News - Insurance

Munich Re, Q1 2024: nearly 70% higher net results than in Q1 2023

Thanks to below-average major-loss expenditure, a high return on investment, and very good operational performance in all business segments, the Munich Re’s Q1 net result increased significantly to EUR 2,140 million. The Group confirmed its expectations for a EUR 5 billion profit in 2024.

AIG appoints Kelly Lafnitzegger Executive VP & CHRO

American International Group (AIG) announced that Kelly Lafnitzegger will join AIG as Executive Vice President and Chief Human Resources & Diversity Officer (CHRO), effective June 1, 2024. She will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and will be a part of AIG’s Executive Leadership Team.

AIG: David McElroy to retire on May 1, 2024

AIG - American International Group announced at the end of April that David McElroy will retire from AIG effective May 1, 2024. David McElroy “has agreed with AIG to accelerate his retirement date for personal reasons and will remain available to the Company”.

AON Q1 2024 total revenue increased to USD 4.1 billion

Global re/insurance broker AON informed its total revenue in the first quarter increased 5% to USD 4.07 billion compared to the prior year period, while total operating expenses in Q1 2024 increased 9% y-o-y to USD 2.6 billion.

Talanx achieves quarterly result of EUR 572 million

German insurance group Talanx informed it has started FY2024 with a strong first quarter exceeding the analysts' consensus of EUR 466 million with a preliminary consolidated net income of EUR 572 million. This development is primarily driven by the strong performance of the primary insurance activities.

UNIQA: Capital ratio increases to 255% and good expectations for 2024

The Austrian UNIQA Group report, solvency capital report and sustainability report for 2023 was published confirming the very positive developments of the companies in CEE, which made a substantial contribution of around 50% to its increased profitability.”