Sampo Group ended January - March 2020 period with a profit before taxes of EUR 162 million, 66% lower than the same period of previous year, visibly affected by the effects of the ongoing global pandemic. The profit for the period decreased by 65% year-on-year to EUR 139 million.

For the first quarter of 2020, Hannover Re posted a net income attributable to the group of EUR 301 million, 2.5% higher than the same period of prior year. According to the reinsurer, the key drivers were double-digit increases in earnings from life and health reinsurance as well as from the investment portfolio.

For the first three months of 2020, AXA Group announced a 4% growth in revenues to EUR 31.7 billion. At group level, growth was seen in all business lines: Property & Casualty (+3%), Commercial lines (+5%), Health (+8%), Life & Savings (+4%), and Asset Management (+11%).

Bulgaria-based EUROINS Insurance Group (EIG) announced it completed the acquisition of RGO Belarus - a non-life subsidiary of Germany-based ERGO, part of MUNICH Re, after obtaining regulatory approvals from Ministry of Antimonopoly Regulation and Trade (MART) and Ministry of Finance.

Italian insurance group GENERALI confirmed the solid capital positiion and the targets for 2021, despite the effects of the Covid-19 pandemic, which are still uncertain at the moment.

For the first quarter of 2020, MAPFRE's net earnings were EUR 127 million, 32% lower than in the same period of the previous year. The result was dragged down by the earthquake suffered by Puerto Rico at the beginning of the fiscal year (EUR 54 million), and the effects of Storm Gloria in Spain (EUR 14 million). Emerging-country currencies have also had a negative impact, cutting more than EUR 6 million from the net result.

Aon ended the first three months of 2020 with a net income of USD 772 million, 17% higher when compared to the first quarter or prior year. However, "the first quarter 2020 financial results are not necessarily indicative of results that may be expected for the full year or any future period, particularly in light of the continuing effect of the COVID-19 outbreak," the company explained.

Last week, at the first virtual Annual General Meeting in the history of MUNICH Re, Annual General Meeting approves dividend proposal of EUR 9.80 per share, while Carsten SPOHR was elected to the Supervisory Board of the reinsurer.

NN Group announced an update of the composition of the Management Board (MB) as of 1 June. Bernhard KAUFMANN will join the MB as Chief Risk Officer (CRO) of NN Group. "Furthermore, given the growth of activities following recent acquisitions in the Netherlands, our Dutch businesses will be divided into two portfolios with separate responsibilities", as NN announced in a statement.

Dutch insurer ACMEA announced about a week ago that during the Annual General Meeting, the shareholders approved the appointment of Miriam van Dongen as a member of ACHMEA's Supervisory Board for a period of four years. The nomination has been approved by the Nederlandsche Bank. Additionally, the AGM has reappointed Wim de Weijer to the Supervisory Board for a period of four years.

CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced that due the severity of economic circumstances in Croatia and the world, caused by the coronavirus epidemic, the company will focus on maintaining liquidity and cutting costs.

AVIVA France has pledged a package of specific support measures to help customers and communities through the Covid-19 crisis and lockdown period. These range from premium and rent deferrals, to the creation of a solidarity fund for people who can't.

Polish insurer PZU informed the the Supervisory Board positively evaluated the group's Management Board's motion to PZU's Ordinary Shareholder Meeting on the distribution of PZU's net profit for the year ended 31 December 2019.

German insurance group ALLIANZ it has withdrawn its operating profit target for 2020 in light of uncertainty caused by the coronavirus pandemic, and said that it expects first-quarter net income to fall by around 30%.

Austrian VIENNA Insurance Group - VIG announced that the preliminary figures for 2019, which were released on 17 March 2020, have now been confirmed by the publication of the Group Annual Report. "Management is confident that the Group will weather the effects of the coronavirus crisis due to its solid capital base, the positive results recorded in previous years and the ongoing stringent implementation of the Agenda 2020 management programme".

At the end of the first quarter of 2020, Fairfax Financial Holdings announced a consolidated gross premiums written volume of USD 4,776 million, 1.0% more year-on-year. The net premiums written volume increased by 10.1% to USD 3,699.9 million.

Marsh & McLennan Companies (MMC) ended the first quarter of 2020 with a net income (attributable to the company) of USD 754 million, 5% more year-on-year. This results translates into USD 1.48 per diluted share (+6%) and USD 1.64 adjusted earnings per share (+8%).

For the first quarter of 2020, Swiss Re Group reported consolidated net premiums earned of USD 9,586 million, 7.3% more year-on-year. At the same time, the group registered a net loss of USD 225 million, reflecting the impact of the COVID-19 crisis on the underwriting and mark-to-market unfavourable valuation of Phoenix Group Holdings plc shares.

TURKER Re announced the appointment of Daniel STANKO as Regional Director for its European operations.

For the first quarter of 2020, SCOR, one of the largest global reinsurers, reported a consolidated net income of EUR 162 million, 23.7% higher that the same period of prior year.