News - Insurance
AEGON, 1H2019: Net income rose by 26% y-o-y
Aegon's net income for the first half of 2019 reached EUR 618 million, 26 percent more than the net income registered in the first half of prior-year. According to Aegon, the growth was driven by realized gains and lower other charges, partly offset by a higher loss on fair value items.
2019-08-21NN Group, 1H2019: operating result increased by 11.3% y-o-y despite the lower result of 2Q2019
For the first half-year of 2019, NN Group's operating result amounted to EUR 914 million, 11.3% higher than the same period of the previous year operating result. The y-o-y increase includes the impact of January 2018 storm, amounting EUR 89 million.
2019-08-21GOTHAER Romania: Reiner TURR appointed Deputy CEO and CFO; Georgina POPESCU completes the Board of Directors
Subject to approval by the Financial Supervisory Authority, Reiner TURR (54) was appointed Deputy CEO and Chief Financial Officer (CFO) for the local Romanian subsidiary of GOTHAER. Georgina POPESCU (45) completes the Board of Directors.
2019-08-21Swiss Re: Disaster events claimed more than 5 000 victims in H1 2019
Global economic losses from natural catastrophes and man-made disasters during H1 2019 amounted to USD 44 billion vs. USD 51 billion reported for the same period a year earlier, according to Swiss Re Institute's preliminary sigma estimates.
2019-08-21GENERALI to increase its influence in Russia and post-Soviet markets
Giorgio CALLEGARI, Chairman and CEO of GENERALI Russia & CIS declared in an interview for Interfax that in forthcoming years the Italian insurer plans to develop its presence in Russia and other CIS markets.
2019-08-21UZBEKISTAN: new insurance company licensed: Perfect Insurance
The Uzbek Ministry of Finance has issued a license to a new insurance company, Perfect Insurance, UzReport news reported on August 12, with reference to the Ministry.
2019-08-19UZBEKISTAN: new Presidential Decree provides for e-policies and increasing insurer minimum charter capital
In Uzbekistan, a new Presidential Decree "On measures to reform and ensure accelerated development of the insurance market of the Republic of Uzbekistan" was adopted on August 2. It involves several changes on the local market, UzReport news reported.
2019-08-19KAZAKHSTAN: from January to June, insurer profit decreased 20% y-o-y; asset growth exceeded 12%
In the first half of 2019, local insurer assets grew by 12.8% y-o-y, to KZT 1.1 trillion (~EUR 2.54 billion). However, in the background, profit dropped by 20% to KZT 35.5 billion (~EUR 81.97 million), Allinsurance.kz reports.
2019-08-19BULGARIA: The Guarantee Fund publishes draft determining pecuniary and non-pecuniary damage for injured
On August 9th, 2019, the Bulgarian Guarantee Fund published a draft of guidelines for determining compensation for property and bodily damage of injured people, introducing new elements to current law and clarifying aspects of the amount of compensation.
2019-08-19Fitch upgrades Russian National Reinsurance Company following sovereign upgrade
Fitch Ratings has upgraded Russian National Reinsurance Company's (RNRC) Insurer Financial Strength (IFS) rating to 'BBB' from 'BBB-'. The Outlook is Stable.
2019-08-14ADRIATIC Osiguranje: green light for starting business in Italy
ADRIATIC Osiguranje dd (ex. JADRANSKO osiguranje) has obtained the official approval of IVASS - Insurance Supervisory Authority of the Republic of Italy (Istituto per la Vigilanza sulle Assicurazioni) to start business in the Republic of Italy.
2019-08-13EUROHOLD, 1H2019: 31% increase in group's total revenue
Bulgaria based EUROHOLD reported an increase of 31% year-on-year of the Group's operating income for the period between January 1st- June 30th, 2019. The total revenue of EUROHOLD amounted to EUR 402 million.
2019-08-13VIG Re, 1H2019: GWP amounted EUR 273 million, 15.2% more than previous year level
VIG RE zajis'ovna a.s. (VIG Re), the branch of Vienna Insurance Group specialized in reinsurance solutions, registered a total of EUR 273 million in terms of gross written premiums at the end of June 30th, 2019, which represents an increase of 15.2% year-on-year.
2019-08-13TALANX, 1H2019: 9.4% increase in net income
Germany based Talanx Group reported a net income of EUR 477 million at the end of first half-year of 2019, 9.4% higher than the net income. The growth was driven mainly by Retail Germany, Retail International and Life & Health Reinsurance segments.
2019-08-13Partner Re, 1H2019: total GWP volume rose by 15.6%
Partner Re reported a net income of USD 805 million for the first half of 2019, a significant increase compared to first half of 2018 (USD 28 million). Net income available to common shareholder was USD 782 million (1H2018: USD 5 million).
2019-08-12AXA, 1H2019: gross revenues amounted EUR 58 billion, up 8.1% y-o-y
AXA consolidated gross revenues amounted to EUR 57,949 million at the end of 30 June 2019, up by 8.1% y-o-y on a reported basis and up by 4.0% y-o-y on a comparable basis, compared to 30 June 2018.
2019-08-12Lard FRIESE joins AEGON as the new CEO
Aegon announced that its Supervisory Board intends to propose the appointment of Lard FRIESE as Chief Executive Officer to the Annual General Meeting of Shareholders. He will join the company as CEO-designate effective March 1, 2020.
2019-08-12David KNIBBE appointed as CEO of NN Group
NN Group announced that David KNIBBE, currently CEO of NN Netherlands, will succeed Lard FRIESE who has stepped down as member and chair of the Executive Board and CEO of NN Group as of today, 12 August 2019, to join AEGON.
2019-08-12ICAR 2019: Climate change is here. Where to the insurance industry?
If the 2010 floods, one of the most destructive events that affected Poland in 2010, had taken place in 2018, it would have cost EUR 3.8 billion, which in local currency means by 20.9% more than in 2010.
2019-08-08Hannover Re, 1H2019: net income rose by 19.3%
Hannover Re reported EUR 663 million net income for the first half-year of 2019, which represents an increase of 19.3% compared to the same period of prior year net income.
2019-08-08
