News - Re/Insurance groups







Willis Towers Watson Reports Third Quarter Earnings

Willis Towers Watson (NASDAQ:WLTW) (the "Company"), a leading global advisory, broking and solutions company, today announced financial results for the third quarter of 2016, which ended September 30, 2016. On January 4, 2016, the merger of Willis Group Holdings plc (Willis) and Towers Watson & Co. (Towers Watson) was completed. In this release, the Company has presented consolidated financial results for the quarter ended September 30, 2016 and certain pro forma results for the quarter ended September 30, 2015.

Swiss Re: Net income of USD 3.0 billion for 3Q2016

Swiss Re reported net income of USD 3.0 billion for 3Q 2016, despite the difficult market environment, reads the latest press release issued by the group. All Business Units contributed to this strong result. Net income in Property & Casualty Reinsurance was of USD 1.5 billion, while for Life & Health Reinsurance stood at USD 635 million.

A.M. Best upgrades TRIGLAV rating to 'A'

Slovenian insurance group TRIGLAV announced that A.M. Best Credit Rating Agency upgraded the financial strength rating of "A-" to "A" (Excellent) and the issuer credit rating of "a-" to "a" (Excellent) of Slovenian insurer Zavarovalnica TRIGLAV and its reinsurance unit Pozavarovalnica TRIGLAV Re. "The ratings of both companies have a stable medium-term outlook".

SCOR's 3Q net income hit by NatCat events

The Paris-based reinsurer SCOR reported a 11% y-o-y decrease in its nine months net income to EUR 438 million "due to a higher number of natural catastrophes and a challenging macroeconomic environment", while the value of GWP was up by 4.4% y-o-y to EUR 10.21 billion, the French reinsurer annouced in a statement.

AIG Reports Third Quarter 2016 Results

American International Group, Inc. (NYSE:AIG) today reported net income of USD 462 million, or USD 0.42 per diluted share, for the third quarter of 2016, compared to a net loss of USD 231 million, or USD 0.18 per diluted share, in the prior-year quarter.

MetLife Announces Third Quarter 2016 Results

On a GAAP basis, MetLife reported third quarter 2016 net income of USD 571 million, down 52 percent from the third quarter of 2015. On a per share basis, net income was USD 0.51, also down 52 percent from the prior-year period.

AON 3Q2016: Flat revenue and 4% increase in profit

Insurance brokerage company AON announced its net income increased 4% to USD 314 million in the third quarter of 2016 compared with USD 303 million a year before. Net income attributable to shareholders was up by USD 12 million to USD 307 million, while the net income per share attributable to AON shareholders was USD 1.14 (vs. USD 1.04 a year before).

CROATIA Osiguranje Group's net profit up by 49% in 3Q

During the first nine months of this year, the CROATIA Osiguranje Group generated a profit before tax in the amount of HRK 199 million (about EUR 26.5 million) vs. HRK 136 million - during the same period last year (47% more y-o-y). At the same time, the net profit increased 49% y-o-y to HRK 159 million (~EUR 21.2 million), as the company announced in a statement published on the Zagreb Stock Exchange web page.

MMC Q3 operating income up by 24% y-o-y

The MARSH & McLENNAN Companies (MMC) reported Q3 2016 consolidated revenues of USD 3.1 billion, up by 1% y-o-y. The operating income increased by 24%, to USD 572 million, while the net income attributable to the Company was up 17% to USD 379 million. Earnings per share increased 20% to USD 0.73 while adjusted earnings per share rose 10% to USD 0.69 compared with USD 0.63 in last year's third quarter, as MMC announced in a statement published on its web site.

HANNOVER Re subsidiary anticipates premium growth in the German market

E+S Ruck - which within the HANNOVER Re Group bears responsibility of the German business - expects to see premium growth in its home market for the upcoming treaty renewals as at 1 January 2017: "Along with motor insurance, growth will likely be driven in particular by homeowners' comprehensive insurance, where premium increases are necessary on account of the unsatisfactory business development", as the reinsurer announced on its web site.

Bulgarian EUROINS Insurance Group's nine months GWP rises 9.4% y-o-y

The Bulgarian EUROINS Insurance Group - EIG, reported for the nine months of 2016 a 9.4% increase of its aggregate GWP to EUR 185.6 million, according to the preliminary results published by the group. Positive rates were reported by EUROINS Romania (+18.6%) and EUROINS Life (+9.5%), while EUROINS Bulgaria (-14.2%) and EUROINS Macedonia (-3.0%) have seen a downward trend.