Swiss Re Corporate Solutions appoints Michael Rüsch as Head DACH*, effective 1 April 2024. In this newly created role, Mr. Rüsch will be responsible for managing Swiss Re Corporate Solutions' strategy, development and performance in the German, Swiss and Austrian commercial insurance markets.
9 January 2024
Bulgarian Euroins Insurance Group (EIG), part of Eurohold Bulgaria, elected a new Board of Directors, composed of Assen Christov, Kremena Pateva, Todor Danailov and Irena Lalova, as the Bulgarian insurer informed in a statement.
9 January 2024
Austrian insurance group UNIQA informed that is the first insurance company in Austria to have ambitious targets to reduce emissions confirmed by Science Based Targets initiative.
18 December 2023
In 2024, Sava Insurance Group plans to exceed EUR 925 million in business volume and to achieve a net profit of at least EUR 70 million, corresponding to a return on equity of at least 10.5%.
18 December 2023
German re/insurer Munich Re is aiming for a net profit of EUR 5 billion in 2024 “thanks to consistently good operational performance in all business segments”. At the same time, Group insurance revenue is expected to reach EUR 59 billion in 2024 and return on investment to improve noticeably to above 2.8%.
18 December 2023
Global re/insurance marketplace Lloyd’s announced that ratings agency Standard & Poor’s (S&P), has revised its financial strength rating to ‘AA–’; outlook stable, from ‘A+’; outlook stable.
18 December 2023
Swiss Re announced today that it has acquired Fathom, a leading provider of water risk intelligence and flood models, based in Bristol, UK. Through this transaction, Swiss Re's Reinsurance Solutions division gains valuable expertise and a robust set of products, complementing its own data and risk capabilities in the field of flood perils – a major driver for constantly rising losses from natural catastrophes globally.
14 December 2023
Zurich Insurance Group announced that Claudia Cordioli will join the Group on March 1, 2024 as Group Chief Financial Officer (CFO) and member of the Executive Committee, subject to regulatory approval.
14 December 2023
Nina Klingspor was appointed as the new CEO of Central Europe for Allianz Group, taking over from Petros Papanikolaou who will be appointed as the new CEO of Allianz Global Corporate & Specialty SE (AGCS), with additional responsibility for leading Allianz Commercial globally. Both changes are effective as of January 1, 2024, subject to approval by the relevant corporate bodies.
13 December 2023
AM Best has confirmed Generali's Financial Strength Rating (FSR) of "A" (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a+". The outlook is stable, as the Italian insurer announced in a statement.
12 December 2023
Fitch Ratings has affirmed ‘B+’ Insurer Financial Strength Rating with stable outlook to Insurance Company Euroins AD (Euroins Bulgaria), the largest subsidiary of Euroins Insurance Group AD (ЕIG), as well as to EIG Re AD, the reinsurance company of the group, as the Bulgarian holding Eurohold – the owner of Euroins, announced in a
statement.
12 December 2023
VIG Re, the reinsurance company of Vienna Insurance Group,
announced the increase of its registered capital by the amount of EUR 100,000,000 in 2023 and the authorization of VIG Re’s Board of Directors to increase the registered capital by additional EUR 50,000,000 in the following two years.
12 December 2023
Triglav Group’s total business reached EUR 1,39 billion while GWP increased to EUR 1,28 billion, both indicators seeing a 12% y-o-y growth in the first 9 months of 2023. The group expects business volume to reach EUR 1.6 billion and earnings before tax between EUR 100 million and EUR 120 million in 2024.
6 December 2023
Allianz Direct, the Allianz Group's pan-European online insurer, is entering into a partnership with ING in the Netherlands. “This partnership offers companies and entrepreneurs, from sole traders to small- and medium enterprises, access to a wide range of Allianz Direct business insurance products. These insurance policies will be available from mid-2024 through ING's digital platforms”, the German insurer informed in a statement.
5 December 2023
Swiss Re announces new IFRS targets, including a net income of more than USD 3.6 billion for 2024 and a multi-year ROE of more than 14%, as the global reinsurer informed in a statement.
5 December 2023
In January-September 2023 Bulgarian holding Eurohold reported total revenues of more than BGN 2.75 billion (EUR 1.4 billion) and profit before interests, taxes and amortization (EBITDA) at the amount of BGN 415 million (EUR 211.8 million). The net financial result exceeds BGN 218 million (EUR 111.34 million).
5 December 2023
Austrian insurer VIG - Vienna Insurance Group informed it has increased its GWP to EUR 10.6 billion (EUR +1.1 billion or +11.4%) after the first nine months of 2023. At the same time, the Group’s solvency ratio remains very high at 303.8%.
5 December 2023
Vienna Insurance Group lets its shareholders continuously participate in its success since its initial listing on the Vienna Stock Exchange in 1994. With regard to dividend continuity and predictability VIG aims to pay in the future a dividend per share that is at least equal to that of the previous year and increases continuously depending on the operating earnings situation.
29 November 2023
Austrian insurance group UNIQA reported January-September 2023 premium growth of 9.4% to EUR 5.5 billion and a significant increase in earnings before taxes to EUR 305 million. “Above all, property and casualty insurance and health insurance contributed to this very satisfactory growth”, as the Austrian insurer pointed out in a statement.
27 November 2023
The Retail International division of the Talanx Group successfully closed its acquisition of the Liberty Seguros business with retail customers and small to mid-sized enterprises in Brazil on 22 November 2023, as the German insurer informed in a statement.
27 November 2023