News - Re/Insurance groups
Eurohold Bulgaria’s assets increase by 11.8% in 2024
One of the leading energy and financial groups in Southeast Europe - Eurohold Bulgaria AD, ended 2024 with a significant increase in profitability, according to the holding's consolidated financial report for 4Q2024.
Sava Insurance Group surpasses two milestones: EUR 100 million of pre-tax profit and EUR 1 billion of business volume
Sava Insurance Group announced unaudited results for 2024 – the company surpassed two milestones: EUR 100 million of pre-tax profit and EUR 1 billion of business volume.
In 2024, Triglav Group delivered very strong results across all business segments, exceeding plans
Slovenia's biggest insurer Triglav Group announced its 2024 result. The Group’s earnings before tax amounted to EUR 159.0 million (2023: EUR 21.1 million) and its net earnings reached EUR 131.4 million (2023: EUR 16.3 million).
WTW appoints Paul Reilly as Non-Executive Chair of the Board, who will succeed Paul Thomas
WTW, a leading global advisory, broking and solutions company, announced that its Board of Directors has appointed Paul Reilly to succeed Paul Thomas as Non-Executive Chair of the Board following WTW’s 2025 Annual General Meeting (AGM) to be held in May 2025.
SCOR reports strong Q4 2024 performance with EUR 233 million Net Income and 22.8% ROE
SCOR delivered EUR 233 million net income in Q4 2024, supported by robust performance across all business lines. The P&C combined ratio stood at 83.1%, benefiting from a low natural catastrophe ratio of 6.4% and disciplined reserving. The L&H insurance service result reached EUR 119 million, while investments yielded a solid 3.6% return.
Adris grupa achieves successful business results in 2024
According to the unaudited consolidated reports for 4Q2024, Adris Grupa achieved total consolidated revenue of EUR 1.1 billion, which is 11% more y-o-y, the Group said in its press release.
Swiss Re delivers a 15% ROE for 2024, net income reaches USD 3.2 billion
Swiss Re reported a net income of USD 3.2 billion in 2024, with a net income of USD 1.1 billion for the fourth quarter and a return on equity (ROE) of 15.0% for the full year. The Board of Directors will propose a dividend of USD 7.35 per share, the company said in its press release.
AXA delivers a very strong performance in 2024
AXA announced its full year 2024 earnings. Gross written premiums & other revenues reached EUR 110 billion, up +8% y-o-y, the company said in its press release.
In 2024 Munich Re increased its annual profit by more than EUR 1 billion y-o-y
Munich Re in 2024 posted a net result of EUR 5,671 million, which is higher than the original profit target of EUR 5.0 billion.
In 2024, Allianz delivers another set of record financial results
Allianz announced its 4Q2024 and FY2024 results. In 2024 total business volume increased strongly by 11.2% to EUR 179.8 billion. Adjusted for foreign currency translation and consolidation effects, internal growth was 11.9%. The Life/Health business was the main growth driver, with strong contribution also from the Property-Casualty segment.
ERGO paid out over EUR 212 million in claims in the Baltic States last year
In 2024, ERGO paid out EUR 212 million to customers in the Baltic States, of which EUR 56 million in Latvia, EUR 101 million in Lithuania, and EUR 55 million in Estonia, the Latvian Insurers Association (LAA) said in its press release.
Chubb has leadership changes in Europe, Middle East and Africa and North America
Chubb, a world leader in insurance, announced that Ana Robic, Senior Vice President, Chubb Group and currently Division President of Personal Risk Services (PRS), Chubb North America, has been appointed Regional President of Europe, Middle East and Africa, the company said in its press release.
SCOR announces appointment of Vikas Mahajan as Head of Agriculture and retirement of René Kunz
SCOR announced retirement of René Kunz, Head of Agriculture at SCOR P&C, after nearly 20 years of dedicated service to the role and the Group. He will be succeeded by Vikas Mahajan, effective May 1st, while René will remain at SCOR until July to ensure a smooth transition, the company said.
Aviva had another year of excellent performance and consistent delivery
Aviva, one of the UK’s leading Insurance, announced its 2024 results. According to the company’s press release, the Group’s operating profit was up 20% to GBP 1,767 million (vs 2023: GBP 1,467 million).
MetLife elects Christian Mumenthaler to its Board of Directors
MetLife, one of the world’s leading financial services companies, announced that Christian Mumenthaler has been elected to its board of directors, effective May 1, 2025.
Kera McDonald appointed Swiss Re’s Group Chief Underwriting Officer as of 1 June and Patrick Raaflaub to retire by the end of September 2025
Swiss Re announced that Kera McDonald, currently Chief Underwriting Officer of Swiss Re Corporate Solutions, is appointed Group Chief Underwriting Officer as of 1 June 2025, subject to regulatory approval.
Andrzej Klesyk to head the PZU Management Board
On 27 February 2025, the PZU SA Supervisory Board adopted a resolution on appointing Andrzej Klesyk to the company's management board, entrusting him with the function of the President of the PZU SA Management Board, subject to approval of the Polish Financial Supervision Authority.
Swiss Re Corporate Solutions appoints Chief Underwriting Officer; introduces Market Unit structure
Swiss Re’s commercial insurance arm announced today that Katie McGrath is appointed Chief Underwriting Officer. It also unveiled a new organisational structure to serve corporates and brokers more closely at country level with the introduction of Market Units.
Zurich delivered record results in 2024, driven by strong momentum in all areas of the business
Zurich Insurance Group (Zurich) delivered record results, driven by strong momentum in all areas of the business, with P&C and Life achieving their highest-ever business operating profits and the Farmers Exchanges lowering their combined ratio by 12 percentage points in just one year.
NN Group reports very good results for 2024 showing it is well on track in the delivery of its strategy focused on customers, people, and contribution to society
NN Group, an international financial services company, continued strong business performance in 2024. Full-year operating result increased to EUR 2.6 billion; the net result increased to EUR 1.6 billion from EUR 1.2 billion in 2023.
10 March 2025