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.
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.
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.
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.
Ludovic SUBRAN will become the Chief Economist of Allianz SE and take over as Head of Group Economic Research from October 1, 2019. He succeeds Michael HEISE who is retiring after 17 years at Allianz.
Willis Towers Watson (WLTW), the global consultancy and brokerage firm, has recently appointed Eleonora GEAMANU as CEO of Willis Towers Watson Romania - Insurance Broker-Reinsurance Broker.
The national rating agency Expert RA raised the rating of SBERBANK Insurance to ruAAA, outlook stable. Previously, the insurer's rating was ruAA+, outlook positive, ASN reports.
Sirma BOSHNAKOVA was named Chief Executive Officer of German insurer ALLIANZ Partners, effective April 1, 2019.
On April 1, financial and insurance group Eurohold Bulgaria announced its binding offer for the Bulgarian assets of Czech energy group CEZ, the largest public holding company in the country and one of the leading independent business groups in Central and Southeastern Europe, Eurohold said in an official statement.
According to MTIBU (Motor Transport Insurance Bureau of Ukraine), in 2018, MTPL GWP increased by 20% to UAH 4.5 billion, and the number of contracts went up by 4.2% y-o-y.
Within the framework of the International Financial and Banking Forum of CIS member states, held in Tashkent March 27-31, INGOSSTRAKH and INGO Uzbekistan (part of the INGO Group) held a press-briefing on the development of Russian-Uzbek insurance relations, the news agency UzReport wrote.
According to the National Bank of Kazakhstan, GWP of the market, as of March 1, 2019, increased by 18.8% y-o-y, to KZT 91.9 billion, as Allinsurance.kz reports.
The Arbitration Court of the Moscow Region rejected ROSGOSSTRAKH's request to cancel the transaction of the sale of 100% shares of the subsidiary insurer RGS-Armenia to the Cypriot Company Cimarex Management Limited, as reported by TASS Russian News Agency.
Between 25 and 27 June 2019, insurance pioneers from all continents connect and get inspired at DIA Amsterdam 2019. The event, supported by XPRIMM Publications as Media Partner, brings into debate the future of insurance.
Representatives of A.M. Best presented a macro view of all the technological advances that will likely have a significant impact on the global insurance industry during "The next 25 years in insurance" webinar organized, at the end of March, by ICMIF - International Cooperative and Mutual Insurance Federation.
At the the General Meeting of Shareholders, the Supervisory Board and the Management Board of Zavarovalnica Triglav will propose the allocation of EUR 56.8 million to dividend payments, or EUR 2.50 gross per share for 2018.
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.
SBERBANK's Board of Directors elected Alexey LEONENKO as the new General Director, replacing Viktor DUBROVIN, effective March 29, the insurer reports.
AIG announced that its Board of Directors has nominated three new director candidates for election at AIG's Annual Meeting of Shareholders 2019.
SCOR Global Life SE and SCOR Global P&C SE merged into SCOR SE on March 31, 2019, as the Paris-based reinsurer announced in a statement.