MUNICH Re, the world's biggest reinsurer, has increased its 2012 profit expectation to EUR 3 billion after posting a profit of EUR 2.7 billion for January-September 2012. At the same time, the GWP grew 5.3% to EUR 39.1 billion. The original profit guidance was for a total of EUR 2.5 billion in 2012.

The TALANX Group closed the first nine months of 2012 with an operating profit of EUR 1.3 billion, 83% more compared to 3Q2011 results - or increasing in absolute value by EUR 0.6 billion y-o-y. At the same time, the group's net income went up 68% to EUR 549 million, while the net premium earned improved by around 12% to EUR 15.9 billion.

Swiss ZURICH Insurance Group posted third-quarter net income of USD 477 million, 62% less than last year's USD 1.24 billion, while its business operating profit fell to USD 733 million from USD 1.12 billion in Q3 2011. At the same time, the company reported for January-September 2012 a net profit of USD 2.7 billion, down 16% compared with the previous year, while the business operating profit was USD 3.2 billion, unchanged compared with prior year.

MARSH & MCLENNAN companies reported consolidated revenue in the third quarter of 2012 of USD 2.8 billion, representing an increase of 1% compared the third quarter of 2011. Operating income rose 22% to USD 378 million, while the income from continuing operations was USD 246 million, compared with USD 133 million in Q3 2011.

KBC Group posted an IFRS-based net profit of EUR 531 million for the third quarter of 2012 against a net loss of EUR 539 million in the previous quarter and a net loss of EUR 1.58 billion in Q3 2011. For the first nine months of 2012, the same indicator was EUR 372 million, compared to EUR-424 million for January-September 2011. Excluding all exceptional and non-operating items, KBC ended the third quarter of 2012 with an underlying net profit of EUR 406 million, while for the first nine months, the value amounted to EUR 1.23 billion.

CEE markets accounted for about 6% of the aggregated gross premium of EUR 50.94 billion written by the GENERALI subsidiaries in 3Q2012. In terms of profitability, the CEE contribution to the total EUR 3.3 billion operating result (+9.4% y-o-y) was of about 9.5%. Commenting upon the overall Group's achievements in the first nine months of 2012, GENERALI Group CEO Mario GRECO said that the Italian insurer expects for the end of 2012 "a result in excess of € 4 billion, in line with the previously announced target."

French reinsurer SCOR reported net income of EUR 318 million during the first nine months of 2012, representing a 39.5% increase compared with the same period a year earlier. Gross written premiums increased 13% to EUR 7.21 billion over the same period, helped by a strong property & casualty reinsurance business.

SWISS Re reports very strong third-quarter net income of USD 2.2 billion (in comparison to USD 1.3 billion in the year-earlier period), and a return on equity of 28%, "driven by continued strong performance from P&C Reinsurance and a one-off gain from the sale of the ADMIN Re US business", as the company announced.

AON plc, the global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services, reported for the third quarter of 2012, total revenues of USD 2.7 billion, 1% more compared to the prior year quarter. At the same time, net income from continuing operations increased by 3%, to USD 204 million, or USD 0.62 per share, compared to USD 198 million (or USD 0.59 per share) in Q3 2011, announced the company.

Slovakia and Czech Republic were the best CEE markets for ALLIANZ Group in terms of operating profitability, shows the Group's financial statements for 3Q2012. However, looking to the GWP figures, the German insurance group ended the first three quarters of the current year with an 8% decrease of the property & casualty business, to EUR 1.84 billion, and a 12.5% growth for the life insurance segment, EUR 948 million. Unfavorable foreign currency translation effects affected the Group's aggregated results in the region with a bout EUR 3 million.

The global insurance company MAPFRE, has announced the financial results for the first nine months of 2012, whereby it recorded revenues of EUR19,412.6 million, a 10.5% rise compared to the same period of the previous year, driven by the sustained growth of the international business.

On November 2nd, 2012, Benjamin JOSAR was authorized by the Insurance Supervision Agency (AZN) as member of the Zavarovalnica Triglav's management board, where he will be in charge of finance, accounting, strategic planning and controlling and the management of subsidiaries. Matjaz RAKOVEC is President of Zavarovalnica Triglav's Management Board while the other board members are Andrej SLAPAR, Stanislav VRTUNSKI and Marica MAKOTER.

On Nov. 7, 2012, Standard & Poor's Ratings Services placed its 'A-' long-term counterparty credit and insurer financial strength ratings on TRIGLAV Insurance and TRIGLAV Reinsurance on CreditWatch with negative implications.

VIENNA Insurance Group has cash reserves of EUR 1.5 billion. Now, the insurance group wants to take over some small or medium-sized companies.

In the first nine months of 2012, the GWP of EUROINS Insurance Group increased by 40%, up to EUR 110.5 million compared to EUR 70.3 million in 3Q2011, according to preliminary data published by the Group.

Generali PPF Holding, a leading insurance group in CEE, Russia and CIS, headquartered in Prague, Czech Republic, reported robust underwriting performance and sustainable growth of the operating result. Thus, the total GWP reached EUR 2,070 million, 7% up y-on-y, while the operating result amounted to EUR 263 million (+2.8% y-o-y), driven by the Non-life segment and the Net Combined stable ratio reached 87.5%.

QBE European Operations has announced the restructure of QBE Re (Europe) Limited, which will take effect on 30 September 2012. This follows the formation of QBE Re that was announced on 7 March 2012 which brought together QBE Insurance Group's treaty reinsurance operations under a single global division.

The Vienna Insurance Group (VIG) has taken first place in the three-year rating of the "Banking and Insurance" category of Contrast Management Consulting's Strategic Performance Test for the third year in succession. The study, which was carried out for the 14th time, evaluates criteria such as return on equity, annual growth and shareholder return. The authors highlighted the fact that a clear strategy is vital to achieving financial success in a challenging operating environment.

UNIQA Group is preparing rigorously for its Re-IPO. As announced, UNIQA Group is taking the next steps to streamline its structure and make it more suitable for the stock market.
UNIQA Sachversicherung AG and CALL DIRECT Versicherung AG will merge with UNIQA Personenversicherung AG as the acquiring entity, which at the same time will be renamed UNIQA ?sterreich Versicherungen AG.

SAVA Re Group recorded a profit at the half-year of EUR 10.3 million, representing an increase of over 61% year-on-year, while, the reinsurance company SAVA Re, ended the first half of 2012 with a net profit of EUR 4.6 million, up 8.6% over the same period last year.