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Generali completes acquisition of La Médicale from Crédit Agricole Assurances

5th July 2022

Italian insurer Generali has completed its acquisition of La Médicale, the insurance subsidiary for healthcare professionals Crédit Agricole Assurances. As well as this, Generali has also completed the purchase of Predica’s death coverage portfolio, which is marketed and managed by La Médicale. following all necessary approvals from the relevant regulatory and ... Read the full article

Generali in talks to acquire La Médicale from Crédit Agricole Assurances

25th November 2021

Italian insurer Generali has entered into exclusive negotiations to acquire La Médicale, the insurance subsidiary for healthcare professionals owned by Crédit Agricole Assurances. Under the terms of the arrangement, Generali France will also acquire Predica's death coverage portfolio, which is marketed and managed by La Médicale. Predica is a life insurance entity ... Read the full article

Crédit Agricole reports 24% revenue growth in 9M

11th November 2021

Crédit Agricole Assurances has announced a 24.6% growth of revenue across its priority lines of business during the first nine months of 2021. Priority lines of business include protection of assets and individuals and unit-linked products in savings and retirement. Meanwhile, the combined ratio stood at 96.9%. Property & Casualty revenue increased by ... Read the full article

Credit Agricole buys 5% of Creval, acquires Global Assicurazioni

26th July 2018

France-based insurer Credit Agricole Assurances (CAA) has bought a 5% stake in Italian banking firm Credito Valtellinese (Creval), as part of a long-term and exclusive partnership. As part of the deal, CAA will acquire the entire share capital of Creval's insurance subsidiary Global Assicurazioni (GA). Prior to the closing of the ... Read the full article

AXA tops list of largest EU insurers ranked by GPW

1st August 2022

When ranked by gross premiums written (GPW) in 2020, AXA tops the list of the largest European insurance companies with USD 115.3 billion. The insurer also recorded USD 80 billion of capital & surplus from 2020. Based on research data from ratings agency AM Best, our directory ... Read the full article

Generali appoints Stefano Marsaglia to its board

18th July 2022

Assicurazioni Generali has appointed Stefano Marsaglia as a member of its Board, following the resignation of non-independent director Francesco Gaetano Caltagirone for undisclosed reasons.  Stefano Marsaglia, who is 67 years old, has been appointed as an independent director. The Turin-born Italian citizen has a long experience in investment ... Read the full article

Arbol hires Kornberger as Chief Revenue Officer & Deputy CFO

3rd May 2022

Insurtech platform and FinTech company Arbol has announced the appointment of Charlie Kornberger, who joins the company as Chief Revenue Officer and Deputy Chief Financial Officer (CFO). Within these roles, Kornberger will oversee all revenue generating programs and operations for Arbol and its subsidiaries. Kornberger joins Arbol from Standard Chartered Bank, where ... Read the full article

Generali agrees to acquire La Medicale for €435mn

2nd February 2022

Generali has agreed to acquire La Médicale, an insurance company for healthcare professionals, for an expected €435 million as part of the company's strategic growth plan. The acquisition follows the exclusive negotiation with Crédit Agricole Assurances, which was announced last November, and the consultation of the dedicated workers’ councils. The transaction also ... Read the full article

SCOR concludes sustainability-linked LOC

28th January 2022

French reinsurer SCOR has concluded a five-year sustainability-linked standby letter of credit facility with Crédit Agricole CIB, which has been structured to incorporate an indexation to SCOR’s two key public ESG commitments. One of the commitments includes the Group Executive Committee to comprise at least 30% women by 2025, followed by ... Read the full article

Piiq’s IFLI division inks first insurance backed aviation finance transaction

13th April 2021

Global aerospace re/insurance broker Piiq Risk Partners has announced the first insurance-backed aviation finance transaction to be completed via its Integrated Finance Linked Insurance (IFLI) division. The transaction was completed alongside Credit Agricole CIB (CACIB) and closed on 30 March 2021. IFLI (Integrated Finance Linked Insurance) is designed to originate, structure and ... Read the full article

UnitedHealth, Ping An, AXA top list of world’s largest insurers by premiums

6th January 2021

When ranked by net premium written (NPW) in 2019, UnitedHealth Group Incorporated remains the world's largest insurance company on the back of year-on-year growth of 6.52%. Based on research data from ratings agency A.M. Best, our directory of the World’s Largest Insurance Companies shows that UnitedHealth Group has maintained ... Read the full article

CCR Re bolsters solvency with €300mn bond issue

9th July 2020

French reinsurance firm CCR Re has completed the placement of €300 million Tier 2 subordinated bonds in its first bond issuance. The bond was quickly placed with more than 150 investors, mainly based in France, Europe and Asia. CCR Re said the issue will support the development of its Streamline business plan ... Read the full article

World’s Largest Insurance Companies

10th April 2018

The world's largest insurers This World's Largest Insurance Companies directory is based on research data from rating agency A.M. Best. Listing the top insurance companies in the world, this directory provides a simple way to analyse the world’s top insurance companies by premiums underwritten and by their net assets. The largest ... Read the full article

Willis adds Divisional Director to Financial Solutions Division

13th July 2017

Global insurance and reinsurance broker, Willis Towers Watson, has hired Stephanie Pariot as a Divisional Director within its Financial Solutions Division, which is part of the firm's Global Financial Lines and Corporate Risk and Broking unit. Pariot joins Willis Towers Watson with more than a decade of investment banking experience, having ... Read the full article

Gary Geller appointed to Atradius Special Products head of underwriting

5th June 2017

Trade credit insurer, Atradius, has announced the appointment of Gary Geller to Head of Atradius Special Products Unit, London underwriting team. As an industry veteran, Geller brings over 30 years of experience in trade finance, commodity trading and management of commodity-related projects to the new role. He worked across New York, Paris ... Read the full article