Following a volatile investment environment and another costly year from natural catastrophes in which the market paid GBP 19.7 billion in claims (gross of reinsurance), Lloyd's has today reported an aggregated market loss of GBP 1.0 billion for 2018 (2017: loss of GBP 2.0 billion).
MUNICH Re is aiming for a profit increase of EUR 200 million to around EUR 2.5 billion for the current year, of which around EUR 2.1 billion comes from reinsurance and around EUR 0.4 billion from ERGO.
Bulgaria-based Eurohold plans to increase its share capital by BGN 80 million through preferred shares, the new total reaching BGN 277 million. The capital growth will help the company to reduce its debt and support expansion plans.
The German insurer TALANX announced the Supervisory Board has completed the generational shift at Board level.
UNIQA Group wants to completely withdraw its capital market investments related to coal industry. UNIQA Austria states that at the end of January 2019, its investment portfolio was already coal-free.
Hanoover-based insurer TALANX reported impressive FY2018 results, despite heavy Q4 Nat Cat losses, as the company reported in a statement.
Vienna Insurance Group (VIG) published its 2018 annual report. The Group's overall result shows increases on premiums volume, profit increases and a reduced combined ratio.
LLOYD's aanounced the appointment of Hayley SPINK as Head of Global Operations. She takes over from Joe DAINTY, who leaves LLOYD's in March to join DXC.
MetLife announced a series of changes to its senior leadership ranks in connection with its CEO transition, all of which are effective May 1, 2019. In January 2019, the BoD announced that Michel KHALAF, President, U.S. Business and EMEA, will become MetLife's President, CEO and Member of the Board effective May 1, replacing Steven KANDARIAN, who is retiring.
Willis Towers Watson one of the largest re/insurance broker in the world announced it named Mark HILES as Head of Power and Utilities for the Central and Eastern Europe, Middle East and Africa (CEEMEA) region.
In 2018, PZU recorded a profit of PLN 5.4 billion at Group level, while parent company profit was PLN 3.2 billion (+11.0%). Total GWP reached PLN 23.5 billion (+2.7%) in 2018.
The Sava Re Group ended 2018 with a net profit of EUR 43 million, delivering a 13.1% return on equity. In 2018, the Group's equity grew by 7.6% to EUR 340.2 million as of December 31, 2018. The Group's net technical provisions stood at EUR 1.1 billion.
In 2018, GENERALI Group operating result reached EUR 4,857 million (+3.0%), with a net profit of EUR 2,309 mil. (+9.4%). The total gross written premiums (GWP) of the Group amounted EUR 66,691 mil. (+4.9%).
According to unaudited data, TRIGLAV Group booked EUR 1,068 million in GWP, 7% more y-o-y, and achieved profit before tax of EUR 97.5 million (15% up y-o-y). Premium growth was recorded in all insurance markets and segments, while the Group strengthened its leading position in the region.
German insurer TALANX Group announced it provides greater integration of HDI Service AG, responsible for Human Resources, Internal Services, Purchasing and Accounting, with the operating divisions in Germany.
Starting with March 2019, AXA Group will have a new Chief Risk Officer and a new Chief Technical Insurance Officer operating inside Czech Republic and Slovakia. The changes are waiting for regulator's approvals.
The Supervisory Board of HANNOVER Re has appointed Silke SEHM as a full member of the Executive Board with immediate effect. She succeeds Jurgen GRABER, who passed away unexpectedly on 9 November 2018.