News - Re/Insurance groups
Munich Re, Q1 2024: nearly 70% higher net results than in Q1 2023
Thanks to below-average major-loss expenditure, a high return on investment, and very good operational performance in all business segments, the Munich Re’s Q1 net result increased significantly to EUR 2,140 million. The Group confirmed its expectations for a EUR 5 billion profit in 2024.
9 May 2024IGI Establishes a presence in Lloyd’s, begins trading May 9, 2024
International General Insurance Holdings Ltd. (IGI) announced that it will begin trading for the first time at Lloyd’s starting May 9, 2024, demonstrating the company’s long-term commitment to the London market.
9 May 2024Triglav Group to merge its health insurer with the Group's parent company
Slovene re/insurer Triglav Group announced in a statement posted on the Ljubljana Stock Exchange web-site -the merger of its health insurer - Triglav Zdravstvena zavarovalnica with the Triglav Group's parent company.
7 May 2024Talanx achieves quarterly result of EUR 572 million
German insurance group Talanx informed it has started FY2024 with a strong first quarter exceeding the analysts' consensus of EUR 466 million with a preliminary consolidated net income of EUR 572 million. This development is primarily driven by the strong performance of the primary insurance activities.
7 May 2024AON Q1 2024 total revenue increased to USD 4.1 billion
Global re/insurance broker AON informed its total revenue in the first quarter increased 5% to USD 4.07 billion compared to the prior year period, while total operating expenses in Q1 2024 increased 9% y-o-y to USD 2.6 billion.
7 May 2024VIG Re publishes Annual Report and SFCR 2023, confirming preliminary figures communicated earlier and a positive outlook
VIG Re, the reinsurance arm of Vienna Insurance Group, has published its Annual Report confirming preliminary financial figures communicated on 20th March 2024.
30 April 2024UNIQA: Capital ratio increases to 255% and good expectations for 2024
The Austrian UNIQA Group report, solvency capital report and sustainability report for 2023 was published confirming the “very positive developments of the companies in CEE, which made a substantial contribution of around 50% to its increased profitability.”
30 April 2024VIG confirms preliminary FY2023 results with strong growth across all segments and divisions
With its reports published today for the 2023 financial year, the Vienna Insurance Group (VIG) confirms the preliminary figures communicated on March 12, 2024: strong growth across all segments and divisions, a significant increase in earnings and the clear positioning as number 1 in CEE.
24 April 2024MMC reported Q1 revenue worth USD 6.5 billion
MMC - MARSH McLENNAN posted Q1 2024 consolidated revenue worth USD 6.5 billion, representing an increase of 9% compared with the first quarter of 2023, while operating income rose 12% to USD 1.9 billion.
23 April 2024GENERALI announced a new organizational structure starting June 1st
Generali Group announced that starting June 1st, 2024, it will operate as a diversified financial group focused on two main businesses: Insurance and Asset Management, its activity being divided among five business units and three Regions.
23 April 2024Allianz completes transaction to sell its 51% stake in Allianz Saudi Fransi
Allianz Group announced the completion of the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange.
23 April 2024Mercer and Oliver Wyman release 2024 Global Insurance Investment Survey
Mercer and Oliver Wyman, businesses of Marsh McLennan, released their 2024 Global Insurance Survey. Drawing on insights of more than 80 insurers globally, the survey highlights their investment and portfolio positioning plans for 2024 and beyond.
17 April 2024Swiss Re publishes its 2023 Financial Condition Report
Swiss Re published the 2023 Financial Condition Report for the Swiss Re Group and its regulated re/insurance legal entities domiciled in Switzerland for the reporting period ended 31 December 2023.
17 April 2024Zurich Insurance Group: Michel M. Liès confirmed for a new mandate as Chairman of the Board
The shareholders of Zurich Insurance Group Ltd (Zurich) confirmed Michel M. Liès as Chairman of the Board of Directors (Board) at today’s Annual General Meeting (AGM). They also elected John Rafter as a new member and confirmed all current Board members who stood for re-election.
11 April 2024Triglav: 2023 results affected by one-off events, operations expected to normalize in 2024
The Slovene re/insurance group Triglav informed in a statement that its Supervisory Board approved the Audited Annual Report for 2023. According to the Report, Triglav Group increased its total business volume by 12% to EUR 1,780.2 million in 2023, while maintaining its financial stability and high capital adequacy.
9 April 2024Croatia Osiguranje to distribute a dividend of EUR 116.37 per share (EUR 50 million in total)
Croatia Osiguranje, the country's top insurer, will propose to its shareholders to distribute a dividend of EUR 116.37 per share on preferred and ordinary stock, or almost EUR 50 million in total, SeeNews said.
9 April 2024AXA’s Climate's Climate School will train the group’s individual shareholders on the challenges of climate change
AXA announced the roll-out of its Climate's Climate School, a training offer on the challenges of climate change to its individual shareholders, thus confirming its ambition to be a responsible player in society in the face of environmental challenges.
4 April 2024Starting July 1st, Andreas BERGER will take over Christian MUMENTHALER’s place as Swiss Re Group CEO
Swiss Re announced that Andreas BERGER will become Group CEO, effective 1 July 2024, taking over from Christian MUMENTHALER, who will step down.
4 April 2024Marsh launches facility providing cover up to USD 825 million for digital asset custodians
Global insurance broker Marsh, part of Marsh McLennan, announced the launch of a new insurance facility for custodians of digital assets, including financial institutions. “The largest facility of its kind, it provides insurance capacity up to USD 825 million and is available to Marsh clients globally”.
2 April 2024Lloyd’s reports outstanding performance in FY2023 results
Lloyd’s re/insurance marketplace FY2023 solid profitability on both the underwriting and investment sides, and a strong balance sheet.
2 April 2024
