News - Re/Insurance groups

Vienna Insurance Group (VIG) - Best Recruiter in the Austrian insurance market

After receiving silver in the previous three years, VIG as the leading insurance company in Austria and the CEE, reached the top of the insurance industries for the first time in this year's BEST RECRUITERS study. In the study's cross-sector rating of 412 Austrian companies, VIG received the excellent 24th place.


Slovenia's TRIGLAV Group 3Q2017 net profit down by 2.4% y-o-y

The Slovenian TRIGLAV Group ended the first nine months of this year with a net profit of EUR 52.3 million, down by 2.4% compared to January-September 2016 (EUR 53.6 million), while the profit before tax totaled EUR 64.5 million (vs. EUR 67.5 million).

EIG to buy 49% stake in Russian insurer RSO EUROINS

The Bulgarian financial holding EUROHOLD announced its insurance arm - EUROINS Insurance Group (EIG) will acquire a 49% stake in Russian non-life insurer RSO EUROINS. "The deal has been signed on November 16, 2017 and is expected to be finalised after obtaining regulatory approvals".

Slovenian SAVA Re's 3Q2017 net profit down by 7.5% y-o-y

Slovenian re/insurer SAVA Re said its consolidated 3Q2017 net profit decreased by 7.5% y-o-y to EUR 20.9 million euro. At the same time, the aggregate GWP was EUR 409.2 million, up by 4.8% y-o-y, while gross claims paid amounted to EUR 218.6 million, up from EUR 195.3 million a year before.

NN Group reports 3Q17 results

"We are pleased to report another strong set of results for NN Group for the third quarter of 2017. This is the second quarter in which the results of Delta Lloyd have been included in our company's overall performance, after the acquisition of the company in April this year. Apart from the Non-life business, all our businesses performed well. Japan Life and Insurance Europe in particular reported a healthy increase in earnings and continue to achieve strong growth in sales", said Lard Friese, CEO.

KBC Group: strong result of 691 million euros in the third quarter

Against the background of sustained economic expansion, only moderately rising inflation, a stronger euro and stable low interest rates, KBC turned in a strong performance in the third quarter of 2017, posting a net profit of 691 million euros.





ACHMEA to sell its Irish life insurer to AVIVA

The Dutch financial group ACHMEA announced it has agreed to the sale of its Irish life assurance company, FRIENDS FIRST to AVIVA Group for a cash consideration of EUR 130 million.


The third largest Slovenian insurer is for sale

Slovenian financial holding KD Group announced, in a statement posted on Ljubljana Stock Exchange's website, that its management board reviewed the group's strategic guidelines, choosing LAZARD as a financial consultant to find a strategic investor for a majority stake in its fully owned insurer ADRIATIC SLOVENICA.

VIG to merge Wiener Staedtische and s Versicherung in Austria

Vienna Insurance Group announced it will merge its two Austrian subsidiaries Wiener Staedtische and Sparkassen Versicherung (s Versicherung)‍​. The merger is expected to become effective in 2018‍​ and it is subject to approval by the boards of the Group companies and the authorities.