News - Re/Insurance groups
JLT announced acquisition of Belgian specialty broker Belgibo
Jardine Lloyd Thompson Group plc (JLT) has acquired Belgium specialty broker Belgibo NV (Belgibo) from EXMAR Group.
7 September 2017GROUPAMA posted 1H significant increase in net income, at EUR 286 million
French insurer GROUPAMA posted H1 Group premium income of EUR 9.2 billion, 1.6% more y-o-y, while the net profit increased to EUR 286 million, as compared with EUR 69 million at the end of June 2016.
7 September 2017SCOR's "Vision in Action" strategic plan: first year's results
One year after the launch of its new three-year strategic plan, SCOR has successfully executed the first phase of "Vision in Action" strategic plan, the Group's representatives have said at its annual Investor Day.
7 September 2017ALLIANZ expands its African business footprint
ALLIANZ Group announced a binding agreement to acquire 98% of Nigerian insurer ENSURE Insurance Plc. from its core shareholder GREENOAKS Global Holdings Ltd.
31 August 2017French reinsurer SCOR to open a representative office in Kenya
The Paris-based reinsurer SCOR said the Insurance Regulatory Authority of Kenya has confirmed its approval of the opening of a SCOR Global P&C SE representative office in Nairobi.
31 August 2017SAVA Re's H1 net profit up by 19.4% y-o-y
Slovenian SAVA Re Group announced a 19.4% y-o-y increase in net profit , to EUR 17.1 million, for the first half of 2017, mostly due to good performance in the non-life business.
31 August 2017PZU, 1H2017: Doubled net profit, thanks to lower claims and improved efficiency on the motor insurance lines
PZU Group's consolidated net profit went up y-o-y by 119%, to PLN 1,733 million (IFRS calculations) in 1H2017, while the growth achieved in underwriting was of 17.7%, to PLN 11.6 billion.
31 August 2017Eurohold Bulgaria shareholders to vote on cap hike, bond issue
Financial and insurance group Eurohold Bulgaria said on Monday it will seek the approval of its shareholders to increase its capital by 40.3 million levs (20.6 million euro) to 202 million levs and to issue a five-year 100 million euro bond.
30 August 2017NN Hellas and Piraeus Bank in Greece renew Bancassurance agreement
NN Hellas today announces that the Bancassurance agreement with Piraeus
Bank, which was due to end on 31 December 2017, has been renewed for 10
years with a further 5 year extension possibility. Piraeus Bank, the
leading bank in Greece, will continue to offer the Life and Health
products of NN Hellas to its customers. ΝΝ Hellas is part of NN Group,
an international insurance and asset management company.
30 August 2017A.M. Best affirms credit ratings of Trust Re to A-, stable outlook
A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" of Trust International Insurance & Reinsurance Company B.S.C. (c) Trust Re (Bahrain). The outlook of these ratings remains stable.
28 August 2017UNIQA reported double digit increase in its H1 pre-tax profit
Austrian UNIQA announced "a sound growth in all sectors" in 1H2017, with GWP up by 6.6% to EUR 2.79 billion, earnings before taxes increasing by 10.2% to EUR 95.5 million and improving combined ratio after reinsurance to 96.8%.
24 August 2017UPDATE: PZU adopts emergency measures to support customers affected by the last week's extreme windstorms
Some 2,600 buildings and 44,000 hectares of forest were distriyed by straight-line winds that hit Poland on 11-12 August, data gathered by RMS show. Insured losses may amount up to EUR 100 million, says the local press.
23 August 2017VIG 1H2017: Improved overall combined ratio and higher profitability in its core markets led to a 9.6% growth in the Group's profit before taxes
Vienna Insurance Group (VIG) ended 1H2017 with group GWP of almost EUR 5 million (~1% up y-o-y) and a 9.6% increase in the profit before taxes, to EUR 221 million. The combined ratio improved to 96.9%.
23 August 2017TRIGLAV H1 net profit up to EUR 36.1 million, whithin the FY2017 range of EUR 70-80 million
Slovenian insurer TRIGLAV announced its first-half consolidated net profit increased by 6% y-o-y to EUR 36.1 million, while its profit before tax totaled EUR 42.4 million (vs. EUR 43.2 million a year before).
23 August 2017Standard & Poor's confirms VIG's "A+" rating with stable outlook
On 17 August 2017, Standard & Poor's (S&P) has confirmed the A+ rating with stable outlook of Vienna Insurance Group (VIG), implying the expectation of further achieving strong earnings and solid capitalisation.
18 August 2017Achmea's operational result increased to EUR 223 million
Achmea started the year well, with positive contributions to the results from our improved fundamentals becoming visible. The operational result increased sharply to EUR 223 million (H1 2016:EUR -41 million).
17 August 2017HANNOVER Re: Positive 1H results support the group's expectation for a yearly net income exceeding EUR 1 billion
With GWP increasing by 8.6% and a 7% y-o-y higher operating profit in 1H2017, HANNOVER Re expects to achieve a net income for the full year exceeding EUR 1 billion.
17 August 2017NN Group reports 2Q17 results
"Today
we are reporting our first fully consolidated set of quarterly results
for NN Group and Delta Lloyd, and I am pleased with the strong overall
performance of the combined group in the second quarter of 2017", said Lard Friese, CEO.
17 August 2017PZU adopts emergency measures to support customers affected by the last week's extreme windstorms
Following the extreme stormwind that hit Poland on the night of 11 August the country's largest insurer, PZU, has already received more than 16,000 property damage and agricultural claims and over 6,000 motor insurance claims.
17 August 2017Based on 1H results TALANX raises its 2017 net income outlook and anticipates a return on equity of around 9.0%.
The TALANX Group has increased its net income for 1H2017 by 14.9% to EUR 463 million. The Retail Germany and Industrial Lines divisions had the largest contribution to the overall result.
17 August 2017
