ROSGOSSTRAKH has announced its decision to merge life insurers - ERGO Life and RGS Life Insurance, according to the information on the insurer's website, published on January 31.
Guvanch NURMUKHAMMEDOV has been appointed as the new General Director of the State insurance organization, the single insurance institute of Turkmenistan, as the State information agency of Turkmenistan wrote.
The Parliment of Estonia, Riigikogu, has approved the text of the new law on insurance activities. Today, only a few types of companies have the right to do insurance business inside Estonia. The new law will permit specific commercial associations to act as insurers too.
Hellenic Bank is about to revise its insurance activities to discover the best alternatives for the subsidiary insurance companies, according to the portal insuranceworld.gr of Ethos Media.
MUNICH Re informed its Q profits fell by 56% y-o-y to EUR 238 million, impacted by the California wildfires in November and volatile financial markets towards the end of year. The group's FY 2018 net profit of EUR 2.2 billion is in line with its target of EUR 2.1 - 2.5 billion.
ZURICH Insurance Group announced that the Board of Directors will propose to elect Michael HALBHERR and Barry STOWE to the Group's Board of Directors. The election will take place at the Annual General Meeting on April 3, 2019.
LLOYD's announced in a statement the appointment of David DUCLOS as Non-Executive Chairman of LLOYD's Global Network, where "he will play a key advisory role in the development of Lloyd's international network. David will take up the position at Lloyd's immediately".
Burkhard KEESE has been confirmed as the Chief Financial Officer (CFO) of Lloyd's following the unanimous approval of his appointment as successor to John PARRY by the Council of Lloyd's.
Italian insurer GENERALI informed that its assistance provider in insurance field - EUROP ASSISTANCE -has acquired from Arthur GALLAGHER a 100% stake of TRIP MATE, a managing general agent leader in the tour operator travel insurance market in the United States.
Against a backdrop of modestly improved conditions from an overall perspective, Hannover Re increased its premium volume in traditional property and casualty reinsurance by 15.4% on a currency-adjusted basis to EUR 6.4 billion (EUR 5.6 billion) in the 1 January 2019 treaty renewals.
Swiss Re Corporate Solutions expanded its cyber offering by launching CyberSolution 360
Three top Czech insurers have identified fraudulent insurance claims worth CZK 640 million, in 2018. While Prague was the region providing for the highest amount of fraud attempts, the main lines of business affected by the fraudulent behavior of insureds were property, motor and lianility insurance.
By the end of the first quarter of 2019 it is planned to increase MTPL insurance limits for damage to property, life and health caused as a result accidents, as MTIBU informed.