News - Re/Insurance groups

VIG, 1Q2019: Net result improved by 10.5%

In the first quarter of 2019, Vienna Insurance Group (VIG) saw an increase of 2.9% in GWP, compared to the first quarter of 2018. Profit before taxes also increased by 8.7%, while the net result increased by 10.5%.

TRIGLAV 1Q2019 net profit increased by 9% at Group level

Slovenia-based Triglav Group registered a profit of EUR 26 million in the first quarter of 2019. Investments played the biggest role for the 9% increase in Group's profit. Triglav's activity outside Slovenia slightly increased compared to 2018 Q1.

UNIQA, 1Q2019: Solid earnings before taxes in first quarter

UNIQA Insurance Group made a positive start to 2019, with earnings before taxes of EUR 42.3 million in the first quarter. Total premiums written by the UNIQA Group (including the savings from life insurance) decreased though, by 0.4 per cent, to EUR 1,530.0 million.

Munich Re, 1Q2019: First quarter profit dropped by EUR 194 million

In the first quarter of 2019, Munich Re generated a profit of EUR 633 million. Higher basic losses and greater expenditure for claims from previous years prevented a repeat of the extraordinary result in the same quarter last year, which was practically free of major losses.

The Sava Re Group has a new umbrella brand

The umbrella brand Sava Re Group will be replaced in all corporate documents by Zavarovalna skupina Sava in Slovenian and Sava Insurance Group in English, starting with the 1Q financial report for 2019, the Group has announced.

ALLIANZ, 1Q2019: Operating profit close to EUR 3.0 billion

For the first three months of 2019, Allianz Group reported a solid growth compared to first quarter of prior year. Total revenues at group level grew by 9.1%, the operating profit increased as well, by 7.5%, while the net income stood above EUR 2 billion.

GENERALI appoints a new Board of Directors for three years

On 7 May 2018, during the ordinary and extraordinary Shareholders' Meeting ("GM"), Generali chose a new Board of Directors, elected to hold office for three financial years, until approval of the financial statements for the year 2021.

ZURICH, 1Q2019: P&C and Life GWP increases across all regions

Zurich Insurance Group Ltd (Zurich) reported a 4% increase in terms of P&C GWP volume for the first quarter of 2019. In local currency, the figures show growths across all regions, keeping Zurich on track to meet and even to exceed 2017 to 2019 targets.

TURKEY: Can Akin CAGLAR steps down as CEO of EUREKO Sigorta

Dutch insurer ACHMEA announced that Can Akin CAGLAR has decided to step down from his position as CEO of EUREKO Sigorta, Achmea's subsidiary in Turkey, as per the 10th of May 2019. He held this position for the past five years.