News - Re/Insurance groups

MMC reported Q1 revenue worth USD 6.5 billion

MMC - MARSH McLENNAN posted Q1 2024 consolidated revenue worth USD 6.5 billion, representing an increase of 9% compared with the first quarter of 2023, while operating income rose 12% to USD 1.9 billion.

Swiss Re publishes its 2023 Financial Condition Report

Swiss Re published the 2023 Financial Condition Report for the Swiss Re Group and its regulated re/insurance legal entities domiciled in Switzerland for the reporting period ended 31 December 2023.

PZU’s SB appointed new BoD President and BoD Members

Polish insurer PZU informed in a statement that on 27 March 2024, the Company's Supervisory Board (SB) appointed new President of the PZU SA Management Board and other three Members. “The resolutions came into force upon adoption. All appointments are effective as of 12 April 2024 for a joint term of office covering three full fiscal years 2023–2025.”, informed PZU.

Marsh to acquire majority share in Moroccan broker Beassur Marsh

Global insurance broker Marsh announced that it intends to exercise its option to acquire the majority of shares in Beassur Marsh, a leading insurance broker in Morocco. The announcement follows Marsh’s acquisition of a stake in the business in June 2019. Terms of the transaction were not disclosed.