News - Insurance

Aon and Willis Towers Watson to merge together

Aon and Willis Towers Watson officially announced the decision to merge, combining together in an all-stock transaction with an implied combined equity value of approximately USD 80 billion.

RUSSIA: GWP of ROSGOSSTRAKH in 2019 increased by 16% y-o-y

According to the insurer, GWP of ROSGOSSTRAKH in 2019 increased by 16% (over RUB 80 billion/~EUR 1.15 billion), and net profit - by 32.2%, to RUB 7.3 billion. Paid claims amounted to RUB 35.1 billion, and the company's equity reached RUB 52.3 billion, ASN news agency reports.

PZU launches aid for Poles in connection with the coronavirus threat

PZU joins the fight against coronavirus in Poland, by offering free access to medical advice for all citizens whether they are PZU clients or not. PZU Zdrowie, one of the largest private medical operators, will provide free help to those who are worried about their health in connection with the threat of coronavirus.

Sergio P. Ermotti to be nominated as Chairman of Swiss Re in 2021

Swiss Re's Board of Directors will nominate Sergio P. Ermotti for election as a new, non-executive and independent member of the Board at the upcoming Annual General Meeting of shareholders (AGM) on 17 April 2020 for a one-year term of office. In 2021 he will be nominated to succeed Walter B. Kielholz as Chairman of the Board.

VIG voted as "the most diverse company in Austria"

Vienna Insurance Group (VIG) was number one in the BCG Gender Diversity Index Austria 2019 published by the Boston Consulting Group (BCG), as te Austrian insurer announced in a statement. The index analyses the gender balance and pay gaps in the managing and supervisory board for the 50 largest listed companies in Austria.

NATIONWIDE and GENERALI announced Joint Venture to offer seamless multinational commercial insurance solutions

NATIONWIDE Mutual Insurance Company (NATIONWIDE), one of the largest insurance and financial services companies in the United States, and GENERALI, one of the largest global insurance and asset management providers, through its P&C unit GENERALI Global Corporate & Commercial (GC&C), announced an innovative joint venture: the creation of N2G Worldwide Insurance Services, LLC (N2G) to support multinational solutions for international commercial clients.

ADRIS profits expanded by 13.4% last year

CROATIA's osiguranje shareholder - the Rovinj based consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry announced 2019 total revenues of HRK 6.1 billion (~EUR 813 million), which represents a 5% growth, while net profit stood at HRK 506 million (~EUR 67.5 million), which represents a 13.4% growth. Net profit after minority interest stood at HRK 402 million and was 31% higher than previous year's.

TRIGLAV, FY2019: consolidated profit before tax exceeded EUR 100 million

During 2019, Triglav Group (TRIGLAV) generated a profit before tax of EUR 101 million, 4% more year-on-year. The insurer recorded premium growth across all insurance markets and all insurance segments; the consolidated gross premiums volume reached EUR 1,184 million, which is 11% more than the year before.