WORLD INSURANCE

AXA XL to cut 711 jobs in Europe as it begins major restructuring

After the closing of the acquisition last September, AXA XL began transferring employees in Europe into a single employing company…

NN Group supervisory board chair Jan Holsboer to step down

Holsboer, chair of the supervisory board of NN Group, has decided to step down from his role. He was appointed…

Allianz posts record €11.5bn operating profit despite "strong market volatility"

German insurance giant Allianz posted a record operating performance in 2018, reaching the upper end of its target. It also…

Lambrou appointed Global CEO of Commercial Risk Solutions, Aon

Aon has named Lambros Lambrou, a 30-year veteran at the re/insurance broker, as new global CEO of commercial risk solutions.…

MetLife: Tough Environment But Good Results

MetLife (NYSE:MET) recently reported Q4 and Full-year 2018 results that were not well-received by the market, as shown by the…

Scotiabank to offload insurance business in El Salvador

Canadian lender Scotiabank has signed an agreement to divest its insurance as well as banking operations in El Salvador to…

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