Munich Re reported Q3 2024 positive operational performance across all lines of business, resulting in a preliminary net result of about EUR 0.9 billion. The German reinsurer is confident it will surpass its full-year profit target of EUR 5 billion.

23 October 2024
After a few years of strong growth, the European reinsurance market should remain dynamic, with demand for property reinsurance protection continuing to grow, Munich Re said, stressing out that to accommodate growing demand, it constantly invests in its underwriting capabilities with experts and models.

21 October 2024
On 17 October 1994, Vienna Insurance Group (VIG), at that time trading as Wiener Städtische Versicherung, was listed on the Vienna Stock Exchange for the first time, a move that underpinned VIG’s growth to become the leading insurance group in the CEE region. Since the IPO, VIG has paid a dividend to its shareholders every year without exception.

17 October 2024
French insurer
Groupama reported that as at 30 June 2024, Groupama’s combined premium income stood at EUR 12.0 billion, which indicates an 8.7% increase y-o-y. The increase came from property and casualty insurance (+5.0%), health and personal protection insurance (+10%), and savings and pensions (+20.7%).

16 October 2024
Global re/insurance broker
Aon announced that Emma Crookes was named as global head of the insurance vertical. The insurance vertical delivers the full range of Aon’s capabilities to re/insurance clients with more relevant and impactful insight and solutions to meet their strategic goals and enable better business decisions.

16 October 2024
For the first time, Allianz has been named one of the 30 most valuable brands in the world, moving up two places to the 29th position in this year’s Best Global Brands ranking from Interbrand, the company said in its
press release.

16 October 2024
The sale of the Moscow-based company Raiffeisen Life to the Russian insurance company Renaissance Life has been concluded. UNIQA owned 75% of Raiffeisen Life; the remaining 25% was held by Raiffeisenbank Russia, which belongs to Raiffeisen Bank International, the
Group announced.

9 October 2024
The credit rating agency AM Best confirmed the financial strength rating of "A" (excellent) and the issuer's long-term credit rating of "a" (excellent) on Zavarovalnica Triglav and Pozavarovalnica Triglav Re, the
company said.

9 October 2024
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Slovenian reinsurer Pozavarovalnica Sava (Sava Re),
SeeNews reports. The outlook of the ratings is stable.

9 October 2024
Generali has reached an agreement for the sale of its 99.99% stake in Generali Sigorta A.Ş. (Generali Sigorta Anonim Şirketi) to Kiler Holding A.Ş. (42% stake), Ekol Girişim Sermayesi Yatırım Ortaklığı A.Ş. (9% stake); Arex Yatırım Holding A.Ş. (48% stake) and Arex Sigorta A.Ş. (1% stake).

19 September 2024
As of 16 September, Angeliki Mouratidou is the new General Manager of
Euroins Greece. Athanasios Smyrnis and Vasil Dimitrov remain in the company as Deputy Managers to provide their valuable support.

19 September 2024
The reinsurance market has achieved a sensible balance in an environment characterized by high demand, Munci Re representatives said at the “Rendez-Vous de Septembre” industry event in Monte Carlo.

11 September 2024
Hannover Re anticipates prices and conditions to remain on a sustained stable level for the treaty renewals in property and casualty reinsurance as at 1 January 2025 and anticipates a balance of supply and demand in most markets.

11 September 2024
"The key topics for the (reinsurance) industry remain largely unchanged from last year, but the challenges have intensified, leading to higher demand,” said Urs Baertschi, Swiss Re's Chief Executive Officer Property & Casualty Reinsurance in Monte Carlo. He named NatCat risks, economic uncertainty and geopolitical instability among the main reasons for which direct insurers seek reinsurance protection.

9 September 2024
VIG Re announced that effective January 1, 2025, Tobias SONNDORFER will succeed Johannes Martin HARTMANN as Chief Executive Officer and Chairman of the Board of Directors in line with the established succession plan.

4 September 2024
Under the auspices of the 30th edition of the Sarajevo Film Festival, UNIQA presented the UNIQA SEE FUTURE Foundation's support project for women filmmakers in the region of Southeast Europe.

4 September 2024
Austrian Vienna Insurance Group reported GWP of EUR 7,886.8 million in 1H2024, 7.9% up y-o-y. Premiums increased in all segments and all lines of business, the Group said. The underwriting income increased to EUR 5.9 billion (+10.0%), while earnings before taxes grew to EUR 481.0 million (+3.9%).

29 August 2024
The Triglav Group delivered a strong performance in 1H 2024, its total business volume reaching EUR 942.9 million, 2% down y-o-y. The Group recorded a gross profit of EUR 89.5 million, significantly higher y-o-y. Based on 1H results, Triglav expects year-end gross profit in the range of EUR 130 - 150 million.

28 August 2024
UNIQA Group’s earnings before taxes increased y-o-y by almost 20% in1H2024, supported by the 4.5% y-o-y growth recorded in Austria, the 12.3% increase in the Eastern Europe business, a moderate claims burden and very good performance with its investments, while the gross combined ratio stood at 87.3%.

28 August 2024
Anders Malmström will succeed John Dacey as Swiss Re Group’s CFO, starting 1 April 2025, as John Dacey will retire from his executive role on 31 March 2025. Dacey will continue to represent Swiss Re as a non-executive director on the boards of FWD and CPIC.

31 July 2024