News - Re/Insurance groups


VIG: GWP 0.4% down and a strong resilience for the first quarter of 2021

For the first quarter 2021, Vienna Insurance Group (VIG) reported an increase of profit (before taxes) by 5% to EUR 128 million compared to the same period of the previous year. The total premium volume reached EUR 3.11 billion and the Romania, Czech Republic and Poland segments recorded the highest absolute premium increase.



Sascha Bruns has been appointed Head of Global Retrocession at Peak Re

Peak Reinsurance Company Limited (Peak Re), the Hong Kong-based global reinsurer, announced that Sascha Bruns has been appointed Director, Head of Global Retrocession. Mr. Bruns will lead the design and implementation of the company's retrocession strategy for global Property & Casualty business.


Laurent Rousseau will be the new CEO of SCOR and will succeed Denis Kessler

Staring with June 2021, SCOR will have a new Chief Executive Officer (CEO) after Denis Kessler's announcement to relinquish, for personal reasons, his duties as CEO. The Board changed the succession plan and named Laurent Rousseau to replaced Kessler, who will remain as Chairman of the Board of Directors.

VIG Re delivers technical profitability in 2020 despite significant large losses

In 2020, the reinsurer part of Austrian Vienna Insurance Group - VIG Re, posted gross written premiums of EUR 579 million, up by 10%. "Premiums growth is driven by continued franchise development in all regions, particularly business underwritten by the branches in Frankfurt a. M., Germany and Paris, France", as the reinsurer mentioned in a statement.





ALLIANZ, 1Q2021: operating profit up 44.8%, to EUR 3.3 billion

Total revenues of ALLIANZ Group declined by 2.6% to EUR 41.4 billion and were flat y-o-y, adjusted for currency and consolidation effects, while the operating profit increased by 44.8% to EUR 3.3 billion, with all business segments contributing. 2021 operating profit target confirmed at EUR 12.0 billion, +/- EUR 1 billion.

Talanx expects YE2021 net income at upper end of the EUR 800-900 million range

Insurer TALANX announced it starts the current year with strong results: GWP was up by 9.4% to EUR 13.6 billion, combined ratio for P&C primary insurance and reinsurance improves to 96.1% vs. (99.8%) percent, operating profit increased by 11.8% to EUR 625 million, while the net income climbed by 24.5% to EUR 277 million.


AGCS appointed new Global Head of Property

Allianz Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group - announced that Maria Grace was appointed as Global Head of Property succeeding Thierry Portevin who leads AGCS's global risk consulting team since March.

CROATIA osiguranje end-March net profit increased to EUR 15.5 million

CROATIA osiguranje d.d., one of the largest insurance company in Adriatic region, reported unaudited Q1 2021 gross profit of HRK 140.6 million (EUR 18.57 million) vs HRK 120.4 million a year before while its net profit increased from HRK 98.3 million in March 2020 to HRK 117.3 million (EUR 15.5 million) representing an increase of 19.4 % y-o-y.



Berkshire Hathaway published the first quarter earnings 2021

Berkshire Hathaway published the 1T2021 results which include gains of approximately USD 2.8 billion in the first quarter of 2021 and losses of approximately USD 54.5 billion in the first quarter of 2020 due to changes during the first quarters of 2021 and 2020 in the amount of unrealized gains that existed in the equity security investment holdings.