News - Re/Insurance groups
Hartwig Löger takes over VIG’s management; Elisabeth Stadler retires from the operational career
On July 1, 2023, Hartwig Löger will take over the position of CEO of the Vienna Insurance Group (VIG) from Elisabeth Stadler. Peter Höfinger becomes Deputy Chairman of the Management Board.
29 June 2023Generali to acquire Liberty Seguros for EUR 2.3 billion
Generali announced it has reached an agreement with Liberty Mutual for the purchase of Liberty Seguros, a Spanish insurance company operating in Spain, Portugal Ireland and Northern Ireland.
21 June 2023Talanx to buy Liberty Mutual business in Latin America
The German insurance group Talanx announced its Retail International division has signed a purchase agreement to acquire the Liberty Seguros personal and small commercial business in Brazil, Chile, Colombia, and Ecuador.
21 June 2023Paul Davies named Vice Chair of Aon
Global re/insurance broker Aon announced that Paul Davies has taken on the role of Vice Chair of the company, reporting to Aon CEO Greg Case.
21 June 2023WTW appoints Diya Luke to lead its global Investments business
Global broker WTW announced the appointment of Diya Luke as global head of Investments, effective July 1. She will report to Julie Gebauer, head of Health, Wealth & Career and succeeds Chris Ford, who will retire at the end of June.
21 June 2023Aegon completes the sale of CEE businesses to VIG
Dutch insurer Aegon announced the completion of the divestment of its businesses in Poland and Romania to Vienna Insurance Group for EUR 125 million.
13 June 2023Eurohold posted Q1 net profit worth EUR 135 million
Eurohold Bulgaria, one of the largest energy and financial group in CEE, posted an increase in its financial results in the first quarter due to improved profitability of its energy business and stable results from the insurance operations, shows the consolidated report of the company for the period.
13 June 2023The 35th International Insurance Tennis Tournament hosted by Milli Re announces the winners
The 35th round of traditional "International Insurance Tennis Tournament" hosted y Milli Re, one of the most well-established sports events in Turkey and one of the longest-running sport events in the sector, took place at Miltas-Suadiye Sports Complex in between 9-11 June 2023.
13 June 2023VIG's headquarter fully powered by green energy
Since the end of May, two photovoltaic systems have been supplying Vienna Insurance Group's headquarters in the Austrian capital city with sustainable solar power. VIG expects this technology will make a valuable contribution to the Group's sustainability strategy as this is a significant part of its business model.
8 June 2023Rachel Turk in the new role of Chief Underwriting Officer of Lloyd's
Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, today announces the appointment of Rachel Turk in the new role of Chief Underwriting Officer
8 June 2023Zavarovalnica Triglav will pay EUR 2.50 gross per share in dividents
The General Meeting of Shareholders of Zavarovalnica Triglav d.d., approved the allocation of EUR 56.8 million for dividend payment or EUR 2.50 gross per share. This represents more than 50% of the Triglav Group's net profit for 2022 and a 7% dividend yield.
7 June 2023Sava Re will pay dividends of EUR 1.60 gross per share for the fiscal year 2022
The shareholders of Slovenian Sava Re Group adopted the proposal of the management and supervisory boards to use EUR 24.8 million of the profits for dividends. The dividend is EUR 1.60 gross per share, payable on 21 June 2023 to shareholders of record on 20 June 2023.
7 June 2023Triglav Group, Q1 2023: increasing business volume, but lower profitability due to the difficult economic context
In Q1 2023, the Triglav Group increased its total business volume to EUR 484.6 million (+9% y-o-y) and generated EUR 18.5 million in profit before tax (-37% y-o-y). Results were affected by the more challenging business conditions accompanied by the effects of inflation, higher claim intensity, a lower health insurance result and the effects of methodological decisions in the transition to IFRS 17 and IFRS 9 accounting standards.
31 May 2023Vienna Insurance Group reports double-digit premium growth in first quarter of 2023; the Group's solvency ratio stands at 284%
Vienna Insurance Group (VIG) continues to be on a growth path in Q1 2023, with premiums written according to IFRS 4 increasing y-o-y by 12.1% to EUR 3,871 million. Despite numerous economic and geopolitical uncertainties, VIG remains cautiously optimistic for 2023 as a whole and still aims for a positive operating performance.
31 May 2023Sava Insurance Group, Q1 2023: high growth in business volume and net profit of over EUR 20 million
Unaudited financial results of the Sava Insurance Group for Q1 2023 show a business volume up by 9.9% to EUR 260.2 million, while the net profit reached EUR 20.1 million, significantly higher y-o-y. Estimated solvency ratio was of 180% - 186%, well within optimal capitalization range.
31 May 2023AIG to Sell Validus Re to RenaissanceRe
AIG announced that it has entered into a definitive agreement to sell Validus Re, including AlphaCat and the Talbot Treaty reinsurance business, to RenaissanceRe Holdings Ltd. for USD 2.985 billion, consisting of USD 2.735 billion in cash and USD 250 million in RenaissanceRe common shares.
30 May 2023UNIQA posted Q1 business growth and high profitability levels
The premiums written of UNIQA Insurance Group AG rose by 6.5% to EUR 1,980 million in the first quarter of 2023 compared to the same period of the previous year, as the Austrian insurer announced in a statement.
30 May 2023Generali is again "Gold Class" in the .trust ranking by Lundquist
The Generali Group is among the best-in-class in promoting a strategic and purpose-driven narrative, in addressing sustainability and climate change issues, in talent attraction, and in using different formats for even more engaging and effective content, according to Lundquist's ranking.
30 May 2023Lloyd's appoints Rachel Turk as CUO
Lloyd's of London announced the appointment of Rachel Turk in the new role of Chief Underwriting Officer.
30 May 2023Allianz appoints leadership for Allianz Commercial key markets
German insurance group Allianz announced that Agust?n de la Cuerda is appointed as Commercial Managing Director for Iberia, and David Colmenares as Commercial Managing Director for Latin America.
30 May 2023
