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TOP NEWS
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Swiss Re sells stake in Phoenix Group for GBP 437 million
by Alexandra GUZUN, 2021-06-24
Swiss Re announced that it has reduced its shareholding in Phoenix Group Holdings plc, by selling an approximately 6.6% stake for GBP 437 million. The Phoenix stake was acquired by Swiss Re last year in the sale of its ReAssure subsidiary.
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SCOR has received an 'AA-' Financial Rating with stable outlook
by Alexandra GUZUN, 2021-06-24
Standard and Poor's (S&P) has decided to affirm SCOR's Group Financial Strength Rating of 'AA-' with a stable outlook as the company has demonstrated its ability to absorb the shock of the pandemic, to continue to grow, to maintain its profitability and to strengthen its solvency even further.
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A 38% stake in Bosnian Osiguranje Aura for sale
by Daniela GHETU, 2021-06-24
The state-owned Investment-Development Bank of Bosnia's Serb Republic, IRBRS, said it is looking to sell its shares in local insurer Osiguranje Aura representing 38.06% interest for BAM 2.16 million (EUR 1.1 million), SeeNews announced on June17, quoting IRBRS
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EBRD supports innovative digital-driven insurance company in Greece
by Andrei Victor, 2021-06-22
The European Bank for Reconstruction and Development (EBRD) is providing a mandatory convertible debt facility of EUR 10 million to Hellas Direct Insurance Limited, a fast growing, tech-driven insurance company, to support its growth and provide the company with solvency capital. The debt facility is part of a larger financing round of EUR 32 million.
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Croatia: GWP up by 13.2% in the first five months of 2021
by Daniela GHETU, 2021-06-24
The 15 insurers active on the Croatian market in the first five months of 2021 wrote gross premiums worth HRK 5.4 billion (~ EUR 972 million), of which for life insurance HRK 1.4 billion, and HRK 4.0 billion for non-life insurance, latest data from HANFA, the supervisory authority, show.
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INTERVIEW
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David ONOPRISHVILI, Chairman, Insurance State Supervision Service of Georgia
by Daniela GHETU, 2021-06-24
This period had a positive effect on the services of insurance sector, as more and more insurance undertakings upgraded their services in order to ensure digital transformation and to be in line with the existing needs. The opportunities raised by the pandemic situation accelerated digitalization process in the field of insurance.
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STATISTICS
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ON THE MOVE
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Andrej Andoljsek appointed Chairman of the Supervisory Board of Zavarovalnica Triglav
by Andrei Victor, 2021-06-22
Slovene insurance group TRIGLAV announced the appointment of Andrej Andoljsek as Chairman of the Supervisory Board of Zavarovalnica Triglav d.d. :"The Supervisory Board of Zavarovalnica Triglav d.d. met for the first time in its new composition on 18 June 2021 and appointed Andrej Andoljsek Chairman of the Supervisory Board of Zavarovalnica Triglav".
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PZU appointed attorney Pawel Mucha as Member of the Supervisory Board
by Andrei Victor, 2021-06-22
Polish largest insurer PZU SA (Powszechny Zaklad Ubezpieczen Spolka Akcyjna) announced on 16 June 2021 the Company's Ordinary Shareholder Meeting appointed Pawel Karol Mucha as Member of the Company's Supervisory Board. "The resolution came into force upon its adoption".
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EVENTS
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CURRENT XPRIMM REPORTS
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