News - Re/Insurance groups
UNIQA confirms the acquisition of the AXA subsidiaries in Poland, Czech Republic and Slovakia
UNIQA confirmed purchasing AXA subsidiaries in Poland, Czech Republic and Slovakia growth markets, in an operation that will bring the Austrian group 5 million new customers and EUR 800 million in additional premiums for a purchase price of around EUR 1 billion.
10 February 2020AXA Group set to leave its last three CEE markets in the portfolio, market rumours say
French group AXA is in advanced talks to sell its CEE operations to Austria's Uniqa Insurance Group AG, said Bloomberg quoting people familiar with the matter and thus putting again under the limelight a market rumour started in the fall of 2019.
6 February 2020MetLife, FY2019: Consolidated net income grew 15% reaching USD 5.7 billion
At the end of December 2019, MetLife reported net income of USD 5.7 billion for the full year (+15%) and a net income of USD 536 million (-73%) in the last quarter alone.
6 February 2020Hannover Re increases premium volume in 1 January renewals and confirms guidance for 2020
Hannover Re grew its premium volume in traditional property and casualty reinsurance by 14.0% adjusted for exchange rate effects in the treaty renewals as at 1 January 2020. The price increase for the renewed business amounted to 2.3%.
5 February 2020PZU headquarters to be relocated starting 2022, to offer employees a better work environment
After 20 years, the PZU Group leaves the PZU Tower in Warsaw. The largest Polish insurer has signed a letter of intent with the Skanska Group, which assumes renting space in the Generation Park complex. Several thousand PZU employees will move to the headquarters temporary location in the second quarter of 2022.
4 February 2020Aon acquires Canadian cyber security firm
Aon plc announced the acquisition of Cytelligence Inc, a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services and cyber security training for employees to help organizations respond to cyber security threats and strengthen their security position.
4 February 2020QIC, FY2019: net profit reached USD 184 million, up 1.1%
Qatar Insurance Company (QIC) closed year 2019 with a net profit of USD 184 million, 1.1% higher than 2018's level (FY2018: USD 182 million).
3 February 2020MMC, FY2019: consolidated revenue went up 11.4 percent
Marsh & McLennan Companies (MMC) reported financial results for the fourth quarter and year ended December 31, 2019.
31 January 2020Aon, 4Q2019: consolidated revenues increased 4% to USD 2.9 billion
Aon announced the 2019 results of the fourth quarter and the full year. The figures of the fourth quarter (3 months) show an increase of 4% in the consolidated revenues, to USD 2.885 billion (4Q2018: USD 2.770 billion).
31 January 2020Matthieu Andre joins AXA's Architas Holding as the new CEO
AXA announced the appointment of Matthieu Andre, currently Deputy CEO and Chief Strategic Development Officer of AXA Europe, as CEO of Architas Holding. This appointment will be effective March 1, 2020, and subject to any required regulatory approval.
30 January 2020Yanko NIKOLOV appointed as Chairman of the Managing Board of EUROINS Ukraine
On January 22, 2020, Yanko NIKOLOV was appointed as a Chairman of the Managing Board of EUROINS Ukraine.
29 January 2020Sir Adrian MONTAGUE to retire as Chairman of AVIVA
AVIVA announced that Sir Adrian MONTAGUE has informed the Board of his intention to retire as Chairman of the Company in 2020 once a successor has been appointed.
27 January 2020LLOYD's appoints Angela CRAWFORD-INGLE to the Board as Chair of Audit Committee
LLOYD's announced the appointment of Angela CRAWFORD-INGLE as a new Board member who succeeds Richard KEERS as Chair of the Audit Committee, effective immediately.
27 January 2020AGCS promotes HAAGEN to Specialty CUO and Board member
ALLIANZ Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of ALLIANZ Group, appoints Henning HAAGEN as Chief Underwriting Officer Specialty and member of the Board of Management, subject to regulatory approval. Effective March 1, 2020, HAAGEN will succeed Paul O'Neill, who left AGCS in September 2019.
27 January 2020CCR Re appoints Bertrand PETRAS as Vice President
On January 27, 2020, CCR Re has announced the appointment of Bertrand PETRAS as Vice President of the company.
27 January 2020Artur KLINGER appointed as Everest Re Managing Director of Continental Europe
Everest Re Group has announced that Artur KLINGER will join the Everest Reinsurance Division ("Everest Re") during mid-to-late 2020 as Managing Director of Continental Europe, succeeding Stephan KNIPPER who will retire after 33 years in the industry.
27 January 2020Toby Srihiran Brown named MetLife Chief Auditor
On January 22, 2020, MetLife announced that Toby Srihiran Brown will become executive vice president and Chief Auditor, effective March 1 current year.
23 January 2020TransRe announced changes inside underwriting team
On January 21, 2020, TransRe announced a series of changes within its underwriting structure and promoted a number of key leaders.
23 January 2020Willis Re appoints head of International Casualty Reinsurance
Willis Re recently announced the appointments of Cameron Green as head of International Casualty Reinsurance practice and John Philipsz as CEO of Willis Re Australia. Both appointments are effective as of 1 January 2020. Cameron and John will continue to be based in Sydney.
23 January 2020LLOYD's announced changes: Jon HANCOCK to leave in 2020; Julia Tyson appointed as CHRO; Jo SCOTT promoted
LLOYD's recently announced that Jon HANCOCK has decided to step down as Performance Management Director in 2020.
21 January 2020
