News - Re/Insurance groups

Marsh McLennan appoints Hafize Gaye ERKAN to its BoD

Marsh McLennan announced that on nn February 11, 2022, the Board of Directors of the company appointed Hafize Gaye ERKAN, as Director effective on March 1, 2022. With Erkan's appointment, the Company's Board will consist of 14 Directors.




AXA has completed the sale of its business in Singapore to HSBC

French insurer AXA announced that it has completed the sale of its insurance operations in Singapore - AXA Insurance Pte Ltd to HSBC Insurance (Asia-Pacific) Holdings Ltd - a wholly owned subsidiary of the Hongkong and Shanghai Banking Corporation Limited, for a total cash consideration of USD 529 million (or EUR 463 million). The deal that was first announced in August 2021.

The Hartford to expand its multinational coverage with Swiss Re Corporate Solutions

Swiss Re Corporate Solutions (the commercial insurance arm of the Swiss Re Group) and The Hartford (a United States-based investment and insurance company) entered into a strategic agreement that expands The Hartford's network of global partners, giving the company's multinational customers broader access to insurance coverage around the world.


Talanx to post its first billion-euro profit in 2021

German insurer Talanx informed its FY2021 Group net income exceeded the EUR 1 billion mark for the first time based on unaudited consolidated figures, despite historically high net claims expenses.

AON posted robust 2021 revenue growth

Global re-insurance broker AON posted 4% growth in Q4 2021 revenue to USD 3.08 billion and 10% growth in FY 2021 revenue to USD 12.19 billion, due to double-digit increases reported in Commercial Risks and Reinsurance Divisions.

Zurich Group in 2021: best results in its history

Zurich Insurance Group reported very strong profits for the full year 2021. Business operating profit and net income attributable to shareholders were the highest since 2007. Growth was achieved in all segments, with commercial insurance in particular benefiting from disciplined underwriting, higher prices and an increase in new business.


WTW reports 4% increase in 2021 revenue

Global re/insurance broker WTW posted 2021 total revenue of USD 9 billion, an increase of 4% y-o-y as compared to USD 8.62 billion a year before. FY 2021 income from operations was USD 2.2 billion, or 24.5% of revenue, an increase from USD 859 million or 10.0% of revenue compared to the prior year. Adjusted operating income was USD 1.8 billion, or 19.9% of revenue.



Generali to acquire La Medicale from Credit Agricole Assurances

Generali has signed an agreement for the acquisition of La Medicale, an insurance company for healthcare professionals, following the exclusive negotiation with Credit Agricole Assurances, announced last November, and the consultation of the dedicated workers' councils.


Lloyd's appoints Dawn Miller as Commercial Director

Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, announced the appointment of Dawn Miller as its Commercial Director reporting into Lloyd's Chief of Markets, Patrick Tiernan.

Generali: Caltagirone withdraws from the pact with Delfin and CRT

On 27 January 2022, the Companies of the Caltagirone Group - one of the largest shareholders of Italian Assicurazioni Generali have exercised their right of withdrawal from the consultation agreement with the other two: Delfin and Fondazione CRT.

MMC posted in 2021 the highest revenue and EPS growths in over two decades

Global brokerage firm MMC - Marsh McLennan reports FY2021 revenue of USD 19.8 billion, an increase of 15% compared with 2020, or 10% on an underlying basis. At the same time, operating income was USD 4.3 billion, and adjusted operating income rose 18% to USD 4.3 billion. Net income attributable to the Company was USD 3.1 billion. Earnings per share increased 56% to USD 6.13. Adjusted earnings per share increased 24% to USD 6.17 compared with USD 4.97 in 2020.

Generali to become the majority shareholder in both its Life and P&C joint ventures in India

Following the announcement in 2021 by the Indian Government to permit the increase of Foreign Direct Investment limit in the insurance sector from 49% to 74%, the Italian insurer Generali announced it will become the majority shareholder of Future Generali India Insurance Company Limited and Future Generali India Life Insurance Company Limited. Thus, Generali is the first international player to step-up to majority in both the Indian life and P&C insurance sector.