GENERALI finalized the completion of the transaction with German Group Union Asset Management Holding AG to acquire Union Investment TFI S.A. in Poland. GENERALI has received the required approvals from all relevant regulatory bodies and competition authorities.
The Geneva Association, the global organization of insurance and reinsurance CEOs, has announced the election of four new Board members. The association's Board refreshment follows to the appointment, in February, of Jad ARISS as Secretary General.
S&P Global Ratings has revised on 14 June its outlook to positive from stable on Poland-based multiline insurer Powszechny Zaklad Ubezpieczen S.A. (PZU) and its core operating subsidiaries, all together, the PZU Group. The agency affirmed its 'A-' long-term issuer credit and financial strength ratings.
SCOR Global Life, a division of the French based reinsurer, has announced a series of appointments related to French market.
GENERALI CEE Holding announces some changes in the managements of its subsidiaries CESKA pojistovna (Czech Republic), Generali Poistovna (Slovakia), and Generali osiguranje (Croatia), to become effective in the upcoming weeks and months once the necessary approvals have been received.
The Polish Financial Supervision Authority agreed to the merger of Generali Zycie and Concordia Capital. Maciej FEDYNA, Member of the Management Board of Generali Polska, will perform the function of President of the Management Board of the Concordia Polska Mutual Insurance Society.
The project for the renovation of the "Procuratie Vecchie" in Piazza San Marco in Venice, contracted to David Chipperfield Architects Milan by GENERALI in 2017, has finally received permission to build from the Municipality.
AVIVA's head Maurice TULLOCH - appointed as CEO of the UK largest insurer on March 4th 2019 replacing Mark WILSON, announced the Group is cutting 1,800 jobs over the next three years in an effort to cut costs.
German insurer ALLIANZ announced two movements in order to increase its presence in the UK.
ZURICH Insurance Group announces the appointment of Conny KALCHER to the position of Chief Customer Officer of the new created Customer Office as part of ZURICH's drive to further elevate customer excellence across the organization.
AVIVA announced that the BoD and Tom STODDARD have decided that Tom STODDARD will step down as Chief Financial Officer and as a Director of AVIVA from 30 June 2019: "Tom STODDARD will remain with the Group until 31 December 2019 to support an orderly transition".
AON announced that Peter LIEB is retiring from the firm after ten distinguished years of service as Executive Vice President and General Counsel.
Austrian insurer UNIQA announced changes in its Vaduz-based Management. Thus, Carsten ABRAHAM was appointed as CEO of UNIQA Versicherung Aktiengesellschaft, Vaduz in addition of current CFO responsibilities, after Ismar Daniel KUHNEISEN decided to exit UNIQA Group.
Fitch Ratings has taken rating actions on Italian insurance group Assicurazioni Generali SpA (GENERALI) and removed them from Under Criteria Observation (UCO), where GENERALI was placed on 15 January 2019.
Swiss Re Corporate Solutions announced a new Head for Accident & Health North America and a new Head for Financial & Professional Services and Casualty Canada, both effective from June 2019. The newly announced Heads will be Katie MCGRATH and Tyler JOHNSTON.
Italian insurer GENERALI has entered into an agreement with Reinsurance Group of America (RGA) for the sale of the life run-off portfolio of its UK branch.
Global re/insurance broker AON announced changes within its Global Reinsurance Clients team, which launched in 2014 and forms part of its Reinsurance Solutions operation.
Bulgaria-based EUROINS, part of EUROHOLD, reported a consolidated revenue of EUR 171 million (+41% y-o-y) for the first three months of 2019. For the same period, EUROINS showed an increase of 37% in gross written premiums (GWP) volume, growth sustained mainly by Romanian and Bulgarian business.
First quarter results of 2019 improved for NN Group. The net result increased by 28.4%, while the gross premium income reached EUR 4.9 billion, showing an increase of 9.0% compared to the same period of 2018.
Talanx Group began the year with a strong GWP growth of 11%, reaching EUR 11.7 billion. Net income was up by 8%, while the combined ratio slightly improve to 96.8%, compared to 1Q2018. Talanx Group expects a net income of EUR 900 million by the end of 2019.