ALLIANZ Africa has announced the appointment of Adja SAMB as CEO of ALLIANZ Senegal, and of Xavier LAURENT, previously CEO of ALLIANZ Senegal, as regional Head of Market Management. Both appointments are effective January 1, 2019.
Italian based insurer GENERALI announced the closing of the sale of its entire stake in GENERALI Belgium SA to ATHORA Holding Ltd. "in line with the terms already announced to the market on April 18, 2018".
Swiss Re Corporate Solutions launched FLOW, a parametric water-level index-based insurance product, designed to protect companies in Europe from the financial impact of high or low river water levels, such as lost revenue due to business interruption or increased costs due to risk mitigation measures.
For 2019, SAVA Re Group targets a growth of over 4.5% in the Group's operating revenue, and a net profit of minimum EUR 43 million, 10% over the profit estimated for 2018, corresponding to a growth in ROE of at least 12%, the Slovene groups has announced.
As already stated (link la http://xprimm.com/Green-line-for-EUROINS-to-acquire-Georgian-insurer-IC-Group-articol-2,12,47-12012.htm) in September by EUROINS Insurance Group (EIG), Georgian insurer IC Group has become a member of the Bulgaria based group. EIG owns over 51% of the Georgian insurer.
Sompo International Holdings Ltd. (Sompo International), a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that Nigel FRUDD will become CEO of Sompo International, effective January 1, 2019, subject to applicable regulatory approvals.
On 18 December, in the 17th arrondissement of Paris, AXA has inaugurated "JAVA", its new global center dedicated to innovation, data and emerging technologies.
As part of the preparation towards a potential initial public offering (IPO) of ReAssure, Swiss Re announces Mark HODGES, currently Chief Executive Officer of Centrica Consumer division, as new CEO of ReAssure from 1 March 2019.
Alexander BOCKELMANN, Chief Digital Officer and Management Board member of UNIQA Osterreich Versicherungen AG and UNIQA International AG, will be leaving the company at his own request at the end of January 2019.
Austrian insurer VIENNA Insurance Group shows strong resilience in the latest EIOPA stress test, in all three quantitative test scenarios, VIG achieving results of between 158% and 215% including the volatility adjustment - well above the required minimum solvency ratio of 100%, the company announced in a statement.
ZURICH Insurance Group announced that the Board of Directors will nominate Jasmin STAIBLIN for a position on the Group's Board.
The European Commission has greenlighted the takeover of insurer Adriatic Slovenia by Generali CEE, an affiliate of Italy's Generali Group, the world's third largest insurer, STA reports. According to the Commission, the deal does not affect the competition on the relevant markets.