News - Re/Insurance groups
TALANX CFO appointed to the Supervisory Board of DEUTSCHE Bahn
TALANX Chief Financial Officer Immo QUERNER was appointed to the Supervisory Board of Deutsche Bahn on Wednesday, 25 March, informed the German insurers on its website.
Lloyd's FY2019 results: capital management and solvency in strong position to respond to COVID-19
Lloyd's announced a return to profit of GBP 2.5 billion (pre-tax) for 2019, representing an improvement of GBP 3.5 billion on the previous year (2018: a loss of GBP 1.0 billion) and an 8.8% return on capital (2018: (3.7%)).
Guy Carpenter enters into strategic partnership with RiskGenius
Guy Carpenter announced that it has entered into a strategic relationship with RiskGenius, to revolutionize the detection and qualitative analysis of silent cyber exposure across various lines of business.
George WILLIAMS appointed Global Head of Client Support Services for Guy Carpenter & Co
Guy Carpenter & Company, LLC, the global risk and reinsurance specialist and a business of Marsh & McLennan Companies, announced today that George WILLIAMS has been appointed as Managing Director, Global Head of Client Support Services, effective immediately.
Gregor PILGRAM to become GENERALI Austria's new CEO
GENERALI CEE informed as of 1 May 2020 Gregor PILGRAM will become Chairman of the Board of Directors and Chief Executive Officer of GENERALI Versicherung, as well as GENERALI Group's Country Manager in Austria.
Maarten PERQUIN to succeed Frans van der ENT as the Chairman of ACHMEA Pension & Life
Maarten PERQUIN has been appointed as chairman of ACHMEA's Pension & Life division with effect from 1 May 2020. He is succeeding Frans van der ENT, who will be pursuing his career outside the company from this date.
Everest Re named Don Mango as Chief Risk Officer and Chief Actuary
Everest Re Group announced the promotion of Don Mango to Everest Group Chief Risk Officer and Chief Actuary effective March 30th.
WTW appointed Susan Finbow as Global Head of FINEX Financial Institutions
Willis Towers Watson announced the appointment of Susan Finbow as Global Head of FINEX (Financial, Executive and Professional Risks) Financial Institutions.
RMS appointed Michael Steel as Global Head of Business Development
RMS, the world's leading catastrophe risk modeling company, announced the appointment of Michael Steel as Global Head of Business Development, joining the RMS Executive Committee.
Vienna Insurance Group, FY2019: net result increased 23.2% year-on-year
At the end of 2019, for 12 months ended, Vienna Insurance Group (VIG) recorded a net result of EUR 331 million, 23.2% more compared to 2018. The result before tax was EUR 522 million, up 7.4% year-on-year.
VIG Re, FY2019: net profit remained stable at EUR 21 million
VIG Re, part of Vienna Insurance Group, closed the year 2019 with a net profit of EUR 21 million, staying at almost the same level recorded at the end of 2018. The profit before taxes was EUR 26 million, increasing slightly by EUR 65 thousand y-o-y.
Talanx, FY2019: net income climbed 31.3% y-o-y to EUR 923 million
Talanx Group ended 2019 with a consolidated net income of EUR 923 million, 31.3% more year-on-year, driven by increased earnings in all four main divisions of the group, particularly on Industrial Lines.
Aviva, FY2019: group's operating profit reached GBP 3.2 billion, up 6% y-o-y
Aviva ended year 2019 with a consolidated operating profit of GBP 3.2 billion, up 6% year-on-year, giving a rise to 8% growth in operating earnings per share to 60.5 pence (FY2018: 56.2 pence).
Generali, FY2019: operating result increased 6.9% to EUR 5.2 billion
Generali Group ended the year 2019 with a consolidated operating result of EUR 5,192 million, an increase of 6.9% compared to the previous year, thanks to positive performance on all main business segments.
Groupama, FY2019: operating income increased 38.6% to EUR 413 million
Over the year 2019, Groupama's consolidated premium income reached EUR 14.4 billion, 1.7% more year-on-year, supported by the 2.6% growth in France which compensated the 2.3% decrease in premiums recorded outside France.
IGI Receives Provisional NAIC Approval to Write U.S. E&S Business
International General Insurance Holdings Limited ("IGI" or the "Company") today announced that its Bermuda subsidiary, International General Insurance Company Ltd. ("IGI Bermuda"), has been granted provisional approval by the National Association of Insurance Commissioners (NAIC) to begin writing U.S. excess and surplus ("E&S") lines business effective April 1, 2020, pending execution of the IGI Bermuda U.S. E&S lines trust agreement which is currently in progress.
PZU SA appoints two new members at Management Board
PZU SA announced in March 2020 the appointments of Beata KOZLOWSKA-CHYLA and Malgorzata KOT to the Management Board of the company.
PZU President Pawel SUROWKA has resigned
On March 12, 2020, PZU announced the resignation of Pawel SUROWKA, President of PZU Group. During his leadership, PZU Group's net profit doubled, ROE increased by 40%, while the premiums written went up 20%.
Sampo, FY2019: net profit reached EUR 1.2 billion, sustained by If and Topdanmark activities
Sampo Group ended year 2019 with a profit before taxes of EUR 1,541 million, down 26% year-on year. The net profit of the group also shrunk by 30% to EUR 1,237 million.
Swiss Re and Microsoft join forces to create new products and services for the insurance industry
Swiss Re and Microsoft announced a strategic alliance aiming to launch Swiss Re's Digital Market Center, a platform which will help develop next-generation, large-scale tools to transform the way the insurance industry predicts and manages risks.
1 April 2020