News - Insurance
Fairfax, FY2019: investments gains lifted consolidated net earnings to USD 2 billion
Fairfax Financial Holdings Limited announced fiscal year 2019 net earnings of USD 2,004 million compared to fiscal year 2018 net earnings of USD 376 million, primarily reflecting net gains on investments.
18 February 2020David BARANYAI appointed interim CEO of NN Insurance Hungary
David BARANYAI, currently CSO NN Hungary, has been appointed CEO NN Insurance Hungary on an ad interim basis, subject to regulatory approval. The appointment is effective as of 17 February 2020.
17 February 2020Winter storm Ciara-Sabine insured losses between EUR 1.1 - 1.9 billion, risk modelers' estimations agree
AIR Worldwide estimates insured losses for winter storm Ciara-Sabine will be between EUR 1.1 Billion and EUR 1.9 Billion, while RMS sets the upper limit to EUR 1.8 billion. Both agree also that Germany, France, and the United Kingdom are the areas most affected.
17 February 2020Zurich Insurance Group, FY2019: consolidated revenues expanded by 53.3% to USD 71 billion
Zurich Insurance Group (Zurich) announced a net income of USD 4,147 million for the year 2019, 11.6% higher than the level recorded at the end of 2018 (FY2018: USD 3,716 million)
13 February 2020Aegon, 2H2019: July-December net income went up 260%
At the end of the second half of 2019, Aegon's net income increased significantly to EUR 910 million (+260%), while full year net income more than doubled to EUR 1,528 million (+105%).
13 February 2020Turkey 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.
13 February 2020HUNGARY: 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.
13 February 2020Lloyd's announced inaugural members of Culture Advisory Group
Lloyd's of London announced the appointment of prominent figures as the inaugural members of its Culture Advisory Group.
13 February 2020STATISTICS: ARMENIA, FY2019: retail insurance accounted for almost 53% of insurers' portfolios
In 2019, the Armenian insurance market grew by 19.79% in local currency, its GWP amounting to AMD 49.13 billion (~EUR 91.45 million), according to the data of insurance companies, provided by ArmInfo.
13 February 2020STATISTICS: MONTENEGRO, FY2019: market expanded to almost EUR 95 million, up by 9% y-o-y
The Montenegrin market reported a 9% y-o-y growth in FY2019 GWP, to EUR 94.76 million, according to the preliminary figures published on the ISA's web-site.
13 February 2020STATISTICS: CROATIA, FY2019: insurers' GWP increased by 7% y-o-y to EUR 1.4 billion
The gross written premiums of Croatian insurers increased by 7% y-o-y to HRK 10.54 billion (EUR 1.42 billion) in 2019, according to the preliminary figures published by the Croatian Insurance Bureau.
13 February 2020IIF 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.
12 February 2020Swiss Re Corporate Solutions appoints Marc Scheidegger as Chief Claims Officer
Swiss Re Corporate Solutions appoints Marc Scheidegger as Chief Claims Officer. Subject to approval by the relevant authorities, Scheidegger will assume the role on 1 June 2020 and join the Swiss Re Corporate Solutions Executive Committee.
12 February 2020Swiss Re Corporate Solutions appoints Bianca Willauer as Head Property & Specialty Lines EMEA
Swiss Re Corporate Solutions has appointed Bianca Willauer as Head Property & Specialty Lines, EMEA, effective 1 February 2020.
12 February 2020DUNAV 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.
12 February 2020Vienna 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.
12 February 2020UKRAINE: over 39% of TAS claims were paid for MTPL in 2019
TAS Insurance group, one of TOP-5 insurance companies of Ukraine, reported that the group's GWP reached UAH 1.81 billion (~EUR 68.5 million) in 2019, which is 30.8% more y-o-y, Forinsurer writes.
12 February 2020RUSSIA: 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.
12 February 2020RUSSIA: financial ombudsman service included into International Network of Financial Services Ombudsman Schemes
The Russian financial ombudsman service was included into the International Network of Financial Services Ombudsman Schemes. This decision was made at the meeting of the Organization's Committee, as ASN reports with reference to the Chief Financial Ombudsman, Yuri VORONIN.
12 February 2020Fitch Ratings upgrades Lithuania and Greece, affirms Azerbaijan and Slovenia
In January 2020, Fitch Ratings, a leading provider of credit ratings, took rating actions over Lithuania, Greece, Azerbaijan and Slovenia, upgrading the first two countries' ratings and affirming the others' Long-Term Foreign-Currency Issuer Default Rating (IDR).
12 February 2020
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