News - Insurance


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.

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.

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.







KBC Group recorded a net profit of EUR 868 million in 3Q

KBC Group recorded a net profit of EUR 868 million in the third quarter of 2024. The insurance service result amounted to EUR 81 million (vs EUR 113 million and EUR 138 million in the previous and year-earlier quarters, respectively) and breaks down into EUR 45 million for non-life insurance and EUR 36 million for life insurance.



UKRAINE: ARX GWP increase by 14% in 9M2024

ARX, which is among top-5 insurers in Ukraine and operates in risk insurance, collected more than UAH 3.1 billion (~EUR 67.64 million) in premiums in the first 9 months of 2024, which is 14% more y-o-y. The company's paid claims amounted to almost UAH 1.3 billion/~EUR 28.36 million (+28% in UAH), Forinsurer writes.






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.