News - Re/Insurance groups
MMC posted strong end-June results
Global re/insurance broker MMC (MARSH McLENNAN) reported consolidated Q2 2022 revenue worth USD 5.4 billion, an increase of 7% compared with the second quarter of 2021. On an underlying basis, revenue increased 10%. Operating income was USD 1.4 billion, an increase of 11% from the prior year.
29 July 2022NN Life & Pensions completes acquisition of the AAV life insurance subsidiary
NN Group, ABN AMRO Bank and their joint venture AAV (ABN AMRO Verzekeringen) announced that they have completed the sale of the life insurance subsidiary of AAV to NN Life & Pensions.
29 July 2022Three new Members join EIG Board
Three new members will join the Board of Directors of Bulgarian Euroins Insurance Group (EIG), the insurance subholding of Eurohold. They are Todor Danailov, Kremena Pateva and Prasun Singhal.
22 July 2022Lloyd's Europe appointed Bertrand Heugues as CUO
Lloyd's - the world's leading insurance and reinsurance marketplace, confirmed the appointment of Bertrand Heugues as Chief Underwriting Officer (CUO) of Lloyd's Europe - responsible for overseeing the strategic direction for underwriting, delegated authority management, claims and reinsurance business.
11 July 2022SCOR's CUO of IDI Jean Tuccella announces his retirement
French reinsurer SCOR announced that Jean Tuccella - Chief Underwriting Officer of Inherent Defects Insurance - has decided to retire, effective July 1st. His position will be taken over by Jaume Avella Fluvia who will stay part-time at SCOR until the end of January 2023 to ensure a smooth transition.
11 July 2022Aegon to repurchase shares to neutralize 2021 final dividend paid in shares
The Dutch insurer Aegon announced it will repurchase common shares for an amount of EUR 106 million to neutralize the dilutive effect of the 2021 final dividend paid in shares: "These shares will be held as treasury shares and will be used to pay future stock dividends in shares".
4 July 2022AXA finalized the transformation of holding company into group's internal reinsurer
AXA announced that AXA S.A., the holding company of AXA Group, has completed its previously announced transformation into AXA Group's internal reinsurer following its merger on June 30, 2022 with its captive reinsurer, AXA Global Re.
4 July 2022Chubb completes acquisition of Cigna's PA, Health and Life business in Asia-Pacific
Chubb Limited announced that it has completed its acquisition of the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna in six Asia-Pacific markets.
4 July 2022ERGO Versicherung Austria buys D.A.S. Rechtsschutz
The specialist on the Austrian legal protection market - D.A.S. Rechtsschutz AG changes ownership within ERGO Group AG, after Austrian subsidiary ERGO Versicherung AG buys the national legal protection specialist from the previous owner, ERGO Versicherung AG in Germany.
4 July 2022Sava Re to pay dividends worth EUR 23.2 million of the group's 2021 profit
The shareholders of Slovene re/insurance group Sava Re adopted at the Company's AGM the proposal of the management and supervisory boards to distribute a dividend of EUR 1.50 gross per share for 2021.
29 June 2022Zurich to sell its legacy traditional life insurance back book in Germany to Viridium
Zurich Insurance Group has agreed to sell its legacy traditional life insurance back book in Germany to Viridium Holding AG (Viridium), a leading specialist in the management of life insurance portfolios in Germany.
27 June 2022Fitch Raised Eurohold raiting outlook to STABLE
Eurohold Bulgaria, the majority owner of Electrohold and Euroins Insurance Group, received a Stable Outlook on its Long Term Issuer Default Rating, by Fitch Ratings, one of the three leading rating agencies worldwide.
27 June 2022EIG reports record results for 2021
Euroins Insurance Group AD (EIG), part of urohold Bulgaria AD and a leading holding in Central, East and Southeast Europe (CESEE), reported record-breaking premium income and profit in 2021, shows the company's annual consolidated and audited financial statement for the period.
27 June 2022Global insurance industry reveals huge work required before IFRS 17 goes live
Insurers have reported that there is still a huge amount of work to complete in order to successfully deliver IFRS 17 ahead of the 2023 deadline, according to a global survey by WTW.
20 June 2022Croatia osiguranje's owner is operationally and financially ready to take the next business step
Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (Croatia Osiguranje) announced on the occasion of its Group AGM that the YE 2021 net result of more than HRK 400 million (~EUR 53 million) "is still below the company's potential".
15 June 2022Marsh McLennan Agency acquires Clarke Insurance
Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced the acquisition of Clark Insurance, a leading independent agency in Maine. Terms of the acquisition were not disclosed.
6 June 2022Eurohold Group's revenue more than quadrupled in Q1 2022
Bulgarian holding Eurohold reported record-breaking revenue and nearly tripled its profit in the first quarter of 2022, according to the company's consolidated interim financial statement.
2 June 2022Generali announced the resignation of the Director Francesco Gaetano CALTAGIRONE
Assicurazioni Generali informs that non-independent director Francesco Gaetano CALTAGIRONE has resigned from the Board with immediate effect. The reasons have not been disclosed.
30 May 2022Aegon sells 50% stake in Spanish joint venture with Liberbank to Unicaja
Dutch insurance group Aegon announces it has decided to sell its 50% stake in the Spanish insurance joint venture with Liberbank to Unicaja Banco. The sale is expected to close in the second half of 2022, subject to regulatory approval.
30 May 2022HDI International strengthens its position in core market Brazil
HDI International AG, a subsidiary of Talanx Group, is strengthening its operations in its core market Brazil through the acquisition of the retail business of Sompo Seguros S.A.
30 May 2022
