News - Re/Insurance groups
ACHMEA completes the sale of its Irish life insurer to AVIVA
Dutch insurer ACHMEA announced the closing of the sale of its Irish life insurer FRIENDS FIRST to AVIVA group plc.
6 June 2018EIG Q1 GWP down to EUR 76.5 million due to the 22% Romanian business decrease
The Bulgarian financial holding EUROHOLD reported a Q1 2018 net consolidated profit of BGN 0.8 million (EUR 0.4 million), representing a 49% decline compared to a profit of BGN 1.6 million for the first quarter of 2017.
6 June 2018ERGO appointed the former head of PZU Ukraine as CEO of its Russian non-life unit
Subject to official approval, ERGO International has appointed Maciej SZYSZKO to be the new Chief Executive Officer for ERGO non-life business in Russia.
6 June 2018UniCredit signs strategic Bancassurance partnerships with ALLIANZ and GENERALI in CEE
UniCredit announced it has signed two exclusive strategic partnership agreements with ALLIANZ and GENERALI for the distribution of insurance products for individuals and small-businesses in nine CEE markets.
6 June 2018Generali and UniCredit: Strategic bancassurance partnership in CEE
5 June 2018Allianz and UniCredit sign long-term strategic bancassurance partnership in Central and Eastern Europe
5 June 2018PZU Group, 1Q2018: record sales of insurance and net profit exceeding PLN 1 billion
The PZU Group opened 2018 with record sales of insurance, Q1 GWP amounting to PLN 5.83 billion (EUR 1.38 billion), which is the best result in the Group's history. The consolidated quarterly net profit of the PZU Group once again exceeded PLN 1 billion (EUR 237.6 million).
31 May 2018Elaine SARSYNSKI to replace Deanna OPPENHEIMER on AXA's BoD
French insurer AXA announced Elaine SARSYNSKI is appointed director to replace Deanna OPPENHEIMER on AXA's Board of Directors.
31 May 2018AON appointed Karl HENNESSY as CEO of new Carrier Solutions groups
Re/insurance broker AON announced the appointment of Karl HENNESSY as CEO of the company's newly created Carrier Solutions group.
31 May 2018UNIQA Q1 EBT more than doubled to EUR 73.9 million
Austrian insurer UNIQA announced its Q1 premiums increased by 1.6% y-o-y to EUR 1.53 billion while the EBT more than doubled increasing by 122.9% to EUR 73.9 million.
31 May 2018Aon: changes in the leadership structure following restructure
Aon plc announced today that Andrew MARCELL has been appointed CEO of Reinsurance Solutions. Prior to the today change, Eric ANDERSEN, CEO of Aon Benfield, and Michael O'CONNOR, CEO of Aon Risk Solutions, have been appointed Co-Presidents on 15 May.
31 May 2018Allianz Group acquires 8 percent stake in African Reinsurance Corporation
Allianz Group has signed an agreement to acquire 8 percent in Africa's leading reinsurer Africa Re. Under the terms of the agreement, the total cash consideration payable at closing would amount to USD 81 million (or 69 million euros).
30 May 2018SAVA Re's shareholders will receive EUR 0.80 gross per share dividents for 2017
SAVA Re's shareholders will receive dividends of EUR 0.80 gross per share, to be paid, on 14 June 2018, to the shareholders entered in the shareholders' register as at 13 June 2018, the 34th general meeting of shareholders decided on 29 May.
30 May 2018Swiss Re and SoftBank end discussions about potential minority investment
Global reinsurance giant Swiss Re and Japan's SoftBank Group have agreed to end discussions about a potential minority investment of SoftBank in Swiss Re, as the reinsurer announced in a statement.
29 May 2018SAVA Re Group, 1Q2018: premiums up 4.4% and pre-tax profit of EUR 6.6 million
SAVA Re Group saw high premium growth both in Slovenia and in its international markets in 1Q2018. GWP rose by 4.4% y-o-y to EUR 167.0 million. The Group wrote 32.1% of the target premium income for the full year 2018.
24 May 2018Willis becomes first licensed foreign broker to operate as domestic broker in China
The global insurance broker WTW - Willis Towers Watson said that China's Banking Insurance Regulatory Commission (CBIRC) has approved Willis Insurance Brokers to be the first fully licensed foreign broker to transact all insurance business in China.
24 May 2018MUNICH Re: Global insurance industry will double over the next 12 years
The global insurance industry will grow more strongly than the global economy in 2018 and 2019, as global reinsurer MUNICH Re recently forecasted. In 2030, the global insurance market is expected to reach a volume of EUR 7.9 trillion.
24 May 2018TRIGLAV Group reported Q1 profitable operations and GWP growth in all markets
In Q1 2018, Slovene TRIGLAV Group posted a consolidated profit before tax of EUR 27.5 million or 8% more than in the same period last year, while the net profit was up by 5% y-o-y to EUR 23.3 million.
24 May 2018Lloyd's Brussels subsidiary granted regulatory approval
Lloyd's announced its Brussels unit has received license approval from the National Bank of Belgium. Vincent VANDENDAEL will take up the post of CEO of the newly established Lloyd's Brussels in addition to his role as Lloyd's CCO.
24 May 2018ALLIANZ completes sale of part of its life insurance portfolio in Taiwan to CHINA Life
ALLIANZ has announced that it has completed the sale of part of its traditional life insurance portfolio in Taiwan to CHINA Life Insurance Co.
24 May 2018
