"We had to take some conscious decisions on portfolio steering in order to respond to the market challenges," said Jean-Jacques Henchoz, Chief Executive Officer of Hannover Re. "As a result, we have achieved a durable improvement of the quality…
"Thanks to our position as a profitable and sought-after business partner and in light of the attractive market environment, especially in property and casualty reinsurance, we again expect a satisfying Group net income for the current financial…
"I am honoured by the confidence the Board of Directors has placed in me, and look forward to meeting the Group’s employees, clients and shareholders. I plan to actively pursue the growth of the company by continuing to develop its products…
“Climate change is taking an increasing toll. The natural disaster figures for 2022 are dominated by events that, according to the latest research findings, are more intense or are occurring more frequently," says Thomas Blunck, Member of the…
"The renewal of this contingent capital facility is an essential part of our active capital management and balance sheet protection policy, which helps to protect the Group’s solvency and resilience at a low cost," says Laurent Rousseau, Chief…
Munich Re has said with effect from 1 January 2023, various primary insurance businesses of the Group that are part of the reinsurance segment will be managed together in a new Global Specialty Insurance (GSI) division, to be headed by Michael…
Munich Re has today said that it aims for a consolidated profit of around €4.0bn* for the 2023 financial year under the new reporting standard IFRS 17.
“This transaction underlines SCOR’s strong appetite to deliver longevity solutions to our clients. Recent world events have brought life and health risks into sharp focus and now, more than ever, we are seeing demand for stability," says Frieder…
Improving climate change resilience and supporting disaster risk management is a key objective of the United Nations in the Pacific. In this regard, SCOR has been involved since 2021 in the collaborative development and rollout of the region’s…
"The quarter has been difficult, and the results are significantly below the Group’s expectations. Our short-term priority is the restoration of our financial performance," says Laurent Rousseau, Chief Executive Officer of SCOR.
"I am delighted that the Board of Directors can henceforth benefit from Martine Gerow’s expertise, skills and experience. Her knowledge of financial matters and her global vision will be valuable assets, helping to enriching our discussions…
Christoph Jurecka, Munich Re Chief Financial Officer says: "Financial solidity and professional expertise are of fundamental importance to our clients in times of crisis and guide Munich Re in its actions. Hurricane Ian matches the pattern science…
“For every risk there’s a business opportunity. The insurance industry, which is often referred to as a mirror to the economy, is well versed in risk assessment, given its role as oil in the economic engine and a reliable gauge of things to…
"High inflation rates only add to the costs of rebuilding. Our full-year earnings guidance nevertheless remains achievable. This is possible thanks to healthy profit contributions from the investments as well as life and health reinsurance and…
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