News - Insurance

Turkey Wealth Fund to buy GROUPAMA's 10% stake in GUNES Sigorta

Turkey's sovereign wealth fund announced its TVF Finansal Yatirimlar unit had agreed to purchase France-based Groupama Holding SA's 10% stake in Turkish insurer GUNES Sigorta, Reuters reported, quoting a statement from the sovereign wealth fund. No further details including financial terms of the transaction were available.

HUNGARY: February storm claims may exceed HUF 1 billion

About 10,000 claim files were reported by Hungarian insurers following the first week of February's storms, Budapest Business Journal reported quoting MABISZ (the Hungarian Association of Insurers) representatives.

IIF 2020 - MOTOR INSURANCE - "A glimpse in the future" - meet the speakers!

IIF 2020 - MOTOR INSURANCE - "A glimpse in the future", the fourth conference organized in Vienna under the titles International Insurance Forum, will take place on 6 April, with a rich agenda bringing under the limelight the latest trends in the industry. Early bird rates are only available until 15 February.

DUNAV Osiguranje gives up its Bosnian life insurance business

Bosnian subsidiary of the Serbian DUNAV Osiguranje said it plans to give up its life insurance business, remaining active in non-life insurance only, reports SeeNews quoting a company document filed with the Banja Luka Exchange Stock.

Vienna Insurance Group acquired 20% interest in ViveLaCar start-up

Vienna Insurance Group (VIG) announced the acquisition of an interest of around 20% in the German start-up ViveLaCar GmbH, which is headquartered in Stuttgart. VIG's acquisition will help ViveLaCar's planned expansion into Austria and Switzerland in spring 2020.

RUSSIA: from 2017 to 2019 GWP of RNRC doubled

According to the Russian National Reinsurance Company (RNRC), its GWP amounted to RUB 14 billion (~EUR 0.2 billion) in 2019, while its profit exceeded RUB 3 billion (EUR 43.24 million), as Natalia KARPOVA, President, Chairman of the Board of RNRC, announced.