The Supervisory Board of the Hungarian VIG Group company UNION Vienna Insurance Group Biztosito Zrt. has appointed Gabriella ALMASSY the new General Manager of the company effective 1 January 2020.
Trust Re announced the strengthening of its Executive Management team, thus forming its new Executive Committee. The nominations have been approved by The Central Bank of Bahrain, and are part of Trust Re's strategic plans.
In recognition of his dedicated effort and outstanding leadership in Poland, Romania, the Baltic States, the Ukraine and Moldovia, Franz Fuchs will be named Deputy General Manager on 1 October 2019. Three new members with extensive international experience in the Group - Gerhard Lahner, Gabor LEHEL and Harald RIENER - will join the Managing Board as of 1 January 2020. Judit HAVASI will resign from the VIG Managing Board at the end of 2019.
Guy Carpenter announced a key leadership change to further its growth strategy. David PRIEBE has been appointed to the role of Chairman of Guy Carpenter, effective immediately.
SCOR has been informed of the decision by Standard & Poor's (S&P) to affirm the financial strength rating for the Group and its main subsidiaries at "AA-", with a "stable outlook", and to maintain the counterparty credit ratings at "AA-/A-1+".
Aon published its half-year ARA (Aon's Reinsurance Aggregate) report on the global reinsurance market. The report shows strong earnings among the top reinsurance companies, driven by premium growth, a small incidence of major losses and improved investment results.
France-based CCR Group released its first half of 2019 report. CCR, the public-sector reinsurer, reported a total amount of EUR 929 million written premiums (+3.5% y-o-y), while CCR RE, the global branch of the group, a total premium volume of EUR 441 million (+16% y-o-y).
Vienna Insurance Group (VIG) starts operating in Sweden, Norway, Denmark and Finland. A locally established team of VIG underwriters will be offering insurance solutions to corporate customers through brokers, the Austrian group has announced.
AVIVA has announced the appointment of Erica ARNOLD to the new role of Chief Operating Officer, reporting to Maurice TULLOCH.
David FLANDRO joins Hyperion X as Managing Director of Analytics, Reinsurance News informs. FLANDRO previously held the role of Global Head of Analytics of JLT Re.
France-based Groupama Group reported a total premium income of EUR 9,459 million for the first six months of 2019, showing an increase of 1.0% year-on-year, mostly sustained by French business, which grew by 1.9%.
BEST RECRUITERS tested recruiting measures of 1,311 organisations in the German-speaking countries. Vienna Insurance Group (VIG) emerged as industry winner of insurances in Germany, Austria, Switzerland and Liechtenstein.
On 29 August 2019, Zavarovalnica Triglav announced that David BENEDEK has assumed the office on the Management Board of Zavarovalnica Triglav, for a five-year term.
TransRe has appointed Andy TAYLOR as Chief Underwriting Officer for the London, Continental Europe, Middle East, Africa and Asia Pacific businesses.
Sirius Group announced a generous list of changes in the management structure across the company, a set of "enhancements to unify the global operating structure" and to empower a number of key leaders inside the group.
Julie SWEET was assigned the role of Chief Executive Officer of Accenture, joining the company's board of directors. She succeeds David ROWLAND, who was assigned as interim Chief Executive Officer on January 10th.
The PZU Group has achieved in 1H2019 the highest net financial result attributed to the parent company for the first half of the last five years, of PLN 1.48 billion, while the group's efficiency ratios were better than planned.
UNIQA Group announced a "solid" first half of 2019, with a net profit of EUR 105.6 million and a total volume of written premiums (GWP) of EUR 2.8 billion. Health segment saw the highest growth in terms of GWP (+3.4%), while Life insurance shrunk by 4.2% at group level.
Zurich Insurance Group reported a business operating profit (BOP) of USD 2.8 billion at the end of the first half of 2019. The evolution reflects an increase of 16% compared to the profit of the same period of prior year.