AXA Switzerland ("AXA"), the largest insurer of SMEs in the Swiss market, announced today that it had entered into an agreement with its main occupational benefits foundations ("Foundations") to convert their business model from a full-value insurance (*) model to a semi-autonomous model, by the end of 2018 ("Model Transformation"). Beginning 2019, under the semi-autonomous model, death and disability provisions and administration services will continue to be covered by AXA, while the responsibility of asset allocation and investment returns to policyholders will be with the Foundations. AXA Group, as a globally renowned asset manager, will continue to offer investment management services to the Foundations.

The TRIGLAV Group generated profit before tax of EUR 84.4 million in 2017, exceeding the planned value of EUR 70-80 million. The financial performance was achieved despite the costly year in NatCat terms, by high premium growth and a good cost control.

At the Annual General Meeting of ZURICH Insurance Group Ltd (ZURICH), shareholders elected Michel LIES - the former Swiss Re CEO, as a new member and Chairman of the Board of Directors for a term of office of one year.

At the end of the first year following the merger of the Group's EU-based insurance companies, SAVA Re Group has recorded consolidated GWP of EUR 517.23 million, 5.5% more y-o-y, according to the audited Annual Report 2017 published today.

JLT Re (North America) Inc. (JLT Re), part of the global provider of reinsurance broking and consultancy, announced three executive appointments.

CHUBB has announced one new appointment and two new role changes within its European Personal Risk Services (PRS) team.

SCOR announced that Laurent ROUSSEAU will become Deputy CEO of SCOR Global P&C and will join the Group's Executive Committee effective April 1, 2018.

Swiss Re confirmed negotiations are still ongoing in respect of a minority investment by SoftBank its share capital, currently expected not to exceed 10% - a much smaller value than the 20% - 30% investment previously announced by media.

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ZURICH Insurance Group announced that Jasmin STAIBLIN has informed its Board of Directors that she has withdrawn her candidacy for election to the Board.

Austrian VIENNA Insurance Group announced starting 1 April 2018, Hermann FRIED - currently member of the WIENER STADTISCHE Versicherung managing board -, will take over as managing board Chairman at Slovakian Group company KOMUNALNA poistovna, subject to approval by the local authorities.

AIG - American International Group informed that Ed DANDRIDGE will join the company as Head of Marketing and Communications, General Insurance, effective April 16, 2018.

German insurer TALANX said it achieved FY 2017 net income of EUR 672 million (vs. EUR 903 million a year before), while premium income grew by 6.3%, totalling EUR 33.1 billion.

MUNICH Re announced it has raised its profit guidance compared with the previous year and is expecting to generate a profit of EUR 2.1-2.5 billion in 2018. The Company also announced that it would buy back another EUR 1 billion worth of shares before the Annual General Meeting in 2019.

The Lloyd's market has posted a GBP 2 billion pre-tax loss for 2017, a severe deterioration from the GBP 2.1 billion profit it reported this time last year as the venerable institution's combined ratio swelled to a hefty 114%.

Austrian insurer VIENNA Insurance Group announced its FY2017 premiums increased to around EUR 9.4 billion (+3.7%), the profit (before taxes) was up to around EUR 443 million (+8.8%), while the combined ratio improved to 96.7% (2016: 97.3%).

JLT Re, the global provider of reinsurance broking and consultancy, has appointed Vinod KRISHNAN as CEO, Asia Treaty.

French insurer GROUPAMA reported significant increase in its FY2017 aggregate operating income at EUR 349 million, up by EUR 156 million, while the premium income was up by 2.9% y-o-y to EUR 13.8 billion. At the same time, the net income decreased by EUR 30 million to EUR 292 million.