News - Re/Insurance groups


MMC appoints Judith Hartmann and Ray Young to its BoD

The Board of Directors of Marsh McLennan (MMC) appointed Judith Hartmann and Ray Young as directors effective immediately. With these appointments, the Company's Board will consist of 15 directors.




Groupama posted FY2022 premium income of EUR 15.9 billion, up by 4.3% y-o-y

French insurer Groupama reported YE2022 premium income of EUR 15.9 billion, up by 4.3% y-o-y with "strong growth in property and casualty insurance (+8.6% to EUR 8 billion), driven by the good performance of international subsidiaries (+20.4%), particularly in Romania". In Life and health, Groupama posted growth worth 0.8% y-o-y (to EUR 7.8 billion) both in France (+0.7%) and abroad (+1.1%).


MetLife names Bryan Boudreau new global Chief Actuary

MetLife announced that Bryan Boudreau has been named executive vice president and Global Chief Actuary, effective May 11, 2023. Boudreau succeeds Andy Rallis, who will retire effective May 10, 2023, after a 39-year career at MetLife - including 11 years as Global Chief Actuary.

Marsh names Sarah Stephens US Central Zone Leader

Marsh, one of the the world's leading insurance broker and risk advisor, announced that Sarah Stephens, current Head of Cyber for the UK and International, Marsh Specialty, will assume the role of US Central Zone Leader effective May 1, reporting to Pat Donnelly, President, US and Canada, Marsh.

Lloyd's reports strong FY 2022 underwriting performance

Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, informed that according to preliminary results, its FY2022 GWP increased by over 19% to more than GBP 46 billion (FY 2021: GBP 39.2 billion) "reflecting a combination of growth from the strong USD (8%) direct price increases (8%) and organic growth (3%)".

Allianz to serve global commercial insurance segment as one go-to-market business

Allianz Group announced that it will serve the global commercial insurance segment as one go-to-market business under the trading name Allianz Commercial, featuring an integrated approach encompassing its Allianz Global Corporate & Specialty (AGCS) business serving large corporate clients and the insurance businesses of Allianz's operating entities serving mid-sized country-based accounts.

Swiss Re proposes dividend of USD 6.40 per share for the 2022 financial year

Global reinsurer Swiss Re proposes dividend of USD 6.40 per share for the financial year 2022, according to the published agenda for the upcoming Annual General Meeting of shareholders (AGM) on 12 April 2023. At the AGM, Swiss Re is also proposing to elect Vanessa Lau and Pia Tischhauser as new Board members for a one-year term, and the re-election of Sergio Ermotti as Chairman and a member of the Board of Directors for a one-year term of office until completion of the next AGM.

VIG Re posted all-time highs performance for 2022

In 2022, VIG Re's profit before taxes increased by 14.6% y-o-y to EUR 30.7 million, while the GWP was up by 19.7% y-o-y to EUR 792.3 million. Net combined ratio improved by 4.2 ppt to 91.9%, underwriting profit almost doubled to EUR 38.5 million (+ 90.4%), total assets amounted to EUR 1.47 billion (+ 0.4%), while Return on equity was 17.9%.

Lloyd's announces Bob James as new COO

Lloyd's of London announced a week ago a number of changes to its Executive Committee. Thus, Bob James has taken over COO responsibilities from CFO Burkhard Keese, effective 14 March 2023, while Deputy CFO Alex Cliff will join Lloyd's Executive Committee with immediate effect.

David Benedek new member of Save Re's management Board

On 21 March 2023, David Benedek was granted a license by the Insurance Supervision Agency to become a member of the management board of Sava Re. Appointed as a member of Sava Re's management board on 15 December 2022, David Benedek began his 5-year term of office on 22 March 2023.




AXA completes the sale of shares in Banca Monte dei Paschi di Siena

French insurance group AXA S.A. announced the successful sale of 100,000,000 shares in Banca Monte dei Paschi di Siena S.p.A., representing ca.7.94% of the Italian Bank's share capital, at a price of EUR 2.33 per share (i.e. a total amount of 233 million euros) in an accelerated book built offering reserved to institutional investors.

Eurohold reports 2022 profit before tax of EUR 34.9 million

Bulgarian financial and energy holding Eurohold reported YE 2022 a nearly 77% growth in revenues compared to the previous year to over BGN 6.3 billion (EUR 3.2 billion) and a roughly 52% increase in EBITDA to approx. BGN 286 million (EUR 146 million), according to the holding's annual consolidated report. Net profit grew by 8.8% on the year to BGN 68.3 million (EUR 34.9 million).