For the first nine months of 2019, Allianz Group's operating profit grew by 4.2% to EUR 9.1 billion (9M2018: EUR 8.7 billion), mostly due to a one-off profit from Life/Health business in the United States.
Generali Group net profit for the first nine months of 2019 was EUR 2,163 million, 16.6% higher than the net profit of the same period of prior year.
Crawford Polska has appointed Krzysztof (Kris) JABLONSKI as a Board Member and local CXO, effective of Nov 4th, 2019.
Fairfax Financial Holdings announced net earnings of USD 68.6 million in the third quarter of 2019, 34.4% less compared to the third quarter of 2018, primarily reflecting net losses on investments, partially offset by higher operating income. However, the nine months earnings reached USD 1,332 million, which reflects a 56.1% increase year-on-year.
For the first three quarters of 2019, Swiss Re net income reached USD 1.3 billion at group level, representing an increase of 23.2% from the same period of prior year, growth driven by reinsurance activity and a 4.3% return on investments.
Willis Towers Watson (WTW) ended the first nine months of 2019 with a net income of USD 522 million, 8.2% more that the net income of the same period of prior year.
MetLife reported a net income of USD 2.2 billion for the period between July - September 2019, 2.4 times more than the third quarter of 2018 (USD 880 million), reflecting an increase of 145% y-o-y.
MAPFRE ended the first nine months of 2019 with a net result of EUR 463 million, 12.5% lower than the net result of the same period of 2018. Most of this amount came from Iberia, Latin America and Reinsurance business areas.
For the first nine months of 2019, Aon revenue increased by USD 128 million (1.6%) compared to the same period of prior year, amounting USD 8.1 billion at the end of September 2019, due primarily to organic revenue growth of 6%, partially offset by a 3% unfavorable impact from foreign currency translation and a 1% unfavorable impact related to divestitures, net of acquisitions.
Everest Re Group reported a net income of USD 792 million for the first nine months of 2019, up 7.4% year-on-year. However, the third quarter of 2019 net income was 47.4% smaller than previous year result, amounting USD 104 million, driven by hurricane related losses.
Aon plc announced the appointment of Lisa STEVENS as Chief People Officer, part of an ongoing series of actions to further strengthen alignment and accelerate momentum in bringing its Aon United growth strategy closer to clients around the world.
Qatar Insurance Group (QIC Group) reported a net profit of USD 137 million for the first nine months of 2019, up by 5.4% compared to same period of prior year. According to QIC Group, the Middle East North African (MENA) markets continued to produce stable premiums with underwriting profitability, weathering geopolitical headwinds in the region.
Marsh & McLennan Companies (MMC) consolidated revenues rose by 10% year-on-year at the end of first nine months of 2019. The total revenues were around USD 12.4 billion (9M2018: USD 11.2 billion).
Munich Reinsurance America, Inc. has appointed Juan HERRERA as its first full-time Head of Diversity & Inclusion. HERRERA reports to Brian VISCUSI, U.S. Regional Head of Human Resources, and is based in Princeton, New Jersey.
Swiss Re's current Reinsurance Chief Operating Officer (COO), Kaspar MUELLER, will join Latin America business in his new role as President, effective November 1st
, 2019, ReinsuranceNe.ws
Everest Insurance, part of Everest Re Group, announced that Michelle SIPPLE has joined the organization as Vice President and Head of Inland Marine. She will be based in Liberty Corner, New Jersey.
Aon plc appointed Michael MORAN as Executive Vice President of Delivering Aon United, accelerating its efforts to drive better outcomes for clients with the appointment of the senior executive.
For the first nine months of 2019, SCOR Group secured a net income
of EUR 401 million, 17.3 percent more compared to the same period of 2018. The return on equity (ROE)
was 8.8%, exceeding the profitability target set in "Quantum Leap"
business plan by 816 bps.
Reuters reported that French insurer AXA is considering selling its Central European business "as part of a restructuring to quit markets where it lacks scale, three sources familiar with the situation said".
Fitch Ratings has affirmed and removed Sirius International Group, Ltd.'s ratings from Rating Watch Negative, including its 'BBB' Long-Term Issuer Default Rating (IDR), 'BBB-' senior debt rating and 'A-' (Strong) Insurer Financial Strength (IFS) rating of Sirius's operating subsidiaries. The Rating Outlook for all ratings is Stable.