An optimized positioning of the Vienna Insurance Group (VIG), a strong focus on the target groups of investors and applicants, as well as a comprehensive area on the subject of sustainability are the core themes of the new website. For the first time, the website uses its own top-level domain with www.group.vig
On July 1, 2023, Hartwig Löger will take over the position of CEO of the Vienna Insurance Group (VIG) from Elisabeth Stadler. Peter Höfinger becomes Deputy Chairman of the Management Board.
Generali announced it has reached an agreement with Liberty Mutual for the purchase of Liberty Seguros, a Spanish insurance company operating in Spain, Portugal Ireland and Northern Ireland.
The German insurance group Talanx announced its Retail International division has signed a purchase agreement to acquire the Liberty Seguros personal and small commercial business in Brazil, Chile, Colombia, and Ecuador.
Global re/insurance broker Aon announced that Paul Davies has taken on the role of Vice Chair of the company, reporting to Aon CEO Greg Case.
Global broker WTW announced the appointment of Diya Luke as global head of Investments, effective July 1. She will report to Julie Gebauer, head of Health, Wealth & Career and succeeds Chris Ford, who will retire at the end of June.
Dutch insurer Aegon announced the completion of the divestment of its businesses in Poland and Romania to Vienna Insurance Group for EUR 125 million.
Eurohold Bulgaria, one of the largest energy and financial group in CEE, posted an increase in its financial results in the first quarter due to improved profitability of its energy business and stable results from the insurance operations, shows the consolidated report of the company for the period.
The 35th round of traditional "International Insurance Tennis Tournament" hosted y Milli Re, one of the most well-established sports events in Turkey and one of the longest-running sport events in the sector, took place at Miltas-Suadiye Sports Complex in between 9-11 June 2023.
Since the end of May, two photovoltaic systems have been supplying Vienna Insurance Group's headquarters in the Austrian capital city with sustainable solar power. VIG expects this technology will make a valuable contribution to the Group's sustainability strategy as this is a significant part of its business model.
Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, today announces the appointment of Rachel Turk in the new role of Chief Underwriting Officer
The General Meeting of Shareholders of Zavarovalnica Triglav d.d., approved the allocation of EUR 56.8 million for dividend payment or EUR 2.50 gross per share. This represents more than 50% of the Triglav Group's net profit for 2022 and a 7% dividend yield.
The shareholders of Slovenian Sava Re Group adopted the proposal of the management and supervisory boards to use EUR 24.8 million of the profits for dividends. The dividend is EUR 1.60 gross per share, payable on 21 June 2023 to shareholders of record on 20 June 2023.
In Q1 2023, the Triglav Group increased its total business volume to EUR 484.6 million (+9% y-o-y) and generated EUR 18.5 million in profit before tax (-37% y-o-y). Results were affected by the more challenging business conditions accompanied by the effects of inflation, higher claim intensity, a lower health insurance result and the effects of methodological decisions in the transition to IFRS 17 and IFRS 9 accounting standards.
Vienna Insurance Group (VIG) continues to be on a growth path in Q1 2023, with premiums written according to IFRS 4 increasing y-o-y by 12.1% to EUR 3,871 million. Despite numerous economic and geopolitical uncertainties, VIG remains cautiously optimistic for 2023 as a whole and still aims for a positive operating performance.
Unaudited financial results of the Sava Insurance Group for Q1 2023 show a business volume up by 9.9% to EUR 260.2 million, while the net profit reached EUR 20.1 million, significantly higher y-o-y. Estimated solvency ratio was of 180% - 186%, well within optimal capitalization range.
AIG announced that it has entered into a definitive agreement to sell Validus Re, including AlphaCat and the Talbot Treaty reinsurance business, to RenaissanceRe Holdings Ltd. for USD 2.985 billion, consisting of USD 2.735 billion in cash and USD 250 million in RenaissanceRe common shares.
The premiums written of UNIQA Insurance Group AG rose by 6.5% to EUR 1,980 million in the first quarter of 2023 compared to the same period of the previous year, as the Austrian insurer announced in a statement.
The Generali Group is among the best-in-class in promoting a strategic and purpose-driven narrative, in addressing sustainability and climate change issues, in talent attraction, and in using different formats for even more engaging and effective content, according to Lundquist's ranking.
Lloyd's of London announced the appointment of Rachel Turk in the new role of Chief Underwriting Officer.