News - Re/Insurance groups
Nick Nadgauda to join MetLife as Executive Vice President and Chief Information Officer in March 2025
MetLife in December announced that Nick Nadgauda will join the company as Executive Vice President and Chief Information Officer, effective March 10, 2025, the company said in its press release.
The strategic partnership of Talanx AG with Meiji Yasuda Life Insurance Company to expire on December 31, 2025
The strategic partnership of Talanx AG with Meiji Yasuda Life Insurance Company (Meiji Yasuda) will expire by mutual agreement on December 31, 2025. Talanx therefore makes use of the termination option of the cooperation agreement agreed upon at the beginning of the partnership, the Group said in its press release in December.
John Latter to lead Claims for Chubb Overseas General Insurance
In December 2024 Chubb announced the appointment of John Latter to lead Claims for Chubb Overseas General (COG), effective immediately.
GrECo acquires majority stake in Comergon, expanding footprint to Greece and Cyprus
GrECo, the independent risk consultant & insurance broker in CEE, headquartered in Vienna, Austria, announced the acquisition of a majority stake in Comergon, a well-established privately-owned specialist insurance broker for corporate Property & Casualty risks as well as Health & Benefits in Greece and Cyprus.
Guy Carpenter: Renewal outcomes at year-end reflect reinsurers’ positive property experience over the last two years
According to Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, non-loss-impacted property catastrophe renewals saw notable risk-adjusted reinsurance rate reductions of 5% to 15% at January 1.
Aegon updates its net-zero targets for 2030
The Dutch insurer Aegon has updated its net-zero targets for 2030. This new set of targets reinforces Aegon’s commitment to transition its general account investment portfolio of around EUR 70 billion to net-zero greenhouse gas (GHG) emissions by 2050, supporting the global transition to a net-zero economy.
Sava Insurance Group estimates 2024 pre-tax profit at EUR 100 million, about 10% above the target
The Sava Insurance Group has assessed the key performance indicators and set its performance targets for 2025, and also has set new annual targets for each of its strategic business pillars on the road to delivering the Group’s 2023–2027 strategy.
S&P upgrades outlook on Slovenia’s Triglav Group from stable to positive
S&P Global Ratings has revised its outlook on Triglav Group from stable to positive. The rating action expresses the agency's expectation that Triglav Group’s profitably will grow in the coming years, it will continue to expand on international markets and occupy a leading market position in Slovenia, while maintaining its capital strength, the insurer said.
S&P improves outlook of Slovenia’s Sava Re and Zavarovalnica Sava to positive
S&P Global Ratings said it has revised the outlook on Sava Re and Zavarovalnica Sava to positive from stable and has affirmed its “A” financial strength and issuer credit ratings, the insurer reports.
Munich Re sets net profit target of EUR 6 billion in 2025
Munich Re is aiming for an IFRS net profit of EUR 6 billion in 2025 thanks to good operational performance in all business segments. Group insurance revenue is expected to reach EUR 64 billion in 2025, and return on investment to improve to above 3.0%, the Group said.
MetLife introduces New Frontier five-year growth strategy
MetLife, one of the world’s leading financial services companies, hosted its Investor Day in New York City on December 12 and introduced the company’s powerful five-year growth strategy, New Frontier.
MetLife and General Atlantic announced the formation of Chariot Reinsurance
MetLife and General Atlantic announced the formation of Chariot Reinsurance (Chariot Re), a to-be-registered Class E Bermuda-based life and annuity reinsurance company. Chariot Re is expected to launch in the first half of 2025 and will have a future strategic reinsurance partnership with MetLife.
Allianz introduces four new ambitious financial targets through 2027
Allianz introduces four new ambitious Group financial targets for the 2024-2027 period at its Capital Markets Day 2024 and commits to an attractive total payout ratio of at least 75% on average, according to the company’s press release.
AIG closes sale of its Corebridge ownership stake to Nippon Life for USD 3.8 billion
American International Group (AIG), a leading global insurance organization, announced that is has successfully closed the previously announced sale of approximately 120 million shares (21.6%) of its Corebridge Financial, Inc. common stock to Nippon Life Insurance Company for USD 31.47 per share, for an aggregate purchase price of USD 3.8 billion.
AIG and EBRD launch a highly innovative war risk insurance facility for Ukraine
AON, a leading global professional services firm, and the European Bank for Reconstruction and Development (EBRD) have structured a tailor-made and highly innovative facility supporting the revitalization of the war risk insurance market in Ukraine, the company said.
AXA’s Board of Directors appoints Ewout Steenbergen to replace Rachel Duan
Following the recommendation of the Compensation, Governance & Sustainability Committee, AXA’s Board of Directors has decided to appoint Ewout Steenbergen to replace Rachel Duan for the remainder of her mandate, that is until the 2026 Annual Shareholders’ Meeting, the press release says.
Talanx sets new targets to grow net income by 30% in 2027
The Talanx Group is setting its new targets for the next three years now that it is set to clearly exceed its 2025 targets a year ahead of schedule.
SCOR confirms core targets and its ambition to create significant value over 2025-2026
During its 2024 Investor Day in London, SCOR presented its new L&H strategy and updated Forward 2026 strategic plan which was approved by Group’s Board of Directors at a meeting held on 11 December 2024.
AM Best upgrades Generali’s FSR rating to "A"+ from “A”. Outlook stable
AM Best has upgraded Generali's Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” (Superior) from “a+” (Excellent). The outlook is stable.
New UNIQA strategy announced: Profitable growth, progressive dividends
UNIQA’s new “Growing Impact 2025 – 2028” strategy announced today aims for an average premium growth of 5%/year and net combined ratio consistently below 94%; annual growth in consolidated profit of > 6% and a stable and sustainable ROE after taxes of over 12%, as well as an annual increase in dividend per share.
8 January 2025