News - Insurance
Generali announced the resignation of the Director Francesco Gaetano CALTAGIRONE
Assicurazioni Generali informs that non-independent director Francesco Gaetano CALTAGIRONE has resigned from the Board with immediate effect. The reasons have not been disclosed.
30 May 2022Chubb announces top management changes
Chubb Limited announced that John THOMPSON has been appointed Vice President, Chubb Group and Division President of International Personal Lines. The company also named Daniela HERNANDEZ, Division President of International Accident & Health (A&H).
30 May 2022Aegon sells 50% stake in Spanish joint venture with Liberbank to Unicaja
Dutch insurance group Aegon announces it has decided to sell its 50% stake in the Spanish insurance joint venture with Liberbank to Unicaja Banco. The sale is expected to close in the second half of 2022, subject to regulatory approval.
30 May 2022UZBEKISTAN: licenses of Agros Hayot and Farovon Sug'urta temporarily suspended
The Insurance Market Development Agency under the Ministry of Finance of the Republic of Uzbekistan has suspended the licenses of insurance companies Agros Hayot and Farovon Sug'urta for a period of 10 days starting May 23, UzReport informed.
26 May 2022KYRGYZSTSAN: 79% of insurers' income in 2021 came from premiums
In 2021, total income of 14 insurance companies that operated in Kyrgyzstan decreased by 8.7% y-o-y to KGS 1.6 billion (EUR 16.70 million). According to the National Statistical Committee of the Kyrgyz Republic, the bulk of income (79%) was received from premiums.
26 May 2022KAZAKHSTAN: voluntary property insurance grew by 24% y-o-y in the first quarter
High demand for property insurance against additional risks in the first quarter of 2022 allowed insurers to increase GWP in voluntary property insurance by 24% (or KZT 12.8 billion/EUR 24.71 million), Allinsurance.kz writes with reference to FREEDOM FINANCE INSURANCE.
26 May 2022AZERBAIJAN: Turkic World Insurance Union has been established
At the meeting of International Insurance Conference in Turkey's Istanbul on May 24, the Turkic World Insurance Union has been established following the agreement signed, Trend reports referring to the Azerbaijan Insurers Association.
26 May 2022STATISTICS: Kosovo insurers posted Q1 profit of EUR 0.4 m, after a net loss of over half million euro a year before
The insurance market of Kosovo totaled EUR 29.8 million at the end of Q1 2022, 16.1% more y-o-y, according to data provided by the Central Bank (CBK).
25 May 2022STATISTICS: Turkey, Q1 2022: Insurers' business expanded by 70% in Turkish Lira and by only 2% in Euro due to the local currency's depreciation
Total premium generated in the Turkish insurance market increased in local currency by 70.41% during January-March 2022 to TRY 43.10 billion, according to the preliminary figures released by the Insurance Association of Turkey (TSB).
25 May 2022One week to the 12th International Conference of Insurance Europe - Prague, 2 June
There is only one week left to the 12th edition of Insurance Europe's International Conference organized under the titles of "CLOSING THE GAP: Protection for all". The event will take place in Prague, at the Zofin Palace, on 2 June. XPRIMM is supporting the conference as Media Partner.
25 May 2022FIAR 2022: The Health Insurance Conference
What can Romania learn from the European health models? What is the current situation of the health insurance market in Romania and which are the opportunities and challenges on this segment?
24 May 2022STATISTICS: Greek insurers' Q1 GWP decreased by 1.3% y-o-y
According to the Q1 2022 preliminary statistics published by HAIC - the Hellenic Association of Insurance Companies, at the end of March, the Greece insurance market totaled at EUR 1.06 billion, 1.3% less y-o-y.
24 May 2022STATISTICS: Double-digit increase for Montenegrin insurance market in Q1 2022
The gross written premiums of Montenegrin insurers increased by 12.80% y-o-y in the first quarter of 2022, reaching EUR 26.89 million, as preliminary official figures showed.
24 May 2022MMC re-elects BoD during 2022 stockholders' meeting
Global re/insurance broker Marsh McLennan (MMC) announced that during its annual meeting, stockholders elected the entire slate of 2022 director nominees for a one-year term expiring at next year's annual meeting.
24 May 2022Sava posted Q1 net profit worth EUR 16.8 m, 27.9% of 2022 annual target
Slovene re/insurance group Sava reported Q1 2022 operating revenue worth EUR 177.8 million (vs. EUR 177.8 million) and a net profit of EUR 16.8 million vs. EUR 23.5 million in Q1 2021.
24 May 2022Triglav Group Q1 gross profit expanded by 20% to EUR 38.1 m
Slovenian insurance group Triglav reported Q 2022 aggregate revenue worth EUR 442.9 million, up by 12% y-o-y, while the volume of gross written premium increased by 10% to EUR 407.1 million year-on-year. At the same time, consolidated profit before tax totaled EUR 38.1 million, 20% more than in the same period last year.
24 May 2022Bosnia and Herzegovina: charter capital of insurance companies has increased
The Insurance Supervision Agency of the Federation of BiH approved the increase of charter capital to all insurance companies operating in the territory of the Federation of Bosnia and Herzegovina, the agency informed.
24 May 2022NORTH MACEDONIA: In the first three months the ISA reviewed three times more complaints than a year ago
In the first three months, the ISA (Insurance Supervision Agency) reviewed 52 complaints received from insured persons for the work of insurance companies, which is 3 times more y-o-y. The majority are the complaints related to vehicle liability compensation, which increased almost 4 times, the agency reports.
24 May 2022BULGARIA: Yuri KOPACH, Deputy Chairman of the Board of ABZ, wins the prize "For overall contribution to the development of Bulgarian insurance"
Yuri KOPACH, Deputy Chairman of the Management Board of ABZ (Association of Bulgarian Insurers) and Member of the Management Board and Executive Director of Generali Zastrahovane was awarded the national prize "For overall contribution to the development of Bulgarian insurance" of the Foundation "Prof. Dr. Veleslav GAVRIYSKI", ABZ said.
24 May 2022Generali, Moody's upgrades the IFS rating to A3 from BAA1
Moody's announced that it has upgraded Generali's Insurer Financial Strength (IFS) rating to A3 from Baa1.
24 May 2022
