Eurohold Bulgaria, the majority owner of Electrohold and Euroins Insurance Group, received a Stable Outlook on its Long Term Issuer Default Rating, by Fitch Ratings, one of the three leading rating agencies worldwide.
Euroins Insurance Group AD (EIG), part of urohold Bulgaria AD and a leading holding in Central, East and Southeast Europe (CESEE), reported record-breaking premium income and profit in 2021, shows the company's annual consolidated and audited financial statement for the period.
Insurers have reported that there is still a huge amount of work to complete in order to successfully deliver IFRS 17 ahead of the 2023 deadline, according to a global survey by WTW.
Croatian conglomerate ADRIS Grupa with business in tourism, food production and insurance (Croatia Osiguranje) announced on the occasion of its Group AGM that the YE 2021 net result of more than HRK 400 million (~EUR 53 million) "is still below the company's potential".
Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced the acquisition of Clark Insurance, a leading independent agency in Maine. Terms of the acquisition were not disclosed.
Bulgarian holding Eurohold reported record-breaking revenue and nearly tripled its profit in the first quarter of 2022, according to the company's consolidated interim financial statement.
Dutch insurance group Aegon announces it has decided to sell its 50% stake in the Spanish insurance joint venture with Liberbank to Unicaja Banco. The sale is expected to close in the second half of 2022, subject to regulatory approval.
Assicurazioni Generali informs that non-independent director Francesco Gaetano CALTAGIRONE has resigned from the Board with immediate effect. The reasons have not been disclosed.
HDI International AG, a subsidiary of Talanx Group, is strengthening its operations in its core market Brazil through the acquisition of the retail business of Sompo Seguros S.A.
The toll of almost three years of unrelenting workplace disruption, digital transformation and ransomware attacks means most leaders are no more confident in their ability to manage cyber risk than they were two years ago, according to a new report published by insurance broker Marsh and Microsoft Corp.
Dutch insurer Aegon announced its Q1 2022 net result increases by 7% compared with the first quarter of 2021 to EUR 412 million, reflecting a EUR 372 million book gain from the sale of Aegon's businesses in Hungary and a non-economic loss on interest rate hedges.
Austrian UNIQA Insurance Group reported Q1 2022 premium growth of 4.3%, a consolidated net profit of EUR 106.4 million and investment income of EUR 169.6 million.
Italian insurer Generali announced Q1 2022 excellent profitability with growth in premiums and operating result.
Moody's announced that it has upgraded Generali's Insurer Financial Strength (IFS) rating to A3 from Baa1.
Slovenian insurance group Triglav reported Q 2022 aggregate revenue worth EUR 442.9 million, up by 12% y-o-y, while the volume of gross written premium increased by 10% to EUR 407.1 million year-on-year. At the same time, consolidated profit before tax totaled EUR 38.1 million, 20% more than in the same period last year.
Slovene re/insurance group Sava reported Q1 2022 operating revenue worth EUR 177.8 million (vs. EUR 177.8 million) and a net profit of EUR 16.8 million vs. EUR 23.5 million in Q1 2021.
Global re/insurance broker Marsh McLennan (MMC) announced that during its annual meeting, stockholders elected the entire slate of 2022 director nominees for a one-year term expiring at next year's annual meeting.
Zurich Insurance Group reported strong Q1 2022 business growth in both business lines. Thus, Property & Casualty (P&C) gross written premiums was up by 8% y-o-y to USD 11.93 billion, Life annual premium increased by 14% y-o-y to USD 996 million, while Farmers GWP expanded by 29% y-o-y to USD 6.88 billion.
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group reported Q1 2022 gross premium written worth EUR 3.025 billion, an increase of EUR 87 million vs. Q1 2021 (EUR 2.938 billion).
German insurance group Allianz informed that Q1 2022 total revenues rose by 6.2 % to EUR 44.0 billion (vs. EUR 41.4 billion), while the operating profit decreased by 2.9% to EUR 3.2 billion.