News - Re/Insurance groups

Generali completes the acquisition of Liberty Seguros

Italian insurer Generali announced that it has completed the acquisition of Liberty Seguros, a Spanish insurance company operating in Spain, Portugal, Ireland and Northern Ireland, from Liberty Mutual. The agreement for the transaction was announced on 15 June 2023, being the “Generali’s largest deal in a decade”, as the insurer informed in a statement.

Aon FY2023 revenue increased 7% to USD 13.4 billion

Global re/insurance broker Aon reported FY2023 total revenue USD 13.4 billion, +7% compared to the prior year, while the net income attributable to Aon shareholders decreased to USD 2,564 million, or USD 12.51 per share, compared to USD 2,589 million / USD 12.14 per share, in the prior year.

MMC posted FY2023 revenue growth of 10%

MARSH McLENNAN reported for the full year 2023, revenue worth USD 22.7 billion, an increase of 10% compared with 2022. Operating income was USD 5.3 billion, and adjusted operating income rose 17% to USD 5.6 billion. Net income attributable to the Company was USD 3.8 billion, while Earnings per share increased 25% to USD 7.53. Adjusted earnings per share increased 17% to USD 7.99.

Zurich Group’s Mario GRECO receives prestigious Insurance Leader of the Year Award

Mario GRECO, CEO of Zurich Insurance Group, has been honored with the prestigious Insurance Leader of the Year Award for 2023 by St. John’s University’s Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science, which is part of The Peter J. Tobin College of Business. The annual award ceremony was held on January 23, 2024, in New York.

UNIQA becomes a member of the Eurapco Alliance

Following a successful one-year pilot project, Austrian insurer UNIQA Insurance Group AG announced it will become a permanent member of the Eurapco Alliance in 2024.

Letnar fails to comply with statutory requirements as Triglav SB member, ISA decided

The Slovenian insurer Zavarovalnica Triglav has been notified that the Slovenian Insurance Supervision Agency has issued an ex officio decision prohibiting Vinko Letnar, currently listed in the company register as a member of the Supervisory Board of Zavarovalnica Triglav, from fulfilling the role of a Supervisory Board member due to non-compliance with statutory requirements.

Eurohold is among the most liquid companies on the BSE

The largest public holding company in Bulgaria – Eurohold – the owner of Euroins Insuran Group (EIG), is one of the most liquid companies on the Bulgarian Stock Exchange (BSE) for another year. In 2023, the holding is the second most liquid stock due to active trading of its securities.