HANNOVER Re is satisfied with the result for the first half of 2016. By mid-year it generated somewhat more than half of the targeted net income - which the company expects to reach at least EUR 950 million. "The half-yearly profit benefited overall from pleasing investment income, solid results in life and health reinsurance and an acceptable result in property and casualty reinsurance", Chief Executive Officer Ulrich WALLIN stated. "Nevertheless, increased loss expenditure in the second quarter and diminished return opportunities in the investment portfolio did lead to a smaller profit."

The leading global advisory, broking and solutions company WILLIS TOWERS WATSON, reported total revenues of USD 1.95 billion for Q2 2016, an increase of 8% y-o-y, while net income attributable to the company was 72 million, a decrease from USD 114 million for the prior-year second quarter. For 2016, WILLIS TOWERS WATSON expects reported revenue growth of around 7%.

"Around 30,000 of our customers were affected by severe weather conditions (including storms, hail and flooding) in June of this year, with many suffering both material damage and considerable mental distress. Our employees and partners have done everything - and continue to do everything - within their powers to help our policyholders get back on track. As an insurer founded as a cooperative organisation, we believe it is important to be there for our customers when they need us - that is why our organisation was established in the first place", said Willem van Duin, Achmea CEO and Executive Board Chairman.

"While I am pleased with the development of our capital position, our second quarter results did not meet our expectations. Earnings were affected by exceptionally low interest rates, adverse claims experience in our life and health businesses in the US, and the book loss from the divestment of our UK annuity portfolio. We are implementing further measures to improve earnings going forward - including accelerating our ambitious expense savings program currently under way across our company", said Alex Wynaendts Aegon CEO.

ZURICH Insurance Group (Zurich) today reported a business operating profit (BOP) for 1H 2016 of USD 2.2 billion, down 2% from the prior year period. Net income attributable to shareholders (NIAS) of USD 1.6 billion was down 22% due to a lower level of realized capital gains, restructuring charges related to the Group's turnaround plans and a higher effective tax rate.

ALLIANZ Group's operating profit for 1H 2016 decreased by 10.3% to EUR 5.1 billion, according to latest data provided by the German insurer. Higher claims from natural catastrophes and lower returns on investments due to market turbulence had a strong say in the decreasing profitability. However, the solid result encourages the Group's management to expect for the end year an operating profit close to EUR 10.5 billion.

With respect to the result for the second quarter, von Bomhard said: "Overall, we have achieved an above-average result of EUR 974 million for the second quarter. And that was despite higher natural catastrophe expenditure in the second quarter - arising from wildfires in Canada and earthquakes in Japan - after many quarters without major losses." Gross restructuring expenses of around EUR 400 million (around EUR 160 million net) were posted as part of the ERGO Strategy Programme in the second quarter. MUNICH Re successfully withstood the capital market turbulence in the wake of the Brexit referendum.

American International Group, Inc. (NYSE:AIG) today reported net income of USD 1.9 billion, or USD 1.68 per diluted share, for the second quarter of 2016, compared to USD 1.8 billion, or USD 1.32 per diluted share, in the prior-year quarter.

"Operating profits are up 13% and the dividend is up 10%. We are delivering consistent, stable and predictable growth despite challenging market conditions", said Mark Wilson, Group Chief Executive Officer.

MetLife, Inc. (NYSE:MET) today announced the following results for the second quarter 2016.

The Italian insurer Assicurazioni GENERALI reported a 10.5% drop in first-half operating result (to EUR 2.5 billion), and a 9.9% decrease in H1 2016 net profit (to EUR 1.2 billion) due to lower interest rates and unfavourable financial market conditions.

The French insurance group AXA reported total 1H 2016 revenues of EUR 54 billion, down by 0.5% y-o-y, while the net income increased by 4% to EUR 3.2 billion, according to the activity indicators published by the group.

The MARSH & McLENNAN Companies (MMC) reported Q2 2016 consolidated revenues of USD 3.4 billion, up by 5% y-o-y. The operating income increased by16%, to USD 726 million, while the net income attributable to the Company was up 13% to USD 472 million.

NN Group and Van Lanschot Chabot have reached an agreement on the sale of Mandema & Partners to Van Lanschot Chabot. NN Group pointed out that the transaction is subject to regulatory approval and the advice of the workers' council of both Mandema & Partners and Van Lanschot Chabot, and is expected to close in the fourth quarter of 2016.

The French reinsurer SCOR announced a 15.9% y-o-y decrease in its H1 net income to EUR 275 million "due to a high number of natural catastrophes and a challenging macroeconomic environment". At the same time, the value of gross written premiums was up by 5.9% y-o-y to EUR 6.73 billion, due to a double-digit increase of SCOR Global Life and a sub-unitary growth-rate reported by SCOR Global P&C.

Bulgarian-based EUROINS Insurance Group (EIG) reported gross written premiums of EUR 119.76 million during January-June 2016, 3.27% more y-o-y, the financial holding EUROHOLD announced in a statement.

The risk and insurance brokerage services provider AON reported a net income attributable to shareholders of USD 272 million (or USD 1.01 per share ) for the second quarter of the year, compared to USD 178 million (USD 0.62 per share), for the prior year quarter.

VIG announces preliminary consolidated profit before taxes of about EUR 200 million for the first half-year 2016. Thus, the result is in line with the given earnings outlook for the financial year 2016.

Swiss Re Group announced the Board of Directors proposes to elect Jacques de VAUCLEROY as a new, non-executive and independent member at the Annual General Meeting of shareholders on 21 April 2017.

Swiss Re reported a net income of USD 1.86 billion for the first half of 2016 (down from USD 2.26 billion in 1H 2015), "a solid result in a period marked by natural catastrophes, political uncertainty and volatile financial markets", as the company announced in a statement.