News - Re/Insurance groups

TransRe, 9M2019: earnings before taxes went up 43.9%

Trans Re ended the first nine months of 2019 with earnings before taxes in amount of USD 639 million, showing a considerable increase of 43.9% compared to the same period of the year before.

Double award for Vienna Insurance Group at Austrian CEO & CFO Awards

VIG's head, Elisabeth STADLER was awarded as best International CEO and Liane HIRNER best CFO Newcomer of the Year at the CEO & CFO Award ceremony 2019 of the consulting company Deloitte together with Boerse Express and the CFO Club Austria, on 13 November 2019.

Luciano CIRINA: Austria, CEE & Russia, a growth engine for the group

"I'm proud to say that we are a significant profit engine for the Group: as a matter of fact we are the second biggest net profit contributor in 2018. We have a proven track record of profitable growth and we are the most profitable insurance Group in the region. We are ready to capture market opportunities, thanks to our strong market position and a highly efficient regional platform", according to an interview with Luciano CIRINA, Austria, CEE & Russia Regional Officer and CEO of GENERALI CEE Holding published on the insurer' website.

Lloyd's to create single governing body

Lloyd's has informed that it will merge the Council with the Franchise Board from June 2020 to create a unified governing body, after receiving widespread support from across the market.

GENERALI launched ARTE GENERALI a global business unit dedicated to art collectors

Italian insurer GENERALI annouced the launch of ARTE GENERALI, a global business unit dedicated to art collectors. "ARTE GENERALI is a suite of prevention, protection and insurance solutions for art collectors, integrated with unmatched services and cutting-edge technology", mentioned the Italian insurer in a press release.

GOLDMAN SACHS buys shares of insurance group AXA

French insurance group AXA announced it sells 144 million shares in its US subsidiary AXA Equitable Holdings (EQH) to the investment company GOLDMAN SACHS which acted as the sole underwriter of a registered public offering of the AXA Group.

PartnerRe, 9M2019: net income close to USD 1 billion

Net income available to common shareholder was USD 998 million for the first nine months of 2019, showing a solid result compared to the USD (101) million net income registered in the first nine months of 2018.

Triglav Group's results as at the end of 3Q confirm the annual profit guidance

In the first nine months of 2019, Triglav Group posted a total of EUR 905 million in consolidated GWP, or 10% more y-o-y, and reached a profit before tax of EUR 72 million, up by 3% y-o-y. Taking into account the conditions anticipated until the end of the year, the Group confirms its annual profit guidance.