Reinsurance News
Ageas
Ageas Re to further diversify portfolio with opportunities in Casualty space
17th April 2024
Following the response Ageas Re received from the market in its inaugural year of operation, the company is now looking to expand its portfolio with opportunities in the Casualty space. Ageas stated: “As a key engine for future growth Ageas Re remains set on becoming a full-service reinsurer in the long ... Read the full article
Ageas decides against firm offer to acquire Direct Line after rejections
25th March 2024
Ageas SA/NV has stated that following the rejection of the two recent attempts to engage with the Board of Directors of Direct Line Insurance Group plc, it will not make an offer for the firm. Brussels-headquartered insurer Ageas was not able to identify additional elements based on publicly available information that ... Read the full article
Direct Line rejects improved possible offer by Ageas
13th March 2024
Ageas has submitted an improved possible offer to the Board of Directors of Direct Line to acquire the entire issued and to be issued share capital of the insurer, but the company's Board has again rejected the offer and expressed confidence in its standalone prospects. Brussels headquartered insurer Ageas confirmed ... Read the full article
Direct Line rejects “highly opportunistic” aquisition offer from Ageas
29th February 2024
UK insurer Direct Line Group has rejected Ageas' recently announced offer for the company, labelling it "unattractive" and "highly opportunistic". The firm's Board has now confirmed that on 19 January 2024, it received a highly conditional, non-binding indicative proposal from Ageas to acquire the entire issued and to be issued ... Read the full article
Ageas in preliminary stages of considering possible offer for Direct Line
28th February 2024
Brussels headquartered insurer Ageas has confirmed that it is in the initial stages of considering a possible offer to acquire the entire issued and to be issued share capital of UK insurer Direct Line Insurance Group Plc. According to Ageas, the combination of its UK business with Direct Line's will be ... Read the full article
Ageas Re posts improved 84.1% CoR for FY23 on lower claims
28th February 2024
International insurance group Ageas has reported an improved reinsurance segment combined ratio of 84.1% for 2023, which is considerably stronger than the 103.3% seen in 2022, attributed to significantly lower claims. Year-on-year, Ageas Re's protection inflows increased due to new non-proportional external premiums related to the third-party reinsurance business via the ... Read the full article
Ageas creates new MD Reinsurance & Investments role amid organisational changes
23rd January 2024
International insurance group Ageas has created a new role given the growth and ambitions of the reinsurance activities within the Group, naming Emmanuel Van Grimbergen as Managing Director, Reinsurance & Investments. Van Grimbergen, currently CRO and with extensive experience in capital optimisation for the Group, is slated to assume the position ... Read the full article
Ageas reconfirms guidance for 2023 net operating result to hit €1.1 – 1.2bn
22nd November 2023
International insurance firm, Ageas has reconfirmed its guidance for the 2023 net operating result to reach the upper end of the €1.1 to 1.2 billion range, even taking into account the recent storms that have taken place across Belgium, the UK and France. At the company's recent Investor Day event, the ... Read the full article
Ageas completes sale of French Life Insurance activities
25th September 2023
International insurance group Ageas has announced the completion of the sale of its French life insurance, savings and pension business to La Mutuelle Epargne Retraite Prévoyance Carac (Carac). According to the announcement, all regulatory approvals regarding the sale of its French Life Insurance activities - consisting of Ageas France, Ageas Retraite, ... Read the full article
Ageas signs the sale agreement of its French Life Insurance
21st April 2023
Ageas announced that it has signed the sale agreement for its French Life Insurance activities. After consultation with the employee representatives, the company has signed an agreement regarding the sale of its French life insurance, savings and pension business to La Mutuelle Epargne Retraite Prévoyance Carac (“Carac”). Carac is a mutual operating ... Read the full article
Ageas to sell its French life insurance business
15th March 2023
International insurance group Ageas has announced it is to sell its French life insurance, savings and pension business. The group is negotiating the sale of Ageas French Life and Pension activities - which consist of Ageas France, Ageas Retraite, Ageas Patrimoine and Sicavonline - with La Mutuelle Epargne Retraite Prévoyance Carac ... Read the full article
Ageas grows net result by 20% on Asia & non-life business
22nd February 2023
Brussels-headquartered multinational insurer Ageas has posted a 20% increase in its net result for 2022, thanks to improved performance in its non-life Belgium business and its underlying results in Asia. Ageas posted a net result of €1,011 million for the full year, versus €844.8 million in the previous year. This followed a ... Read the full article
Vincent Rensonnet joins Ageas Re’s property underwriting team
13th February 2023
Ageas Group's reinsurance brand, Ageas Re, has named Vincent Rensonnet Lead Underwriter for Latin America and Iberia within its property underwriting team, headed by Jeremy Walker. As a non-life treaty underwriter, Rensonnet brings to the firm more than 21 years of professional experience in the international reinsurance industry. He joins Ageas Re ... Read the full article
Ageas drives transition towards net-zero carbon emissions in investment portfolio
1st December 2022
Brussels-headquartered multinational insurer Ageas has accelerated the transition towards net-zero carbon emissions in its investment portfolio. The insurers strategic plan, Impact24, includes a strong focus on sustainable growth. Under this plan, Ageas has committed to invest at least €10 billion in assets, making a significant contribution towards a more sustainable world by ... Read the full article
Boizard to retire and Guilliams named Ageas new CFO
15th November 2022
International insurance group Ageas, has announced the retirement of Christophe Boizard as Chief Financial Officer (CFO) after a tenure of more than 11 years. Subject to the necessary regulatory approvals, Wim Guilliams, the current CFO of Ageas’s Belgian subsidiary AG Insurance, will succeed Boizard with effect 1 June 2023. Hans De Cuyper, ... Read the full article
- ← Previous
- 1
- 2
- 3
- 4
- Next →
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
