News - Re/Insurance groups

CCN, 1H2020: Group's performance remained stable in spite of ongoing COVID-19 crisis

As for most companies, Covid-19 has left a mark on Claims Corporation Network's (CCN's) results as well. The COVID-19 crisis caused one of the most severe economic and financial market turmoil's and while financial markets have rallied in the second quarter of 2020, the economic recovery remains fragile. However, the fact that CCN's performance remained stable in a challenging first half year reinforces our resilience.

Zurich Insurance Group announces regional leadership changes

Zurich Insurance Group (Zurich) announced changes in its regional leadership. New CEOs have been appointed in Latin America (LatAm) effective Oct. 1, 2020, and in the North America and APAC regions, effective Jan. 1, 2021.

Shareholders approve the Aon - WTW merger

Aon and Willis Towers Watson - WTW announced that their respective shareholders voted "FOR" all proposals at their respective extraordinary general meetings and at the special meeting of Willis Towers Watson shareholders ordered by the High Court of Ireland. These approvals are an important step in the process of combining the two companies.

Vienna Insurance Group, 1H2020: GWP rose 2.4%, reaching almost EUR 5.6 billion

Vienna Insurance Group ended the first six months of 2020 with a financial result (including the result from at equity consolidated companies) in amount of EUR 388 million (-8.3% year-on-year). The result before taxes was EUR 201 million (-21.8%), while the net result was EUR 126 million (-16.3%).

ALLIANZ Group opened earthquake & fire research center in Istanbul

A new earthquake and fire research center in Turkey expands the family of Allianz Group's ALLIANZ Centers for Technology, the German insurer announced in a statement. It conducts earthquake, automotive, transport and fire tests, simulations and practical training in Istanbul.

Aon launches its Virtual Reinsurance Renewal Season

Global re/insurance broker Aon announced it launches its Virtual Reinsurance Renewal Season, calling for the re/insurance industry to collaborate to bring capital closer to clients' needs and drive growth across the global insurance ecosystem.

WTW and WEF release white paper on how to value talent in the new world of work

WILLIS TOWERS WATSON (WTW) and the World Economic Forum (WEF) have published "Human Capital as an Asset: An Accounting Framework to Reset the Value of Talent in the New World of Work," a new white paper that provides organizations with a model to reshape how they value and make decisions about their workforces in a post-COVID-19 world of work.

Majority of Brits are worried about funding retirement

Over half (58%) of non-retired people aged 45-60 are worried they will not have enough money to provide an adequate standard of living in their retirement according to a new survey by AVIVA, yet over a fifth (21%) of non-retired people in this age group are not taking action to strengthen their retirement income.

Sava Insurance Group, 1H2020: Net profit expanded by 42.5% y-o-y

From January to June 2020, Sava Insurance Group generated an operating revenue of EUR 314 million (+16.6%) and a net profit of EUR 32 million (+42.5%). The operating revenue reached 51.5% from its original full year 2020 target, while the net profit 71.5%.