At the end of November 2019, Marsh announced that John DRZIK, President, Global Risk and Digital (GR&D), will step back from full-time responsibilities as leader of GR&D effective January 1, 2020, but will remain involved with the business as a senior advisor.
At the beginning of December 2019, FRISS appointed Dan GUMPRIGHT as the Global VP of Products.
On November 5, 2019, CCR announced the appointment of Sebastien JALLET as Chief Investment Officer.
Swiss Re announced today an agreement to sell its subsidiary ReAssure Group plc to Phoenix Group Holdings plc.
Standard & Poor's (S&P) placed UNIQA Group on CreditWatch Positive after the Austrian insurer announcement of a possible merger between two of its branches.
Italian insurance group Generali could postpone presenting a formal bid for the European assets of MetLife Inc. until end March 2020, after the 2019 year-end results will be known, international news agencies report. Currently, the talks between the two parts are stalling because the difference of opinion on the operation's value.
SCOR announced the launch of a new three-year contingent capital facility. This takes the form of a contingent equity line, providing the Group with EUR 300 million coverage in case of extreme natural catastrophe or life events impacting mortality.
In October 2019, Japan was hit by Typhoon Hagibis, one of the worst storms in the region in decades. According to latest estimates, the claims payable by Sava Re under its reinsurance treaties will exceed EUR 5 million.
For the first nine months of 2019, Euroins Insurance Group (EIG), part of EUROHOLD Bulgaria AD, reported revenues of BGN 962 million (~ EUR 492 million), up by 43.9% year-on-year.
MAPFRE announced the appointments of Stefan JENSEN as CEO of MAPFRE Turkey and Herlin Sutanto as CEO of MAPFRE Indonesia.
AXA announced the appointment of Delphine MAISONNEUVE, currently CEO of AXA Brazil, as CEO of AXA Next and Group Chief Innovation Officer, effective January 1, 2020.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of "bbb-" of AzRe Reinsurance, OJSC (AzRe) (Azerbaijan).
CROATIA Osiguranje, a leading Croatian insurer, has selected Sapiens IDITSuite for Property & Casualty and Sapiens ReinsuranceMaster, as well as other tools provided by Sapiens International Corporation for its digital transformation program.
Allianz X, the digital investment unit of the Allianz Group, Debeka, msg group and SIGNAL IDUNA will invest in SDA SE Open Industry Solutions to support the development of new innovative digital services in the insurance industry.
Central and Eastern European is the only real growth area we can notice in the whole European insurance market, according to Christian KREUTZER, Market Head ACEE & Transaction Lead NCEE, Swiss Re,
in an exclusive interview for www.xprimm.com
At the end of September 2019, for nine months ended, VIG Re gross written premiums (GWP) volume rose by 19.9% year-on-year, to EUR 404 million.
Vienna Insurance Group (VIG) reported a net profit of EUR 226.5 million for the first nine months of 2019, 9.5% higher that the net profit of the same period prior year.
GUY CARPENTER & Company, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies, announced today the appointment of Robert JOHNSTON as Chairman of GUY CARPENTER's Bermuda operations, and Peter KOMPOSCH as Head of Casualty and Specialty, Bermuda, with immediate effect.
Global re/insurance brokerage company MARSH has announced that John DRZIK will step back from his full time responsibilities as President of the Global Risk and Digital (GR&D) division, effective January 1, 2020.
For the first nine months of 2019, Sava Insurance Group reported a net profit of EUR 37.7 million, reflecting an increase of 29.3% year-on-year, representing 87.6% of the group's annual target for 2019.