LLOYD's announced its new cohort of InsurTech disruptors that will join the LLOYD's Lab innovation accelerator programme, and includes start-ups who are focused on providing solutions to support the Market to respond to the COVID-19 pandemic.
Based on the ESMA recommendation of May 2020 and the macroeconomic developments influenced by COVID-19, VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe executed an event-related impairment test at Group level.
CHUBB Limited announced the appointment of Paul KRUMP, currently Executive Vice President, CHUBB Group and President, North America Commercial and Personal Insurance, to Vice Chairman, Global Underwriting and Claims.
For the first six months of 2020, Zurich Insurance Group (Zurich) reported a net income of USD 1,181 million, 42% lower year-on-year.
Aegon Group ended the first half of 2020 with a net income of EUR 202 million, 67% smaller when compared to the same period of 2019.
For the first six months of 2020, Sampo Group recorded a profit before taxes of EUR 569 million, 42% lower than the same period of 2019. For the second quarter alone, Sampo Group's profit before taxes was EUR 407 million (-20%).
For the second quarter of 2020, from April to June, MetLife announced a net income of USD 68 million, down 96% year-on-year (2Q2019: USD 1.7 billion). On a per share basis, net income was USD 0.07, compared to net income of USD 1.77 in the prior-year period.
For the second quarter of 2020, for three months ended June 30, Everest Re Group ("Everest") reported a net income of USD 190.9 million, 42.7% lower when compared to the same period of prior year. For six months ended, from January to June 2020, the group's net income was USD 207.5 million (-69.8%).
NN Group ended the first six months of 2020 with an operating result of EUR 926 million, 1.3% higher y-o-y. First half of 2019 benefited from EUR 67 million of private equity dividends, while the current half-year included EUR 16 million of private equity dividends and non-recurring benefits.
Between January-June 2020, Aviva secured a consolidated operating profit of GBP 1,225 million, 12% lower year-on-year (after converting to pound sterling). Basic earnings per share fell to 20.0 pence (1H2019: 28.2 pence).
Intangible assets are an increasing proportion of companies' balance sheets, already accounting for as much as 85% of the total business value across industries according to estimates, show a report published by LLOYD's in collaboration with KPMG, urging businesses to pay attention to the new risk landscape that has evolved under COVID-19.
For the first six months of 2020, CROATIA osiguranje Group reported GWP of HRK 1,867 million (~EUR 247 million), about 6% lower than last year. The combined ratio from the Group's regular operations is 91.8% and is almost one percentage point better than last year.
Roland VOGEL, the CFO of German reinsurer Hannover Re, is retiring from the company on September 30th, 2020 after more than 30 years at the company. He will be succeeded by Clemens JUNGSTHOFEL, the current CFO of HDI Global SE.
CHUBB announced that Gina REBOLLAR has been named Deputy General Counsel, Global Corporate Affairs, with immediate effect. She succeeds Chris KEARNS, who is relocating to the West Coast to pursue other interests. Chris KEARNS will serve as a consultant to CHUBB through the end of 2020.
At the end of the first half of 2020, AXA Group registered total gross revenues in amount of EUR 52.4 billion, down 2% (at constant Forex) compared to 1H2019, reflecting a 4% growth during the first quarter of 2020 and a 10% decline in the second quarter in the context of Covid-19 pandemic.
For the second quarter of 2020, from April to June, Fairfax Financial Holdings announced net earnings of USD 435 million, compared to net earnings of USD 494 million in the second quarter of 2019.
In the second quarter of 2020, Munich Re generated a consolidated profit of EUR 579 million, 41.7% smaller compared to the value recorded in the second quarter of 2019. COVID-19 related-losses totaled EUR 700 million, dragging the profit down.
During the second quarter of 2020, ERGO, part of Munich Re, generated a sizeable profit of EUR 173 million (+27.4%) in its field of business, while for the January-June 2020 period, it's consolidated profit reached EUR 245 million (+11.4%).
A MetLife study shows that, despite the current global environment, nearly one-third of employees are still willing and interested in expat work assignments, but employer support is needed.
Against the background of the Covid-19 pandemic, MUNICH Re and the FRAUNHOFER-GESELLSCHAFT launched the Give a Breath Challenge in March of this year. They aim to promote innovative ideas that can help people who have contracted the new coronavirus, contributing their own expertise and networks, and funding totalling EUR 1 million.