News - Re/Insurance groups

Fitch Raised Eurohold raiting outlook to STABLE

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.

EIG reports record results for 2021

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.

Marsh McLennan Agency acquires Clarke Insurance

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.

Aegon Q1 net result increases by 7% to EUR 412 million

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.

Triglav Group Q1 gross profit expanded by 20% to EUR 38.1 m

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.

MMC re-elects BoD during 2022 stockholders' meeting

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 starts 2022 with strong business growth

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.