Chubb has appointed Karine Paul and Brigitte Vorrath as global client executives within its major accounts team for continental Europe. In the newly created roles, Ms Paul will manage France and the Nordic region, in addition to international accounts in the UAE and India. Ms Vorrath will manage accounts in Germany, Austria, Poland, Czech Republic, Hungary and Russia. Switzerland will…
Vienna Insurance Group (VIG) is to use its strong capitalisation to achieve further growth and broaden its presence, according to its group CEO. VIG’s 2018 group annual report notes that the group has a solvency ratio of 239%. “After beating our forecasts, we’ve raised our targets for 2019 and 2020,” said VIG CEO Elisabeth Stadler. “We will maintain our focus…
Political risks are “tilted to the downside” for the remainder of this year with populism no longer a fringe issue in Europe, warns Aon in its latest risk map…
Generali is to acquire the insurance portfolios of three entities of ERGO International AG in Hungary and Slovakia. No details of the purchase price and other terms have been revealed, but the gross written premium income across all three ERGO entities totalled €20.6m in 2017. Generali has signed an agreement to take over the entire life, non-life and composite insurance…
Willis Towers Watson has appointed Eleonora Geamanu as head of its Romanian business. She takes over from Anca Roscaneanu, who is now head of sales and client management for central and eastern Europe at the broker. Based in Bucharest, Ms Geamanu will be responsible for driving revenue growth in Romanian commercial insurance business. She joined Willis Towers Watson in 2007…
Allianz Global Corporate & Specialty (AGCS) has appointed Hartmut Mai as chief regions and markets officer for central and eastern Europe, the Mediterranean and Africa…
Insured losses from winter Storm Eberhard will range between €900m and €1.5bn, with the majority coming in Germany, according to AIR Worldwide. AIR’s loss estimate includes property damage and business interruption. Eberhard first struck the UK, the Netherlands and Belgium on 9 March. It then moved onto Germany before heading further east to Austria, the Czech Republic and Poland. The…
Allianz Global Corporate & Specialty (AGCS) has appointed Hans-Joerg Mauthe as regional CEO for central and eastern Europe. He will be responsible for the German market and AGCS business in Austria, Switzerland and eastern Europe from 1 April…
More than 59,000 personal data breaches have been reported across Europe since the introduction of the General Data Protection Regulation (GDPR), with the Netherlands, Germany and UK most affected, according to new analysis from DLA Piper. Despite this, only 91 GDPR fines have been imposed, but the law firm expects higher numbers in 2019…
Insurers are less trusted by consumers than banks and credit card companies to protect against cyber risk, according to a new survey from Europ Assistance conducted by LEXIS. In Europe, 62% of respondents trusted insurers in the fight against cybercrime, behind credit card providers at 65% and banks at 71%. Across all European countries surveyed – Italy, France, Spain, Switzerland,…