News - Insurance
Guy Carpenter: Richard Hakes to become the new Global Head of Marine, Energy, and Technical Lines
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, appointed Richard Hakes as the new Global Head of Marine, Energy and Technical Lines (METL). Mr. Hakes will join the Global Specialities Leadership team, the company said.
John Neal to join AIG as President effective December 1
American International Group (AIG) in July announced that John Neal will be joining AIG as President, effective December 1, 2025.
Munich Re announces changes to the Board of Management
Munich Re’s Supervisory Board decided on a change in leadership at Munich Re and further changes to the Board of Management.
Navinder Dhillon appointed CEO of Aviva Canada
UK insurer Aviva announced the appointment of Navinder (‘Nav’) Dhillon as CEO of Aviva Canada. In his new role, Navinder Dhillon will become a member of Aviva’s Group Executive Committee.
AXA delivers an excellent performance in the first half of 2025
AXA announced its half year 2025 earnings. Gross written premiums & other revenues amounted to EUR 64.3 billion, up +7% vs. 1H2024.
AXA to acquire the leading direct insurance player in Italy
AXA announced that it has entered into an agreement to acquire Prima, the leading direct insurance player in Italy with EUR 1.2 billion of premiums in 2024. Under the terms of the agreement, AXA will acquire 51% of the company for a consideration of EUR 0.5 billion.
Bosnia and Herzegovina: In 1H2025 net profit of Euroherc Osiguranje rises to EUR 2.9 million
Bosnian insurance company Euroherc Osiguranje announced that its net profit went up 4.8% on the year to BAM 5.7 million (EUR 2.9 million) in the first half of 2025, SeeNews writes.
BULGARIA: ABZ: Bulgaria remains in last place in Europe in terms of the share of insured property
Despite an increasing number of fires and natural disasters, home insurance in Bulgaria remains extremely low – about 10% of property insured. Thus, Bulgaria remains in last place in Europe in terms of the share of insured property, said Nina Kolchakova, Secretary General of the Association of Bulgarian Insurers (ABZ).
Chubb reports second quarter record core operating income
Chubb reported net income for the quarter ended June 30, 2025, of USD 2.97 billion, and core operating income of USD 2.48 billion. While its net income for the six months ended June 30, 2025 reached USD 4.30 billion, and core operating income was USD 3.97 billion.
Consortium of Allianz, BlackRock, Generali Financial Holdings, Hannover Re and T&D Holdings completes the acquisition of a leading European life insurance consolidator Viridium
Consortium of top-tier insurers and asset managers, which includes Allianz, BlackRock, Generali Financial Holdings, Hannover Re and T&D Holdings, completed the acquisition of Viridium Group, a leading European life insurance consolidation platform, from Cinven. According to the press release, the transaction was originally announced on March 19, 2025.
CROATIA: Croatia osiguranje’s performance in 1H marked by continued growth in key indicators
According to Croatia osiguranje, the company has planned a total of EUR 45.8 million or EUR 106.52 per share for distribution to shareholders this year. This is significantly less than last year, but the dividend yield is still relatively attractive this year (around 4.5%), osiguranje.hr writes.
ERGO and CamCom Technologies enter into a strategic partnership
ERGO Group and CamCom Technologies have entered into a strategic partnership - the scale-up from Bengaluru (also called Bangalore) in India will act as the main technological supplier for ERGO Group AG’s AI-supported visual inspections in Europe, the Group said.
ESTONIA: Employer health insurance benefits reached EUR 9 million in 1H2025
According to the Estonian Insurance Association (EKsL), in 1H2025, employer health insurance benefits totaling nearly EUR 9 million were paid, with 64,900 employees insured.
Guy Carpenter: strong reinsurer performance is expected to continue in 2025
Despite loss activity in the first quarter, strong reinsurer performance is expected to continue in 2025, as Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, says in its recent press release.
KAZAKHSTAN: Over the past 10 years, the number of concluded pension annuity contracts has increased by more than 882%
According to the National Bank of the Republic of Kazakhstan, over the past 10 years, the number of concluded pension annuity contracts has increased by more than 882.7%.
LITHUANIA: Study: Over 40% of the country's population don't know what their home insurance covers
A survey conducted this summer for Lietuvos Draudimas showed that more than 2 out of 5 (43%) respondents are not sure whether their insurance covers civil liability or have not heard of it at all.
Marsh McLennan reports another solid quarter with 12% revenue growth
Consolidated revenue of Marsh in the second quarter of 2025 was USD 7.0 billion, which means an increase of 12% compared with the second quarter of 2024, or 4% on an underlying basis.
Marsh reached agreement to acquire Mitsubishi Electric Insurance Service from Mitsubishi Electric Corporation
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, reached agreement to acquire Mitsubishi Electric Insurance Service Co., Ltd. (MEIS), a prominent insurance agency in Tokyo, from Mitsubishi Electric Corporation. The transaction is expected to close in the fourth quarter of 2025, Marsh said.
Munich Re announced preliminary net profit of EUR 2.1 billion in 2Q2025
Munich Re recorded a strong second quarter 2025 -the Group’s preliminary net profit of approximately EUR 2.1 billion significantly surpassed analysts’ consensus estimate of EUR 1.624 billion for 2Q2025.
PZU SA takes over the insurance portfolio of Polski Gaz TUW
The Polish Financial Supervision Authority unanimously approved the transfer of the entire insurance portfolio between Polski Gaz Towarzystwo Ubezpieczeń Wzajemnych in liquidation with its registered office in Warsaw and Powszechny Zakład Ubezpieczeń (PZU), in accordance with the agreement of 20 March 2025, PZU said.
5 August 2025