Tag Archives: insurance

Zurich Insurance Group reducirá la intensidad de capital de sus carteras de vida heredadas con la desinversión de su cartera de seguros de vida tradicional heredada en Alemania

Venta para reducir aún más la intensidad de capital y la exposición a tipos de interés La sensibilidad reducida a las tasas de interés reduce el capital requerido para protegerse contra la volatilidad La transacción agrega 8 puntos porcentuales al … Read the full press release

Zurich Insurance Group announces its exit from the Russian insurance market

(PRESS RELEASE) ZÜRICH, 20-May-2022 — /EuropaWire/ — Zurich Insurance Group (SWX: ZURN), Swiss’s largest insurer, has announced the sale of its property and casualty insurance company in Russia to some members of the local team of the unit. According to … Read the full press release

Zurich Insurance Group anuncia su salida del mercado asegurador ruso

(COMUNICADO DE PRENSA) ZÜRICH, 20-May-2022 — /EuropaWire/ — Zurich Insurance Group (SWX: ZURN), la aseguradora más grande de Suiza, ha anunciado la venta de su compañía de seguros de propiedad y accidentes en Rusia a algunos miembros del equipo local … Read the full press release

Vienna Insurance Group AG to establish a new assistance company in Serbia called Global Assistance Belgrad

(PRESS RELEASE) VIENNA, 28-Mar-2022 — /EuropaWire/ — Vienna Insurance Group AG Wiener Versicherung Gruppe (VIE: VIG), one of the largest international insurance groups in Central and Eastern Europe, has announced its plan to establish in April 2022 a new assistance … Read the full press release

End of Sampo Group share buyback programme: 17,128,505 own shares repurchased during the period

(PRESS RELEASE) HELSINKI, 28-Mar-2022 — /EuropaWire/ — Sampo Group (HEL: SAMPO), a Finnish financial and insurance group, has announced the completion of its share buyback programme on 25 March 2022.  Originally announced on 4 October 2021, the company’s share buyback … Read the full press release

Leadership changes at Swiss Re in Asia and North America

(PRESS RELEASE) ZÜRICH, 18-Mar-2022 — /EuropaWire/ — Swiss Re, the world’s second-largest reinsurer, has announced two new appointments in Asia and North America. Ivan Gonzalez has been appointed CEO Reinsurance China and China Country President in effect as of 1 … Read the full press release

Open GI Group’s subsidiary MLP NEWCO 1 LIMITED, the group’s AI and ML experts, appointed Damian Baxter as its new Chief Executive Officer (CEO)

(PRESS RELEASE) WORCESTER, UK, 16-Mar-2022 — /EuropaWire/ — Open GI Group, a specialist insurance software provider, has announced that its subsidiary Machine Learning Programs (MLP Newco 1), data, AI, and machine learning experts, will appoint Damian Baxter as its new … Read the full press release

Accenture to help Crelan Bank with the post-merger integration of AXA Bank Belgium

(PRESS RELEASE) BRUSSELS, 23-Feb-2022 — /EuropaWire/ — Accenture (NYSE: ACN), a global professional services company with leading capabilities in digital, cloud and security, has announced it has been selected by Crelan Bank to lead the post-merger integration of AXA Bank … Read the full press release

LV= talks with Royal London about potential merger have now ceased due to different mutual models

(PRESS RELEASE) BOURNEMOUTH, 9-Feb-2022 — /EuropaWire/ — LV=, one of the largest insurance companies in the UK, has announced that the merger talks that started earlier this year with Royal London, the largest mutual insurer in the United Kingdom, about … Read the full press release

Social and environmental impact financing: UniCredit to loan EUR 145 million to The Student Hotel (TSH) for the development of two new locations in Rome San Lorenzo and Florence Belfiore

(PRESS RELEASE) ROME, 8-Feb-2022 — /EuropaWire/ — UniCredit (BIT: UCG), Italy’s only systemically important bank, has announced it will provide EUR 145 million loan in the form of social and environmental impact financing to The Student Hotel, a hotel chain … Read the full press release

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