News - Re/Insurance groups
Groupama Biztosito enters the Croatian market
French insurer Groupama announced its Hungarian subsidiary - GROUPAMA Biztosito finalized the acquisition of 100% of the shares of the Croatian insurance company OTP Osiguranje from OTP Banka d.d., Croatian subsidiary of OTP Bank.
Czech Rep.: Lenka KEJIKOVA received the "green light" from CNB as CEO of Generali Pension Company
Italian group GENERALI announced that the Czech National Bank (CNB) approved the appointment of Lenka KEJIKOVA as new CEO of Generali pension company (GPS) in the Czech Republic and a member of its Board of Directors. She was nominated last 1st of July taking over the role from Radek MOC, who is now focusing on his function as Head of Strategy in the Austria, CEE & Russia Region.
Aon announced new Reinsurance Regional Leadership Team
Global broker Aon announced new regional leadership roles in Reinsurance Solutions "to further strengthen the team and enhance local reach".
Achmea: H1 Operational result increases to EUR363 million
Dutch financial group Achmea announced its H1 2021 operational result increased to EUR 363 million compared to EUR 127 million in the first half year of 2020. "A good start, but uncertainties remain in the second half of the year", said Bianca TETTEROO, Chair of the Executive Board.
Aegon sets as a target EUR 400 million expense savings by 2023
Dutch insurer Aegon posted Q2 2021 net result of EUR 849 million reflecting "strong operating result and fair value gains on investments from favorable market movements"
BiH: UNIQA shows continuous growth in 2021
In H1 2021, UNIQA BiH achieved a growth of 19.7% and a total premium of BAM 35.7 million (~EUR 18.7 million), which positions the company on top of the insurance market, according to the total realized premium, as the Austrian insurance group UNIQA announced in a statement.
Sava Re's has published its revised Corporate Governance Policy document, effective as of 1 September 2021
Sava Re published, according to the Rules of the Ljubljana Stock Exchange where the company is listed, the revised Corporate Governance Policy of Sava Re document, recently adopted by its management board.
Arthur J. Gallagher & Co. to acquire WTW's Treaty Reinsurance brokerage operations
Arthur J. Gallagher & Co. recently announced an agreement to acquire the treaty reinsurance brokerage operations of Willis Towers Watson plc for a total consideration that may reach USD 4 billion. The transaction is subject to customary regulatory approvals and expected to close during the fourth quarter of 2021.
NN Group posted H1 net profit of EUR 1.41 billion
At the end of June 2021, the NN Group's net profit increased to EUR 1.41 billion compared with EUR 587 million in the first half of 2020. At the same time, the Dutch financial group noted that the operating result increased to EUR 1.12 billion from EUR 926 million in the first half of 2020, "with almost all segments reporting higher results".
Aon announces global leadership appointments in Reinsurance Solutions
Re/insurance broker Aon announced new global leadership roles in Reinsurance Solutions "to enable greater focus on creating client value, product and market segmentation and regional reach".
VIG and C-Quadrat launched a joint venture investment fund company in Poland
Austrian insurer Vienna Insurance Group announced in a statement it launched together with C-Quadrat Investment Group a joint venture investment fund company in Poland: VIG / C-QUADRAT TFI S.A.
Talanx strengthens its market position in Latin America
Talanx is strengthening its presence in the insurer's strategic target region of Latin America. The Chilean subsidiary company HDI Seguros and state-owned bank BancoEstado have signed an exclusive agreement for the coming 13 years covering the sale of non-life insurance products. The partnership is scheduled to start on 1 January 2022 and secures Talanx its market position among the Top 5 non-life insurers in Chile for the long term.
VIG, 1H2021: Profit before taxes rises 25% to EUR 251 million
Austrian Vienna Insurance Group ended 1H2021 with a 3.5% increase in the premium volume, to EUR 5.77 billion and 25% increase in the profit before taxes, to EUR 251 million. All key figures show significant improvements y-o-y, indicating that performance continues to be highly stable during the ongoing Covid-19 pandemic.
UNIQA Group, 1H2021: Profit quadrupled in first half of year - outlook raised for 2021 as a whole
In 1H2021, UNIQA Insurance Group generated earnings before taxes of nearly EUR 216 million, while premiums written rose by 17%. This is predominantly due to the successful integration of the former AXA companies in CEE, but also to the almost 2% increase in GWP in Austria.
Sava Group, 1H2021: good results support group's expectation for a year-end net profit exceeding by 13% the original target
In 1H2021, the Sava Insurance Group generated EUR 363.7 million in operating revenue and a net profit of EUR 43.5 million. Operating revenue and net profit represented 53.1% and 82.1%, respectively, of the full-year targets.
Zurich places CHF 200 million of 10-year senior debt with a yield of 0.0%
Zurich Insurance Group announced the successful placement of CHF 200 million of senior unsecured notes. The Notes will mature in August 2031.
Guy Carpenter appoints ex Willis Re executive as President in Asia Pacific
Reinsurance broker Guy Carpenter part of Marsh McLennan announced today the appointment of Michael Harden as President of Asia Pacific, with immediate effect.
Swiss Re announced changes in the leadership of its Reinsurance Business Unit
Global reinsurer Swiss Re announced changes in the leadership of its Reinsurance Business Unit. Thus, effective 1 January 2022, Jason Richards has been appointed Country President and CEO UK & Ireland. He will be succeeded by Julie Stephenson as Global Head of Casualty.
Triglav Group is in target to achieve the planned annual profit of EUR 85-95 million
Slovene Triglav Group reported H1 2021 aggregate gross profit of EUR 56.2 million, which is 39% more than in the same period last year and 35% higher than in the first six months of 2019, according to the "Unaudited Report of Triglav Group and Zavarovalnica Triglav for H1 2021" posted on the Ljublijanksa Borza (Ljublijana Stock Exchange) website.
Willis Towers Watson names Carl Hess as President and next CEO
Global re/insurance broker Willis Towers Watson announced that its BoD has unanimously selected Carl Hess as the company's new president and next chief executive officer (CEO).
1 September 2021