The national agency Expert RA confirmed the rating of VTB Insurance at ruAAA with stable forecast followed 100% sale of VTB Insurance to SOGAZ in November 2018, ASN wrote.
SCOR announced the creation of SCOR Europe SE, its new Paris-based P&C specialty insurance company, which has been approved by the French supervisory authority, the ACPR (Autorite de Controle Prudentiel et de Resolution).
The Italian group GENERALI has announced today its strategic lines of development until 2021, built on three strategic pillars which include initiatives that will each contribute towards delivery of the Group's financial targets: Profitable growth; Capital Management and Financial Optimization; Innovation and Digital Transformation.
The majority of A.M. Best rated insurance groups affected by Brexit have either completed or initiated a transfer of their EEA business from their UK insurer to an affiliated EEA insurer, a briefing published by the rating agency says.
TAS insurance group reported for the first 10 months of this year GWP worth UAH 1.14 billion (+ 38.5% y-o-y) and paid claims of UAH 436.83 million (+49.8% y-o-y), Forinsurer wrote.
In 3Q2018, UNIQA Insurance Group increased its recurring premiums written including the savings portion by 3.1%, while total group premiums remained stable at EUR 4,042.3 million. Earnings before taxes up 17.1% to EUR 212.4 million
MTIBU (Motor Transport Insurance Bureau of Ukraine) announced 93,519 e-MTPL policies were sold in Ukraine since the launch of e-policies (on February 7, 2018) until November 12. Total GWP volume under e-policies amounted to UAH 66.4 million.
According to the Deputy executive director of the Russian Association of Motor Insurers (RAMI), Sergey EFREMOV, as of now the share of replacement in kind in MTPL is below 15-20%.
In the first nine months of the year, the SAVA Re Group achieved high growth of 8.1% in its revenue of EUR 393.3 million. The income structure already reflects the benefits of the acquisitions finalized in 2018, which also include non-insurance activities.
Lloyd's of London announced that its Chief Operating Officer, Shirine KHOURY-HAQ, has decided to leave the Corporation, after nearly five years.
The global insurance broker MARSH announced the formation of MARSH-JLT Specialty - the new specialty business that combines the specialty teams of MARSH and JARDINE LLOYD THOMPSON Group (JLT) and will be headed by Dominic BURKE, currently CEO of JLT Group.
Italian financial group GENERALI has launched GENERALI Global Pension (GGP), a new business unit dedicated to pensions. GGP is headed by Anne de LANVERSIN.
WILLIS TOWERS WATSON announced that Victor GANZI will replace James McCann as Chairman of the Board from 1 January 2019. McCann will continue to serve as a Director and as Chairman of the Nominating and Governance Committee, as the broker stated in a press release.