Zurich Insurance Group reported a business operating profit (BOP) of USD 2.8 billion at the end of the first half of 2019. The evolution reflects an increase of 16% compared to the profit of the same period of prior year.
UNIQA Group announced a "solid" first half of 2019, with a net profit of EUR 105.6 million and a total volume of written premiums (GWP) of EUR 2.8 billion. Health segment saw the highest growth in terms of GWP (+3.4%), while Life insurance shrunk by 4.2% at group level.
Vienna Insurance Group (VIG) has reported a 6% y-o-y GWP increase, to EUR 5.4 billion for the first half of the year, while on the profitability side, pre-tax profits went up by 10.5%, to EUR 257 million, for a combined ratio of 96.4%, close to last year's level.
MetLife reported a consolidated net income of USD 1.7 billion in the second quarter of 2019, a twofold increase compared to 2Q 2018 net income of USD 0.85 billion. For 2019 first six-month period, MetLife consolidated net income was USD 3.1 billion (+46% change y-o-y).
Anette REY joined SCOR as Head of Group Communications, reporting to the Group Chief Operating Officer, Romain LAUNAY. Based in Paris, she will be responsible for all facets of Group communications, both external and internal.
Oliver WILLMES will take over the position as Chairman of the Board of ERGO International AG as from 1 October, subject to the approval of the appropriate Supervisory Authorities.
The Supervisory Board of HDI Global SE, the industrial insurer of the HDI Group, has appointed Yves BETZ as a new Member of the Management Board, with effect from 1 December 2019.
The first half of 2019 ended for the Croatian insurance market with aggregated GWP of EUR 784 million, 7.5% up y-o-y, a growth almost entirely provided by the non-life insurance segment.
Montenegrin insurers ended the first half of 2019 with total GWP worth EUR 46.6 million, up by almost 14% y-o-y. Both the life and non-life segments have recorded double digit growth rates.
In the first half of 2019, the market grew by 20.20% y-o-y in local currency, GWP reached almost KZT 255 billion (~EUR 588 million), as data published by the National Bank of Kazakhstan show.
From January to June this year, the market showed impressive growth of 53.29% y-o-y. GWP amounted to UZS 1,253.304 billion (EUR 128.78 million), according to data published by the Ministry of Finance of the Republic.
From January to June 2019, ROSGOSSTRAKH's total net profit increased by 58.3% y-o-y, to RUB 3.8 billion (~EUR 52.91 million), ASN reports.
From January-June, according to preliminary data, investment life insurance decreased by 32% y-o-y and now occupies 46% of the sector (vs 62% a year ago), its GWP amounted to RUB 92.3 billion, ASN reports.
The total number of MTPL contracts grew by 3% and GWP by 11.2%, to UAH 2.4 billion (EUR 80.64 million) in the first half of the year, Forinsurer reports based on the MTIBU (Motor (Transport) Insurance Bureau of Ukraine) data.
A new agro insurance mechanism has been developed in Azerbaijan. It provides for the establishment of a collective insurance system, AzerNews reported with reference to the Ministry of Agriculture.
Sava Re and Triglav Group announced the acquisition of 80% share capital of Diagnostic Centre Bled (Diagnosticni center Bled d.o.o.), representing 100% of the voting rights through their jointly-owned company ZTSR d.o.o..
Slovenia based Triglav Group published its first half year of 2019 report. According to the company figures, the total volume of gross written premiums (GWP) reached EUR 630 million, 10% more than the similar period of prior year.
Slovenian Sava Insurance Group and Sava Re published the report for their first half of 2019 activity. The Group's net profit jumped to EUR 23 million, about 59.3% more than previous year's six-month net profit.
Next Insurance, the Silicon Valley based insurtech, announced that the company generated more than 280,000 digital insurance certificates and issued more than 52,000 Live Certificates to customers since its new feature launch in March 2018.
Guy Carpenter & Company was selected by the California Earthquake Authority (CEA) to offer strategic reinsurance and advisory services for risk transfer to the newly formed California Wildfire Fund.