Sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world's leading insurers and asset managers with a century of history in Africa, have agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent

French reinsurer SCOR reported Net loss of EUR 80 million in Q1 2022, compared with EUR 45 million net income in Q1 2021, while the value of gross written premiums of EUR 4.72 billion in Q1 2022, was up by 9.7% compared with Q1 2021.

At the Annual General Meeting of Allianz SE held a last week, a new Supervisory Board was elected as scheduled. Rashmy Chatterjee, Chairwoman of the Board of Management of ISTARI Global Ltd, London, was elected to the Supervisory Board for the first time, while Sophie BOISSARD, Christine BOSSE, Michael DIEKMANN, Friedrich EICHINER and Herbert HAINER were re-elected.

Reinsurer Swiss Re reported a net loss of USD 248 million for the first quarter of 2022, compared with a net income of USD 333 million for the same period last year.

German insurance group Talanx posted Q1 2022 GWP worth EUR 15.9 billion, up by 16.5% y-o-y. Operating profit (EBIT) rose to EUR 630 million (vs. EUR 625 million), while group net income was EUR 256 million (vs. EUR 277 million) due to a higher tax burden and was attributable in almost equal measure to the primary insurance (47%) and reinsurance (53%) areas.

Zurich Insurance Group (Zurich) demonstrates excellent financial health - in 2021 maintained a strong financial position and excellent balance sheet, according to its recently published Financial Condition Report 2021.

Gallagher Re has published its latest assessment of global (re)insurers' financial health, which summarizes key themes emerging from global (re)insurers' results for full-year 2021.

Hannover Re posted a quarterly profit of EUR 264 million in the first three months and confirms its full-year earnings guidance, as the German re/insurer announced in a statement.

At the Annual Shareholders' Meeting, Thomas BUBERL was reappointed by the shareholders as a member of the Board of Directors for a four-year term. It is worth mention, AXA's shareholders approved all the resolutions submitted to them by the Board of Directors.

Global re/insurance brokerage company AON reported Q1 2022 total revenue worth USD 3.67 billion, an increase of USD 145 million or 4% more y-o-y, while total operating expenses increased 1% y-o-y to USD 2.3 billion, of which USD 1.76 billion - related to compensation and benefits. At the same time, operating income increased 10% to USD 1.36 billion from USD 1.24 billion at the end of March 2021.

Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (Croatia Osiguranje) reported Q1 2022 total revenue of HRK 1.19 billion (EUR 157 million), up 11% year-on-year. Revenue from the sales of goods and services was up 16% year-on-year, to HRK 1.11 billion (EUR 147 million). Consolidated profit before interest, taxes and amortization (EBITDA) was up 4%, to HRK 173 million (EUR 22.8 million). Net profit in Q1 2022 was up 14% year-on-year, to HRK 12.2 million (EUR 1.6 million).

Global commercial insurance prices increased 11% in the first quarter of 2022, according to the Global Insurance Market Index released by insurance broker Marsh, continuing a trend of moderating rate increases that began in Q1 2021. "While this is the 18th consecutive quarter of increases, the rate of increase continues to moderate across most lines of business and in almost all geographies".

Global re/insurance broker WTW posted Q1 2022 revenue worth USD 2.16 billion, a decrease of 3% as compared to USD 2.23 billion for the same period in the prior year. At the same time, net income decreased from USD 736 million to USD 125 million.

Global re/insurance broker MMC posted Q1 2022 aggregate revenue of USD 5.5 billion, an increase of 9% compared with the first quarter of 2021. Q1 operating income was USD 1.4 billion, an increase of 6% from the prior year while net income attributable to the Company was USD 1.1 billion, or USD 2.10 per diluted share, compared with USD 1.91 in Q1 2021.

Dutch insurer Aegon announced the completion of the divestment of its business in Turkey to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG).

Lloyd's of London announced the appointment of Yelhis HERNANDEZ as Lloyd's Market Development Manager for Central America. She assumes the role in addition to her responsibilities as Country Manager for Mexico.

On 22^nd April, NN Group announced the completion of the acquisition of MetLife's businesses in Poland, following the approval obtained by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego, KNF) on 14 April 2022. NN Group completed the acquisition of MetLife's businesses in Greece on 31 January 2022.

French reinsurer SCOR announced, its Q1 2022 results will be impacted by the conflict in Ukraine. "Since the beginning of the war in Ukraine on 24th February 2022, SCOR has been closely monitoring the unfolding of events, and the resulting potential impact of the conflict and related international sanctions on its activity".

On 14 April 2022, the Vienna Insurance Group (VIG) publishes its reports for the 2021 financial year, confirming the preliminary figures communicated on 8 March 2022.

Vienna Insurance Group (VIG) has published today its reports for the 2021 financial year, confirming the preliminary figures communicated on 8 March 2022: premium volume of EUR 11 billion (+5.5%), a profit before taxes of EUR 511 million (+47.8%) and a combined ratio of 94.2% (-0.8 percentage points).