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This week in Insurance: Aviva appoints new CEO for their international businesses
Mergers, Acquisitions, Partnership Signals
Sovcombank acquires MetLife Russia
The acquisition reinforces Sovcombank’s strategy of building on world-class expertise and expanding non-credit financial products offered to their clients. Read More>>
Athene Holding Ltd.’s acquires Donlen Corporation  
Hertz Global Holdings, Inc. announced that it has entered into a stock and asset purchase agreement to sell substantially all of the assets of its wholly-owned subsidiary, Donlen Corporation to Athene Holding Ltd. Read More>>
AXA to sell its insurance operations in the Gulf region
The sale will include its shareholding in AXA Gulf, AXA Cooperative Insurance Company, and AXA Green Crescent Insurance Company. Read More>>
Lemonade launches into the French Insurance market  
Lemonade’s latest expansion will provide French residents with access to instant renter’s insurance as well as file claims through the Lemonade app. Read More>>
Enstar inks $420 mn reinsurance deal with Liberty Mutual  
Legacy acquirer Enstar Group Limited has entered into a new reinsurance deal with Liberty Mutual Insurance Europe SE (LMIE) that will see it assume approximately USD 420 Mn of legacy business. Read More>>
Humana Picks up remaining stakes in Wisconsin Medicaid plan
Humana will acquire full ownership of iCare, a Wisconsin Medicaid health plan. Through the acquisition, Humana will expand its Medicaid membership by 44,000 members in Wisconsin. Read More>>
Akur8 partners with UK based reinsurer Canopius  
With this deal, Akur8 strikes their first partnership in the UK, with one of the leading insurers in the Lloyd’s Market, marking a key milestone for their expansion. Read More>>
Executive Movement
Aviva appoints Winslow as CEO of International 
Adam Winslow will join Aviva in January and will be responsible for Aviva’s international businesses in continental Europe and Asia. Read More>>
Centene appoints Brent Layton to Executive VP and Chief Business Development Officer  
Mr. Layton will be leading domestic and international business development, contracting and network development, as well as international operations. Read More>>
AIA Hongkong CEO to retire
Peter Crewe has informed the company of his intention to retire from his executive position, effective 31 December 2020. Read More>>
Kevin Strain to assume the role of CEO in Sun Life
Mr. Strain will work with the firm’s board and Mr. Connor to name a new CFO in the first half of 2021. He will retain the title and duties of the CFO until his replacement has been hired. Read More>>
Chubb names John Keogh President  
John Keogh, Executive Vice Chairman of Chubb Group and Chief Operating Officer, has been appointed President and Chief Operating Officer, effective immediately. Read More>>
Mass Hiring and Layoff Signals
Prudential hiring up to 500 consultants next year   
Prudential Singapore will hire up to 500 financial consultants next year, including around 200 mid-career individuals selected for a new talent management program. Read More>>
Headlines From The Startup World
Startup Spotlight
Latest Insights & Reports

Hyperion Insurance Group – Account Intelligence Report: Hyperion is highly focusing on the European market to expand Insurance broking and risk management powered by data analytics-backed solutions. 
Read more. 

Selective Insurance Account Intelligence Report: Selective Insurance is keen to deploy sophisticated tools & technologies to enhance decision-making capabilities that enable better underwriting, pricing, & claims decisions. 
Read more.
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