News - Re/Insurance groups

Hannover Re confirms FY 2022 profit guidance with sustained profitable growth in H1

German reinsurer Hannover Re is confirming its earnings guidance for 2022 after generating Group net income of EUR 649 million in the first six months (vs. EUR 671 million in H1 2021). At the same time, gross premium recorded further double-digit growth: +19.9% to EUR 17.3 billion vs. EUR 14.5 billion in H1 2021.

Marsh: Global commercial insurance prices increased 9% in Q2

Global commercial insurance prices increased by 9% in the second quarter of 2022 (down from an 11% increase in Q1), according to the Global Insurance Market Index released by global re/insurance broker Marsh, continuing a trend of moderating rate increases that began in Q1 2021. 

Generali Group, 1H 2022: operating result up to EUR 3.1 billion

Generali reported continued growth in the operating result in 1H 2022, reaching EUR 3.1 billion (+4.8%), thanks to the positive performance of the Life, P&C and Holding and other businesses segments. The net result was stable, excluding Russian impairments. Capital position remained extremely solid

Eurohold sold Avto Union and Eurolease Group

Bulgarian financial holding Eurohold announced it signed a contract for the sale of 100% of the capital of its subsidiaries Avto Union and Eurolease Group to Asterion Bulgaria AD.

Swiss Re posted H1 net income of USD 157 million

Swiss Re reported a net income of USD 157 million and an ROE of 1.6% for the first half of 2022, compared with a net income of USD 1.0 billion and an ROE of 8.2% for the same period in 2021.

AXA Germany to sell a closed life and pensions portfolio

AXA announced that AXA Germany has entered into an agreement with Athora Deutschland GmbH, a licensed insurer in Germany, to sell a portfolio of EUR 16 billion of life and pensions insurance reserves in Germany.

Generali co-opts Stefano Marsaglia to its BoD

The Board of Directors of Assicurazioni Generali announced the co-optation of Stefano Marsaglia as a member of the Board, following the resignation of Francesco Gaetano Caltagirone.

MMC posted strong end-June results

Global re/insurance broker MMC (MARSH McLENNAN) reported consolidated Q2 2022 revenue worth USD 5.4 billion, an increase of 7% compared with the second quarter of 2021. On an underlying basis, revenue increased 10%. Operating income was USD 1.4 billion, an increase of 11% from the prior year.

Three new Members join EIG Board

Three new members will join the Board of Directors of Bulgarian Euroins Insurance Group (EIG), the insurance subholding of Eurohold. They are Todor Danailov, Kremena Pateva and Prasun Singhal.

Lloyd's Europe appointed Bertrand Heugues as CUO

Lloyd's - the world's leading insurance and reinsurance marketplace, confirmed the appointment of Bertrand Heugues as Chief Underwriting Officer (CUO) of Lloyd's Europe - responsible for overseeing the strategic direction for underwriting, delegated authority management, claims and reinsurance business.

SCOR's CUO of IDI Jean Tuccella announces his retirement

French reinsurer SCOR announced that Jean Tuccella - Chief Underwriting Officer of Inherent Defects Insurance - has decided to retire, effective July 1st. His position will be taken over by Jaume Avella Fluvia who will stay part-time at SCOR until the end of January 2023 to ensure a smooth transition.

ERGO Versicherung Austria buys D.A.S. Rechtsschutz

The specialist on the Austrian legal protection market - D.A.S. Rechtsschutz AG changes ownership within ERGO Group AG, after Austrian subsidiary ERGO Versicherung AG buys the national legal protection specialist from the previous owner, ERGO Versicherung AG in Germany.