KBC ended the first quarter of 2015 with a net profit of 510 million euros, compared with 473 million euros in the last quarter of 2014 and 347 million euros in the first quarter of 2014.

Spain's MAPFRE posted significant increases in the first quarter of 2015 with total revenues up 8.9 percent to EUR 7.515 billion and "gross written and accepted premiums" up by 2.6 percent, to EUR 6.114 billion.

ACE Limited reported net income for the quarter ended March 31, 2015, of USD 2.05 per share, compared with USD 2.14 per share for the same quarter last year. Operating income was USD 2.25 per share, compared with USD 2.27 per share for the same quarter last year. Operating return on equity for the quarter was 10.8%. The property and casualty (P&C) combined ratio for the quarter was 88.4%. Book value and tangible book value per share increased 0.9% and 1.8%, respectively, from December 31, 2014. Book value and tangible book value per share now stand at USD 90.81 and USD 73.94, respectively. Excluding unfavorable foreign currency movement, book value per share and tangible book value per share increased 2.4% and 3.0%, respectively.

"Aviva's turnaround is on track and ahead of schedule. It's been a busy quarter. We have completed the acquisition of Friends Life and at the same time delivered an improvement in our key metrics. Value of new business is up, our general insurance combined operating ratio has improved and our IFRS book value has grown over the quarter. In the face of unpredictable global markets, we continue to improve the Group's resilience", said Mark Wilson, Group Chief Executive Officer.

Zurich Insurance Group (Zurich) today reported a business operating profit (BOP) of USD 1.3 billion and net income attributable to shareholders (NIAS) of USD 1.2 billion for the three months ended March 31, 2015. 

The first three months of the current year passed off very satisfactorily for Hannover Re; the Group generated a quarterly profit of EUR 279.7 million (EUR 233.0 million). "The fact that we were able to boost our net income by a further 20.1% compared to the previous year's quarter can be attributed in particular to the outstanding contribution from life and health reinsurance and another satisfactory underwriting result in property and casualty reinsurance. Investment income also fully lived up to our expectations", Chief Executive Officer Ulrich Wallin stated. Given this successful start to the year, Hannover Re is confident of achieving its profit guidance in the order of EUR 875 million for the full 2015 financial year.

"We are pleased with the strong performance that we are presenting today, which underscores our focus on delivering on our strategic objectives. The operating result from the ongoing business for the first quarter increased 3% to EUR 304 million. We are well on track with our expense reduction programme in the Netherlands, having already realised EUR 164 million of savings compared with our target of an absolute EUR 200 million cost reduction by the end of 2016. At the same time, lower funding costs also contributed to the improved results. Overall, new sales were up almost 11% this quarter. We completed a pension buy-out in the Netherlands, which substantially increased our new sales. Bancassurance sales in Japan grew further in line with our channel diversification strategy", said Lard Friese, CEO, NN Group.

MetLife reported operating earnings of USD 1.6 billion, up 5 percent over the first quarter of 2014, and up 10 percent on a constant currency basis. On a per share basis, operating earnings were USD 1.44, up 5 percent over the prior year quarter. Operating earnings in the Americas grew 4 percent on a reported basis and 6 percent on a constant currency basis. Operating earnings in Asia decreased 2 percent on a reported basis, but were up 8 percent on a constant currency basis. Operating earnings in Europe, the Middle East and Africa (EMEA) decreased 1 percent on a reported basis, but increased 35 percent on a constant currency basis.

VIG Re, reinsurance company of Vienna Insurance Group (VIG) with headquarters in Prague increased its premium income in 2014, compared to 2013 by 4.7 percent to EUR 431 million. Pretax profit increased from EUR 18.4 million (USD 20 million) to EUR 19.9 million the company announced on Monday.

French reinsurer SCOR reported that the April renewals saw SCOR Global P&C's gross written premiums increased by 5.8 percent from EUR 374 million to EUR 396 million, at constant exchange rates as of December 31, 2014.

American International Group, Inc. (NYSE:AIG) today reported net income attributable to AIG of USD 2.5 billion, or USD 1.78 per diluted share, for the quarter ended March 31, 2015, compared to USD 1.6 billion, or USD 1.09 per diluted share, for the first quarter of 2014. Net income included net realized capital gains of USD 874 million, net of tax, which included gains totaling USD 565 million, net of tax, associated with the sale of two large shareholdings.

Willis Group Holdings plc (NYSE:WSH), the global risk advisory, re/insurance broking, and human capital and benefits firm, today reported results for the three months ended March 31, 2015.

Another re/insurance sector M&A deal has completed, meaning there is one less participant in the market. Global insurance and reinsurance firm XL Group and Catlin's deal closes today with the new brand XL Catlin is set to launch next week.

XL Group's first-quarter results reveal an operating net income of USD 194.4 million, compared with USD 238.6 million a year earlier, the company attributed this to lower levels of life reinsurance income. Net income available to shareholders for Q1 2015 declined significantly on 2014, totalling USD 36.2 million, compared with USD 255.7 million

Rosgosstrakh prolonged the ship-owner liability insurance agreement with Joint-Stock Amur Shipping Company, Rosgosstrakh informed.

The Russian and Ukrainian markets' volatility, entailing the ALLIANZ decision to reposition its property-casualty business and to focus on commercial business lines in both countries, was the main driver of the decrease in revenues recorded by the German Group for its Central and Eastern European business1. However, despite the challenging environment, ALLIANZ reported solid results for 2014 in the region. Total revenues decreased to EUR 3.2 billion, down 8.5% y-o-y.

The GENERALI Group's operations in ten countries of the Central Eastern Europe region developed very successfully in 2014, accounting for 5% of the Group's total GWP and 9% of the consolidated operating profit. Five markets - Czech Republic, Poland, Hungary, Slovakia and Serbia/Montenegro - are generating all together nearly 90% of the Group's business in the region, whereas Romania, Slovenia, Bulgaria and Croatia account for the remaining 10% of total GWP.

Everest Re Group, Ltd. (NYSE:RE) today reported net income of USD 323.0 million, or USD 7.19 per diluted common share, for the first quarter of 2015, compared to net income of USD 293.9 million, or USD 6.21 per diluted common share, for the first quarter of 2014. Excluding realized capital gains and losses, after-tax operating income1 was USD 329.9 million, or USD 7.34 per diluted common share, for the first quarter 2015, compared to after-tax operating income1 of USD 281.0 million, or USD 5.93 per diluted common share, for the same period last year.

PartnerRe Ltd. (NYSE:PRE) today reported net income of USD 231.7 million, or USD 4.76 per share for the first quarter of 2015. This includes net after-tax realized and unrealized gains on investments of USD 100.3 million, or USD 2.06 per share. Net income for the first quarter of 2014 was USD 295.7 million, or USD 5.61 per share, including net after-tax realized and unrealized gains on investments of USD 115.8 million, or USD 2.20 per share. The Company reported operating earnings of USD 150.5 million, or USD 3.09 per share, for the first quarter of 2015. This compares to operating earnings of USD 176.9 million, or USD 3.36 per share, for the first quarter of 2014.

UK-based risk adviser, insurance and reinsurance broker Willis Group Holdings has offered around EUR 550m to acquire the remaining 70% interest in French insurance broker Gras Savoye.