News - Re/Insurance groups
HANNOVER Re 2017 net income beats Groups guidance despite natural catastrophes
German reinsurer HANNOVER Re reported FY2017 net income of EUR 958.6 million (previous year: EUR 1.17 billion) beating its EUR 800 million guidance, while the operating profit (EBIT) contracted to EUR 1.36 billion (vs. EUR 1.68 billion).
15 March 2018SAVA Re hit the EUR 500 million GWP mark in 2017
Slovenian re/insurance group SAVA Re said it collected during 2017 gross written premiums worth EUR 517.2 million, 5.5% more than in 2016 and 4.7% more than it previously planned.
15 March 2018GENERALI Group reports record annual operating result
GENERALI Group reported FY net profit of EUR 2.11 billion, up by 1.4% y-o-y, while its operating result amounted to a record of EUR 4.89 billion (2.3% more y-o-y) "thanks to the positive performance of the life segment and the Investments, Asset & Wealth Management business and to the cost reduction reached two years ahead of schedule (-EUR 200 million in mature markets)".
15 March 2018Aviva plc 2017 Preliminary Results
8 March 2018UNIQA Insurance introduces Viber bot as new communication channel
UNIQA wants to follow the trends of tech innovations, but also set new standards in the field of digital consumer support.
8 March 2018TRIGLAV Group's profitability improved despite the negative impact of higher claims
Slovenian TRIGLAV Group has reported a profit before tax amounting to EUR 84.4 million, which is above the budgeted level (planned at EUR 70-80 million). The preliminary figures show an overall positive evolution despite the higher claims related to the extreme weather events.
8 March 2018SCOR successfully places an innovative USD 625 million deeply subordinated Tier 1 issuance, in highly favorable conditions
SCOR has successfully placed a perpetual deeply subordinated notes issue on the Regulation S USD market in the amount of USD 625 million.
8 March 2018FITCH assigns "A+ rating with stable outlook" to ACHMEA"s insurance operating entities
FITCH Ratings has assigned ACHMEA"s core insurance operating entities an Insurer Financial Strength Rating (IFSR) of A+ with a stable outlook.
8 March 2018UPDATE: AXA to acquire XL Group for EUR 12.4 billion
The French insurer AXA announced that it has entered into an agreement to acquire 100% of XL Group, one of the largest global Property & Casualty commercial lines re/insurer with strong presence in North America, Europe, Lloyd's and Asia-Pacific.
5 March 2018UNIQA FY2017 consolidated net profit up to EUR 161.4 million
Austrian insurer UNIQA said its FY2017 Group GWP rose 4.9% y-o-y, to EUR 5.29 billion, while the combined ratio lowered to 97.5%. At the same time, the total amount of retained insurance benefits rose by 5.1% y-o-y, to EUR 3.56 billion.
1 March 2018AXA's 2017 profit up by 7% y-o-y, to EUR 6.21 billion
French insurer AXA reported FY 2017 gross revenues of EUR 98.55 billion, down by 2% y-o-y, while the net profit increased by 7% y-o-y, to EUR 6.21 billion.
1 March 2018Swiss Re FY2017 profit down by 90% y-o-y as a result of large NatCat losses
Reinsurer Swiss Re annouced its aggregate FY2017 net income decreased by about 90% to USD 331 million (vs. USD 3.56 billion a year before), as a result of the large natural catastrophes, while the Group GWP was USD 34.77 billion vs. USD 35.62 bilion in 2016.
27 February 2018Aegon concludes 2017 with strong fourth quarter results
26 February 2018ERGO and IBM agree on life portfolio management partnership
26 February 2018Interview with Miroslav Singer: Good Times will continue in 2018
26 February 2018Generali approves climate change strategy. It will divest EUR 2 billion from coal
26 February 2018KBC Group: Solid fourth-quarter result of 399 million euros brings full-year profit to an excellent 2.6 billion euros
26 February 2018PartnerRe Ltd. Reports Fourth Quarter and Full Year 2017 Results
22 February 2018SCOR FY2017 profit more than halved, while the business expanded by 8.6%
The Paris-based reinsurer SCOR reported FY2017 GWP of EUR 14.78 billion, up by 8.6% y-o-y, while the Group net income stands at EUR 286 million in 2017 (down from EUR 603 million in 2016), "despite the cost of the nat cat events which occurred in the third and fourth quarters".
22 February 2018ALLIANZ FY2017 operating profit in the upper half of the Group's announced target
German insurer ALLIANZ reported FY2017 total revenues of EUR 126.1 billion, up by 3% y-o-y, while its operating profit was EUR 11.1 billion, "squarely in the upper half of the Group's announced target range of EUR 10.3 billion to EUR 11.3 billion".
21 February 2018
