Slovenian re/insurer SAVA Re announced its main FY2016 financial targets, of EUR 487.9 million in GWP (0.3% more y-o-y) and EUR 33.4 million for the net profit, equivalent to an 11.6 % return on equity.

ALLIANZ Group achieved strong results in 2015 with operating profit rising to EUR 10.7 billion, driven by a very good fourth quarter. "Our business is healthy and well-diversified. This makes us confident that we will continue to deliver strong earnings. We look to generate about EUR 10.5 billion  in operating profit in 2016," said Oliver BATE, CEO of ALLIANZ SE.

"I am pleased to report we have executed on the targets we set at the beginning of 2015, delivering an underwriting result at the better end and an insurance profit margin towards the middle of our target ranges. The success of our portfolio remediation activities of the last three years is evidenced by each of our businesses now producing an underwriting profit and, particularly, by the continuing improvement in the performance of our North American Operations",said John Neal, QBE Group Chief Executive Officer.

The new Observatory of welcoming brands realized by BVA for the communication agency «Change» ranked Europ Assistance as top of the welcoming brands in France.

Swiss Re delivered a strong full-year net income of USD 4.6 billion for 2015, 31% up y-o-y. The result benefited from strong underwriting, the absence of major natural catastrophes and from reserve releases, as well as from the strong result in L&H Re. Premiums earned and fee income for the Group totalled USD 30.2 billion for 2015, slightly less than in 2014, mainly reflecting unfavourable foreign exchange rate movements. At constant exchange rates, premiums and fees increased by 4%.

Recently Nationale-Nederlanden Spain was awarded the Top Employers Spain 2016 certification. A comprehensive independent research revealed that Nationale-Nederlanden Spain provides exceptional employee conditions, nurtures and develops talent throughout all levels of the organisation and has demonstrated its leadership status in the HR environment, always striving to optimise its employment practices and to develop its employees.

Swiss Re's Board of Directors announces that Christian MUMENTHALER (46, Swiss citizen), currently CEO of Reinsurance, will become Group Chief Executive Officer of Swiss Re as of 1 July 2016. Michel M. LIES will retire.

"Aegon's fourth quarter results close a year in which we achieved record sales and accomplished many of our strategic objectives, although expectations for underlying earnings were not met in all of our businesses", said Alex Wynaendts, Aegon CEO.

Yesterday, French insurance giant and a world leader in insurance and assets management, AXA, announced that it invested USD 84 million in Jovago and its mother company, the Africa Internet Group (AIG). This investment is a partnership that will further ensure the expansion and strengthening of Jovago businesses in major cities across Africa and Asia.

PZU was awarded as Best Insurer in Poland in terms of customer service by MojeBankowanie.pl. In the "2015 Institution of the Year" ranking compiled by the portal, PZU took first place among 23 companies, in two categories: "The best quality of service at the institution's premises" and "Best quality of service in remote channels of contact."

Switzerland's largest insurer - ZURICH Insurance Group reported its FY2015 business operating profit (BOP) was down by 37% y-o-y to USD 2.9 billion, while the net income attributable to shareholders decreased by 53% y-o-y to USD 1.8 billion. At the same time, the company representatives announced that Mario GRECO will join as ZURICH CEO from GENERALI on March 7, 2016.

Our client-centric business model continued to thrive. We have lent more to clients and they have taken up more insurance products in almost all the countries we operate in. Clients entrusted more assets to us, leading to higher sales of investment products. The low cost of credit also underpinned the net result. Against a background of low interest rates, modest economic growth in Belgium and stronger growth in Central Europe, KBC ended the last quarter of 2015 with an exceptional net profit of 862 million euros, compared to 600 million euros in the preceding quarter and 473 million euros in the last quarter of 2014. Profit was boosted by the liquidation of KBC Financial Holding Inc., but tempered by impairment on goodwill. Excluding these two items, the net result amounted to 441 million euros in the fourth quarter. The result for full year 2015 came to 2 639 million euros (2 218 million euros excluding these two items), with all countries generating a profit.

Aviva plc has appointed Claudia Arney as an independent non-executive director of the Company with effect from 8 February 2016. She will also join the Nomination Committee. Claudia has a wide range of experience as both an executive and non-executive director across financial services, digital and government and brings a wealth of expertise transforming and expanding businesses online and building digital capabilities. She is currently a non-executive director of Derwent London plc, Halfords Group plc and the Premier League. She is also a member of the Advisory Board of the Shareholder Executive.

American International Group, Inc. today reported an after-tax operating loss of USD 1.3 billion, or USD 1.10 per diluted share, for the fourth quarter of 2015, compared to after-tax operating income of USD 1.4 billion, or USD 0.97 per diluted share, in the prior-year quarter. Full year 2015 after-tax operating income was USD 2.9 billion, or USD 2.19 per diluted share, compared to USD 6.6 billion, or USD 4.58 per diluted share, for full year 2014. The fourth quarter operating loss was primarily due to adverse prior year loss reserve development, and lower returns on alternative investments.

The Assicurazioni Generali Board of Directors, chaired by Gabriele Galateri di Genola, has approved the mutually agreed termination of all existing relations between Mr.Greco and the Company, with immediate effect and in line with the Group's remuneration policies. This follows the announcement by Mr. Greco on the 26th January 2016, that he would not be available to serve a further mandate as Group Chief Executive Officer.

With its financing of the Irish public-private partnership (PPP) project "Courts Bundle PPP", Talanx has made a further external funding investment in the area of infrastructure. The insurance group is participating as a co-investor with a volume of around EUR 73 million in the construction, refurbishment and maintenance of seven court buildings in Ireland along with MUFG who also contributed an investment in the amount of some EUR 73 million as well as short-term facilities. 

At the 1 January 2016 renewals, SCOR Global P&C manages to maintain quasi-stable expected technical profitability compared to January 2015, while recording gross premium growth of 2% at constant exchange rates, to EUR 3.0 billion.

Willis Towers Watson plc, a leading global advisory, broking and solutions company, today reported individual fourth quarter and fiscal second quarter results for Willis Group Holdings plc ("Willis Group") and Towers Watson & Co., respectively, for the period ended December 31, 2015. On January 4, 2016 Willis Group Holdings plc merged with Towers Watson & Co. Financial results will be consolidated for the period ending March 31, 2016, but will use legacy reporting at a segment level until Willis Towers Watson reports second quarter results for the period ending June 30, 2016.

PartnerRe Ltd. today reported net income of USD 162.3 million, or USD 3.30 per share for the fourth quarter of 2015. This includes net after-tax realized and unrealized losses on investments of USD 22.8 million, or USD 0.46 per share. Net income for the fourth quarter of 2014 was USD 262.7 million, or USD 5.26 per share, including net after-tax realized and unrealized gains on investments of USD 82.1 million, or USD 1.64 per share. The Company reported operating earnings of USD 183.9 million, or USD 3.74 per share, for the fourth quarter of 2015. This compares to operating earnings of USD 218.3 million, or USD 4.37 per share, for the fourth quarter of 2014.

MetLife reported operating earnings of USD1.4 billion, down 13 percent from the fourth quarter of 2014, and 10 percent on a constant currency basis. On a per share basis, operating earnings were USD1.23, down 11 percent from the prior year quarter. Operating earnings in the Americas decreased 16 percent, and 14 percent on a constant currency basis. Operating earnings in Asia decreased 15 percent, and 9 percent on a constant currency basis. Operating earnings in Europe, the Middle East and Africa (EMEA) decreased 16 percent, and 2 percent on a constant currency basis.