News - Re/Insurance groups
AXA, 1H2019: gross revenues amounted EUR 58 billion, up 8.1% y-o-y
AXA consolidated gross revenues amounted to EUR 57,949 million at the end of 30 June 2019, up by 8.1% y-o-y on a reported basis and up by 4.0% y-o-y on a comparable basis, compared to 30 June 2018.
12 August 2019Partner Re, 1H2019: total GWP volume rose by 15.6%
Partner Re reported a net income of USD 805 million for the first half of 2019, a significant increase compared to first half of 2018 (USD 28 million). Net income available to common shareholder was USD 782 million (1H2018: USD 5 million).
12 August 2019MMC, 1H2019: operating income maintained solid, reaching USD 1.6 billion
Marsh & McLennan Companies, Inc. (NYSE: MMC) consolidated revenue was USD 4.3 billion, an increase of 16% compared with the second quarter of 2018. Underlying revenue grew 4% compared to a year ago.
8 August 2019Aon, 2Q2019: total revenue increased 2% to USD 2.6 billion
Total revenue of Aon plc (NYSE: AON) in the second quarter increased 2% to USD 2.6 billion compared to the prior year period, driven by 6% organic revenue growth, partially offset by unfavorable impact from foreign currency translation and divestitures, net of acquisitions.
8 August 2019Hannover Re, 1H2019: net income rose by 19.3%
Hannover Re reported EUR 663 million net income for the first half-year of 2019, which represents an increase of 19.3% compared to the same period of prior year net income.
8 August 2019Munich Re, 1H2019: consolidated result reached EUR 1.6 billion, 4.6% higher y-o-y
Munich Re consolidated result reached EUR 1.6 billion (+4.6% y-o-y) in the first half of 2019, while the second quarter of 2019 consolidated result alone amounted EUR 1.0 billion (+36.4% y-o-y).
7 August 2019Swiss Re, 1H2019: USD 953 million net income, supported by reinsurance and investment activity
For the first six months of 2019, Swiss Re reported a total net income of USD 953 million, 5.3% smaller y-o-y due to large losses in Corporate Solutions branch, lightened by the positive growths in reinsurance segments.
7 August 2019SCOR, 1H2019: net income rose by 9.2%
SCOR reported a net income of EUR 286 million for the first half-year of 2019 (+9.2%, when compared to 1H2018), achieving the targets set by company's "Vision in Action" strategic plan.
7 August 2019Slovenian Groups TRIGLAV and SAVA Re rated "a" by the Standard&Poor's agency
In July 2019, S&P announced it has reaffirmed the "A" Long-Term Credit Rating and Financial Strength Rating of TRIGLAV Group and affirmed the financial strength rating of SAVA Re Group to "A". Both ratings have a stable medium-term outlook and are valid also for the groups' parent companies and subsidiaries.
7 August 2019Standard & Poor's Affirm "A" Credit Rating of Sava Re d.d. and Zavarovalnica Sava, d.d. (Outlook Stable)
Following their regular annual review in July 2019, Standard & Poor's have affirmed the financial strength rating "A" (excellent) of Sava Re d.d. and Zavarovalnica Sava, d.d., with the medium-term outlook being stable.
6 August 2019Profit of HRK 208 million for CO Group at end-June
In the first six months of 2019, CO Group recorded net profit amounting to HRK 208 million (~EUR 27.5 million). At the same time, gross written premium at CO Group level amounted to HRK 1,981 million (~EUR 264 million) and was 1% lower compared to last year.
6 August 2019Generali, 1H2019: Net profit rose by 34.6%
Generali Group published the consolidated financial report for the first 6 months of 2019. The Group's net profit reached EUR 1.8 billion, 34.6 percent more than the half-year of 2018 profit.
6 August 2019Allianz, 1H2019: operating profit grew by 6.4% y-o-y
Allianz Group operating profit for the first half of 2019 reached EUR 6.1 billion (+6.4%), staying above the mid-point of Allianz full-year target range, the company said. The second quarter operating profit increased as well, reaching EUR 3.2 billion (5.4% more y-o-y).
6 August 2019AXA XL names Simona FUMAGALLI Head of International Financial Lines, Europe
AXA XL Insurance announced the appointment of Simona FUMAGALLI to Head of International Financial Lines, Europe, based in Milan.
5 August 2019MMC elects Tamara INGRAM to BoD
Global re/insurance brokerage Marsh & McLennan Companies (MMC) announced its BoD has elected Tamara INGRAM as director effective July 19, 2019. With Tamara INGRAM's election, the Company's Board will consist of 13 directors.
5 August 2019AXA XL announces key appointments to London Reinsurance team
AXA XL, the property, casualty and specialty risk division of AXA announced three senior appointments to the London Reinsurance team, Megan KEMPE, Nick PASCALL and Conor GAFFNEY. The appointees will be based in London and report to Rob LITTLEMORE, CEO of London Reinsurance.
5 August 2019GENERALI to expand presence in Portugal with EUR 600 million acquisition
The Italian insurer, GENERALI announced the acquisition of a local insurance company and service platform from APOLLO GLOBAL MANAGEMENT. The purchase makes GENERALI the second largest non-life group in the country with a market share of 18.7% and the third largest player in the whole market.
5 August 2019MUNICH Re estimates H1 industry NatCat losses at USD 15 billion
Global reinsurer MUNICH Re has estimated that insured losses resulting from natural catastrophes totaled USD 15 billion in the first half of 2019, below the long-term average of USD 18 billion.
5 August 2019A+ with stable outlook - Standard & Poor's confirms excellent rating for Vienna Insurance Group (VIG)
On 30 July 2019, the international rating agency Standard & Poor's (S&P) again confirmed its rating for Vienna Insurance Group of A+ with stable outlook in a press release.
5 August 2019Ales MIRNIK appointed as VIG Re Head of CEE
After five years of service Petr STEPAN decided to pursue new career opportunities outside of VIG Group. He will be succeeded by Ales MIRNIK, who joins VIG Re as the new Head of Central & Eastern Europe department effective 8th of August 2019.
19 July 2019
