International General Insurance (IGI) ended the second quarter of 2020 with a net profit (after tax) of USD 12 million, 43% higher year-on-year.
For the first six months of 2020, Talanx Group generated a net income of EUR 325 million, 31.8% lower year-on-year, negatively affected by the impact of coronavirus on the economy, just like the majority of European insurance groups.
International General Insurance Holdings announced the appointment of Brian James as Class Underwriter for Cargo.
Half (49%) of employed British adults feel positive about the prospect of returning to their place of work after lockdown, with less than one in five (18%) feeling negative, an AVIVA study shows.
WILLIS TOWERS WATSON (WTW) announced the appointment of Fiona SHAW as head of Data, Analytics and Innovation for its global Facultative business.
American International Group announced that David McElroy, currently President and Chief Executive Officer of the North American operations of General Insurance, has been promoted to Chief Executive Officer, General Insurance, and Executive Vice President, AIG, effective immediately.
Global insurance broker MARSH released last week the Global Insurance Market Index for the second quarter of 2020. The increase, the largest since the index was launched in 2012, follows y-o-y average increases of 14% in the first quarter and 11% in the fourth quarter of 2019.
LLOYD's announced its new cohort of InsurTech disruptors that will join the LLOYD's Lab innovation accelerator programme, and includes start-ups who are focused on providing solutions to support the Market to respond to the COVID-19 pandemic.
Based on the ESMA recommendation of May 2020 and the macroeconomic developments influenced by COVID-19, VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe executed an event-related impairment test at Group level.
CHUBB Limited announced the appointment of Paul KRUMP, currently Executive Vice President, CHUBB Group and President, North America Commercial and Personal Insurance, to Vice Chairman, Global Underwriting and Claims.
For the first six months of 2020, Zurich Insurance Group (Zurich) reported a net income of USD 1,181 million, 42% lower year-on-year.
Aegon Group ended the first half of 2020 with a net income of EUR 202 million, 67% smaller when compared to the same period of 2019.
For the first six months of 2020, Sampo Group recorded a profit before taxes of EUR 569 million, 42% lower than the same period of 2019. For the second quarter alone, Sampo Group's profit before taxes was EUR 407 million (-20%).
For the second quarter of 2020, from April to June, MetLife announced a net income of USD 68 million, down 96% year-on-year (2Q2019: USD 1.7 billion). On a per share basis, net income was USD 0.07, compared to net income of USD 1.77 in the prior-year period.
For the second quarter of 2020, for three months ended June 30, Everest Re Group ("Everest") reported a net income of USD 190.9 million, 42.7% lower when compared to the same period of prior year. For six months ended, from January to June 2020, the group's net income was USD 207.5 million (-69.8%).
NN Group ended the first six months of 2020 with an operating result of EUR 926 million, 1.3% higher y-o-y. First half of 2019 benefited from EUR 67 million of private equity dividends, while the current half-year included EUR 16 million of private equity dividends and non-recurring benefits.
Between January-June 2020, Aviva secured a consolidated operating profit of GBP 1,225 million, 12% lower year-on-year (after converting to pound sterling). Basic earnings per share fell to 20.0 pence (1H2019: 28.2 pence).
Intangible assets are an increasing proportion of companies' balance sheets, already accounting for as much as 85% of the total business value across industries according to estimates, show a report published by LLOYD's in collaboration with KPMG, urging businesses to pay attention to the new risk landscape that has evolved under COVID-19.
For the first six months of 2020, CROATIA osiguranje Group reported GWP of HRK 1,867 million (~EUR 247 million), about 6% lower than last year. The combined ratio from the Group's regular operations is 91.8% and is almost one percentage point better than last year.
Roland VOGEL, the CFO of German reinsurer Hannover Re, is retiring from the company on September 30th, 2020 after more than 30 years at the company. He will be succeeded by Clemens JUNGSTHOFEL, the current CFO of HDI Global SE.