Microsoft will team up with Allianz and Syncier, the B2B2X insurtech founded by Allianz, to offer new digital solutions aiming to reduce costs and improve the portfolio management process.
China Banking and Insurance Regulatory Commission (CBIRC) approved Allianz request to conduct operations in world's fastest growing economy.
From January to September 2019, Sampo Group accumulated a profit before taxes of EUR 1,073 million, 34.7% smaller than the same period of prior year.
Lloyd's has informed that it will merge the Council with the Franchise Board from June 2020 to create a unified governing body, after receiving widespread support from across the market.
Italian insurer GENERALI annouced the launch of ARTE GENERALI, a global business unit dedicated to art collectors. "ARTE GENERALI is a suite of prevention, protection and insurance solutions for art collectors, integrated with unmatched services and cutting-edge technology", mentioned the Italian insurer in a press release.
French insurance group AXA announced it sells 144 million shares in its US subsidiary AXA Equitable Holdings (EQH) to the investment company GOLDMAN SACHS which acted as the sole underwriter of a registered public offering of the AXA Group.
Net income available to common shareholder was USD 998 million for the first nine months of 2019, showing a solid result compared to the USD (101) million net income registered in the first nine months of 2018.
For the third quarter of 2019, NN Group net result amounted EUR 515 million, showing a decrease of 34.6% year-on-year, reflecting lower non-operating items.
The PZU Group saw in 3Q 2019 record-breaking sales, with GWP amounting to PLN 17.5 billion (EUR 4 billion). At the same time, the net result on insurance activity reached PLN 1.99 billion (EUR 455 million), the best in five years.
In the first nine months of 2019, Triglav Group posted a total of EUR 905 million in consolidated GWP, or 10% more y-o-y, and reached a profit before tax of EUR 72 million, up by 3% y-o-y. Taking into account the conditions anticipated until the end of the year, the Group confirms its annual profit guidance.
Swiss Re Corporate Solutions (SRCS) appoints Loredana MAZZOLENI NEGLEN as Head Customer Experience & Global Sales Steering, effective 1 February 2020. In this newly created role, she will be responsible for supporting SRCS to better understand and address its customers' needs and pain points, and deliver a better Customer Experience.
For the first nine months of 2019, Zurich Insurance Group (Zurich) Property and Casualty (P&C) amounted USD 26.4 billion (up 7%), while the Life annual premium equivalent was USD 3.2 billion (down 6%).
For the third quarter of 2019, Talanx Group consolidated operating profit reached EUR 619 million, increasing by 139% year-on-year. The first nine months operating profit was EUR 1,863 million (+26.7%).
In the third quarter of 2019, ERGO consolidated profit decreased to EUR 119 million (-31.4%), while the first nine months profit was positive but smaller too, amounting EUR 339 million (-5.4%).
Vienna Insurance Group (VIG) and Wiener Stadtische are the new "Founding Partner" of the leading global innovation platform, Plug and Play, in Silicon Valley.
Allianz Global Investors (AllianzGI) has announced the retirement of Andreas UTERMANN from the position of CEO, to take effect on January 1st, 2020.
From January to September 2019, Hannover Re registered a net income of EUR 1,003.2 million, 38.3% higher year-on-year (9M2018: EUR 725.3 million).
Munich Re generated a profit of EUR 865 million (3Q2018: EUR 483 million) in the third quarter of 2019, 79.1% higher than the result of the same period of prior year.
Jan-Hendrik ERASMUS, current Chief Risk Officer (CRO) of NN Group will join Aviva plc as Group Chief Risk Officer.
At the end of September 2019, for the first nine months of current year, AXA Group's total revenues went up by 5%, amounting EUR 79.7 billion. Most of this amount came from French and European markets.