News - Re/Insurance groups
WTW, FY2019: net income reached USD 1.0 billion, 50% more year-on-year
For year 2019, Willis Towers Watson (WTW) reported a net income (attributable to the company) of USD 1,044 million, up 50% year-on-year (FY2018: USD 695 million).
25 February 2020Allianz, FY2019: group's operating profit increased 3% to almost EUR 11.9 billion
For the year 2019, Allianz Group reported a net income (attributable to shareholders) of EUR 7.9 billion, 6.1% more year-on-year, mostly due to the increased operating profit and improved non-operating result, as well as a lower tax rate, as the company mentions.
25 February 2020ALLIANZ SE Board of Management: Klaus-Peter ROHLER succeeds Axel THEIS
ALLIANZ informed in a statement that Axel THEIS (62), Member of the Board of ALLIANZ SE responsible for insurance in German-speaking countries and Central and Eastern Europe, retires at his own request on March 31, 2020 after more than 33 years at ALLIANZ. Klaus-Peter ROHLER (55), currently Chairman of the Board of Management of ALLIANZ Deutschland AG and ALLIANZ Versicherungs-AG, has been appointed by the Supervisory Board as his successor effective April 1, 2020.
24 February 2020Scott Gunter appointed as CEO of AXA XL
AXA announced the appointment of Scott Gunter as CEO of AXA XL. He will replace Greg Hendrick, who has decided to pursue other opportunities outside the Group.
24 February 2020S&P revised UNIQA Insurance Group's CreditWatch to negative from developing
On February 20, 2020, S&P Global Ratings revised UNIQA Insurance Group CreditWatch as a result of the planned internal restructuring and the potential shift in UNIQA's financial risk profile, as a result of the purchase over AXA CEE's subsidiaries.
24 February 2020AXA, FY2019: net income went up 80% year-on-year
For year 2019, AXA insurance group reported a net income of EUR 3.9 billion, 80% higher year-on-year on a reported basis.
20 February 2020UNIQA, FY2019: group's GWP slightly grew 1.2% reaching EUR 5.4 billion
At the end of 2019, for 12 months ended, UNIQA Group scored a consolidated net income of EUR 232 million, 4.5% lower, driven by higher share of non-controlling interest. Earnings before taxes grew 0.4% to EUR 296 million at the end of 2019.
20 February 2020Swiss Re, FY2019: consolidated group income grew 73% year-on-year
Swiss Re announced its full-year 2019 results. The figures show a net income at the end of the year amounting USD 727 million, which is 73% more year-on-year
20 February 2020Aleksandra AGATOWSKA appointed President of the PZU Zycie Board
Aleksandra AGATOWSKA, a current member of the management board of PZU Zycie, was appointed by the company's Supervisory Board to be the President of the Management Board.
20 February 2020Fairfax, FY2019: investments gains lifted consolidated net earnings to USD 2 billion
Fairfax Financial Holdings Limited announced fiscal year 2019 net earnings of USD 2,004 million compared to fiscal year 2018 net earnings of USD 376 million, primarily reflecting net gains on investments.
18 February 2020NN Group, FY2019: operating result expanded 10.3% to EUR 1.8 billion
NN Group's operating result increased by 24.9% to EUR 428 million in the fourth quarter of 2019, driven by higher operating results at almost all segments and reflecting a total of EUR 20 million of non-recurring benefits.
18 February 2020Lloyd's announced inaugural members of Culture Advisory Group
Lloyd's of London announced the appointment of prominent figures as the inaugural members of its Culture Advisory Group.
13 February 2020Aegon, 2H2019: July-December net income went up 260%
At the end of the second half of 2019, Aegon's net income increased significantly to EUR 910 million (+260%), while full year net income more than doubled to EUR 1,528 million (+105%).
13 February 2020Zurich Insurance Group, FY2019: consolidated revenues expanded by 53.3% to USD 71 billion
Zurich Insurance Group (Zurich) announced a net income of USD 4,147 million for the year 2019, 11.6% higher than the level recorded at the end of 2018 (FY2018: USD 3,716 million)
13 February 2020MAPFRE, FY2019: group's revenues rose 7.1% at the end of the year
MAPFRE's net earnings in 2019 came in at EUR 609 million, 15.2 percent better than the previous year (FY2018: EUR 529 million), while Group revenues rose 7.1 percent to EUR 28.5 billion (FY2018: EUR 26.6 billion).
12 February 2020Vienna Insurance Group acquired 20% interest in ViveLaCar start-up
Vienna Insurance Group (VIG) announced the acquisition of an interest of around 20% in the German start-up ViveLaCar GmbH, which is headquartered in Stuttgart. VIG's acquisition will help ViveLaCar's planned expansion into Austria and Switzerland in spring 2020.
12 February 2020Swiss Re Corporate Solutions appoints Bianca Willauer as Head Property & Specialty Lines EMEA
Swiss Re Corporate Solutions has appointed Bianca Willauer as Head Property & Specialty Lines, EMEA, effective 1 February 2020.
12 February 2020Swiss Re Corporate Solutions appoints Marc Scheidegger as Chief Claims Officer
Swiss Re Corporate Solutions appoints Marc Scheidegger as Chief Claims Officer. Subject to approval by the relevant authorities, Scheidegger will assume the role on 1 June 2020 and join the Swiss Re Corporate Solutions Executive Committee.
12 February 2020Everest Re, FY2019: net income rose by USD 920 million
For the full year ended December 31, 2019, Everest Re Group reported a net income of USD 1,009.5 million, showing a substantial increase compared to FY2018 net income of USD 89.0 million.
11 February 2020SCOR achieves 15.8% GWP growth during 2019
For the full financial year 2019, SCOR Global P&C experienced a strong gross written premiums growth, of 15.8% at current exchange rates, to EUR 7.1 billion. This was driven both by Reinsurance (+16.2%) and Specialty Insurance (+14.4%).
11 February 2020
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