Lloyd's, the global insurance and reinsurance market, announced its post-Brexit unit - Lloyd's Brussels - is established and operational. "Lloyd's Brussels is Lloyd's first Europe wide operation and will bring Lloyd's expertise closer to its customers and partners in Europe".
The German insurer TALANX said its nine-months EBIT improved by 33% to about EUR 1.5 billion (vs. EUR 1.1 billion at the end of September 2017), while the Group net income was up by 10% to EUR 488 million.
The MARSH & McLENNAN Companies (MMC) reported Q3 2018 consolidated revenues of USD 3.50 billion (vs. USD 3.34 billion), up by 5% compared with the third quarter of 2017. The operating income was up to USD 541 million (vs. USD 535 million), while the net income attributable to the company was USD 276 million (vs. USD 393 million in Q3 2017).
French insurer AXA announced its January-September 2018 total revenues were up 4% to EUR 75.8 billion with growth in all geographies.
Croatian holding ADRIS Grupa, the owner of the largest and oldest insurer in Adriatic region - CROATIA Osiguranje, announced in a statement its insurance arm generated a gross profit of HRK 403 million (~EUR 54.3 million) during the first nine months of the year, 46% more y-o-y compared to the 3Q2018 figure (HRK 275 million).
The Spanish insurance sector appears to have good prospects for profitable growth, in contrast to most other major European insurance markets, Fitch Ratings says in a new report.
Marsh & McLennan Companies (MMC) announced that the shareholders of Jardine Lloyd Thompson Group plc (JLT) overwhelmingly approved Marsh & McLennan's agreement to acquire JLT. "Of those shares voted, 99.9% voted in favor of the transaction".
SEB - one of the largest life insurers in Baltic region announced is planning to merge its units in the Baltic States, "into one legal entity to further improve our operational efficiency and deliver improved customer services. The merger will not affect our services to the customers".
Aon has reported for Q3 2018 total revenues up by 6%, to USD 2.3 billion, including 6% organic revenue growth. The operating margin increased to 11.2%, and operating margin, adjusted for certain items, increased 190 basis points to 18.5%.
For 3Q2018, excluding the impact of Accounting Standards Codification (ASC) 606, Willis Towers Watson (WTW) has reported revenues of USD 6.5 billion, 6% up y-o-y (3% increase constant currency and 4% increase organic), as compared to USD 6.1 billion for the same period in the prior year.