News - Re/Insurance groups
Mercer and Oliver Wyman release 2024 Global Insurance Investment Survey
Mercer and Oliver Wyman, businesses of Marsh McLennan, released their 2024 Global Insurance Survey. Drawing on insights of more than 80 insurers globally, the survey highlights their investment and portfolio positioning plans for 2024 and beyond.
17 April 2024Swiss Re publishes its 2023 Financial Condition Report
Swiss Re published the 2023 Financial Condition Report for the Swiss Re Group and its regulated re/insurance legal entities domiciled in Switzerland for the reporting period ended 31 December 2023.
17 April 2024Zurich Insurance Group: Michel M. Liès confirmed for a new mandate as Chairman of the Board
The shareholders of Zurich Insurance Group Ltd (Zurich) confirmed Michel M. Liès as Chairman of the Board of Directors (Board) at today’s Annual General Meeting (AGM). They also elected John Rafter as a new member and confirmed all current Board members who stood for re-election.
11 April 2024Triglav: 2023 results affected by one-off events, operations expected to normalize in 2024
The Slovene re/insurance group Triglav informed in a statement that its Supervisory Board approved the Audited Annual Report for 2023. According to the Report, Triglav Group increased its total business volume by 12% to EUR 1,780.2 million in 2023, while maintaining its financial stability and high capital adequacy.
9 April 2024Croatia Osiguranje to distribute a dividend of EUR 116.37 per share (EUR 50 million in total)
Croatia Osiguranje, the country's top insurer, will propose to its shareholders to distribute a dividend of EUR 116.37 per share on preferred and ordinary stock, or almost EUR 50 million in total, SeeNews said.
9 April 2024AXA’s Climate's Climate School will train the group’s individual shareholders on the challenges of climate change
AXA announced the roll-out of its Climate's Climate School, a training offer on the challenges of climate change to its individual shareholders, thus confirming its ambition to be a responsible player in society in the face of environmental challenges.
4 April 2024Starting July 1st, Andreas BERGER will take over Christian MUMENTHALER’s place as Swiss Re Group CEO
Swiss Re announced that Andreas BERGER will become Group CEO, effective 1 July 2024, taking over from Christian MUMENTHALER, who will step down.
4 April 2024Marsh launches facility providing cover up to USD 825 million for digital asset custodians
Global insurance broker Marsh, part of Marsh McLennan, announced the launch of a new insurance facility for custodians of digital assets, including financial institutions. “The largest facility of its kind, it provides insurance capacity up to USD 825 million and is available to Marsh clients globally”.
2 April 2024Lloyd’s reports outstanding performance in FY2023 results
Lloyd’s re/insurance marketplace FY2023 solid profitability on both the underwriting and investment sides, and a strong balance sheet.
2 April 2024Achmea and Fairfax to sell Canadian start-up Onlia
Dutch insurer Achmea and Canada's Fairfax Financial Holdings Limited have reached an agreement on the sale of online insurance agency Onlia to Southampton Financial Inc..
2 April 2024PZU’s SB appointed new BoD President and BoD Members
Polish insurer PZU informed in a statement that on 27 March 2024, the Company's Supervisory Board (SB) appointed new President of the PZU SA Management Board and other three Members. “The resolutions came into force upon adoption. All appointments are effective as of 12 April 2024 for a joint term of office covering three full fiscal years 2023–2025.”, informed PZU.
2 April 2024Stefan SPERLICH will head the newly created cyber and digital business unit of Hannover Re
German reinsurer Hannover Re announced it will combine its global business in the areas of cyber and digital to “further strengthen its underwriting expertise by creating a new specialty reinsurance business unit”.
2 April 2024Talanx posted record Group FY2023 net income and lifts earnings targets
After again generating record Group net income of EUR 1,581 million in financial year 2023, the Talanx Group is proposing that the General Meeting lift the dividend per share by 35 cents to EUR 2.35.
25 March 2024Marsh to acquire majority share in Moroccan broker Beassur Marsh
Global insurance broker Marsh announced that it intends to exercise its option to acquire the majority of shares in Beassur Marsh, a leading insurance broker in Morocco. The announcement follows Marsh’s acquisition of a stake in the business in June 2019. Terms of the transaction were not disclosed.
25 March 2024Hannover Re beats FY2023 earnings target and raises dividend
German reinsurer Hannover Re generated Group net income of EUR 1.8 billion for the 2023 financial year (previous year: EUR 0.8 billion) and thus beat its guidance of at least EUR 1.7 billion.
25 March 2024Hannover Re appoints Swiss Re executive Thorsten Steinmann to the Executive Board to succeed Michael Pickel
The Supervisory Boards of Hannover Ruck SE and E+S Ruckversicherung AG have appointed Thorsten Steinmann as a member of the Executive Board of Hannover Re and E+S Ruck effective 1 September 2024. He will succeed Michael Pickel, who will retire on 31 December 2024 after 25 successful years at Hannover Re.
25 March 2024VIG: Christoph RATH appointed as deputy member of the Managing Board
At today's meeting of the Supervisory Board of Vienna Insurance Group (VIG),
21 March 2024VIG Re, FY2023: celebrates its 15th anniversary with record results and an A+ S&P FSR rating
In 2023, VIG Re – the reinsurance arm of the Vienna Insurance Group -, reported GWP growth by 13.7%, to EUR 900.7 million, driven by significant growth of the non-life treaty business across all segments. Under the new IFRS 17/9 accounting standards, insurance service revenue for the year was EUR 819.4 million.
21 March 2024The macroeconomic & geopolitical insecurity undermines the business confidence in 2024
According to the 2024 Political Risk Report recently released by the global insurance broker Marsh, despite continued volatility and uncertainty, there are substantial global growth opportunities that organizations may benefit from, if these risks are managed effectively.
19 March 2024Austrian insurers ended 2023 with business worth EUR 22 billion
Premiums written by Austrian insurers during FY2023 stood at EUR 21.95 billion, an increase of 5.43% or EUR 1.13 billion compared with the preceding year. During the 4th quarter of 2023 alone, there was an increase in premium volume of +7.51% y-o-y to EUR 4.99 billion compared with Q4 2022, according to a press released by the Austrian Financial Market Authority (FMA)
19 March 2024
