News - Re/Insurance groups

ERGO, 2Q2020: Second quarter profit went up 27.4% year-on-year

During the second quarter of 2020, ERGO, part of Munich Re, generated a sizeable profit of EUR 173 million (+27.4%) in its field of business, while for the January-June 2020 period, it's consolidated profit reached EUR 245 million (+11.4%).

MUNICH Re and FRAUNHOFER grant awards for ideas for treatment of Covid-19

Against the background of the Covid-19 pandemic, MUNICH Re and the FRAUNHOFER-GESELLSCHAFT launched the Give a Breath Challenge in March of this year. They aim to promote innovative ideas that can help people who have contracted the new coronavirus, contributing their own expertise and networks, and funding totalling EUR 1 million.

Guy Carpenter appoints Canada President and CEO

Guy Carpenter & Company, part of Marsh & McLennan Companies (MMC), announced the appointment of Peter Askew as President and CEO, of Guy Carpenter's Canadian business, with immediate effect.

Aon, 2Q2020: Net income went up 44% year-on-year

Aon plc ended the second quarter of 2020 (April - June) with a net income attributable to the company of USD 397 million, 44% more year-on-year. Net income per share from continuing operations attributable to Aon shareholders, adjusted for certain items, increased 5% to USD 1.96, (2Q2019: USD 1.87).

POLAND: Strategic cooperation of GENERALI with 4Life Direct

GENERALI CEE Holding announced a strategic two-fold cooperation with 4Life Direct in Poland: "4Life Direct becomes the agent of GENERALI in Poland and further, the cooperation includes a proposal for holders of over eighty thousand Polish policies from the company's partner from Gibraltar - to come under the wings of the Venetian lion".

Generali, 1H2020: GWP slightly increased, exceeding EUR 36 billion

Generali Group ended the first half of 2020 with a net profit of EUR 774 million, 56.7% smaller year-on-year. The profit was affected by EUR 226 million of net impairments on investments related to the performance of the financial markets, EUR 183 million for the arbitration settlement for the sale of BSI and the contribution of EUR 100 million to the Extraordinary International Fund for the pandemic emergency.

MAPFRE, 1H2020: Group's revenues stood at EUR 13 billion

MAPFRE's revenue for the first six months of this year amounted to EUR 13.3 billion, an 11.8% decrease compared to the same period last year, while premiums totaled 11.0 billion euros (-12.3%). This decrease falls within the context of the economic downturn caused by the COVID-19 crisis, which began in mid-March and intensified throughout the second quarter of the year, affecting all countries.

ERGO and BMW Bank are starting a strategic cooperation

ERGO Group and BMW Bank agreed on strategic cooperation in the German car dealership sector. Within this framework, both companies aim to develop digital insurance and mobility services in the future.

PartnerRe appoints Jacques Bonneau as President and CEO

PartnerRe announced the appointment of Jacques Bonneau as its President and Chief Executive Officer (CEO), effective from July 28, 2020. Bonneau succeeds Emmanuel Clarke, who is leaving the Company by mutual agreement to pursue other opportunities outside the Group.

--> Netopia