News - Re/Insurance groups
Vienna Insurance Group announced the composition of its Managing Board as of 1 July 2023
Hartwig Loeger will become CEO of the Vienna Insurance Group, with Peter Hoefinger as his deputy starting 1 July 2023. At their own request, Elisabeth Stadler and Peter Thirring will not extend their mandates, which expire on 30 June 2023, due to planned retirements.
Generali confirmed among the most transparent companies in digital communication
Italian Group Generali recognized as "Top performer" among European companies in providing governance-related information as well as in sustainability disclosure. The Group is in the European Top 10 of Webranking.
VIDEO: ESG or not to be? Europe's roadmap and its implications for insurers
"ESG or sustainability is not a short-term trend, but a structural change, one that we have hardly ever seen in the economic history throughout the last decades," stated Dieter Pscheidl, Head of European Affairs and ESG for Vienna Insurance Group (VIG) in the opening of the first episode of the XPRIMM TIME FOR BUSINESS series dedicated to ESG issues.
Zavarovalnica TRIGLAV: David BENEDEK to leave the Management Board position on 1 December 2022
According to an announcement published on Ljubljana Stock Exchange website, David BENEDEK, Board Member, Zavarovalnica TRIGLAV will leave its position on 1 December 2022.
PZU Group, 3Q2022: Premium growth dynamics highest in a year supported by the non-life segment
The value of insurance premiums collected by the PZU Group throughout the first three quarters of 2022 exceeded PLN 19 billion (~EUR 4.05 billion), 4.3% up y-o-y. In Q3 alone, GWP growth rate was the highest in a year (12.1% y-o-y), thanks to the rapidly growing sales of non-life insurance, motor insurance in particular.
SCOR Investment Partners expands its sustainable investment offering, with the launch of a corporate loan fund focused on the preservation of natural capital
SCOR Investment Partners, announced the launch of a new corporate loan fund focused on environmental sustainability and the preservation of natural capital: SCOR Euro Loans Natural Capital, thus reaffirming its position as a responsible investor focused on increasing its sustainability linked platform.
Emma Bartolo appointed as Global Segment Lead for EIL at SCOR
SCOR d the appointment of Emma Bartolo as the Global Segment Leader for its Environmental Impairment Liability (EIL) insurance portfolio. She will join SCOR in February 2023.
Fitch raised Euroins Insurance Group's rating outlook
The rating agency Fitch Ratings has upgraded to "stable" the outlook of Euroins Insurance Group (EIG), the insurance division of the Bulgarian holding - Eurohold.
Lloyd's estimates Hurricane Ian claims between USD 2.3 billion - USD 3 billion
Lloyd's - the world's leading insurance and reinsurance marketplace, announced that claims to the Lloyd's market arising from Hurricane Ian are estimated to be in the range of USD 2.3 billion - USD 3 billion net of reinsurance, based on Q3 data provided by Lloyd's syndicates.
SAVA Group achieved 9 months net profit of EUR 46.5 million, 77.5% of the FY2022 target
Slovenian re/insurance Group SAVA announced it has generated a net profit of EUR 46.5 million in the first nine months of 2022, reaching 77.5% of its annual target.
UNIQA reported increasing business during 3Q2022
Austrian insurance group UNIQA generated premiums worth EUR 5.03 billion (+4.3% y-o-y) in 9M2022, due to increases recorded in all business lines: property and casualty insurance grew by 5.5% (to EUR 2.83 billion), health insurance by 4.9% (to EUR 963.6 million) and life insurance by 1.2% (to EUR 1.23 billion).
VIG, 9M2022: continued GWP growth trend; GWP year-end target set at over EUR 12 billion
Despite the major geopolitical and economic challenges, Vienna Insurance Group (VIG) 3Q 2022 results improved y-o-y. The Group expects year-end GWP worth at least EUR 12 billion and profit before taxes that surpasses the previous year's figure of EUR 511 million.
Christos Adamantiadis is the new CEO for Continental Europe at Marsh
Christos Adamantiadis was appointed CEO, Continental Europe at Marsh, the world's leading insurance broker and risk advisor, effective 1 January 2023. Mr. Adamantiadis will be based in Zurich and report to Flavio Piccolomini, President of Marsh's International Division.
Allianz SE, Q3 2022: strong results after 9M, full-year operating profit to reach the upper half of the target range of EUR 13.4 billion
Allianz SE's operating profit in 3Q rose by 7.4% to EUR 3.5 billion, driven by the Property-Casualty segment. Total revenues increased by 1.3% to EUR 34.8 billion, net income - by 16.7% to EUR 2.5 billion. After 9M2022 total revenues reached EUR 116 billion, operating profit - EUR 10.2 billion, while net income decreased by 31.5% to EUR 4.7 billion mainly due to a provision booked in 1Q.
Generali, Q3 2022: the Group is successfully achieving sustainable growth and continuously increasing its operating result
Generali's GWP increased to EUR 59.8 billion (+1.3%), driven by growth in P&C (+10.3%), led by the non-motor line. Life premiums contracted (-2.9%), to EUR 7.7 billion, driven by the unit-linked and protection lines. Operating result continued to rise to EUR 4.8 billion (+7.8%), thanks to the positive
Zurich, Q3 2022: robust premium increases across the Group which continues to be on track to exceed its strategic and financial targets for the 2020-2022 cycle
Zurich's Property & Casualty (P&C) GWP rose 8%, with growth of 13% on a like-for-like basis. Life new business annual premium equivalent up 2% on a like-for-like basis, with margin at an attractive level of 26.5%. Capital position is very strong with Swiss Solvency Test ratio estimated at 252% as of September 30, 2022, the group's press release said.
Zaffino to head AIG through 2027
American International Group (AIG) announced that AIG and Peter Zaffino, President & Chief Executive Officer and Chairman of the Board, have entered into an agreement securing Zaffino's employment through November 10, 2027.
ADRIS Grupa posted end-September growth of revenue and profit
In the first nine months of 2022, Croatian conglomerate ADRIS Grupa, with business in tourism, food production and insurance (Croatia Osiguranje) - posted total revenue worth HRK 5.2 billion (~EUR 0.7 billion), up by 15% compared to the same reporting period last year.
AGCS reported 9 months increasing premiums and profits
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group reported January-September 2022 GWP worth EUR 8.486 billion, up by EUR 1.06 billion or by 14% y-o-y.
Talanx confirmed its FY outlook for Group net income for EUR 1,050-1,150 million range
German insurance group Talanx is on track to meet its annual targets after the end-September result The insurer's representatives pointed out in a statement that the growths registered in premium income and net income in the first nine months of the year compensates for high losses from natural disasters and the reserves booked for potential losses arising from Russia's war of aggression against Ukraine.
1 December 2022