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.
27 June 2022EIG 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.
27 June 2022Global insurance industry reveals huge work required before IFRS 17 goes live
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.
20 June 2022Croatia osiguranje's owner is operationally and financially ready to take the next business step
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".
15 June 2022Marsh 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.
6 June 2022Eurohold Group's revenue more than quadrupled in Q1 2022
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.
2 June 2022Aegon sells 50% stake in Spanish joint venture with Liberbank to Unicaja
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.
30 May 2022Generali announced the resignation of the Director Francesco Gaetano CALTAGIRONE
Assicurazioni Generali informs that non-independent director Francesco Gaetano CALTAGIRONE has resigned from the Board with immediate effect. The reasons have not been disclosed.
30 May 2022HDI International strengthens its position in core market Brazil
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.
30 May 2022Increased ransomware attacks and global threats tempering executive confidence in cyber preparedness
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.
30 May 2022Aegon 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.
24 May 2022UNIQA Q1 2022 net profit expanded to EUR 106.4 m
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.
24 May 2022Generali GWP increased by 6.1% in Q1 2022
Italian insurer Generali announced Q1 2022 excellent profitability with growth in premiums and operating result.
24 May 2022Generali, Moody's upgrades the IFS rating to A3 from BAA1
Moody's announced that it has upgraded Generali's Insurer Financial Strength (IFS) rating to A3 from Baa1.
24 May 2022Triglav 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.
24 May 2022Sava posted Q1 net profit worth EUR 16.8 m, 27.9% of 2022 annual target
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.
24 May 2022MMC 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.
24 May 2022Zurich 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.
19 May 2022AGCS posted Q1 2022 increasing business and operating profit
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).
18 May 2022Allianz confirmed FY2022 operating profit target of EUR 13.4bn, plus or minus EUR 1 bn
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.
18 May 2022
