News - Re/Insurance groups

Zurich appoints Peter GIGER as Group Chief Risk Officer

Zurich Insurance Group announced that Peter GIGER will join the Group on October 1, 2019, as Group Chief Risk Officer and a member of Zurich's Executive Committee. The appointment is subject to regulatory approval.

Trust Re changes its Executive Management team

Trust Re announced the strengthening of its Executive Management team, thus forming its new Executive Committee. The nominations have been approved by The Central Bank of Bahrain, and are part of Trust Re's strategic plans.

New changes in VIG's Managing Boards

In recognition of his dedicated effort and outstanding leadership in Poland, Romania, the Baltic States, the Ukraine and Moldovia, Franz Fuchs will be named Deputy General Manager on 1 October 2019. Three new members with extensive international experience in the Group - Gerhard Lahner, Gabor LEHEL and Harald RIENER - will join the Managing Board as of 1 January 2020. Judit HAVASI will resign from the VIG Managing Board at the end of 2019.

Aon: ARA reinsurers net profit went up by 44% y-o-y

Aon published its half-year ARA (Aon's Reinsurance Aggregate) report on the global reinsurance market. The report shows strong earnings among the top reinsurance companies, driven by premium growth, a small incidence of major losses and improved investment results.

CCR Group, 1H2019: two-digit increase for the international business

France-based CCR Group released its first half of 2019 report. CCR, the public-sector reinsurer, reported a total amount of EUR 929 million written premiums (+3.5% y-o-y), while CCR RE, the global branch of the group, a total premium volume of EUR 441 million (+16% y-o-y).