News - Re/Insurance groups
AXA has completed the sale of its Ukrainian units
The French insurer AXA Group announced it has successfully completed the deal with FAIRFAX Financial Holdings Limited (Canada) to sell its Ukrainian units - the non-life entity (AXA Insurance) and life entity (AXA Insurance Life) - both based in Kyiv, as the Paris-based insurer has said in a statement.
20 February 2019AXA XL to cut over 700 jobs in Europe
AXA XL has presented the plan for its future target operating model and organizational structure of the business, which includes the reduction of 711 positions in Europe, out of a workforce of 9500 employees globally.
20 February 2019ALLIANZ reported highest net income in the last decade
German insurer ALLIANZ announced its FY2018 total revenues grew by 3.5% y-o-y, to EUR 130.6 billion, while the operating profit was up by 3.7% to EUR 11.5 billion "in the upper end of the Group's announced target range of EUR 10.6 billion to EUR 11.6 billion and the highest in our history".
20 February 2019Supervisory Board Chair NN Group steps down
NN Group announces that Jan HOLSBOER, chair of the Supervisory Board of NN Group, has decided to step down as of the close of the annual general meeting (AGM) on 29 May 2019. The Supervisory Board has elected David COLE as Jan HOLSBOER's successor.
20 February 2019VIG expands in Poland by acquiring stake in insurance association "TUW"
Vienna Insurance Group (VIG) has purchased the entire stake of France's MACIF-Group in TUW "TUW" through InterRisk Group company. This operation will increase the VIG's share in Polish non-life market to 7%, getting VIG closer to its 10% market share medium term goal.
20 February 2019Jean-Paul CONOSCENTE promoted to CEO of SCOR Global P&C and will join SCOR's executive committee
SCOR announced it has appointed Jean-Paul CONOSCENTE, currently CEO of Reinsurance at SCOR Global P&C, as Chief Executive Officer of SCOR Global P&C. Jean-Paul CONOSCENTE will also join the Group's Executive Committee. This appointment is effective April 1, 2019.
20 February 2019SCOR, FY2018: net income of EUR 322 million and 7% raise in GWP
The French re/insurance group SCOR has recorded GWP worth EUR 15,258 million in 2018, up 7.1% at constant exchange rates compared to 2017 (+3.2% at current exchange rates), a growth well balanced between the Life and P&C divisions and a "first" in its history.
20 February 2019FAIRFAX - Financial Results for the Year Ended December 31, 2018
18 February 2019AIG Reports Fourth Quarter 2018 Results
18 February 2019NN Group reports 4Q18 and 2018 results
18 February 2019KBC: Fourth-quarter result of 621 million euros
18 February 2019ERGO sold its non-life business in Russia to RESO-Garantia
ERGO Group AG announced the sale of 100% of its non-life business in Russia to RESO-Garantia. The parties have agreed not to disclose details of the purchase price.
14 February 2019TRIGLAV Group wants to expand in Macedonia's pensions insurance market
Slovenia's top insurer Zavarovalnica Triglav plans to expand its activity in the Macedonian private pensions market. The Group is already present on the local insurance market, with two companies.
14 February 2019SLOVENIA: GENERALI completes acquisition of Adriatic Slovenica and quadruples the share it holds in the market GWP
Adriatic Slovenica's acquisition by the GENERALI Group has been completed, the Italian group announced on 13 February. By this acquisition the Italian group increases its contribution to the
market GWP about four times, to aprox. 18%.
14 February 2019Peter CLARKE named VP & COO of FAIRFAX
FAIRFAX Financial Holdings Limited announced that Peter CLARKE has been appointed Vice President (VP) and Chief Operating Officer (COO) of FAIRFAX, reporting to FAIRFAX President, Paul RIVETT.
12 February 2019AON appoints Lambros LAMBROU as global CEO of Commercial Risk Solutions
Global re/insurance broker AON has named veteran AON leader, Lambros LAMBROU as Global Chief Executive Officer (CEO) of its Commercial Risk Solutions division.
12 February 2019TALANX FY2018 net income beat year-end outlook depite large losses in industrial fire LoB
Hannover-based insurer TALANX Group informed it has achieved FY2018 Group net income of EUR 703 million vs. EUR 670 million a year before, in line with "the outlook of around EUR 700 million published in October 2018".
12 February 2019ZURICH FY2018 BOP up by 20% to USD 4.6 billion and NIAS was up by 24% to USD 3.71 billion
ZURICH Insurance Group reported 2018 BOP of USD 4.56 billion vs. USD 3.80 billion a year before, while the net income after tax attributable to shareholders (NIAS) was up by 24% to USD 3.71 billion.
12 February 2019METLIFE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 RESULTS
11 February 2019Swiss Re Corporate Solutions launches CyberSolution 360
Swiss Re Corporate Solutions expanded its cyber offering by launching CyberSolution 360
7 February 2019
