News - Re/Insurance groups

UNIQA posted growth in H1 premiums written by 7.9% to EUR 3.7 billion

Austrian insurer UNIQA informed that during H1 2023 its premiums written rose by 7.9% to EUR 3,707.3 million vs. EUR 3,436.0 million a year before. “Above all, property and casualty insurance and health insurance contributed to this very pleasing growth”.

Achmea appoints Suha Cele as new CEO of Eureko Sigorta

Süha ÇELE joined Eureko Sigorta in 1999 and has been Chief Operating Officer with corporate sales responsibility and member of the Executive Board for the past ten years. He has also several responsibilities in the market, and he is a board member of the motor bureau and the agricultural pool.

Swiss Re reports H1 2023 net income of USD 1.4 billion

Global reinsurer Swiss Re reported a net income of USD 1.4 billion and a return on equity (ROE) of 22.8% for the first half of the year, compared with a net income of USD 157 million and an ROE of 1.6% for the same period in 2022. Swiss Re representatives informed the company maintains its guidance for full-year targets.

Edward Ler appointed as new CUO of ERGO Group

After 24 years with Munich Re Group, Clemens Muth, currently Chief Underwriting Officer at ERGO Group, has decided to leave the company at the end of 2023 with the expiry of his current contract to pursue other personal interests. Edward Ler, currently Executive Vice President and Head of Southeast Asia region at Chubb Asia Pacific in Singapore, has been appointed as his successor as of 1st January 2024.

MMC posted Q2 operating income worth USD 1.5 billion

MARSH McLENNAN (MMC) reported Q2 2023 revenue of USD 5.9 billion, an increase of 9% compared with the second quarter of 2022. Operating income was USD 1.5 billion, an increase of 7% from a year ago. Net income attributable to the Company was USD 1.0 billion, or USD 2.07 per diluted share, compared with USD 1.91 in the second quarter of 2022.

Aon Q2 revenue increased to USD 3.17 billion

Global re/insurance broker Aon reported Q2 2023 total revenue worth USD 3.17 billion, up by 7% y-o-y, while total operating expenses increased by 2% to USD 2.3 billion.

Peter Spires to step down as Lloyd's General Counsel

Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions confirmed that Peter Spires has decided to step down as General Counsel to pursue fresh challenges in the Lloyd’s market.

Teodora Petkova to head CEE UniCredit's business

Teodora Petkova, who has been leading starting May 2021 UniCredit's business in Eastern Europe for two years - with direct responsibility for Bosnia and Herzegovina, Bulgaria, Croatia, Romania and Serbia, and joint responsibility for Russia, will now also be responsible for the group's banks in Central Europe.