Holland’s ING Group announced that it plans to consolidate “its extensive reinsurance expertise and operations under the name ING [lion] Re.
“This is a response to increasing globalisation in the reinsurance sector and is designed to ensure ongoing organic profit growth, to retain scale and to support internationally operating customers, many of whom are also developing global expansion strategies of their own. In addition, it will position ING Re to enter promising new local markets,” said the announcement.
An international team, based in Amsterdam, will combine the current ING reinsurance operations from the U.S., The Netherlands, Ireland, Japan and Bermuda under one management, headed by Jess Skiletz, Chairman, Peter Kuys, Chief Financial and Actuarial Officer, and Tom Conroy, Chief International marketing Officer.
Topics Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
OpenAI Models Hacked Another Company’s Systems by Mistake 
Florida Appeals Court Strikes Jury’s $335,000 Award in Universal Plumbing Claim 
Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show 
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
