On 24 November Vienna hosted a series of business and cultural events organized on the occasion of the 200 years Anniversary of the parent company of Vienna Insurance Group, Wiener Städtische Versicherungsverein. What began from just offering fire insurance in Austria, has become an insurance group that is the CEE market leader.

“Certainly, the future” – the new PZU Group strategy for 2025-2027 is based on 4 pillars that will strengthen PZU’s position as a leader in large-scale risk management and a partner that provides certainty in times of threats, the Group’s press release says.

Zurich Insurance Group has successfully acquired AIG’s global personal travel insurance and assistance business, including Travel Guard, for USD 600 million, plus a potential earn-out payment. The transaction makes Zurich one of the largest travel insurers globally, serving more than 20 million customers and 200 distribution partners.

Aon, a leading global professional services firm, announced the signing of a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG) enhancing Aon’s risk and health capability offering in Japan, the company says in its press-release. The transaction is expected to be completed in early 2025.

Dutch insurer Achmea and Lifetri are merging their pension and life portfolios into Achmea Pensioen & Levensverzekeringen NV, creating a top three player with over 2.1 million customers, the insurer informed.

Vienna Insurance Group (VIG) reported for 3Q 2024 GWP worth EUR 11.5 billion (+8.0% y-o-y) and profit before taxes of EUR 666.5 million (+8.5% y-o-y), while the P&C net combined ratio remained the same as previous year at 94.3%. Management confirms profit forecast for 2024

Zurich Insurance Group (Zurich) presented a new three-year plan at its Investor Day, building on successful strategy execution, one year ahead of the conclusion of the current cycle 2023-2025, benefiting from the successful execution of its strategy and a better-than-anticipated market environment.

During the first 9M2024, Sava Insurance Group increased its business volume by 14.7% to EUR 814.7 million, with significant growth in all operating segments. Double-digit growth in GWP was achieved in both the non-life (EU 17.2%, non-EU 15.0%) and life business (EU 11.7%, non-EU 14.1%), while reinsurance premiums also increased by a solid 7.9%.

Poland's top insurer PZU reported a nearly 18% drop in its third-quarter profit due to a high number of claims for flood-related damages, though it still beat market expectations, REUTERS reported.

In 3Q 2024, the Triglav Group's earnings before tax stood at EUR 124.7 million vs. the EUR 10.1 million loss recorded the previous year mostly because of major CAT claims and the price regulation of supplemental health insurance. Net earnings amounted to EUR 106.8 million (9M 2023: EUR –9.6 million).

In line with the goals of the group’s new development strategy of focusing on its core CEE markets, Austrian UNIQA is announcing its withdrawal from Albania, Kosovo and North Macedonia, three markets that account together for just 1.5% of the UNIQA Group's GWP.

UNIQA Insurance Group reported positive results for 3Q 2024 financial year: GWP rose by 9.2% to around EUR 6.0 billion and earnings before taxes increased slightly by 1% to EUR 340 million despite by high claims costs after the storm Boris in September.

Generali continues to achieve strong growth in operating result driven by all business segments. The Group’s gross written premiums increased by 18.1% to EUR 70.7 billion, thanks to the strong performance of both Life and P&C segments, the recent press release says.

The Talanx Group has generated nine-month Group net income of EUR 1,592 (1,279) million, already exceeding the full prior-year figure, and is lifting its earnings forecast for financial year 2024 from more than EUR 1.7 billion to more than EUR 1.9 billion, the group said.

Swiss Re said it had a net income of USD 2.2 billion and a return on equity (ROE) of 13.4% for the first nine months of the year.

MetLife announced it is among the Fortune World’s Best Workplaces for 2024. MetLife is one of only 25 companies who earned a spot on the list, the press release says.

Hannover Re, one of the world’s leading reinsurers, generated Group net income of EUR 1.8 billion in the first nine months of the year, the Group said in its press release.

For the first time, Allianz placed among the 25 World's Best Workplaces 2024 at #17. This global award builds on the 52 Allianz entities certified as a Great Place To Work®. Allianz’s strategic focus on upskilling, flexible work arrangements, and a strong culture of diversity are distinctive factors in the ranking, the company’s press release said.

Aviva’s third quarter performance has been very strong. Trading continued to be extremely positive right across the business, underlining the strength of the consistent strategy and the significant benefits of Aviva's scale and diversification, according to the company’s press release.

Allianz continued strong performance through the third quarter, achieving strong growth in business volume, operating profit, and net income, while reinforcing its financial strength, according to Oliver Bäte, Chief Executive Officer of Allianz SE. The group’s total business volume advances 17.3% to EUR 42.8 billion in 3Q2024 and rises 9.6% to EUR 133.9 billion in 9M2024, the group’s press release says.