In the 1Q2013 VIENNA Insurance Group earned consolidated premiums written of EUR 2.7 billion (-1.5% y-o-y), while the Group's profit (before taxes) increased by 5.2%, to EUR 159.4 million. The share of the CEE countries in the Group profit (before taxes) rose by 15.6 percent to a total of 51.5 percent. The combined ratio of the Group (after reinsurance and excluding investment gains) stood at 96.9 percent.

Aegon's underlying earnings before tax increased 1% compared to the first quarter of 2012 to EUR 445 million in the first quarter of 2013. Business growth and the positive effects of favorable equity markets were offset by the loss of earnings due to the sale of the company's interests in partnerships in Spain (EUR 14 million) and higher sales and employee performance related expense (EUR 13 million).

KBC ended the  first three months  of 2013 with  a net profit  of 520  million euros, compared with a net profit of 240 million euros in the previous quarter and 380 million euros a year earlier.

Group 1Q13 underlying net profit rose to EUR 800 million from EUR 579 million in 1Q12 and EUR 483 million in 4Q12.

In its meeting yesterday, the Supervisory Board of Sava Reinsurance Company d.d. reappointed the entire Management Board - consisting of Zvonko Ivanusic (Chairman), Srecko Cebron, Jost Dolnicar and Mateja Treven - for a further 4-year term of office.

ACE Limited reported net income for the quarter ended March 31, 2013, of USD 2.77 per share, compared with USD 2.84 per share for the same quarter last year. Operating income was USD 2.17 per share, compared with USD 2.05 per share for the same quarter last year. Book value and tangible book value per share increased 1.6% and 2.2%, respectively, from December 31, 2012.

American International Group, Inc. (NYSE: AIG) today reported net income attributable to AIG of USD 2.2 billion and after-tax operating income of USD 2.0 billion for the quarter ended March 31, 2013, compared to net income attributable to AIG of USD 3.2 billion and after-tax operating income of USD 3.0 billion for the first quarter of 2012.

MetLife reported operating earnings of USD 1.6 billion, or USD 1.48 per share, up 12% over the first quarter of 2012, reflecting growth in all three business regions. Operating earnings in the Americas grew 12%, Asia increased 11% (12% on a constant currency basis) and Europe, the Middle East and Africa (EMEA) grew 21% (17% on a constant currency basis).

U.K. insurer Aviva PLC (AV.LN) Thursday said its progress in turning the company around is "satisfactory", after posting an 18% rise in the value of new business in the first quarter, helped by stronger contributions mainly from the U.K., as well as from France, Turkey and Asia.

For the first quarter of 2013, ALLIANZ achieved total revenues of around EUR 32 billion, announced the German insurance group. This represents an increase of 6.6% compared with the revenues in the previous year's first quarter, of EUR 30.1 billion.

CROATIA Osiguranje reported a gross profit amounting to HRK 35.6 million (cca. EUR 4.7 million) for 1Q2013, which is an increase of 34.5% as compared with the same period of the previous year, according to the press release published by the insurance group on The Zagreb Stock Exchange web-site.

The French reinsurer SCOR Global P&C (SGPC) has recorded a premium growth of 6% at constant exchange rates with regard to the EUR 386 million of premiums up for renewal on 1 April 2013.

The SAVA Re Group earned a net profit of EUR 11.8 million in 2012, which is almost three times the 2011 figure, while the GWP of EUR 270.7 million was up by almost 5% over/since 2011.

For the first three months of the current year the GWP of the Bulgarian insurance group EUROINS registered a 5.7% growth, reaching EUR 40.9 million compared with EUR 38.7 million for January-March 2012, according to preliminary data published by the group.

USD 2.9 billion was the total revenue reported by the risk and insurance brokerage service provider AON for the first quarter of 2013. The figure is 2% higher compared with the same period a year earlier. At the same time, AON's net income increased by almost 10% y-o-y, to USD 261 million.

MARSH & MCLENNAN Companies reported for the first quarter of 2013 an operating income of USD 607 million, representing a 15% increase y-o-y, while the consolidated revenue was USD 3.1 billion, or 2% more y-o-y. The adjusted operating income rose by 16%, to USD 615 million, while the net income attributable to the Company was USD 413 million (or USD 0.74 per share) compared with USD 347 million (or USD 0.63 per share, in 1Q2012).

The Generali Group completed the purchase from PPF Group of the first tranche of GPH shares - 25% - for an amount of EUR 1,286,000,000, under the terms of the agreement announced on 8 January 2013.

Italy-based Assicurazioni GENERALI has appointed Luciano CIRINA as CEO of GENERALI PPF Holding, the insurer's company for Central and Eastern Europe. Luciano CIRINA will leave his current position (as CEO of GENERALI Holding Vienna), which will be assumed by the company's current CFO, Peter THIRRING. The appointment follows the GENERALI's agreement with PPF Group to acquire 100% of GPH.

ALLIANZ SE has officially announced the acquisition of the Turkish YAPI KREDI Sigorta, the 5th largest property and casualty insurer in the country, including its subsidiary YAPI KREDI Emeklilik, the life and pension business, ranked 4th. The deal also includes a 15-year exclusive distribution agreement with the YAPI KREDI Bank. "The transaction with YAPI KREDI is a unique opportunity to move into a market-leading position in one of Europe's key growth markets," said Oliver BATE, member of the board of management of ALLIANZ SE.

Gross premiums written by the GENERALI's subsidiaries across the Central and Eastern Europe region amounted to EUR 4.1 billion in 2012, of which EUR 1.7 billion for life insurance and EUR 2.4 billion for the property & casualty lines. The CEE business represented 4% of the Group's life insurance GWP, while for the property & casualty insurance segment, the region's contribution to the overall GWP volume was of 11%. The total operating result in CEE stood at EUR 514 million, of which EUR 184 million for life insurance.