News - Re/Insurance groups
Hannover Re is raising its full-year profit target to around EUR 2.3 billion
Hannover Re, one of the world’s leading reinsurers, generated Group net income of EUR 1.8 billion in the first nine months of the year, the Group said in its press release.
For the first time, Allianz placed among the 25 World's Best Workplaces 2024
For the first time, Allianz placed among the 25 World's Best Workplaces 2024 at #17. This global award builds on the 52 Allianz entities certified as a Great Place To Work®. Allianz’s strategic focus on upskilling, flexible work arrangements, and a strong culture of diversity are distinctive factors in the ranking, the company’s press release said.
Allianz continues strong performance through the 3Q2024
Allianz continued strong performance through the third quarter, achieving strong growth in business volume, operating profit, and net income, while reinforcing its financial strength, according to Oliver Bäte, Chief Executive Officer of Allianz SE. The group’s total business volume advances 17.3% to EUR 42.8 billion in 3Q2024 and rises 9.6% to EUR 133.9 billion in 9M2024, the group’s press release says.
Aviva has another quarter of strong delivery and profitable growth in 3Q2024
Aviva’s third quarter performance has been very strong. Trading continued to be extremely positive right across the business, underlining the strength of the consistent strategy and the significant benefits of Aviva's scale and diversification, according to the company’s press release.
Starting April 1st, Clemens Jungsthöfel will take over Jean-Jacques Henchoz’s place as Member of the Board of Management of Talanx AG
Jean-Jacques Henchoz, Member of the Board of Management of Talanx AG with responsibility for the Reinsurance division, will not extend his expiring contract at his own request and will leave the Board of Management of Talanx AG on 31 March 2025, the Group said.
Marsh McLennan welcomes the McGriff team after acquisition of McGriff Insurance Services
Marsh McLennan (MMC), a global leader in risk, strategy and people, announced that it completed the acquisition of McGriff Insurance Services, LLC. McGriff’s more than 3,500 colleagues will join Marsh McLennan Agency, the company said it its statement.
Christopher Schaper has been appointed Chief Risk Officer of AIG
American International Group (AIG), a leading global insurance organization, announced on November 12 that Christopher Schaper has been appointed Chief Risk Officer of AIG, effective immediately, and will continue to serve on AIG’s Executive Leadership Team.
SCOR, 3Q2024: looking ahead with confidence despite the negative EUR 177 million met income figure
French group SCOR reported Q3 2024 net income of EUR -117 million, a figure adjusted by excluding the mark to market impact of the option on own shares. The result was driven by a negative insurance service result (ISR) in L&H reinsurance, partially offset by very strong P&C and Investments performances.
Marsh McLennan appoints Jasminka Horvat Martinović at the top of its Croatian unit
Marsh McLennan appointed Jasminka Horvat Martinović, former director of the Croatian Association of Managers CROMA, as President of the Management Board of Marsh McLennan Croatia. She replaces Iva Rogović Lekić who left the company for GrECo Specialty, in Vienna.
NFP, an Aon company, to acquire a Wealth and Corporate Benefits Advisory Business
NFP, an Aon company and a leading international insurance brokerage and consulting firm, announced its acquisition of HC Financial, a financial planning and corporate employee benefits advisory business based in Galway, Ireland, Aon said in its press-release.
Generali included once again by Forbes in the World’s Top Companies for Women list
Generali was included once again by Forbes in the World’s Top Companies for Women list for its dedication to advancing women in the workplace, the company said.
Marsh appoints Alistair Fraser to the newly-created role of International Corporate & Commercial Leader
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan (MMC), announced the appointment of Alistair Fraser to the newly-created role of International Corporate & Commercial Leader, who, effective 1 January 2025, will report to Flavio Piccolomini, CEO, Marsh McLennan International, the company said.
GrECo Specialty welcomes new management setup
Iva Rogović Lekić, former President of the Management Board of the Marsh brokerage house in Croatia, will take over the position of President of the Management Board in the competing company GrECo specialty with headquarters in Vienna, osiguranje.hr wrote.
Lloyd’s appoints its new Chief People Officer
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, announced the appointment of Nathan Adams as its Chief People Officer, who will join Lloyd’s early next year, and will become a member of Lloyd’s Executive Committee, the press-release said. Nathan will replace Sara Gomez, who will be retiring from Lloyd’s at the end of the year.
Courtney Leimkuhler joins the AIG Board of Directors
American International Group (AIG) announced that Courtney Leimkuhler, co-founder and Managing Partner of the venture fund, Springbank, has been elected to its Board of Directors as an independent Director, effective November 5, 2024, according to the press-release.
Change of leadership at Hannover Re
Hannover Re Chief Executive Officer Jean-Jacques Henchoz will leave the Executive Board of Hannover Re on 31 March 2025 as he not extending his expiring contract at his own request.
Swiss Re strengthens US liability reserves to USD 3.1 billion for 9M 2024
Swiss Re announced the strengthening of its P&C Re reserves in Q3, following a comprehensive review. The Group added USD 2.4 billion to P&C Re's prior year US liability reserves in the third quarter of 2024, bringing the total reserve additions to USD 3.1 billion for the first nine months of the year.
Munich Re: EUR 0.9 billion Q3 result; the Groups expects to outperform its EUR 5 billion target
Munich Re generated a net result of EUR 930 million in Q3 2024. The y-o-y decline in the quarterly result is attributable to above-average major losses from natural catastrophes. In the first three quarters, the net result amounted to EUR 4,692 million.
ZURICH, 3Q 2024: strong top-line growth across all businesses
Zurich Insurance Group (Zurich) delivered a robust performance in 9M 2024, with all businesses contributing positively. The P&C business continues to show strength while Life and Farmers build on their positive momentum.
WTW had another strong quarter fueled by revenue growth
WTW, a leading global advisory, broking and solutions company, announced financial results for the third quarter ended September 30, 2024 – the revenue was USD 2.29 billion, an increase of 6% as compared to USD 2.17 billion for the same period in the prior year, the company’s press release said.
19 November 2024