News - Re/Insurance groups
Hannover Re grows at stable conditions in treaty renewals as at 1 January 2019; Guidance for 2018 and 2019 confirmed
Against a backdrop of modestly improved conditions from an overall perspective, Hannover Re increased its premium volume in traditional property and casualty reinsurance by 15.4% on a currency-adjusted basis to EUR 6.4 billion (EUR 5.6 billion) in the 1 January 2019 treaty renewals.
7 February 2019GENERALI to extend its assistance services in US
Italian insurer GENERALI informed that its assistance provider in insurance field - EUROP ASSISTANCE -has acquired from Arthur GALLAGHER a 100% stake of TRIP MATE, a managing general agent leader in the tour operator travel insurance market in the United States.
7 February 2019Lloyd's of London appoints ALLIANZ's Burkhard KEESE as CFO
Burkhard KEESE has been confirmed as the Chief Financial Officer (CFO) of Lloyd's following the unanimous approval of his appointment as successor to John PARRY by the Council of Lloyd's.
7 February 2019David DUCLOS appointed Non Executive Chairman of LLOYDS Global Network
LLOYD's announced in a statement the appointment of David DUCLOS as Non-Executive Chairman of LLOYD's Global Network, where "he will play a key advisory role in the development of Lloyd's international network. David will take up the position at Lloyd's immediately".
7 February 2019ZURICH proposes Michael HALBHERR and Barry STOWE for election to the Group's BoD
ZURICH Insurance Group announced that the Board of Directors will propose to elect Michael HALBHERR and Barry STOWE to the Group's Board of Directors. The election will take place at the Annual General Meeting on April 3, 2019.
7 February 2019SCOR grows reinsurance premiums 9.7% in a more favorable market; expected profitability stable
SCOR grew P&C reinsurance premiums by 9.7% at constant exchange rates at the January 2019 renewals, to EUR 3.2 billion. The outcome of these renewals is in line with the September update of the group's strategic plan growth assumption for SCOR Global P&C, at 5%-8% p.a.
7 February 2019MUNICH Re reported 2018 net profit in line with its target and stable pricing at 1 January
MUNICH Re informed its Q profits fell by 56% y-o-y to EUR 238 million, impacted by the California wildfires in November and volatile financial markets towards the end of year. The group's FY 2018 net profit of EUR 2.2 billion is in line with its target of EUR 2.1 - 2.5 billion.
7 February 2019ERGO Group appoints a Polish manager
Adam ROMAN, board member of Ergo Hestia (Poland), will hold the position of Head of Global P&C of the ERGO group, effective 1 March. His tasks will include supervision over property insurance of the group in the areas of underwriting, actuarial and pricing, as well as reinsurance.
7 February 2019CHUBB Reports Fourth quarter net income of USD 355 million
6 February 2019BULGARIA: EUROHOLD turned on profit in 2018
Bulgarian EUROHOLD -owner of EUROINS Insurance Group (EIG) - announced in its preliminary financial report for 2018 - a positive financial result in amount of BGN 1.7 million (EUR 871,800) versus a loss of BGN 17.3 million (EUR 8.84 million) for the comparable period last year.
5 February 2019MMC announced increases for annual and quarterly revenues
Marsh & McLennan Companies - MMC - announced its Q4 2018 aggregate revenue was USD 3.71 billion (vs. USD 3.68 billion), while the same indicator for FY 2018 was USD 14.95 billion (vs. USD 14.02 billion).
5 February 2019Tom FITZGERALD is leaving AON after 27 years of service
The global re/insurance broker AON informed that Tom FITZGERALD is leaving the company after 27 years of service.
5 February 2019The new revenue recognition standard affects the AON Q4 indicators
Re/insurance broker AON announced its Q4 revenue decreased USD 139 million to USD 2.77 billion mainly "related to adoption of the new revenue recognition standard", as the company mentioned in a statement.
5 February 2019AXA appointed Ulrike Decoene as Group Head of Communicationsand Brand
AXA announced the appointment of Ulrike DECOENE, currently Chief of
Staff to Thomas Buberl, CEO of AXA, as Group Head of Communications and
Brand of AXA. In her new role, she will continue to report to Thomas
Buberl.
31 January 2019The AXA Group has launched a new entity, AXA Next
On January 1st, 2019, AXA launched "AXA Next", an entity which is expected to bring new services and insurance coverage for AXA customers, speeding up the pace of innovation for the French group to become a true partner for its customers rather than a payer of claims.
31 January 2019ZURICH announces winners of its inaugural global InsurTech competition
Chisel AI is the Gold winner in the first ZURICH Innovation World Championship for its work that aims to improve processing of unstructured data sources using AI technology, ZURICH Insurance Group announced. Zesty.ai was the Silver winner, and LifeNome and Soldier.ly were named shared Bronze winners.
31 January 2019Vienna Insurance Group's first internal start-up launched
Vienna Insurance Group (VIG) has launched its first internal corporate start-up, the "viesure innovation center" (viesure). Managed by VIG's largest Group company, Wiener Stadtische Versicherung, the new company will focus on emerging trends in customer service.
31 January 2019Gunther SAACKE to step down as CEO of QATAR Re
Gunther SAACKE has informed the BoD of QATAR Re of his intention to step down as CEO of the reinsurer at the next Board meeting, scheduled for March.
30 January 2019AIG Appoints Global Head of Accident & Health
American International Group announced the appointment of Edward LEVIN as Global Head of Accident & Health, General Insurance.
30 January 2019Lloyd's appoints former US Senator as new member of the Council
Lloyd's announced the appointment of former United States Senator John SUNUNU as a new member of its Council for a three-year term, beginning February 6, 2019.
30 January 2019
