MetLife reported first quarter 2018 net income of USD 1.2 billion, compared to net income of USD 867 million in the first quarter of 2017.

American International Group, Inc. (NYSE:AIG) today reported net income of USD 938 million, or USD 1.01 per diluted share, for the first quarter of 2018, compared to net income of USD 1.2 billion, or USD 1.18 per diluted share, in the prior-year quarter. Adjusted after-tax income was USD 963 million, or USD 1.04 per diluted share, for the first quarter of 2018, compared to adjusted after-tax income of USD 1.4 billion, or USD 1.36 per diluted share, in the prior-year quarter.

Global reinsurer Swiss Re announced is strengthened its African operations through its newly approved license for Property & Casualty (P&C) business in South Africa.

The MARSH & McLENNAN Companies (MMC) reported Q1 2018 consolidated revenues of USD 4 billion, up by 14% y-o-y, as the US-based group announced.

AON plc has announced the appointment of Lambros LAMBROU as Global Chief Commercial Officer and CEO of Global Specialties for the firm's commercial risk business.

GUY CARPENTER announced the promotion of John FLETCHER to Chairman of the firm's Bermuda Operations, with immediate effect.

WILLIS Re, the reinsurance business of WILLIS TOWERS WATSON announced the appointment of Franck PINETTE as Managing Director of its EMEA Life & Health practice with effect from 30 April 2018.

MetLife announced that John HELE is retiring as Chief Financial Officer and will be succeeded by Executive Vice President John McCallion, currently the company's Treasurer.

Allianz has announced that it will complete its acquisition of Euler Hermes minorities by implementing a squeeze-out of remaining shares, after which it will delist the company from the Euronext Paris stock exchange.

Austrian insurance group UNIQA said on Wednesday its operations on the markets of Central and Eastern Europe (CEE) recorded the highest annual growth rate last year since the company started operations on those markets.

CROATIA Osiguranje (CO) Group reported consolidated profit after taxation of HRK 253 million (EUR 33.67 million) for the full year 2017, 43% up y-o-y. The parent company Croatia osiguranje d.d. reported a profit before tax of HRK 184.5 million (profit after tax HRK 150.9 million).

Corporate Solutions has appointed Jake ALGAR as Head UK & Ireland, effective 1 May 2018. With this appointment, Jake ALGAR also assumes the role of Branch Manager of Swiss Re International SE UK branch, subject to regulatory approval.

Chubb Limited (NYSE: CB) today reported net income for the quarter ended March 31, 2018 of USD 1,082 million, or USD 2.30 per share, compared with USD 1,093 million, or USD 2.31 per share, for the same quarter last year. Core operating income was USD 1,097 million, or USD 2.34 per share, compared with USD 1,175 million, or USD 2.48 per share, for the same quarter last year. The property and casualty (P&C) combined ratio was 90.1%. Book value and tangible book value per share decreased 0.2% and 0.3%, respectively, from December 31, 2017 and now stand at USD 110.10 and USD 65.65, respectively. Book value and tangible book value per share growth was negatively impacted by realized and unrealized losses of USD 938 million, after-tax, in the company's investment portfolio, driven by rising interest rates. Foreign currency movement favorably impacted book value by USD 310 million after-tax and tangible book value by USD 136 million after-tax.

French reinsurer SCOR has reported a strong start to 2018, with significant growth rates in GWP and net income during the first three months.

Reinsurer MUNICH Re announced The Annual General Meeting approved an unchanged dividend of EUR 8.60 per share to be paid out for the 2017 financial year. The overall dividend payout amounts to EUR 1.3 billion.

MetLife announced that Susan GREENWELL has been named Head of Global Government Relations.

AON Iberia, part of global professional services firm AON has announced that it has acquired the Spanish firm INSPIRING BENEFITS.

MUNICH Re projects a consolidated result of over EUR 800 million for 1Q2018, subject to the outcome of the ongoing closing activities for the Q1 consolidated financial statements. The main reason for this good result is low major-loss expenditure in reinsurance.

SOMPO International Holdings Ltd. (SI) announced on April 23 that it has received the regulatory approvals from the Ministry of Finance of Luxembourg to establish a new subsidiary, SI Insurance (Europe), SA (SIIE), which will become operational later in 2018.

American International Group (AIG) announced the authorization of new insurance companies in the United Kingdom (UK) and Luxembourg "that will see all business transferred to the new entities ahead of the UK leaving the European Union (EU)".