News - Re/Insurance groups

John DRZIK steps back from Marsh GR&D leader position

At the end of November 2019, Marsh announced that John DRZIK, President, Global Risk and Digital (GR&D), will step back from full-time responsibilities as leader of GR&D effective January 1, 2020, but will remain involved with the business as a senior advisor.

MetLife's European insurance assets acquisition by Generali on stand by

Italian insurance group Generali could postpone presenting a formal bid for the European assets of MetLife Inc. until end March 2020, after the 2019 year-end results will be known, international news agencies report. Currently, the talks between the two parts are stalling because the difference of opinion on the operation's value.

SCOR issues a new 3-year contingent capital facility

SCOR announced the launch of a new three-year contingent capital facility. This takes the form of a contingent equity line, providing the Group with EUR 300 million coverage in case of extreme natural catastrophe or life events impacting mortality.

EUROINS, 9M2019: group revenues rose by 44% y-o-y

For the first nine months of 2019, Euroins Insurance Group (EIG), part of EUROHOLD Bulgaria AD, reported revenues of BGN 962 million (~ EUR 492 million), up by 43.9% year-on-year.

Allianz X to invest in SDA SE Open Industry Solutions

Allianz X, the digital investment unit of the Allianz Group, Debeka, msg group and SIGNAL IDUNA will invest in SDA SE Open Industry Solutions to support the development of new innovative digital services in the insurance industry.

VIG, 9M2019: net profit increased 9.5%

Vienna Insurance Group (VIG) reported a net profit of EUR 226.5 million for the first nine months of 2019, 9.5% higher that the net profit of the same period prior year.

GUY CARPENTER announces senior appointments

GUY CARPENTER & Company, a leading global risk and reinsurance specialist and a business of Marsh & McLennan Companies, announced today the appointment of Robert JOHNSTON as Chairman of GUY CARPENTER's Bermuda operations, and Peter KOMPOSCH as Head of Casualty and Specialty, Bermuda, with immediate effect.

Sava Insurance Group, 9M2019: net profit up 29.3%

For the first nine months of 2019, Sava Insurance Group reported a net profit of EUR 37.7 million, reflecting an increase of 29.3% year-on-year, representing 87.6% of the group's annual target for 2019.