News - Re/Insurance groups
RVS 2024: disciplined underwriting is the basis for selective growth at Munich Re
The reinsurance market has achieved a sensible balance in an environment characterized by high demand, Munci Re representatives said at the “Rendez-Vous de Septembre” industry event in Monte Carlo.
11 September 2024RVS 2024: Hannover Re expects demand for high-quality reinsurance protection strongly increasing
Hannover Re anticipates prices and conditions to remain on a sustained stable level for the treaty renewals in property and casualty reinsurance as at 1 January 2025 and anticipates a balance of supply and demand in most markets.
11 September 2024RVS 2024: Swiss Re expects demand for reinsurance to grow, not only in risk capacity terms, but also in risk management expertise
"The key topics for the (reinsurance) industry remain largely unchanged from last year, but the challenges have intensified, leading to higher demand,” said Urs Baertschi, Swiss Re's Chief Executive Officer Property & Casualty Reinsurance in Monte Carlo. He named NatCat risks, economic uncertainty and geopolitical instability among the main reasons for which direct insurers seek reinsurance protection.
9 September 2024Tobias SONNDORFER will take over VIG Re’s top position starting 1 January 2025
VIG Re announced that effective January 1, 2025, Tobias SONNDORFER will succeed Johannes Martin HARTMANN as Chief Executive Officer and Chairman of the Board of Directors in line with the established succession plan.
4 September 2024New UNIQA's cultural projects supporting female filmmakers and other young artists in the CEE presented at the 30th Sarajevo Film Festival
Under the auspices of the 30th edition of the Sarajevo Film Festival, UNIQA presented the UNIQA SEE FUTURE Foundation's support project for women filmmakers in the region of Southeast Europe.
4 September 2024VIG, 1H2024: Premium increase in all lines of business and segments; earnings before taxes expected to reach up to 875 million by year-end
Austrian Vienna Insurance Group reported GWP of EUR 7,886.8 million in 1H2024, 7.9% up y-o-y. Premiums increased in all segments and all lines of business, the Group said. The underwriting income increased to EUR 5.9 billion (+10.0%), while earnings before taxes grew to EUR 481.0 million (+3.9%).
29 August 2024TRIGLAV Group, 1H2024: spectacular y-o-y growth of the gross profit supported by the non-life business and expansion of FOS activity
The Triglav Group delivered a strong performance in 1H 2024, its total business volume reaching EUR 942.9 million, 2% down y-o-y. The Group recorded a gross profit of EUR 89.5 million, significantly higher y-o-y. Based on 1H results, Triglav expects year-end gross profit in the range of EUR 130 - 150 million.
28 August 2024UNIQA Group, 1H2024: significant increased profitability and strong business growth in all markets
UNIQA Group’s earnings before taxes increased y-o-y by almost 20% in1H2024, supported by the 4.5% y-o-y growth recorded in Austria, the 12.3% increase in the Eastern Europe business, a moderate claims burden and very good performance with its investments, while the gross combined ratio stood at 87.3%.
28 August 2024Swiss Re: Anders Malmström will succeed John Dacey as Group CFO as of 1 April 2025.
Anders Malmström will succeed John Dacey as Swiss Re Group’s CFO, starting 1 April 2025, as John Dacey will retire from his executive role on 31 March 2025. Dacey will continue to represent Swiss Re as a non-executive director on the boards of FWD and CPIC.
31 July 2024Vienna Insurance Group with top rating “A+” and Stable Outlook
The international rating agency Standard & Poor's (S&P) has given the Vienna Insurance Group (VIG) an excellent rating of "A+" and a Stable Outlook. The "A+" rating with a stable outlook of the group's own reinsurance company VIG Re, based in Prague, was also confirmed.
19 July 2024"UNIQA Sustainable Business Solutions" with ESG consulting, active from 1 July
Staying true to its “living better together” motto, Austrian UNIQA Group is taking a further step beyond the traditional insurance business by establishing a new subsidiary, UNIQA Sustainable Business Solutions, that will support corporate customers in risk issues, transformation and ESG topics.
10 July 2024Slovanian Triglav Group announced the issuance of a 20.5-year subordinated bond
Zavarovalnica Triglav issued a 20.5-year subordinated bond (Tier 2 under Solvency II), callable after 10.5 years as part of the Triglav Group's regular capital management activities.
10 July 2024Generali joins Insurance Development Forum’s Infrastructure Resilience Development Blueprint
Generali announced its support for the Insurance Development Forum’s Infrastructure Resilience Development Blueprint, an initiative aiming to mobilize and facilitate insurance sector investments in infrastructure that will enhance the resilience of vulnerable communities to risks from climate change and other natural disasters.
10 July 2024Triglav: S&P affirms high "A" credit ratings with a stable medium-term outlook
S&P Global Ratings affirmed the "A" financial strength and issuer credit ratings with a stable medium-term outlook of the Triglav Group and thereby of its parent company Zavarovalnica Triglav and the Group member Pozavarovalnica Triglav Re. All individual elements of this year's rating are at the same level as last year and the rating is based solely on an assessment of the Group's standalone credit profile.
8 July 2024The merger of Polish VIG subsidiaries Wiener and Compensa finalized
As of July 1st, the merger of the Polish insurers belonging to the Vienna Insurance Group (VIG), Wiener and Compensa, became official. The newly created company operates under the Compensa brand and is ranking fourth among the VIG’s CEE subsidiaries.
4 July 2024POLAND: Generali CEE Holding completes acquisition of 4Life Direct
Following the necessary regulatory and competition approvals, Generali CEE Holding BV, the parent company of Generali subsidiaries in the CEE, announced it has completed the acquisition of 4LifeDirect sp. z o. o., an innovative life insurance distribution company in Poland.
2 July 2024Zurich to acquire AIG’s global personal travel insurance business
Zurich Insurance Group announced an agreement to acquire AIG’s global personal travel insurance and assistance business (AIG Travel) for USD 600 million, plus a potential additional earn-out payment.
2 July 2024Jarosław MATUSIEWICZ appointed President of the Board, subject to KNF’s approval
Jarosław MATUSIEWICZ was appointed to the Management Board of TUZ Ubezpieczenia, in which starting 1 July he performs the duties of the President, awaiting the consent of the Polish Financial Supervision Authority (KNF) to assume the function of President of the Management Board
2 July 2024Aon: Favorable renewal in a dynamic reinsurance market at mid-year
Global re/insurance broker Aon announced that the forthcoming launch of its Reinsurance Market Dynamics July 2024 report, which will provide a comprehensive analysis of the marketplace at the June/July 2024 reinsurance renewals - reveals that insurers generally achieved positive mid-year renewal outcomes, which included rate reductions for property catastrophe risk and improvements in terms and coverage.
2 July 2024Trabattoni appointed Chair of Generali Investments Luxemburg and Generali Real Estate SGR
Following the announcement on the new Group’s organizational structure, Generali announces that Carlo Trabattoni is appointed Chair of the Board of Directors of Generali Real Estate S.p.A. SGR (GRE SGR), the Group’s company focused on the management of real estate investment funds.
2 July 2024
