News - Insurance

Conclusions: IIF 2019 - MOTOR INSURANCE - the innovation challenge

Technology driven trends in the motor insurance field and technological approaches to meet future challenges were just a few of the topics analyzed during "IIF 2019 - MOTOR INSURANCE - the innovation challenge", which took place on Monday, 8 April, in Vienna, Austria.

GENERALI to take over ERGO units in Hungary and Slovakia

Italian insurer GENERALI announced signing an agreement to take over the entire life, non-life and composite insurance portfolios of three entities of ERGO International AG in Hungary and Slovakia. The sale is subject to certain regulatory and anti-trust approvals, as is customary for transactions of this kind. The parties have agreed not to provide details of the purchase price and other terms.

ALBANIA: AFSA introduces MTPL Bonus-Malus system

The Albanian Financial Supervisory Authority (AFSA) has approved sets of instructions for Bonus-Malus system implementation. The Bonus-Malus system will begin to function in Albania starting April 1, 2019.

MMC completes acquisition of JLT

Marsh & McLennan Companies (MMC) announced the completed the acquisition of Jardine Lloyd Thompson Group plc (JLT) for USD 5.6 billion in fully diluted equity value. A week ago, the European Commission gave the green light for the transaction.

AZERBAIJAN: the Compulsory Insurance Bureau has made new appointments

The Board of Trustees for the Compulsory Insurance Bureau of Azerbaijan (ISB) has new appointments. Azer ALIYEV has been appointed Chairman of the Board of Trustees, replacing Lana GOZALOVA, first deputy chairman of the AXA Mbask Insurance Company in this position, Trend wrote.

AIG announces three new nominees to BoD

AIG announced that its Board of Directors has nominated three new director candidates for election at AIG's Annual Meeting of Shareholders 2019.