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.
Last week, the Italian insurer Generali informed its Board of Directors (BoD) approved changes to the membership of the Board Committees.
Global commercial insurance prices increased 13% in Q4 2021, according to the Global Insurance Market Index
released by the insurance broker Marsh, continuing "a trend of moderating rate increases that began in Q1 2021. While this is the 17th consecutive quarter of increases, the rate of increase continues to moderate in many lines of business and in most geographies".
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.
Euroins Romania's headquarter moved to new premises, in an almost 2,400 sqm office floor located in J8 Office Park in Bucharest. The new office space allows the company the continuation of the recruitment of specialists that will add to the 300 employees of Euroins in Bucharest.
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.
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.
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.
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.
UniCredit and Allianz have signed a multi-country Framework Agreement, setting the basis for enhanced collaboration, benefiting clients of both companies and building on the companies' longstanding and highly successful bancassurance partnership since 1996.
In their newly published Economic Outlook 2022 report, Allianz Research takes a look at the global economic trends and identifies the main developments for 2022.
Assicurazioni Generali informs that the director Sabrina PUCCI, independent director and member of the Remuneration and Appointments and Risk and Control Committees, has announced her resignation from the Board due to personal reasons.
SCOR Investment Partners SE, the SCOR Group's asset management company, announces changes within its Business Development team to realize its third-party asset management growth ambitions and expand its client relationships.
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 (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.
Cyber perils are the biggest concern for companies globally in 2022, according to the Allianz Risk Barometer. The threat of ransomware attacks, data breaches or major IT outages worries companies even more than business and supply chain disruption, natural disasters or the Covid-19 pandemic, all of which have heavily affected firms in the past year.
Lloyd's announced a new operational structure for the delivery of its transformational Blueprint Two programme following the departure of Lloyd's Chief Operations Officer (COO) Jennifer RIGBY.
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.
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.
Assicurazioni Generali informed
that the director Francesco Gaetano CALTAGIRONE, Deputy Vice-Chairman, non-independent director and member of the Appointments and Remuneration; Corporate Governance, Social and Environmental Sustainability; Investments; and Strategic Operations Committees, has announced his resignation from the Board on Friday, January 13th.