FRISS appointed Niels ZIJDERVELD as Chief Commercial Officer. ZIJDERVELD will lead the FRISS Sales and Marketing departments.
GENERALI finalized the acquisition in Portugal of 100% of the company SEGURADORAS UNIDAS and the service company AdvanceCare from CALM EAGLE Holdings and CALM EAGLE PARENT Holdings II, entities majority owned by investment funds managed by certain affiliates of APOLLO Global Management, as the Italian insurance group informed in a statement
820 natural catastrophes
caused overall losses of USD 150 billion in 2019, a portion of only USD 52 billion being insured, below the 2018 figure, as the global reinsurer MUNICH Re informed in a statement: "This was due, among other things, to the high share of flood losses, which are often not insured to the same extent as wind damage in most industrial countries".
On January 13th, 2020, Qatar Insurance Group (QIC) has announced the appointment of Salem Khalaf Al Mannai as the Group CEO of Qatar Insurance Group.
As of January 1st, 2020, Judit HAVASI took over the position of General Manager of DONAU Versicherung AG, the fourth largest group company of the Vienna Insurance Group (VIG). At the same time, Wolfgang PETSCHKO joined the board of DONAU, while Mario DIENSTL and Lambert MURI have been appointed to the extended management.
On December 27, 2019, Sava Re d.d. (buyer) and NLB d.d. and KBC Insurance NV (sellers) signed a sale, purchase and transfer agreement regarding 100% of the share capital in NLB Vita d.d.
On 19 December 2019, the supervisory board of Sava Re d.d. received the statement of Srecko CEBRON on his early termination of tenure on the Sava Re management board and accepted his proposal for the consensual termination of his employment contract as a management board member as of 31 May 2020.
Everest Insurance, the diversified specialty insurance division of Everest Re Group, has appointed Mike KARMILOWICZ to Executive Vice President of Everest Insurance and President of Everest Insurance North America P&C.
At the end of 2019, Dutch insurance group ACMEA announced the shareholders approved the appointment of Lex KLOOSTERMAN as a member of ACHMEA's Supervisory Board, while Bianca TETTEROO has been appointed as vice-chair of the Executive Board with effect from 1 January 2020.
At the end of 2019, American International Group announced that Peter ZAFFINO has been named President of AIG, effective January 1, 2020. At the same time he will continue to serve as Global Chief Operating Officer of AIG and Chief Executive Officer of General Insurance.
AON announced Alejandro GALIZIA has appointed as CEO for Commercial Risk, Health, Retirement and Data & Analytics for Latin America.
AVIVA has appointed George CULMER as Senior Independent Non-Executive Director with effect from 1 January 2020. He succeeds Glyn BARKER, who retired from the Board and as Senior Independent Director on 31 December 2019.
Frans van der Ent will stand down as chairman of ACHMEA's Pension & Life division early in 2020, as the Dutch financial group announced in mid-December 2019, "reducing the size of its board in line with our service-book strategy. It has been agreed that Mr Van der ENT will continue his career outside ACHMEA".
Reinsurance broker GUY CARPENTER part of MMC - Marsh & McLennan Companies announced this week the appointment of Jeff SAPER as CEO of the Pacific region, with immediate effect.
At the end of December, MMC's (Marsh & McLennan Companies ) reinsurance brokerage arm - GUY CARPENTER announced the appointment of Patrick SCHEPENS as CEO of the Benelux region, effective April 2020. Patrick SCHEPENS succeeds Bruno Bogaerts who will continue as CEO until he joins the company, and will continue as Chairman of the Benelux region.
CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced it reviewed the business plan for 2020 and the strategic business plan for the next three years.
ALLIANZ Holdings plc has completed the planned acquisition of the remaining 51% of the LV General Insurance Group (LV GIG) from LIVERPOOL Victoria Friendly Society (LVFS). The total consideration by ALLIANZ for 100% of LV GIG will be up to GBP 1.078 billion.
Global re/insurance broker Aon announced that it has completed the firm's acquisition of the digital insurance platform for small and medium-sized businesses CoverWallet,.
In 2020, Triglav Group expects to increase its consolidated written gross premium to around EUR 1.2 billion (2019 plan: around EUR 1.1 billion) and profit before tax to EUR 95-105 million (2019 plan: EUR 90-100 million), while keeping a combined ratio below 95%.
Based on its 2020-2022 strategy, the Sava Insurance Group has prepared its annual plan for 2020. The Group's operating revenues for 2020 are planned to exceed 4%, while it targets a net profit of over EUR 45 million and a ROE of at least 11%.