News - Re/Insurance groups
NN Group excludes investments in tobacco
23 May 2018GDPR fines not insurable in the UK
23 May 2018UK to remain in motor insurance 'free circulation zone'
23 May 2018VIG, 1Q2018: improved results driven by the group's large markets, Czechia, Poland and Romania
Czechia, Poland and Romania, VIENNA Insurance Group's largest markets in the CEE were the main drivers of its good 1Q2018 results. VIG targets for year-end GWP of about EUR 9.5 billion and profit before taxes of EUR 450 - 470 million.
23 May 2018Allianz stops insuring coal-fired power plants and coal mines
Germany-based Allianz Group announced on Friday that it would refuse insurance coverage of coal-fired power plants and coal mines effective immediately, and would aim to get rid of all coal risks in its business by 2040.
17 May 2018NN Group reports 1Q18 results
17 May 2018KBC Group: First-quarter result of 556 million euros
17 May 2018AIG Names Mark D. Lyons as Senior Vice President & Chief Actuary, General Insurance
17 May 2018METLIFE names Bill O'Donnell as U.S. Chief Financial Officer
17 May 2018ALLIANZ 1Q results are on track to meet FY 2018 targets
German insurance group ALLIANZ announced its 1Q 2018 operating profit was down 6.0% to EUR 2.8 billion. "The main drivers for the decrease were EUR 142 million currency translations and EUR 148 million benefit in the prior year related to our corporate pension administration".
17 May 2018TALANX reconfirmed its FY2018 outlook for the Group's net income
Hannover-based TALANX Group announced its Q1 GWP was up to EUR 10.6 billion, 8.3% up y-o-y, while the Group net income dropped by 8.4%, to EUR 218 million "mainly as a result of the one-off effect of the US tax reform as well as the higher share of profits attributable to minorities".
17 May 2018ALLIANZ Group sells 8.4% stake in Banco BPI to CaixaBank
ALLIANZ Group has agreed to sell shares representing 8.4% of the share capital of Banco BPI to CaixaBank. The total purchase price for this transaction is EUR 178 million or EUR 1.45 per Banco BPI share.
10 May 2018Aon's net profit doubled during Q1
Aon Group reported Q1 2018 net profit of USD 610 million, compared with USD 305 million a year before, according to a statement published on the company's website.
10 May 2018AXA Q1 indicators show its focus on preferred segments
French AXA delivered a strong operating performance in 1Q2018 with total revenues' growth by 2% to EUR 30.8 billion. All main sectors - Health, Savings and Protection -, have seen positive results.
10 May 2018GENERALI, 1Q2018: almost 9% y-o-y increase in the net profit
Net profit of Assicurazioni GENERALI, one of the biggest European insures, increased by 8.6% to EUR 581 million (vs EUR 535 million a year before) after the first quarter 2018, said the insurer in its press release.
10 May 2018HANNOVER Re Q1 report - good start of the year, both in underwriting and profitability
HANNOVER Re reported Q1 result with GWP significant y-o-y growth by 17.6% to EUR 5.3 billion (vs EUR 4.5 billion). Net income slightly increased to EUR 273.4 million (vs EUR 264.8 million).
10 May 2018MUNICH Re Q1 profit jumped by 48% y-o-y
1Q2018 results of MUNICH Re show an achieved profit of EUR 827 million, more than 48% higher y-o-y (vs EUR 557 million) thanks to lower expenses and strong underwriting performance.
10 May 2018ZURICH Q1 result: GWP in P&C rose 5%
ZURICH 1Q2018 results show the development of all business lines. P&C GWP rose by 5% in USD terms. Overall the Group saw rate increases of around 2%, said the insurer's official statement.
10 May 2018SWISS Re reports Q1: GWP up by 13.1%
SWISS Re announced Q1 result heavily impacted by changes in US GAAP accounting due to which the group's net income fell from USD 656 million to USD 457 million.
10 May 2018CROATIA Osiguranje, 1Q2018: net profit up by 50% y-o-y
Adris group's insurance arm, CROATIA Osiguranje, posted a net profit of HRK 101.5 million (~EUR 13.7 million) in 1Q2018, up 50% y-o-y. Its consolidated GWP went up by 7% y-o-y, to HRK 1.10 billion (~EUR 148.6 million).
10 May 2018
