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Insurance

Swiss Re reported FY2016 net income of USD 3.6 billion and proposes new share buy-back

Global reinsurer Swiss Re announced its FY2016 net income was down to USD 3.6 billion (USD 4.6 billion for 2015), while the Group premiums earned and fee income increased by 10.0% y-o-y to USD 33.2 billion. Swiss Re's Board of Directors will propose to the Annual General Meeting a higher dividend of CHF 4.85 (vs. CHF 4.6) and the authorisation of a new public share buy-back programme of up to CHF 1.0 billion. More
(23.02.2017)

STATISTICS: The Turkish market exceeded TRY 40 billion in GWP last year

Total GWP in the Turkish insurance market exceeded TRY 40 billion (about EUR 11 billion) last year, an increase of more than 30% compared to the previous year, according to preliminary data from the Insurance Association of Turkey - TSB. The TSB figures also show that Turkey's insurance sector grew by 20.2% in real terms last year when the annual inflation rate was 8.5%. More
(23.02.2017)

SAVE THE DATE for Conference on Inclusive Insurance and Microinsurance

At the end of May, the Institute for Strategic Solutions together with XPRIMM invite you to attend  the Conference on Inclusive Insurance and Microinsurance: Opportunities and Challenges for CEE and the Transcaucasian Region, which will be held in Ljubljana, Slovenia on 17 May 2017. More
(23.02.2017)

European Commission: The price cap of MTPL premiums in ROMANIA is not in line with EU law

The European Commission pointed out in the most recent Country Report that the Romanian Government decision regarding the maximum tariffs for the mandatory car insurance premiums (MTPL) is not in line with the EU legislation, including the provisions of the Solvency II Directive. More
(23.02.2017)

Bruce CARNEGIE-BROWN set confirmed as next Chairman of Lloyd's

Bruce CARNEGIE-BROWN is to become the Chairman of Lloyd's following a meeting of the Council of Lloyd's where his appointment as successor to John NELSON was approved unanimously. This appointment also had the unanimous support of the Lloyd's Franchise Board. More
(23.02.2017)

Romania: CertAsig identifies 3 micro-trends for specialised corporate insurance products in 2017

Corporate insurer CertAsig, which has over a decade of experience in insuring corporate clients in a wide range of diverse fields, in Romania and several other CEE countries, identifies 3 types of specialised insurance products that companies in Romania will discover in 2017. More
(23.02.2017)

Swiss Re proposes to elect Jay Ralph and Joerg Reinhardt to the Board

Swiss Re Group announced that the Board of Directors proposes to elect Jay Ralph and Joerg Reinhardt as new, non-executive and independent members at the Annual General Meeting of shareholders on 21 April 2017. At the same time, as it had already announced, Swiss Re also proposes to elect Jacques de Vaucleroy to its Board of Directors. Carlos E. Represas, who has been a member of Swiss Re's Board since 2010, will not stand for re-election. More
(23.02.2017)

SCOR, FY2016: Strong results, supported by the life business positive trend

GWP by the French reinsurer SCOR reached EUR 13,826 million in 2016, up 5.3% at constant exchange rates compared to 2015 (+3.0% at current exchange rates), with a strong contribution from SCOR Global Life - GWP of EUR 8,187 (+8.3% at constant exchange rates and +6.4% at current exchange rates) -, and increasing in SCOR Global P&C's GWP, which stood at EUR 5,639 million, up 1.2% at constant exchange rates (-1.5% at current exchange rates). More
(23.02.2017)

VIDEO: BERNARDINO, EIOPA: Making a difference for European consumers

"For EIOPA consumer protection is and will continue to be a key strategic priority. It is at the centre of our work through both prudential and conduct of business regulation and supervision," stated Gabriel BERNARDINO, Chairman of EIOPA - European Insurance and Occupational Pensions Authority, on the occasion of the European Consumer Protection Conference, organized last week in Vienna. More
(23.02.2017)

Willis Towers Watson: Exclusive negotiations to acquire OAAGC, the top French aviation brokerage

Willis Towers Watson (NASDAQ: WLTW) has entered into exclusive negotiations with OAAGC, the top French aviation brokerage, to acquire its team and book of business, a WTW press release reads. More
(23.02.2017)

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INTERVIEW
Thomas SCHOLLKOPF
Member of the Board, Responsible for Europe
ERGO International AG


We have no interest to be number 1 in Romania in a mid-term, neither on life nor non-life sectors, and that's not our target. I want us to be a profitable company and the best choice for brokers. That's our target: to be the best in class. 
(2017-02-02) More

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