News - Re/Insurance groups

WTW reports 4% increase in 2021 revenue

Global re/insurance broker WTW posted 2021 total revenue of USD 9 billion, an increase of 4% y-o-y as compared to USD 8.62 billion a year before. FY 2021 income from operations was USD 2.2 billion, or 24.5% of revenue, an increase from USD 859 million or 10.0% of revenue compared to the prior year. Adjusted operating income was USD 1.8 billion, or 19.9% of revenue.

Generali to acquire La Medicale from Credit Agricole Assurances

Generali has signed an agreement for the acquisition of La Medicale, an insurance company for healthcare professionals, following the exclusive negotiation with Credit Agricole Assurances, announced last November, and the consultation of the dedicated workers' councils.

Lloyd's appoints Dawn Miller as Commercial Director

Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, announced the appointment of Dawn Miller as its Commercial Director reporting into Lloyd's Chief of Markets, Patrick Tiernan.

Generali: Caltagirone withdraws from the pact with Delfin and CRT

On 27 January 2022, the Companies of the Caltagirone Group - one of the largest shareholders of Italian Assicurazioni Generali have exercised their right of withdrawal from the consultation agreement with the other two: Delfin and Fondazione CRT.

Generali to become the majority shareholder in both its Life and P&C joint ventures in India

Following the announcement in 2021 by the Indian Government to permit the increase of Foreign Direct Investment limit in the insurance sector from 49% to 74%, the Italian insurer Generali announced it will become the majority shareholder of Future Generali India Insurance Company Limited and Future Generali India Life Insurance Company Limited. Thus, Generali is the first international player to step-up to majority in both the Indian life and P&C insurance sector.

MMC posted in 2021 the highest revenue and EPS growths in over two decades

Global brokerage firm MMC - Marsh McLennan reports FY2021 revenue of USD 19.8 billion, an increase of 15% compared with 2020, or 10% on an underlying basis. At the same time, operating income was USD 4.3 billion, and adjusted operating income rose 18% to USD 4.3 billion. Net income attributable to the Company was USD 3.1 billion. Earnings per share increased 56% to USD 6.13. Adjusted earnings per share increased 24% to USD 6.17 compared with USD 4.97 in 2020.

Willis Towers Watson to rebrand as WTW, combined with the company's new Nasdaq ticker symbol

Global brokerage firm Willis Towers Watson announced the rebranding as WTW, combined with the company's new Nasdaq ticker symbol. On January7th, the broker informed its ticker symbol on the Nasdaq stock market "will change to "WTW" at the open of market trading on Monday January 10, 2022". Willis Towers Watson has traded under the ticker "WLTW" since 2016.

Europ Assistance acquires Call 365 to create EA Slovenia

Europ Assistance (EA), a subsidiary of the Generali Group, announced the acquisition of Slovenia-based company Call 365. Call 365 has been operating as Europ Assistance exclusive partner in Slovenia for 3 years, providing roadside and travel assistance services to Slovenian customers and travelers to Slovenia.

Generali announced the resignation of the director Romolo BARDIN

Assicurazioni Generali informs that the director Romolo BARDIN, independent director and member of the Appointments and Remuneration; Investments; Strategic Operations; and Related Party Transactions Committees, has announced his resignation from the Board.

CROATIA Osiguranje elected two SB members

Croatian largest insurer CROATIA Osiguranje announced on the website of Zagreb Stock Exchange (Zagrebacka burza d.d.) that the General Assembly of the company adopted 18 January 2022 the decision on the election of Roberto Skopac and Hrvoje Patajac as members of the Supervisory Board of CROATIA osiguranje for a term of 4 years starting from the 24 April 2022.