announced it expects continued market hardening to accompany January renewals, particularly for the European market … Read the full press release

Sampo plc announces EUR 750 million share buyback programme

(PRESS RELEASE) HELSINKI, 1-Oct-2021 — /EuropaWire/ — Sampo Group (HEL: SAMPO), a Finnish financial and insurance group, has announced that the Board of Directors of Sampo plc, its parent company, has decided to launch a buyback programme for Sampo A … Read the full press release

Orange to increase the capital of its bank with EUR 230 million; buys Groupama’s stake

(PRESS RELEASE) PARIS, 1-Oct-2021 — /EuropaWire/ — Orange S.A. (EPA: ORA), a French multinational telecommunications group, has announced it will invest EUR 230 million in its bank (Orange Bank) to increase the capital and speed up the growth projects envisaged … Read the full press release

Allianz completes the acquisition of Aviva plc Italian General Insurance business for €330 million

(PRESS RELEASE) LONDON, 1-Oct-2021 — /EuropaWire/ — Aviva plc (LON: AV), a British multinational insurance company, has announced that Allianz SE (ETR: ALV), a German multinational financial services company, has completed the acquisition of Aviva’s Italian General Insurance business for … Read the full press release

Aviva Fraud Report: consumers have low trust in the internet as a tool for shopping for financial services

More than half of internet users (53%) don’t trust that the adverts on search engines are placed by a legitimate financial services company or provider And more than half (56%) don’t believe that search engines verify the authenticity of the … Read the full press release

Aegon repurchased 35,933,035 common shares, July 8 – August 20, 2021 as part of its share buyback program

(PRESS RELEASE) THE HAGUE, 23-Aug-2021 — /EuropaWire/ — Aegon N.V. (AMS: AGN), Dutch multinational life insurance, pensions and asset management company, has announced it has completed the share buyback program to neutralize the dilutive effect of the 2020 final dividend … Read the full press release

AXA announces capital increase reserved for its employees

(PRESS RELEASE) PARIS, 23-Aug-2021 — /EuropaWire/ — AXA (EPA: CS), A French multinational insurance and asset management firm, announces capital increase reserved for its employees which offers to its employees, in and outside of France, the opportunity to subscribe to … Read the full press release

Leadership changes at Swiss Re’s Reinsurance Business Unit

(PRESS RELEASE) ZURICH, 18-Aug-2021 — /EuropaWire/ — Swiss Re, the world’s second-largest reinsurer, has announced it made leadership changes at its Reinsurance Business Unit. As of 1 January 2022 Julie Stephenson will succeed Jason Richards as Global Head of Casualty … Read the full press release

HSBC Holdings plc through HSBC Insurance (Asia-Pacific) Holdings Ltd takes over AXA Insurance Pte Limited (AXA Singapore) for US$575 million

A key milestone supporting HSBC’s ambition to be Asia’s leading insurance and wealth provider Strengthening Singapore as a global wealth hub for HSBC (PRESS RELEASE) LONDON, 16-Aug-2021 — /EuropaWire/ — HSBC Holdings plc, one of the world’s largest banking and … Read the full press release

EU clearance for the acquisition of Aegon’s businesses in Central and Eastern Europe by Vienna Insurance Group AG

(PRESS RELEASE) THE HAGUE, 13-Aug-2021 — /EuropaWire/ — Aegon N.V. (AMS: AGN), Dutch multinational life insurance, pensions and asset management company, has announced receival of the competition law clearance from the European Commission for the acquisition of Aegon’s businesses in … Read the full press release

Enel X teams up with Neosurance and Net Insurance to introduce its first on-demand and pay-per-use theft insurance for homes

The partnership between the three companies enables the integration of smart home services with latest generation insurance services The smart home market is already worth 500 million euros in Italy alone, with security as the number one reason for purchase … Read the full press release

AEA Investors LP managed funds to acquire 100 percent of Polygon Holding AB from Triton

(PRESS RELEASE) STOCKHOLM, 12-Jul-2021 — /EuropaWire/ — Triton advised by Triton Partners (“Triton”) has announced it has signed an agreement with funds managed by AEA Investors LP (“AEA”) for the sale of Polygon Holding AB. AEA, together with the management … Read the full press release

Hong Kong’s Innovation and Technology Venture Fund Becomes Strategic Financial Investor of Ignatica

The Innovation and Technology Venture Fund (ITVF) invested in its first insurtech startup, Switzerland, and Hong Kong-based Ignatica, the insurance policy administration platform. (PRESS RELEASE) ZÜRICH, 7-Jul-2021 — /EuropaWire/ — Ignatica, the insurance policy administration platform that offers digital self-service … Read the full press release

Aviva’s property and facilities director Stuart Wright awarded the Living Wage Lifetime Achievement Award

Stuart guided Aviva to its accreditation in 2012, and then oversaw the insurer becoming a Principal Partner organisation and joining the Foundation’s Advisory Council in 2014 In 2016, Stuart demonstrated his commitment to the movement by becoming the second Chair … Read the full press release

Aegon names Allegra van Hövell-Patrizi as CEO of Aegon the Netherlands

(PRESS RELEASE) THE HAGUE, 15-Jun-2021 — /EuropaWire/ — Dutch multinational life insurance, pensions and asset management company, Aegon announces the appointment of Allegra van Hövell-Patrizi (1974) as the new CEO of Aegon the Netherlands. Allegra succeeds Maarten Edixhoven and is … Read the full press release

Aviva completes sale of its entire shareholding in AvivaSA Emeklilik ve Hayat AS

(PRESS RELEASE) LONDON, 6-May-2021 — /EuropaWire/ — British multinational insurance company Aviva plc (“Aviva”) announces completion of sale of its entire 40% shareholding in the Turkish life insurance and pensions joint venture, AvivaSA Emeklilik ve Hayat AS (“AvivaSA”), to Ageas … Read the full press release

Leading reinsurer Swiss Re and automotive technology company Veoneer partner over advanced driver assistance systems (ADAS)

Leading reinsurer and automotive technology company join forces on assessment of ADAS technology Veoneer to profit from Swiss Re’s data and knowledge to improve ADAS technology Veoneer’s expertise on ADAS hardware and software technologies to feed into and enhance Swiss … Read the full press release

AXA’s Board of Directors appoints Antoine Gosset-Grainville as Chairman effective on Denis Duverne’s retirement in April 2022

Successful conclusion of a comprehensive succession process (PRESS RELEASE) PARIS, 12-Mar-2021 — /EuropaWire/ —  French multinational insurance firm AXA announces that Antoine Gosset-Grainville will succeed Denis Duverne, as Chairman of AXA’s Board of Directors, as the latter will retire at … Read the full press release

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