DACH
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Talanx posts strong recovery as pandemic claims fall
HDI Global made a strong contribution to a significant upswing in revenues and profits reported by Hanover-based Talanx Group in…
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New global head of trade finance for Swiss Re Corporate Solutions
Swiss Re Corporate Solutions has appointed Marilyn Blattner-Hoyle as global head trade finance in its global credit & surety unit.…
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Rising prices help overcome ongoing Covid losses at Munich Re
Munich Re has raised growth forecasts for full year 2021 as it revealed near-double second quarter profits to €1.1bn, with…
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Report highlights global convergence of critical issues in insurance markets
There has been a convergence of critical issues in insurance markets around the world, according to Global Insurance Law Connect’s…
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AGCS returns to profit with turnaround ‘well underway’
A big reduction in Covid-19-related losses, price increases at renewals averaging 22% and withdrawal from loss-making business have driven a…
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Firmer pricing and lower Covid-19 losses boost Allianz result
Strong price increases at Allianz Global Corporate & Specialty (AGCS), the wider global economic recovery and a sharp reduction in…
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Hannover Re profits surge despite hefty cat losses
Hannover Re said profits have returned to a “pre-pandemic level” despite “further Covid-19-related strains” in its life and health reinsurance…
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Allianz warns results could be hit by US Alpha Fund litigation
Allianz’s share price fell by 9.5% at the start of August as it prepared to publish its first-half 2021 results,…
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Swiss Re Corporate Solutions back on track with $262m profit
Swiss Re Corporate Solutions delivered a net profit of $262m in the first half of 2021 compared with a loss…
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Liberty Global Transaction creates new EMEA structure to drive expansion plans
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has created a new EMEA structure under the leadership of…
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AIR says insured German flood losses could reach €5bn
AIR Worldwide estimates that insured losses in Germany from this month’s flooding could approach €5bn. The cost of the floods…
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GDV ups flood loss estimate as chemical explosion hits Leverkusen
The German association of insurance companies (GDV) has upped its estimate of losses from the recent storms and flooding across…
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Gallagher confirms WTW deal is off but has ‘excess cash’ to spend
A J Gallagher has confirmed the termination of its planned $3.57bn deal to acquire certain Willis Towers Watson (WTW) brokerage…
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Aon and WTW terminate $30bn deal over DoJ ‘impasse’
Aon and Willis Towers Watson (WTW) have cancelled their $30bn merger over an “impasse” with the US Department of Justice…
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Insured German flood losses up to €5bn, says GDV
Flooding in the North Rhine-Westphalia and Rhineland-Palatinate regions caused by Storm Bernd in Germany last week is expected to cost…
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Gallagher beefing up to become third option in Europe
A J Gallagher is receiving an “unusual” level of positive feedback from customers and carriers alike across Europe about its…
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UNIQA increases its 2021 earnings expectations
Leading Austrian insurer UNIQA has announced an improved business outlook for 2021, buoyed by strong performance in the first half-year.…
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Insured losses from storm Bernd top €1bn in Germany
The devastating flooding in Germany caused by the low-pressure weather system known as Bernd on 13-18 July, triggered more than…
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Berenberg estimates recent German flood loss up to $3bn
Floods in Germany and other parts of Europe last week and over the weekend could cost (re)insurers between $2bn and…
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Insolvencies to rise but Covid-19 armageddon in Europe likely avoided
Insolvencies of so-called ‘zombie’ companies kept afloat by government pandemic measures are still set to rise later this year and…