News - Re/Insurance groups

MMC completes acquisition of JLT

Marsh & McLennan Companies (MMC) announced the completed the acquisition of Jardine Lloyd Thompson Group plc (JLT) for USD 5.6 billion in fully diluted equity value. A week ago, the European Commission gave the green light for the transaction.

European Commission approves acquisition of JLT by MMC

TheEuropean Commission announced it approved the acquisition of Jardine Lloyd Thompson Group plc by Marsh & McLennan Companies. "The approval is conditional on the divestment of JLT's global Aerospace practice", as the European Regulator stated.

PZU's Management Board confirmed for a new term

The Supervisory Board of PZU SA appointed the Management Board of the company, including its president, Pawel SUROWKA, for a new term, which will last until December 31, 2022.

A new life insurance company will launch in CZ & SK markets

Youplus, a new life insurance company, will launch in the Czech and Slovak insurance markets in May 2019. Youplus will begin operation in the Czech Republic the first half of 2019 and enter the Slovak market in the second half.

MUNICH Re: Proposals for election to the Supervisory Board

Nikolaus von Bomhard (62) was nominated for election to the MUNICH RE's Supervisory Board at the Annual General Meeting, on 30 April 2019, and also recommended to succeed Bernd Pischetsrieder as Chairman of the Supervisory Board.

RenaissanceRe completes acquisition of Tokio Millennium Re

RenaissanceRe Holdings Ltd. announced on March 22 that it has concluded the acquisition of Tokio Millennium Re ("TMR"). The acquisition was initially announced 30 October 2018 and the completion follows the receipt of all necessary regulatory approvals.

EUROHOLD increases share capital by BGN 80 million

Bulgaria-based Eurohold plans to increase its share capital by BGN 80 million through preferred shares, the new total reaching BGN 277 million. The capital growth will help the company to reduce its debt and support expansion plans.