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P/C Insurance

Munich Re-owned ERGO Group, which includes ERGO Deutschland, ERGO International, and ERGO Digital Ventures, in March 2019 sold four ERGO International subsidiaries to the Euroins Insurance Group (EIG) for an undisclosed amount. The sale involves ERGO’s life and non-life subsidiaries in Romania and the Czech Republic as well as its non-life company in Belarus. In 2017 they had a combined gross written premium of €72 million. The purchase agreement

Digital insurance company ONE in July 2018 entered into a new joint venture with Swiss geolocation experts Axon Vibe, and Munich Re. The joint venture, called “ONE Coach,” is poised to use encryption technology, a novel approach, within the insurance domain. ONE is based in Vaduz, Liechtenstein, and operates in the German market. After launching in February 2018, ONE has become the fastest-growing digital insurance company in Europe. Using

Castel Underwriting Agencies, a managing general agent (MGA) formation platform, has opened its first branch office in Amsterdam, Netherlands to support plans to expand its operations in Europe as the UK leaves the EU. Castel’s European office will offer a platform to develop and launch specialty underwriting cells, as well as support individual underwriters with books of niche business across Europe, the company said. Castel Transact, a division of

The Worldwide Broker Network (WBN) in January 2018 announced the appointment of Antoinette “Toni” Gambonini as Global Property & Casualty Consultant.  Based in London, Gambonini will work with WBN member companies on six continents in the areas of cross-border training, new business opportunities, and strategic engagement with major insurance carriers. Gambonini had previously held a similar role for Europe within WBN prior to her promotion. Prior to joining WBN

MS&AD Insurance Group Holdings, owners of Japanese insurer Aioi Nissay Dowa, in November 2017 announced they would move their London-based subsidiary Aioi Nissay Dowa Insurance Company of Europe (ADE) to Luxembourg. The move is expected to be implemented in early 2018. ADE today operates an insurance business in Europe centered on automobile insurance. In light of Brexit, Aioi Nissay Dowa has decided to restructure its European business organization. The