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Re/Insurance groups

DONNET, GENERALI: 2017 it's not going to be easy, but may be better than 2016

"2017 will look very close to 2016. For basic reasons, we are still going to face a low interest rate environment and the regulation is going to be tough again," Italian GENERALI's CEO, Philippe DONNET, has stated in a recent interview with CNBC on the occasion of the World Economic Forum 2017. More
(19.01.2017)

ALLIANZ completes sale of ALLIANZ Life Insurance Korea to ANBANG

The Munich-based ALLIANZ announced it successfully concluded the sale of its South Korean life insurance unit (ALLIANZ Life Insurance Korea) to China's ANBANG Insurance Group. More
(12.01.2017)

Willis Re: 2017 will be a challenging year for reinsurers

Despite a 50% increase in insured losses from natural catastrophes during 2016, the global reinsurance industry achieved profitable results for the third quarter. Barring any last minute disasters, 2016 remains on track to close out another profitable full year, reads the recent Willis Re report on the 1st January renewal season, "Struggling to Stabilize". More
(12.01.2017)

TRIGLAV plans to book EUR 70-80 million in 2017 pre-tax profit

Slovenian insurer TRIGLAV announced its plans to book a profit before tax of EUR 70-80 million in 2017. At the same time, the Group plans to book around EUR 930 million in consolidated gross written premium (vs. approximately EUR 900 million planned for 2016), while the planned combined ratio of the TRIGLAV Group is around 95%. More
(12.01.2017)

ZURICH: Insurers may play a key role in assesing and managing supply chains disruption risks

IT/Telecom outages are the number one cause of supply chain disruption, has concluded the recent "Supply Chain Resilience Report 2016" released by the Business Continuity Institute following a survey produced in association with Zurich Insurance. Summarizing the responses provided by 526 professionals of 64 countries, one of the most important findings of the report is that insuring supply chain losses is a key factor in building greater resilience of companies. More
(12.01.2017)

AON BENFIELD: Global reinsurance capital hits new record

According to the "January 2017 Reinsurance Market Outlook" released by the reinsurance broker AON BENFIELD, the estimated value for the reinsurance industry capital rose by 5.3% to a new high of USD 595 billion at the end of September 2016 (vs. USD 565 billion in FY 2015). " Overall demand increased for the industry, but growth has been isolated to few regions and lines of business", AON BENFIELD pointed out in the study. More
(12.01.2017)

AXA has completed the sale of its UK P&C commercial broker Bluefin to Marsh

AXA announced today that it had completed the sale of Bluefin Insurance Group Ltd ("Bluefin"), its P&C commercial broker in the UK, to Marsh. AXA recorded an exceptional negative impact of Euro 82 million, which will be accounted for in 2016 Net Income. More
(09.01.2017)

TRUST Re announces increase in authorised, issued and paid-up capital

TRUST Re has announced an increase in its authorised capital from USD 200 million to USD 500 million and an increase in its issued and paid-up capital from USD 200 million to USD 250 million. More
(09.01.2017)

HANNOVER Re gets final licence to establish a branch in India

HANNOVER Re received the approval (R3) to establish a branch in India from the Insurance Regulatory and Development Authority of India (IRDAI), the reinsurer announced on 28 December 2016. The opening up of the Indian market to foreign reinsurers enables HANNOVER Re to enjoy direct access to the country's growing insurance market, operating both property and casualty as well as life and health reinsurance. More
(09.01.2017)

TRUST Re profit of USD 15.7 million in 3Q

TRUST Re achieved gross written premium of USD 374.3 million compared with USD 384.2 million reached in the equivalent period twelve months ago. At the same time, the Company reported USD 15.7 million profit at the end of the third quarter. More
(20.12.2016)

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