On 7 May 2018, during the ordinary and extraordinary Shareholders' Meeting ("GM"), Generali chose a new Board of Directors, elected to hold office for three financial years, until approval of the financial statements for the year 2021.
In the 2018 financial year, GRAWE AG increased its total premium income by 5.0% to EUR 588 million. Premium growth in non-life and accident insurance was up 5.7%, while in life insurance GRAWE recorded a 2.6% rise.
Zurich Insurance Group Ltd (Zurich) reported a 4% increase in terms of P&C GWP volume for the first quarter of 2019. In local currency, the figures show growths across all regions, keeping Zurich on track to meet and even to exceed 2017 to 2019 targets.
Hannover-based insurer TALANX Group reported a double-digit growth in GWP of 11% to EUR 11.7 (10.6) billion, the insurer officially announced May 9, 2019.
Hannover-based insurer TALANX informed it is expanding its activities in Turkey by acquiring the P&C insurer ERGO Sigorta.
Dutch insurer ACHMEA announced that Can Akin CAGLAR has decided to step down from his position as CEO of EUREKO Sigorta, Achmea's subsidiary in Turkey, as per the 10th of May 2019. He held this position for the past five years.
AXA XL Insurance has partnered with AXA - Global Healthcare to launch a new healthcare insurance solution for Spanish and Portuguese companies with employees on expatriate assignments.
As from 1 May 2019, Giulia RAFFO is appointed as Head of Investor & Rating Agency Relations, directly reporting to the General Manager, Frederic de COURTOIS.
Hannover Re net income increased by 7.4% in the first quarter of 2019, compared to first quarter of 2018 level, reaching EUR 294 million. The operating profit (EBIT) grew by more than EUR 16 million (+3.7%) to EUR 450 million.
Sirius Group reported comprehensive income of USD 76 million for the first quarter of 2019 compared to USD 30 million for the first quarter of 2018. Gross written premiums for the quarter were USD 622 million, reflecting an increase of 1%.
MAPFRE initiated its Strategic Plan 2019-2021, stimulating profitable growth and improving the key financial indicators against a backdrop of near currency neutrality and a still complex global economic environment.
On April 30th, during the constituent meeting of the new Supervisory Board of Munich Re, Nikolaus von BOMHARD (62) was elected as Chairman of the Supervisory Board. Anne HORSTMANN (49) was elected as Deputy Chair of the Supervisory Board.
For the first quarter of 2019, Willis Towers Watson revenue was USD 2.31 billion, showing an increase of 1% (5% increase constant currency and organic) as compared to USD 2.29 billion for the same period in the prior year.
In the first quarter of 2019, AXA Group reached EUR 35 billion in total revenues, increasing by 3% compared to the first quarter of 2018. European market (including French market) brought more than half of total AXA revenues (55.7%).
Swiss Re reported a net income of USD 429 million for the first quarter of 2019, reflecting high L&H Re performance and strong investment results, but the large losses from property and casualty (P&C) businesses impacted the overall results.
VIG Re recently published its 2018 Annual Report and 2018 Solvency Financial Condition Report. The figures show record results compared to previous years: an increased total GWP volume, increased profit before taxes and a reduced combined ratio.
GENERALI announced it completed the sale of 89.9% of the shares of GENERALI Leben to VIRIDIUM Gruppe, a leading specialist for the management of life insurance portfolios in Germany, also establishing an industrial partnership with VIRIDIUM, aimed at managing life insurance closed book portfolios.
Qatar Insurance Company (QIC), a leading insurer in Qatar and the Middle East North African (MENA) region reported a net profit of USD 75 million for the first quarter of 2019.
AVIVA announced that following the recent appointment of Maurice TULLOCH as Group's CEO, the Board of AVIVA and Andy BRIGGS have decided that Andy BRIGGS will step down as CEO UK Insurance and as a Director of AVIVA. "Andy will remain with the Group until 23 October 2019 to support an orderly transition".
AXA XL - the property & casualty and specialty risk division of French re/insurance group AXA - announced the promotion of Charlotte WILSON to global head of portfolio solutions, with responsibility for developing and executing the global strategy for portfolio solutions.