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.
Sirius Group reported comprehensive income of USD 76 million for the first quarter of 2019 compared to USD 30 million for the first quarter of 2018. Gross written premiums for the quarter were USD 622 million, reflecting an increase of 1%.
MAPFRE initiated its Strategic Plan 2019-2021, stimulating profitable growth and improving the key financial indicators against a backdrop of near currency neutrality and a still complex global economic environment.
On April 30th, during the constituent meeting of the new Supervisory Board of Munich Re, Nikolaus von BOMHARD (62) was elected as Chairman of the Supervisory Board. Anne HORSTMANN (49) was elected as Deputy Chair of the Supervisory Board.
For the first quarter of 2019, Willis Towers Watson revenue was USD 2.31 billion, showing an increase of 1% (5% increase constant currency and organic) as compared to USD 2.29 billion for the same period in the prior year.
In the first quarter of 2019, AXA Group reached EUR 35 billion in total revenues, increasing by 3% compared to the first quarter of 2018. European market (including French market) brought more than half of total AXA revenues (55.7%).
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 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 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.
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.
AVIVA announced that following the recent appointment of Maurice TULLOCH as Group's CEO, the Board of AVIVA and Andy BRIGGS have decided that Andy BRIGGS will step down as CEO UK Insurance and as a Director of AVIVA. "Andy will remain with the Group until 23 October 2019 to support an orderly transition".
AXA XL - the property & casualty and specialty risk division of French re/insurance group AXA - announced the promotion of Charlotte WILSON to global head of portfolio solutions, with responsibility for developing and executing the global strategy for portfolio solutions.
ERGO International AG announced that it has signed a Distribution and Service Framework Agreement with ALLIANZ for ERGO Slovenia, which belongs to ERGO Insurance Austria.
MMC - Marsh & McLennan Companies - announced consolidated Q1 2019 revenues of USD 4.1 billion, up by 2% y-o-y. At the same time, operating income was USD 938 million compared with USD 908million in the prior year.
Global re/insurance broker and retirement solutions company AON announced its Q1 2019 total revenue increased in absolute value by USD 53 million (or 2% y-o-y) to USD 3.14 billion.
French reinsurer SCOR annunced its Q1 Group net income amounted to EUR 131 million vs. EUR 166 million in Q1 2018.
Zurich Insurance Group (Zurich) has published its Financial Condition Report 2018, highlighting a good financial condition and exceeding solvency requirements.