News - Insurance

ZURICH appoints Alison MARTIN as CEO EMEA and Bank Distribution

ZURICH Insurance Group has appointed Alison MARTIN to the role of Chief Executive Officer Europe, Middle East & Africa (EMEA) and Bank Distribution with immediate effect. She succeeds Amanda BLANC who recently left the business (more details here). The appointment is subject to regulatory approval.



Pool Re purchases pioneering terrorism NDBI retro cover

Pool Re, Britain's leading terrorism reinsurer, today announced the placement of its new retrocession programme covering non-damage business interruption ("NDBI") losses. The programme incepted on July 5th.

STATISTICS: POLAND: Almost EUR 4 billion in GWP after the first quarter

Polish insurers' aggregate GWP was up by 0.6% y-o-y to PLN 16.35 billion (~EUR 3.80 billion) in the first quarter of 2019, financial indicators from the Polish Financial Supervision Authority (KNF) showed. Official figures also revealed that the amount of paid claims/indemnities during the period was PLN 10.2 billion, representing a decrease of 2.7% y-o-y.


Leslie J. BREER is the newly approved CEO of GOTHAER Romania

The Financial Supervisory Authority announced it has approved Leslie J. BREER's appointments as CEO of GOTHAER's Romanian unit. Together with Cosmin ANGHELUTA (Deputy CEO / Sales Chief Executive) - he will implement the company`s 3 yrs mid-term strategic plan, already approved by its Board of Directors in March 2019.

LATVIA: crop insurance more affordable for farmers

Regulation on state support for insurers to provide compensation in case of drought damage has been approved in Latvia. It will contribute to the development of agro insurance, according to the Latvian Association of Insurers.



AZERBAIJAN: insurance market assets increased by almost 13.5% y-o-y

Total insurance market's assets at the end of 1Q2019 increased by about 13.5% y-o-y, to AZN 1.4 billion (~EUR 0.73 billion), Ibrahim ALISHOV, Acting Chairman of the Board of Financial Market Supervisory Authority of Azerbaijan (FIMSA) said in Baku at the 9th Forum "Insurance in Azerbaijan: Trends & Opportunities".


Zurich signs up to UN pledge to limit global climate change

In June 2019, Zurich announced actions towards reducing climate change, by expanding existing thermal coal policy, committing to utilize 100% renewable power until 2022 and signing Business Ambition for 1.5 degrees Celsius Pledge.


ZURICH's head of EMEA Amanda BLANC resigns

ZURICH Insurance Group announced that Amanda BLANC, CEO EMEA and Bank Distribution and a Member of the Group's Executive Committee, has tendered her resignation.


VIG listed in VONIX sustainability index

The Vienna Insurance Group (VIG) has been included again in Austria's VONIX sustainability index for the 2019/20 period. The listing was officially announced at the end of June 2019.

Trust Re reaffirms its commitment to the market

Trust Re, the regional reinsurance company headquartered in the Kingdom of Bahrain since 1989, announced that The Company is satisfied with its 30-year growth and remains committed to fulfilling all its obligations.

LLOYD's announced new appointments for the EMEA region

LLOYD's, the world's insurance and reinsurance market, announced the appointment of Mark COOPER for the newly created role of Head of Market Development for the European market, and Amit KHILOSIA as the new Regional Head, Africa.