News - Re/Insurance groups

Swiss Re, Q1 2019: P&C losses affected total net income

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: 2018 annual report and solvency 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's German life unit sale to VIRIDIUM, completed

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.

QIC Group Q1 net profit increased by 15%

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 changes to its senior management

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".

AON Q1 revenue increased to USD 3.14 billion

Global re/insurance broker and retirement solutions company AON announced its Q1 2019 total revenue increased in absolute value by USD 53 million (or 2% y-o-y) to USD 3.14 billion.

ZURICH: 2018 Financial Condition Report

Zurich Insurance Group (Zurich) has published its Financial Condition Report 2018, highlighting a good financial condition and exceeding solvency requirements.

VIG: Over 150 digitalization projects currently under way group-wide

Envisioning people's 2028 lifestyle and the role insurance will play in it, VIG is already laying the groundwork for the digital transformation. The Group is currently in the process of implementing more than 150 digitalization projects, the majority of which will be completed within the next two years.

Lidwien SUUR appointed to ACHMEA's Executive Board

Lidwien SUUR has been appointed to ACHMEA's Executive Board with effect from 1 September 2019, as the Dutch financial group announced in a statement. "She fills the vacancy that arose following the departure of Roelof KONTERMAN at the end of last year. Lidwien SUUR's responsibilities will include the divisions Non-life, Centraal Beheer and Interpolis".