News - Re/Insurance groups
MUNICH Re: Proposals for election to the Supervisory Board
Nikolaus von Bomhard (62) was nominated for election to the MUNICH RE's Supervisory Board at the Annual General Meeting, on 30 April 2019, and also recommended to succeed Bernd Pischetsrieder as Chairman of the Supervisory Board.
MUNICH Re's outlook for 2019: Group profit guidance of around EUR 2.5 billion
MUNICH Re is aiming for a profit increase of EUR 200 million to around EUR 2.5 billion for the current year, of which around EUR 2.1 billion comes from reinsurance and around EUR 0.4 billion from ERGO.
EUROHOLD increases share capital by BGN 80 million
Bulgaria-based Eurohold plans to increase its share capital by BGN 80 million through preferred shares, the new total reaching BGN 277 million. The capital growth will help the company to reduce its debt and support expansion plans.
TALANX announced finalization of generational renewal at Board level
The German insurer TALANX announced the Supervisory Board has completed the generational shift at Board level.
UNIQA gradually drops investments in coal-based industry
UNIQA Group wants to completely withdraw its capital market investments related to coal industry. UNIQA Austria states that at the end of January 2019, its investment portfolio was already coal-free.
TALANX boosts 2018 key indicators despite heavy Q4 Nat Cat losses; confirms 2019 targets
Hanoover-based insurer TALANX reported impressive FY2018 results, despite heavy Q4 Nat Cat losses, as the company reported in a statement.
VIG, 2018: top results for premiums and profit before taxes
Vienna Insurance Group (VIG) published its 2018 annual report. The Group's overall result shows increases on premiums volume, profit increases and a reduced combined ratio.
Achmea result before tax increases to EUR 566 million
LLOYD's named Hayley SPINK as Head of Global Operations
LLOYD's aanounced the appointment of Hayley SPINK as Head of Global Operations. She takes over from Joe DAINTY, who leaves LLOYD's in March to join DXC.
MetLife announced leadership changes as part of CEO transition
MetLife announced a series of changes to its senior leadership ranks in connection with its CEO transition, all of which are effective May 1, 2019. In January 2019, the BoD announced that Michel KHALAF, President, U.S. Business and EMEA, will become MetLife's President, CEO and Member of the Board effective May 1, replacing Steven KANDARIAN, who is retiring.
Mark HILES left MARSH to join WTW's CEEMEA management team
Willis Towers Watson one of the largest re/insurance broker in the world announced it named Mark HILES as Head of Power and Utilities for the Central and Eastern Europe, Middle East and Africa (CEEMEA) region.
PZU Group, FY2018: the highest annual net profit for 5 years
In 2018, PZU recorded a profit of PLN 5.4 billion at Group level, while parent company profit was PLN 3.2 billion (+11.0%). Total GWP reached PLN 23.5 billion (+2.7%) in 2018.
GENERALI Group results for year 2018
In 2018, GENERALI Group operating result reached EUR 4,857 million (+3.0%), with a net profit of EUR 2,309 mil. (+9.4%). The total gross written premiums (GWP) of the Group amounted EUR 66,691 mil. (+4.9%).
Sava Re's FY2018 net profit rises 38% y-o-y 14 March 2019
The Sava Re Group ended 2018 with a net profit of EUR 43 million, delivering a 13.1% return on equity. In 2018, the Group's equity grew by 7.6% to EUR 340.2 million as of December 31, 2018. The Group's net technical provisions stood at EUR 1.1 billion.
Aviva plc 2018 preliminary results.
TRIGLAV Group, FY2018: 15% increase in the gross profit and growth in all insurance markets and segments
According to unaudited data, TRIGLAV Group booked EUR 1,068 million in GWP, 7% more y-o-y, and achieved profit before tax of EUR 97.5 million (15% up y-o-y). Premium growth was recorded in all insurance markets and segments, while the Group strengthened its leading position in the region.
JUNGSTHOFEL and WARKENTIN have been appointed to the Management Board of HDI Service AG
German insurer TALANX Group announced it provides greater integration of HDI Service AG, responsible for Human Resources, Internal Services, Purchasing and Accounting, with the operating divisions in Germany.
New appointments made inside AXA CZ & SK
Starting with March 2019, AXA Group will have a new Chief Risk Officer and a new Chief Technical Insurance Officer operating inside Czech Republic and Slovakia. The changes are waiting for regulator's approvals.
HANNOVER Re appointed Silke SEHM to Executive Board
The Supervisory Board of HANNOVER Re has appointed Silke SEHM as a full member of the Executive Board with immediate effect. She succeeds Jurgen GRABER, who passed away unexpectedly on 9 November 2018.
Unconfirmed rumors: AON will not buy its rival WTW
"Re/insurance brokerage Aon in talks to buy rival Willis Towers Watson" - titled international financial media in the past days. Yesterday, AON confirmed that it does not intend to pursue a deal to acquire rival broker Willis Towers Watson.
27 March 2019