For the third quarter of 2019, Talanx Group consolidated operating profit reached EUR 619 million, increasing by 139% year-on-year. The first nine months operating profit was EUR 1,863 million (+26.7%).
In the third quarter of 2019, ERGO consolidated profit decreased to EUR 119 million (-31.4%), while the first nine months profit was positive but smaller too, amounting EUR 339 million (-5.4%).
Vienna Insurance Group (VIG) and Wiener Stadtische are the new "Founding Partner" of the leading global innovation platform, Plug and Play, in Silicon Valley.
Allianz Global Investors (AllianzGI) has announced the retirement of Andreas UTERMANN from the position of CEO, to take effect on January 1st, 2020.
From January to September 2019, Hannover Re registered a net income of EUR 1,003.2 million, 38.3% higher year-on-year (9M2018: EUR 725.3 million).
Munich Re generated a profit of EUR 865 million (3Q2018: EUR 483 million) in the third quarter of 2019, 79.1% higher than the result of the same period of prior year.
Jan-Hendrik ERASMUS, current Chief Risk Officer (CRO) of NN Group will join Aviva plc as Group Chief Risk Officer.
At the end of September 2019, for the first nine months of current year, AXA Group's total revenues went up by 5%, amounting EUR 79.7 billion. Most of this amount came from French and European markets.
For the first nine months of 2019, Allianz Group's operating profit grew by 4.2% to EUR 9.1 billion (9M2018: EUR 8.7 billion), mostly due to a one-off profit from Life/Health business in the United States.
Generali Group net profit for the first nine months of 2019 was EUR 2,163 million, 16.6% higher than the net profit of the same period of prior year.
Crawford Polska has appointed Krzysztof (Kris) JABLONSKI as a Board Member and local CXO, effective of Nov 4th, 2019.
Fairfax Financial Holdings announced net earnings of USD 68.6 million in the third quarter of 2019, 34.4% less compared to the third quarter of 2018, primarily reflecting net losses on investments, partially offset by higher operating income. However, the nine months earnings reached USD 1,332 million, which reflects a 56.1% increase year-on-year.
For the first three quarters of 2019, Swiss Re net income reached USD 1.3 billion at group level, representing an increase of 23.2% from the same period of prior year, growth driven by reinsurance activity and a 4.3% return on investments.
Willis Towers Watson (WTW) ended the first nine months of 2019 with a net income of USD 522 million, 8.2% more that the net income of the same period of prior year.
MetLife reported a net income of USD 2.2 billion for the period between July - September 2019, 2.4 times more than the third quarter of 2018 (USD 880 million), reflecting an increase of 145% y-o-y.
MAPFRE ended the first nine months of 2019 with a net result of EUR 463 million, 12.5% lower than the net result of the same period of 2018. Most of this amount came from Iberia, Latin America and Reinsurance business areas.
For the first nine months of 2019, Aon revenue increased by USD 128 million (1.6%) compared to the same period of prior year, amounting USD 8.1 billion at the end of September 2019, due primarily to organic revenue growth of 6%, partially offset by a 3% unfavorable impact from foreign currency translation and a 1% unfavorable impact related to divestitures, net of acquisitions.
Everest Re Group reported a net income of USD 792 million for the first nine months of 2019, up 7.4% year-on-year. However, the third quarter of 2019 net income was 47.4% smaller than previous year result, amounting USD 104 million, driven by hurricane related losses.
Aon plc announced the appointment of Lisa STEVENS as Chief People Officer, part of an ongoing series of actions to further strengthen alignment and accelerate momentum in bringing its Aon United growth strategy closer to clients around the world.
Qatar Insurance Group (QIC Group) reported a net profit of USD 137 million for the first nine months of 2019, up by 5.4% compared to same period of prior year. According to QIC Group, the Middle East North African (MENA) markets continued to produce stable premiums with underwriting profitability, weathering geopolitical headwinds in the region.