For the first nine months of 2019, SCOR Group secured a net income
of EUR 401 million, 17.3 percent more compared to the same period of 2018. The return on equity (ROE)
was 8.8%, exceeding the profitability target set in "Quantum Leap"
business plan by 816 bps.
Reuters reported that French insurer AXA is considering selling its Central European business "as part of a restructuring to quit markets where it lacks scale, three sources familiar with the situation said".
Fitch Ratings has affirmed and removed Sirius International Group, Ltd.'s ratings from Rating Watch Negative, including its 'BBB' Long-Term Issuer Default Rating (IDR), 'BBB-' senior debt rating and 'A-' (Strong) Insurer Financial Strength (IFS) rating of Sirius's operating subsidiaries. The Rating Outlook for all ratings is Stable.
The 20th edition of the world's first brand valuation survey, the Best Global Brands 2019 report, shows Allianz as being the no.1 insurer globally, with its brand value increasing by 12% y-o-y, to USD 12.1 billion. Allianz ranks 43rd while Top 100's total combined value is of USD 2.13 trillion, 5.7% up y-o-y.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of Pozavarovalnica Sava d.d. (Sava Re) (Slovenia), the operating holding company of the Sava Re Group. The outlook of these Credit Ratings (ratings) is stable.
Digital transformation posing new challenges for insurance industry, representatives of MUNICH Re have shown in Baden Baden, emphasizing that MUNICH Re's digital solutions support insurers across entire value chain: while data-analytics tool "The Box" improves loss ratio and efficiency in motor business, AQUALYTIX delivers key findings about drivers of water-mains damage.
In the 1th year that Guy Carpenter has hosted the Reinsurance Symposium in Baden Baden, the event has focused on the question: "Is the (re)insurance sector ready for Industry 4.0?" The subject was addressed by a panel of senior industry figures who considered the extent to which the (re)insurance industry was keeping pace with the rapidly evolving needs of its clients.
Vienna Insurance Group (VIG) is 495 in the list of the 500 best employers in the world, according to the latest "Forbes Global 2000 - World's Best Employers Ranking", published in October 2019.
On October 15, 2019, the international rating agency Standard & Poor's confirmed its long-term public issuer credit rating of "A+" and financial strength rating of "A+" with stable outlook for VIG RE zajistovna, a.s., affirming the same rating VIG Re has enjoyed since its founding in 2008.
Swiss Re and global car electronics company Pioneer have co-developed an innovative telematics solution that will be integrated in Swiss Re's Coloride app and is set to be launched globally early next year, Swiss Re has announced.
AXA announced today that Gerald HARLIN, Group Deputy CEO and Group CFO, will be appointed Executive Chairman of AXA IM, effective December 1, reporting to Thomas BUBERL, CEO of AXA.
Aon announced that Lori GOLTERMANN, CEO, U.S. Commercial Risk and Health Solutions of Aon, was elected to the Board of Directors of The Council of Insurance Agents & Brokers (CIAB).
NN Group announced the intended appointment of Tjeerd BOSKLOPPER as CEO Netherlands ad interim. The appointment is subject to approval by the Dutch Central Bank, and is expected to be effective as from early November 2019.
Aegon announced that Thomas WELLAUER will be nominated for appointment to the Supervisory Board for a four-year term.
PartnerRe Ltd. announced that Mario BONACCORSO, Executive Vice President and Chief Financial Officer, will retire on March 31st, 2020 to pursue a new entrepreneurial venture outside the company.
Guy Carpenter & Company, LLC announced that Frank GUERRIERO has been appointed as Interim Head of International Facultative Operations, reporting to James NASH, CEO, International, Guy Carpenter.
AM Best has assigned a Long-Term Issue Credit Rating of "A-" to the EUR 750 million fixed rate senior dated subordinated notes due 2030 issued on 1 October 2019 by Assicurazioni Generali S.p.A. (Generali) (Italy).
Munich Re purchased additional shares in Silicon Valley based "Next Insurance", taking its overall holding in the Californian start-up to around 27.5%.
S&P Global Ratings affirmed its 'A' long-term issuer credit and financial strength ratings on the core operating entities of Austria-based multiline insurance group UNIQA.
FRISS announced to have extended their partnership with Munich Re to globally support insurers in their fight against fraud.