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Multiline Insurance & Brokers

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Vienna Insurance Group To Merge Croatian Group Companies

Monday, 11 Dec 2017

Dec 11 (Reuters) - VIENNA INSURANCE GROUP ::TO MERGE CROATIAN GROUP COMPANIES.CROATIAN BANCASSURER ERSTE OSIGURANJE DUE TO MERGE WITH WIENER OSIGURANJE AT END OF APRIL 2018.AIMS TO INCREASE ITS MARKET SHARE IN CROATIA TO AT LEAST 10 PERCENT IN THE MEDIUM TERM.

Aon reports Q3 earnings per share $0.72

Friday, 27 Oct 2017

Oct 27 (Reuters) - Aon Plc :Aon reports third quarter 2017 results.Q3 earnings per share $0.73 from continuing operations.Q3 earnings per share $0.72.Q3 revenue rose 6 percent to $2.3 billion.Q3 earnings per share view $1.28 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $1.29 from continuing operations.Q3 adjusted earnings per share $1.25.Aon PLC - ‍Are on track to exceed $7.97 adjusted earnings per share in 2018 and deliver double-digit free cash flow growth over long-term​.Aon PLC - ‍Restructuring expenses were $102 million in Q3, primarily driven by workforce reductions, it rationalization, and other separation costs.​.

Gjensidige Q3 pretax profit above forecast

Thursday, 26 Oct 2017

Oct 26 (Reuters) - Gjensidige Forsikring Asa :Gjensidige q3 pretax profit nok ‍1.72 bln (Reuters poll nok 1.52 billion).Gjensidige q3 combined ratio ‍81.0​ percent (Reuters poll 84.4 percent).Says large losses were lower than in the third quarter 2016, below the level that is normally expected.The Board remains confident in Gjensidige’s ability to deliver solid earnings and dividend growth over time .Strong underwriting profitability is expected to offset a challenging environment as regards achieving investment returns.Repeats guidance for combined ratio.Says the macroeconomic situation is improving, and the outlook for the Norwegian and Nordic general insurance operations is regarded as good.Says new, profitable opportunities for growth will be considered in the Nordic region and the Baltic states in order to ensure good utilisation of a scalable business model and best practice.

The Hartford to acquire Aetna's U.S. group life and disability business

Monday, 23 Oct 2017

Oct 23 (Reuters) - Aetna Inc :The Hartford signs agreement to acquire Aetna’S U.S. group life and disability business.Aetna Inc - deal for $1.45 billion​.Aetna - ‍projects impact of deal to 2017 earnings per share to be immaterial given timing of transaction, slightly dilutive to 2018 earnings per share.Aetna Inc - ‍acquisition will be accretive to Hartford's earnings in 2018​.Aetna Inc - ‍acquisition will be funded by Hartford by dividends from its insurance subsidiaries and holding company resources​.Aetna Inc - ‍Hartford does not intend to issue debt or equity in order to fund cash consideration for acquisition​.Aetna Inc - ‍Hartford does not currently expect to authorize an equity repurchase plan for 2018​.

Catalana Occidente board agrees to relocate its registered office to Madrid

Tuesday, 10 Oct 2017

Oct 10 (Reuters) - GRUPO CATALANA OCCIDENTE SA ::SAYS BOARD AGREES TO RELOCATE ITS REGISTERED OFFICE TO MADRID.

Aon signs definitive agreement to sell benefits administration, HR BPO platform

Friday, 10 Feb 2017

Aon Plc - : Aon reports fourth quarter and full year 2016 results . Q4 earnings per share $1.87 . Q4 revenue rose 1 percent to $3.3 billion . Q4 earnings per share view $2.49 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $2.56 . Signed a definitive agreement to sell benefits administration and HR business process outsourcing businesses for gross cash proceeds up to $4.8 billion . Total after-tax cash proceeds from deal are expected to be approximately $3.0 billion . Deal includes $4.3 billion in gross cash at closing and additional consideration up to $500 million based on future performance . Aon Plc says foreign currency exchange rates in Q4 had a $0.04 per share, or $13 million pretax, favorable impact on gaap net income . Subsequent to close of Q4, authorized a $5.0 billion increase to existing remaining authorization under its share repurchase program . Identified immaterial legacy errors related to quarterly timing of revenue recognition within americas retail brokerage business in risk solutions . Immaterial legacy errors affected quarterly revenue amounts previously reported .Impact of errors on company's annual revenue and organic growth is immaterial.

Assiteca to incorporate units Assiteca & Co and Assiteca B.A.

Thursday, 28 Jul 2016

Assiteca Spa Internazionale Di Brokeraggio Assicurativo :To incorporate units Assiteca & Co and Assiteca B.A..

Zurich CEO says new structure will see redundancies, cannot quantify at the moment

Friday, 10 Jun 2016

Zurich Insurance says in media call : Zurich insurance CEO says too early to talk about dividend of 2017 . CEO Says Will Report Soon On Progress On Reshaping The Business, Will Show That Actions Taken Will Restore Profitability Of Company . Zurich CEO says not ready today to speak about possible costs from introducing new structure . Zurich Insurance CEO says in next weeks or months will quantify impact of new structure and how this could impact cost saving targets . Zurich CEO confirms current cost saving target . Zurich CEO Greco says new structure wasn't driven by cost cuts, adds there will be redundancies from new structure but cannot quantify this at the moment . Zurich CEO Greco says by September we will know exactly what the impact in terms of cost reductions and possible extraordinary costs from new structure .Zurich CEO Greco says between today and November we will update as soon as possible if cost savings target can be held or revised upwards.

Assiteca SpA Internazionale di Brokeraggio Assicurativo incorporates units Assiteca, Assiteca & Partners and Assiteca Napoli‍

Tuesday, 16 Feb 2016

Assiteca SpA Internazionale di Brokeraggio Assicurativo:Incorporates units Assiteca Srl, Assiteca & Partners Srl and Assiteca Napoli SpA.Expects to close the transactions in the second half of June ‍​.

UNIQA Insurance Group launches investment programme of about EUR 500 million, comments on FY 2016 guidance and dividend

Monday, 18 Jan 2016

UNIQA Insurance Group AG:To launch investment programme in FY 2016 in order to align processes and products with customer requirements and expectations that are being transformed by the digital revolution.Programme to be spread over several years and comprises a total volume of around 500 million euros.Investments, a considerable portion of which are to be made in FY 2016, will primarily be employed for the redesign of the business model and the modernisation of IT systems that this requires.Expects significantly reduced earnings in the FY 2016 financial year compared to FY 2015's strong earnings.Intends to continue its since 2012 consistently implemented progressive dividend policy with annual increases of the distribution per share.

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