News - Re/Insurance groups
Niels ZIJDERVELD appointed as FRISS CCO
FRISS appointed Niels ZIJDERVELD as Chief Commercial Officer. ZIJDERVELD will lead the FRISS Sales and Marketing departments.
17 January 2020GENERALI completed the acquisition of SEGURADORAS UNIDAS and AdvanceCare in Portugal
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
14 January 2020MUNICH Re: NatCat events cause overall losses of USD 150 billion in 2019, only one third being covered by insurance
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".
14 January 2020QIC appoints Salem Khalaf Al Mannai as Group CEO
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.
13 January 2020Austrian DONAU has a new General Manager
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.
10 January 2020SLOVENIA: Sava Re signed sale and purchase agreement for NLB Vita
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.
9 January 2020Peter SKVARCA joins the management board of Sava Re
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.
9 January 2020Mike KARMILOWICZ appointed as Executive Vice President of EVEREST Insurance
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.
9 January 2020ACHMEA announced changes in Supervisory Board
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.
8 January 2020AIG Board elected ZAFFINO as President
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.
8 January 2020AON names Alejandro GALIZIA as CEO for Latin America
AON announced Alejandro GALIZIA has appointed as CEO for Commercial Risk, Health, Retirement and Data & Analytics for Latin America.
8 January 2020AVIVA named CULMER as Senior Independent Director
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.
8 January 2020Frans van der ENT to stand down as chairman of ACHMEA Pension & Life
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".
8 January 2020GUY CARPENTER announces appointment of CEO of Pacific Region
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.
8 January 2020GUY CARPENTER named new CEO for the Benelux region
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.
8 January 2020ADRIS Grupa reviewed its 2020-2023 investing plan: Total investments increase by 33%, but less money allocated for insurance
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.
8 January 2020ALLIANZ becomes the second largest general insurer in UK after the compeltiton of most recent deals
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.
8 January 2020Aon completes acquisition of the SME insurtech platform CoverWallet
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,.
8 January 2020Triglav Group aims for higher premiums and profit in 2020
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%.
7 January 2020SAVA Re targets a EUR 45 million net profit for 2020, aiming for a >11% ROE
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%.
7 January 2020
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