News - Insurance

KAZAKHSTAN: AM Best revised Halyk-Life outlooks to positive from stable

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC (Halyk-Life) (Kazakhstan).

HUNGARY: NN enters the non-life insurance market

NN officially announced its entrance in the Hungarian non-life insurance market. The company plans to offer three non-life types of products which will widen its product portfolio.

Scott Gunter appointed as CEO of AXA XL

AXA announced the appointment of Scott Gunter as CEO of AXA XL. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the Group.

ROMANIA: ASF has withdraw the operating authorisation of CERTASIG

The Board of the Financial Supervisory Authority (ASF) has decided, during the meeting on 19.02.2020, to withdraw the operating authorisation of the company CERTASIG Societate de Asigurare si Reasigurare S.A (CERTASIG), due to the fact that the company did not restored the level of eligible own funds covering the minimum capital requirement (MCR) within the term provided by law, wrote Romanian insurance portal

ALLIANZ SE Board of Management: Klaus-Peter ROHLER succeeds Axel THEIS

ALLIANZ informed in a statement that Axel THEIS (62), Member of the Board of ALLIANZ SE responsible for insurance in German-speaking countries and Central and Eastern Europe, retires at his own request on March 31, 2020 after more than 33 years at ALLIANZ. Klaus-Peter ROHLER (55), currently Chairman of the Board of Management of ALLIANZ Deutschland AG and ALLIANZ Versicherungs-AG, has been appointed by the Supervisory Board as his successor effective April 1, 2020.

AMODO's CEO Marijan Mumdziev, Keynote Speaker at IIF 2020 - MOTOR INSURANCE - "A glimpse in the future"

After years of discussions and innovation, where are motor insurance markets standing today in IoT / telematics terms? Marijan MUMDZIEV, CEO of AMODO, the Croatian insurtech that has been listed among the top five insuretech startups in the world by the Financial Times, will assess the current situation and share his views with regard the future developments at the motor conference in Vienna, on 6 April.

RUSSIA: SBERBANK shares will be sold to avoid conflict of interests

The Ministry of Finance and the Central Bank developed and submitted to the government a document providing the sale conditions of SBERBANK shares, owned by the Bank of Russia, which will help to avoid a conflict of interests due to combining the roles of the regulator, shareholder and supervisor, the ministry said.