News - Re/Insurance groups

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.

Hannover Re, Q1 2019: Gross written premium climbed by 19.2%

Hannover Re net income increased by 7.4% in the first quarter of 2019, compared to first quarter of 2018 level, reaching EUR 294 million. The operating profit (EBIT) grew by more than EUR 16 million (+3.7%) to EUR 450 million.

Swiss Re, Q1 2019: P&C losses affected total net income

Swiss Re reported a net income of USD 429 million for the first quarter of 2019, reflecting high L&H Re performance and strong investment results, but the large losses from property and casualty (P&C) businesses impacted the overall results.

VIG Re: 2018 annual report and solvency results

VIG Re recently published its 2018 Annual Report and 2018 Solvency Financial Condition Report. The figures show record results compared to previous years: an increased total GWP volume, increased profit before taxes and a reduced combined ratio.

GENERALI's German life unit sale to VIRIDIUM, completed

GENERALI announced it completed the sale of 89.9% of the shares of GENERALI Leben to VIRIDIUM Gruppe, a leading specialist for the management of life insurance portfolios in Germany, also establishing an industrial partnership with VIRIDIUM, aimed at managing life insurance closed book portfolios.

QIC Group Q1 net profit increased by 15%

Qatar Insurance Company (QIC), a leading insurer in Qatar and the Middle East North African (MENA) region reported a net profit of USD 75 million for the first quarter of 2019.