“I have decided to entrust François de Varenne with new and important responsibilities within the Executive Committee. François has successfully led the Group on an interim basis over the past three months," says Thierry Léger, Chief Executive…
Christoph Jurecka, Munich Re Group CFO said: ”The earthquake that hit Turkey on the border with Syria in February 2023 was one of the most catastrophic we have seen in recent history. Around 60,000 people lost their lives. The insured losses…
“SCOR has generated excellent results in Q1 2023. The Group is taking full advantage of the current favorable environment. Our new CEO, Thierry Léger, is in charge of drawing up a new three-year strategic plan under IFRS 17. This plan will define…
"With the result for the first three months we have achieved more than a quarter of the full-year guidance of at least €1.7bn and are thus very much on course," said Jean-Jacques Henchoz, Chief Executive Officer of Hannover Re.
"Despite losses attributable to the war in Ukraine, ongoing inflation, and high market losses due to natural disasters, Munich Re exceeded its profit target of €3.3bn by €100m for the 2022 financial year. What really paid off here was portfolio…
“The transition to IFRS 17 will allow SCOR to disclose the full value of its portfolio, particularly in L&H reinsurance, through the introduction of the Contractual Service Margin (CSM). Together with the shareholders equity, this constitutes…
“In our view, the opportunities to pursue decarbonisation goals in a collective approach among insurers worldwide without exposing ourselves to material antitrust risks are so limited that it is more effective to pursue our climate ambition…
“The re/insurance sector has a key role to play in boosting resilience against such events. However, insurance is no substitute for constant investment in good planning and adaptation measures to mitigate risks, says Priyen Mehta, Head P&C Southern…
"The most apparent effects that have been deeply analysed and commented on are for the hull war insurers and the cargo war insurers facing potential claims for the hulls and cargoes caught in the war," says Frédéric Denèfle, IUMI President &…
"In the 2022 financial year we once again demonstrated Hannover Re's resilience. The environment in which we are operating remains challenging. Property and casualty reinsurance, in particular, saw heavy losses in 2022 from natural catastrophes,…
"The teams are fully mobilized to accelerate the execution of the one-year plan to restore the Group's profitability and to ensure the transition to the new IFRS 17 standard. We are ready to support the new CEO in the preparation and execution…
“Alexandre’s extensive experience and recognized skills in corporate communications, media relations and thought leadership will ensure the continuity of dialogue with all our stakeholders, help us to share to Group’s new roadmap, and make sure…
”Munich Re absorbed the crises of 2022 well and continues to grow profitably. We are robust, both financially and in terms of capital. Our broadly diversified business portfolio not only makes us more resilient, but also opens up new earnings…
“With his HR expertise and his analytical rigor, developed at SCOR since 2020 and across various industries prior to that, Yves Goldschild has all the qualities needed to define a human resources policy that supports the Group's performance,"…
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