News - Re/Insurance groups
Lloyd's, 1H2019: pre-tax profit of GBP 2.3 billion
Lloyd's profit before tax for the period was GBP 2.3 billion, almost four times more y-o-y, underpinned by a combined ratio of 98.8% and investment income of GBP 2.3 billion.
Sirius Group appoints Florian BOECKER as Head of Life Reinsurance
Sirius Group appointed Florian BOECKER in the newly created role of Head of Life Reinsurance, a natural extension of Sirius Group's existing Global Accident & Health ("A&H") business.
Zurich appoints Peter GIGER as Group Chief Risk Officer
Zurich Insurance Group announced that Peter GIGER will join the Group on October 1, 2019, as Group Chief Risk Officer and a member of Zurich's Executive Committee. The appointment is subject to regulatory approval.
RobecoSAM: Allianz SE leads the insurance industry in terms of sustainability
September 2019 results of SAM Corporate Sustainability Assessment (CSA) have placed the German Allianz insurer on the first place, based on its overall measured score.
Hungarian UNION VIG appoints Gabriella ALMASSY as General Manager
The Supervisory Board of the Hungarian VIG Group company UNION Vienna Insurance Group Biztosito Zrt. has appointed Gabriella ALMASSY the new General Manager of the company effective 1 January 2020.
Trust Re changes its Executive Management team
Trust Re announced the strengthening of its Executive Management team, thus forming its new Executive Committee. The nominations have been approved by The Central Bank of Bahrain, and are part of Trust Re's strategic plans.
David PRIEBE appointed as Chairman of Guy Carpenter
Guy Carpenter announced a key leadership change to further its growth strategy. David PRIEBE has been appointed to the role of Chairman of Guy Carpenter, effective immediately.
New changes in VIG's Managing Boards
In recognition of his dedicated effort and outstanding leadership in Poland, Romania, the Baltic States, the Ukraine and Moldovia, Franz Fuchs will be named Deputy General Manager on 1 October 2019. Three new members with extensive international experience in the Group - Gerhard Lahner, Gabor LEHEL and Harald RIENER - will join the Managing Board as of 1 January 2020. Judit HAVASI will resign from the VIG Managing Board at the end of 2019.
Standard & Poor's affirms "AA-" rating with stable outlook for SCOR
SCOR has been informed of the decision by Standard & Poor's (S&P) to affirm the financial strength rating for the Group and its main subsidiaries at "AA-", with a "stable outlook", and to maintain the counterparty credit ratings at "AA-/A-1+".
Aon: ARA reinsurers net profit went up by 44% y-o-y
Aon published its half-year ARA (Aon's Reinsurance Aggregate) report on the global reinsurance market. The report shows strong earnings among the top reinsurance companies, driven by premium growth, a small incidence of major losses and improved investment results.
CCR Group, 1H2019: two-digit increase for the international business
France-based CCR Group released its first half of 2019 report. CCR, the public-sector reinsurer, reported a total amount of EUR 929 million written premiums (+3.5% y-o-y), while CCR RE, the global branch of the group, a total premium volume of EUR 441 million (+16% y-o-y).
Vienna Insurance Group expands its footprint in the Northern Europe
Vienna Insurance Group (VIG) starts operating in Sweden, Norway, Denmark and Finland. A locally established team of VIG underwriters will be offering insurance solutions to corporate customers through brokers, the Austrian group has announced.
AVIVA appoints ZURICH executive as COO
AVIVA has announced the appointment of Erica ARNOLD to the new role of Chief Operating Officer, reporting to Maurice TULLOCH.
JLT Re's David FLANDRO to join Hyperion X Analytics
David FLANDRO joins Hyperion X as Managing Director of Analytics, Reinsurance News informs. FLANDRO previously held the role of Global Head of Analytics of JLT Re.
GROUPAMA, 1H2019: premium income of EUR 9.5 billion, sustained by the French business
France-based Groupama Group reported a total premium income of EUR 9,459 million for the first six months of 2019, showing an increase of 1.0% year-on-year, mostly sustained by French business, which grew by 1.9%.
VIG won the first place among insurance companies in BEST RECRUITERS annual ranking
BEST RECRUITERS tested recruiting measures of 1,311 organisations in the German-speaking countries. Vienna Insurance Group (VIG) emerged as industry winner of insurances in Germany, Austria, Switzerland and Liechtenstein.
Swedbank names frontrunner Henriksson new CEO in bid to rebuild trust
David BENEDEK joins the Management Board of Zavarovalnica Triglav
On 29 August 2019, Zavarovalnica Triglav announced that David BENEDEK has assumed the office on the Management Board of Zavarovalnica Triglav, for a five-year term.
Andy TAYLOR will be the new CUO of TransRe
TransRe has appointed Andy TAYLOR as Chief Underwriting Officer for the London, Continental Europe, Middle East, Africa and Asia Pacific businesses.
Julie SWEET appointed as CEO of Accenture
Julie SWEET was assigned the role of Chief Executive Officer of Accenture, joining the company's board of directors. She succeeds David ROWLAND, who was assigned as interim Chief Executive Officer on January 10th.
26 September 2019