News - Re/Insurance groups
TALANX, 1H2019: 9.4% increase in net income
Germany based Talanx Group reported a net income of EUR 477 million at the end of first half-year of 2019, 9.4% higher than the net income. The growth was driven mainly by Retail Germany, Retail International and Life & Health Reinsurance segments.
2019-08-13VIG Re, 1H2019: GWP amounted EUR 273 million, 15.2% more than previous year level
VIG RE zajis'ovna a.s. (VIG Re), the branch of Vienna Insurance Group specialized in reinsurance solutions, registered a total of EUR 273 million in terms of gross written premiums at the end of June 30th, 2019, which represents an increase of 15.2% year-on-year.
2019-08-13EUROHOLD, 1H2019: 31% increase in group's total revenue
Bulgaria based EUROHOLD reported an increase of 31% year-on-year of the Group's operating income for the period between January 1st- June 30th, 2019. The total revenue of EUROHOLD amounted to EUR 402 million.
2019-08-13David KNIBBE appointed as CEO of NN Group
NN Group announced that David KNIBBE, currently CEO of NN Netherlands, will succeed Lard FRIESE who has stepped down as member and chair of the Executive Board and CEO of NN Group as of today, 12 August 2019, to join AEGON.
2019-08-12Lard FRIESE joins AEGON as the new CEO
Aegon announced that its Supervisory Board intends to propose the appointment of Lard FRIESE as Chief Executive Officer to the Annual General Meeting of Shareholders. He will join the company as CEO-designate effective March 1, 2020.
2019-08-12AXA, 1H2019: gross revenues amounted EUR 58 billion, up 8.1% y-o-y
AXA consolidated gross revenues amounted to EUR 57,949 million at the end of 30 June 2019, up by 8.1% y-o-y on a reported basis and up by 4.0% y-o-y on a comparable basis, compared to 30 June 2018.
2019-08-12Partner Re, 1H2019: total GWP volume rose by 15.6%
Partner Re reported a net income of USD 805 million for the first half of 2019, a significant increase compared to first half of 2018 (USD 28 million). Net income available to common shareholder was USD 782 million (1H2018: USD 5 million).
2019-08-12MMC, 1H2019: operating income maintained solid, reaching USD 1.6 billion
Marsh & McLennan Companies, Inc. (NYSE: MMC) consolidated revenue was USD 4.3 billion, an increase of 16% compared with the second quarter of 2018. Underlying revenue grew 4% compared to a year ago.
2019-08-08Aon, 2Q2019: total revenue increased 2% to USD 2.6 billion
Total revenue of Aon plc (NYSE: AON) in the second quarter increased 2% to USD 2.6 billion compared to the prior year period, driven by 6% organic revenue growth, partially offset by unfavorable impact from foreign currency translation and divestitures, net of acquisitions.
2019-08-08Hannover Re, 1H2019: net income rose by 19.3%
Hannover Re reported EUR 663 million net income for the first half-year of 2019, which represents an increase of 19.3% compared to the same period of prior year net income.
2019-08-08Slovenian Groups TRIGLAV and SAVA Re rated "a" by the Standard&Poor's agency
In July 2019, S&P announced it has reaffirmed the "A" Long-Term Credit Rating and Financial Strength Rating of TRIGLAV Group and affirmed the financial strength rating of SAVA Re Group to "A". Both ratings have a stable medium-term outlook and are valid also for the groups' parent companies and subsidiaries.
2019-08-07Munich Re, 1H2019: consolidated result reached EUR 1.6 billion, 4.6% higher y-o-y
Munich Re consolidated result reached EUR 1.6 billion (+4.6% y-o-y) in the first half of 2019, while the second quarter of 2019 consolidated result alone amounted EUR 1.0 billion (+36.4% y-o-y).
2019-08-07Swiss Re, 1H2019: USD 953 million net income, supported by reinsurance and investment activity
For the first six months of 2019, Swiss Re reported a total net income of USD 953 million, 5.3% smaller y-o-y due to large losses in Corporate Solutions branch, lightened by the positive growths in reinsurance segments.
2019-08-07SCOR, 1H2019: net income rose by 9.2%
SCOR reported a net income of EUR 286 million for the first half-year of 2019 (+9.2%, when compared to 1H2018), achieving the targets set by company's "Vision in Action" strategic plan.
2019-08-07Standard & Poor's Affirm "A" Credit Rating of Sava Re d.d. and Zavarovalnica Sava, d.d. (Outlook Stable)
Following their regular annual review in July 2019, Standard & Poor's have affirmed the financial strength rating "A" (excellent) of Sava Re d.d. and Zavarovalnica Sava, d.d., with the medium-term outlook being stable.
2019-08-06Profit of HRK 208 million for CO Group at end-June
In the first six months of 2019, CO Group recorded net profit amounting to HRK 208 million (~EUR 27.5 million). At the same time, gross written premium at CO Group level amounted to HRK 1,981 million (~EUR 264 million) and was 1% lower compared to last year.
2019-08-06Generali, 1H2019: Net profit rose by 34.6%
Generali Group published the consolidated financial report for the first 6 months of 2019. The Group's net profit reached EUR 1.8 billion, 34.6 percent more than the half-year of 2018 profit.
2019-08-06Allianz, 1H2019: operating profit grew by 6.4% y-o-y
Allianz Group operating profit for the first half of 2019 reached EUR 6.1 billion (+6.4%), staying above the mid-point of Allianz full-year target range, the company said. The second quarter operating profit increased as well, reaching EUR 3.2 billion (5.4% more y-o-y).
2019-08-06AXA XL names Simona FUMAGALLI Head of International Financial Lines, Europe
AXA XL Insurance announced the appointment of Simona FUMAGALLI to Head of International Financial Lines, Europe, based in Milan.
2019-08-05MMC elects Tamara INGRAM to BoD
Global re/insurance brokerage Marsh & McLennan Companies (MMC) announced its BoD has elected Tamara INGRAM as director effective July 19, 2019. With Tamara INGRAM's election, the Company's Board will consist of 13 directors.
2019-08-05
