ALLIANZ reported solid results in Central and Eastern Europe for the first six months of 2011. Total revenues amounted to EUR 2.07 billion compared to EUR 2.04 billion in the first half of 2010. Operating profit increased by 54 percent to EUR 144 million while net income doubled to EUR 120 million from EUR 60 million in the year before.

EUREKO and GARANTI Bank closed in early June the sale of 20% shares in EUREKO SIGORTA to EUREKO, the insurance Group announced. EUREKO is now 100% owner of the leading Turkish insurance company. Regulatory authorities approved the transaction.

According to the group press release, KBC Securities has recently completed the divestments of its operations in Serbia and Romania, reaching an agreement on management buy-outs with local management. The impact of the transactions on KBC's earnings and capital is negligible given the size of the activities.

ALLIANZ will participate with EUR 300 million to the recovery plan of Greece, according to Michael DIEKMANN, CEO of the company. "We are speaking about a financial commitment coming from our group of about EUR 300 million by 2014", mentioned the official.

Starting July 1st, 2011 EUREKO will have two new members to the Supervisory Board, according to the press release.

MARSH & McLENNAN Companies have made public the repositioning of the brand through the return to the historical name of the company, at the same time with the increase of awareness and understanding of its capabilities towards risk, strategy and human resources. The returning of the historical name shows the long experience in the domain of risk and insurance, but also in consultancy through its member companies: MARSH, GUY Carpenter, MERCER and OLIVER Wyman. The usage of the name MARSH & McLENNAN Companies in the logo replaces the former brand MMC.

SWISS Re has finalized the reorganization process of the internal leadership to better adapt to the new company structure. Since May 2011, SWISS Re Ltd is the holding that includes all the other companies within the group.

ALLIANZ SE announced on May 26, 2011 solid results for operations in Central and Eastern Europe "despite a still challenging business environment in the region. Total premiums amounted to EUR1.057bn compared to EUR1.115bn in the first quarter of last year. The decline of 5 percent on an internal basis is mostly attributable to the Life/Health business, which last year benefitted from one-off effects in several markets", according to the press release.

According to the company's press release, GENERALI Pojistovna - GENERALI PPF's Czech branch will have from 1st July 2011 a new Chief Executive Officer (CEO): Stefan TILLINGER. Petr KOPECKY (41), the present CEO and member of the GENERALI Pojistovna's board of directors, is leaving by his own decision on 30th June 2011, having resigned from all positions and offices held at GENERALI Pojistovna. After obtaining all necessary regulatory approvals, Stefan TILLINGER will be also appointed as a member of the GENERALI's board of directors.

According to the company's press release, Konstantin KLIEN, since 1 January 2002 Chairman of the Management Board of UNIQA Versicherungen AG, will leave the company on 30 June 2011, as already announced. Also, Karl UNGER (born 1953), since 1 January 2002 Board Member of UNIQA Versicherungen AG, will leave the Management Board on the same date.

ROSGOSSTRAKH Group Russia has underwritten, in 2010, gross premiums worth EUR2bn, up 20% compared to the level achieved in 2009, while the insurer paid claims amounting to EUR1.1bn.

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According to preliminary estimates, the total amount of receipts of INGO Group companies reached approximately RUB18.0bn (EUR0.45bn) in Q1/2011, which is 5.2% higher than the same indicator of the previous year. The payments for the reporting period amount to RUB11.8bn (EUR0.3bn), which is 4.9% less than the same indicator in 2010. The results cumulate the business of all subsidiaries of INGOSSTRAKH Group present in Russia, Ukraine, Belarus, Armenia, Kyrgyz Republic and Uzbekistan.

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VIENNA Insurance Group achieved premiums written totalling about EUR8.6bn in the past financial year 2010. This corresponds to an increase of 7.2%. In the property/casualty insurance segment, premiums totalling EUR4.4bn were written, corresponding to an increase of 3.4%. With premiums amounting to EUR3.9bn, the VIG companies reported a plus of 11.8% on the life insurance segment. On the health insurance segment, VIG reported an increase of 5.2%, with premiums written amounting to EUR338.2m.

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With an increase in premium volume written of 8.4%, to EUR6.2bn - according to preliminary data -, the UNIQA Group was able to drive growth forward significantly in 2010 and continue the positive trend. This far-reaching strengthening of market position in almost all markets also entailed a significant improvement in profit. The Group pre-tax results, according to preliminary data, will lie between EUR135m and EUR140m.

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In the year 2010, despite the financial recession, the TRIGLAV Group conducted business well and created EUR26.6m of net profit, which, considering the loss of the preceding year, is an exceptional achievement that TRIGLAV Group reached through effective corporate management. In the previous year, TRIGLAV Group achieved EUR43.2m profit before taxes. The plans of TRIGLAV Group for the year 2011 are equally ambitious and forecast EUR54m of net profit.

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In 2010 the PZU Group wrote premiums of PLN14.5bn (EUR3.6bn). That was, in Polish currency, 1.3% more than last year. Also, the non-recurring events contributed to lower net earnings than in the previous year of PLN2.4bn (EUR0.6bn). The PZU Group paid claims worth PLN10.3bn (EUR2.6bn).

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In 2010, the earned premiums in non-life insurance by KBC Group came to EUR1.9bn, virtually on a par with the year-earlier figure. Premium income increased again in Belgium, rising by 3% (not including SECURA, which was sold in 2010), whereas it fell slightly in Central and Eastern Europe.

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In 2010, the underlying loss before tax was EUR519m compared with a loss of EUR202m in 2009. The operating result of insurance and investment management increased to EUR1.7bn from EUR1.4bn in 2009, mostly driven by higher investment margins and increased fees and premium-based revenues in life insurance and the investment management business.

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At the end of 2010, the consolidated premium income of insurance activities for GROUPAMA is higher by 1.5% at EUR14.4bn. Life and health insurance premium income was EUR7.5bn and property and casualty insurance premium income was EUR6.9bn, representing a 4% increase.

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GENERALI Group ended 2010 with gross written premiums up to EUR73.2bn, an increase of 3.8% (EUR70.5bn in 2009). The Group confirmed its strong growth in the Life business (+4.5%) with premiums in excess of EUR51bn. The improvement in Life premiums arose specifically from excellent growth in Italy, Germany, East Europe and China. Premiums in the Non-Life segment also made a return to healthy growth (+2.1%), to over EUR22bn, with Italy and France reporting excellent performance.

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