News - Re/Insurance groups

GENERALI completed acquisition of Union Investment TFI S.A. in Poland

GENERALI finalized the completion of the transaction with German Group Union Asset Management Holding AG to acquire Union Investment TFI S.A. in Poland. GENERALI has received the required approvals from all relevant regulatory bodies and competition authorities.

New members elected in the Geneva Association's Board

The Geneva Association, the global organization of insurance and reinsurance CEOs, has announced the election of four new Board members. The association's Board refreshment follows to the appointment, in February, of Jad ARISS as Secretary General.

Green light for the Generali and Concordia merger in Poland

The Polish Financial Supervision Authority agreed to the merger of Generali Zycie and Concordia Capital. Maciej FEDYNA, Member of the Management Board of Generali Polska, will perform the function of President of the Management Board of the Concordia Polska Mutual Insurance Society.

AVIVA to cut 1,800 jobs over the next three years

AVIVA's head Maurice TULLOCH - appointed as CEO of the UK largest insurer on March 4th 2019 replacing Mark WILSON, announced the Group is cutting 1,800 jobs over the next three years in an effort to cut costs.

Tom STODDARD steps down as CFO of AVIVA

AVIVA announced that the BoD and Tom STODDARD have decided that Tom STODDARD will step down as Chief Financial Officer and as a Director of AVIVA from 30 June 2019: "Tom STODDARD will remain with the Group until 31 December 2019 to support an orderly transition".

AON VP to retire

AON announced that Peter LIEB is retiring from the firm after ten distinguished years of service as Executive Vice President and General Counsel.

Carsten ABRAHAM appointed as CEO of UNIQA Liechtenstein

Austrian insurer UNIQA announced changes in its Vaduz-based Management. Thus, Carsten ABRAHAM was appointed as CEO of UNIQA Versicherung Aktiengesellschaft, Vaduz in addition of current CFO responsibilities, after Ismar Daniel KUHNEISEN decided to exit UNIQA Group.

New appointments inside Swiss Re Corporate Solutions

Swiss Re Corporate Solutions announced a new Head for Accident & Health North America and a new Head for Financial & Professional Services and Casualty Canada, both effective from June 2019. The newly announced Heads will be Katie MCGRATH and Tyler JOHNSTON.

EUROINS, 1Q2019: 41% increase in revenue y-o-y

Bulgaria-based EUROINS, part of EUROHOLD, reported a consolidated revenue of EUR 171 million (+41% y-o-y) for the first three months of 2019. For the same period, EUROINS showed an increase of 37% in gross written premiums (GWP) volume, growth sustained mainly by Romanian and Bulgarian business.

NN Group, 1Q2019: Net result increased by 28.4%

First quarter results of 2019 improved for NN Group. The net result increased by 28.4%, while the gross premium income reached EUR 4.9 billion, showing an increase of 9.0% compared to the same period of 2018.

TALANX, 1Q2019: Strong 11% GWP growth in first quarter

Talanx Group began the year with a strong GWP growth of 11%, reaching EUR 11.7 billion. Net income was up by 8%, while the combined ratio slightly improve to 96.8%, compared to 1Q2018. Talanx Group expects a net income of EUR 900 million by the end of 2019.