News - Re/Insurance groups

MMC, 9M2019: revenue up 10.2% y-o-y

Marsh & McLennan Companies (MMC) consolidated revenues rose by 10% year-on-year at the end of first nine months of 2019. The total revenues were around USD 12.4 billion (9M2018: USD 11.2 billion).





SCOR, 9M2019: Group net income rose 17.3% YTD

For the first nine months of 2019, SCOR Group secured a net income of EUR 401 million, 17.3 percent more compared to the same period of 2018. The return on equity (ROE) was 8.8%, exceeding the profitability target set in "Quantum Leap" business plan by 816 bps.


FITCH removes SIRIUS ratings from Rating Watch Negative to Outlook Stable

Fitch Ratings has affirmed and removed Sirius International Group, Ltd.'s ratings from Rating Watch Negative, including its 'BBB' Long-Term Issuer Default Rating (IDR), 'BBB-' senior debt rating and 'A-' (Strong) Insurer Financial Strength (IFS) rating of Sirius's operating subsidiaries. The Rating Outlook for all ratings is Stable.


AM Best Affirms Credit Ratings of Pozavarovalnica Sava d.d.

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of Pozavarovalnica Sava d.d. (Sava Re) (Slovenia), the operating holding company of the Sava Re Group. The outlook of these Credit Ratings (ratings) is stable.

Baden-Baden: MUNICH Re talks about the variety of digital solutions it offers to its clients

Digital transformation posing new challenges for insurance industry, representatives of MUNICH Re have shown in Baden Baden, emphasizing that MUNICH Re's digital solutions support insurers across entire value chain: while data-analytics tool "The Box" improves loss ratio and efficiency in motor business, AQUALYTIX delivers key findings about drivers of water-mains damage.


VIG in top 500 best employers in the world

Vienna Insurance Group (VIG) is 495 in the list of the 500 best employers in the world, according to the latest "Forbes Global 2000 - World's Best Employers Ranking", published in October 2019.

S&P re-confirms A+ rating with stable outlook for VIG Re

On October 15, 2019, the international rating agency Standard & Poor's confirmed its long-term public issuer credit rating of "A+" and financial strength rating of "A+" with stable outlook for VIG RE zajistovna, a.s., affirming the same rating VIG Re has enjoyed since its founding in 2008.




Tjeerd BOSKLOPPER appointed as CEO of NN Netherlands

NN Group announced the intended appointment of Tjeerd BOSKLOPPER as CEO Netherlands ad interim. The appointment is subject to approval by the Dutch Central Bank, and is expected to be effective as from early November 2019.


PartnerRe appoints new CFO and COO

PartnerRe Ltd. announced that Mario BONACCORSO, Executive Vice President and Chief Financial Officer, will retire on March 31st, 2020 to pursue a new entrepreneurial venture outside the company.