News - Re/Insurance groups

Change of leadership at Hannover Re

Hannover Re Chief Executive Officer Jean-Jacques Henchoz will leave the Executive Board of Hannover Re on 31 March 2025 as he not extending his expiring contract at his own request.

Swiss Re strengthens US liability reserves to USD 3.1 billion for 9M 2024

Swiss Re announced the strengthening of its P&C Re reserves in Q3, following a comprehensive review. The Group added USD 2.4 billion to P&C Re's prior year US liability reserves in the third quarter of 2024, bringing the total reserve additions to USD 3.1 billion for the first nine months of the year.



WTW had another strong quarter fueled by revenue growth

WTW, a leading global advisory, broking and solutions company, announced financial results for the third quarter ended September 30, 2024 – the revenue was USD 2.29 billion, an increase of 6% as compared to USD 2.17 billion for the same period in the prior year, the company’s press release said.


Chubb reports record net income and core operating income for 9M2024

Chubb reported net income for the quarter ended September 30, 2024 of USD 2.32 billion, or USD 5.70 per share, and core operating income of USD 2.33 billion, or USD 5.72 per share. Up 15.2% and 15.6%, respectively, with P&C underwriting and net investment income both up double-digit; global P&C and Life insurance net premiums written up 8.5% and 10.6%, in Constant Dollars, according to the press release.




CyRiSo, new specialist cyber security company established by Vienna Insurance Group

Vienna Insurance Group (VIG) has announced the creation of Cyber Risk Solutions GmbH (CyRiSo), a new cyber security company with the small and medium-sized companies as primary target group. CyRiSo provides comprehensive support to reduce cyber risks and to prevent and resolve any damage caused by cyber attacks.

AXA, 3Q2024: growth across all businesses and geographies

AXA reported for 3Q2024 Gross Written Premiums (GWP) and other revenues up 7% y-o-y, to Euro 84.0 billion, driven mostly by the Property & Casualty segment and the Life & Health business, which both saw a 7% increase in GWP.