News - Re/Insurance groups

VIG Re end-year premium exceeds half billion euro for the first time

Reinsurer VIG Re, part of Austrian insurance group VIG reported FY2019 total premium volume of EUR 527 million, up by 15.4% y-o-y - exceeding for the first time the EUR 500 million benchmark. At the same time, the company FY2019 profit before tax increased by 0.3% y-o-y to EUR 22.6 million while the reported combined ratio of 96% is 3.5 percentage points above 2018 level.

Covid-19: UNIQA revises forecast for 2020

Austrian insurance group UNIQA informed that based on preliminary work on the result for the first quarter of 2020, the significant negative effects of COVID-19 on the capital markets in the first quarter of 2020 will have a negative impact, above all, on the investment result of UNIQA.

Swiss Re shareholders approved all proposals put forward by the BoD at Swiss Re's AGM

Swiss Re's shareholders approved all proposals put forward by the Board of Directors at its Annual General Meeting (AGM) held in Zurich last week. This included a 5% increase in the regular dividend to CHF 5.90 per share and the authorisation of a new public share buyback programme of up to CHF 1.0 billion purchase value.

Swiss Re Corporate Solutions appoints new Chief Financial Officer

Swiss Re Corporate Solutions appoints Matthias Grass as Chief Financial Officer. In this role, Mr. Grass will be responsible for overseeing Swiss Re Corporate Solutions' Finance function, ensuring the business unit achieves its financial targets, and implementing the business unit's strategy.

Claudine Delavy appointed as Swiss Re Corporate Solutions' Head Distribution Management EMEA

Swiss Re Corporate Solutions appoints Claudine Delavy as Head Distribution Management, Europe, Middle East & Africa, effective 1 May. Ms. Delavy will be responsible for advancing the company's distribution strategy, representing all Swiss Re Corporate Solutions' products and solutions to commercial insurance brokers, and maintaining strong relationships with key partners. She will relocate from London to Zurich.

--> Netopia