News - Re/Insurance groups
Luciano CIRINA: Austria, CEE & Russia, a growth engine for the group
"I'm proud to say that we are a significant profit engine for the Group: as a matter of fact we are the second biggest net profit contributor in 2018. We have a proven track record of profitable growth and we are the most profitable insurance Group in the region. We are ready to capture market opportunities, thanks to our strong market position and a highly efficient regional platform", according to an interview with Luciano CIRINA, Austria, CEE & Russia Regional Officer and CEO of GENERALI CEE Holding published on the insurer' website.
3 CEO appointments in Allianz Global and German branches
Allianz Global Corporate & Specialty SE (AGCS) and Allianz Deutschland AG announced leadership changes, to take effect from 1 December 2019, subject to regulatory approval.
Allianz and Microsoft partner to innovate insurance industry
Microsoft will team up with Allianz and Syncier, the B2B2X insurtech founded by Allianz, to offer new digital solutions aiming to reduce costs and improve the portfolio management process.
Allianz receives regulator approval to begin operations in China
China Banking and Insurance Regulatory Commission (CBIRC) approved Allianz request to conduct operations in world's fastest growing economy.
Sampo Group, 9M2019: insurance premiums up 6.8%
From January to September 2019, Sampo Group accumulated a profit before taxes of EUR 1,073 million, 34.7% smaller than the same period of prior year.
Lloyd's to create single governing body
Lloyd's has informed that it will merge the Council with the Franchise Board from June 2020 to create a unified governing body, after receiving widespread support from across the market.
GENERALI launched ARTE GENERALI a global business unit dedicated to art collectors
Italian insurer GENERALI annouced the launch of ARTE GENERALI, a global business unit dedicated to art collectors. "ARTE GENERALI is a suite of prevention, protection and insurance solutions for art collectors, integrated with unmatched services and cutting-edge technology", mentioned the Italian insurer in a press release.
GOLDMAN SACHS buys shares of insurance group AXA
French insurance group AXA announced it sells 144 million shares in its US subsidiary AXA Equitable Holdings (EQH) to the investment company GOLDMAN SACHS which acted as the sole underwriter of a registered public offering of the AXA Group.
PartnerRe, 9M2019: net income close to USD 1 billion
Net income available to common shareholder was USD 998 million for the first nine months of 2019, showing a solid result compared to the USD (101) million net income registered in the first nine months of 2018.
NN Group, 3Q2019: net result of EUR 515 million
For the third quarter of 2019, NN Group net result amounted EUR 515 million, showing a decrease of 34.6% year-on-year, reflecting lower non-operating items.
PZU Group results after the third quarter of 2019 at record breaking level
The PZU Group saw in 3Q 2019 record-breaking sales, with GWP amounting to PLN 17.5 billion (EUR 4 billion). At the same time, the net result on insurance activity reached PLN 1.99 billion (EUR 455 million), the best in five years.
Triglav Group's results as at the end of 3Q confirm the annual profit guidance
In the first nine months of 2019, Triglav Group posted a total of EUR 905 million in consolidated GWP, or 10% more y-o-y, and reached a profit before tax of EUR 72 million, up by 3% y-o-y. Taking into account the conditions anticipated until the end of the year, the Group confirms its annual profit guidance.
Swiss Re Corporate Solutions appointed Loredana MAZZOLENI NEGLEN as Head of Customer Experience & Global Sales Steering
Swiss Re Corporate Solutions (SRCS) appoints Loredana MAZZOLENI NEGLEN as Head Customer Experience & Global Sales Steering, effective 1 February 2020. In this newly created role, she will be responsible for supporting SRCS to better understand and address its customers' needs and pain points, and deliver a better Customer Experience.
Zurich Insurance Group, 9M2019: P&C business lines premiums grew 7%
For the first nine months of 2019, Zurich Insurance Group (Zurich) Property and Casualty (P&C) amounted USD 26.4 billion (up 7%), while the Life annual premium equivalent was USD 3.2 billion (down 6%).
Talanx Group, 3Q2019: operating profit up 139%
For the third quarter of 2019, Talanx Group consolidated operating profit reached EUR 619 million, increasing by 139% year-on-year. The first nine months operating profit was EUR 1,863 million (+26.7%).
ERGO, 3Q2019: EUR 119 million profit sustained by outside Germany activities
In the third quarter of 2019, ERGO consolidated profit decreased to EUR 119 million (-31.4%), while the first nine months profit was positive but smaller too, amounting EUR 339 million (-5.4%).
Allianz Global Investors changes leadership
Allianz Global Investors (AllianzGI) has announced the retirement of Andreas UTERMANN from the position of CEO, to take effect on January 1st, 2020.
Jan-Hendrik ERASMUS leaves NN for AVIVA
Jan-Hendrik ERASMUS, current Chief Risk Officer (CRO) of NN Group will join Aviva plc as Group Chief Risk Officer.
VIG and Wiener Stadtische connect with Silicon Valley
Vienna Insurance Group (VIG) and Wiener Stadtische are the new "Founding Partner" of the leading global innovation platform, Plug and Play, in Silicon Valley.
Hannover Re, 9M2019: net income up by 38.3%
From January to September 2019, Hannover Re registered a net income of EUR 1,003.2 million, 38.3% higher year-on-year (9M2018: EUR 725.3 million).
18 November 2019