Excluding the merger of the Pension Funds in 2009 (EUR1.1bn), in 2010 gross written premiums increased by 7%. Including this merger, premiums grew slightly to EUR19.9bn (EUR19.6bn in 2009).

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The ERGO Insurance Group reported a successful financial year 2010. By comparison to the previous year, the consolidated result had more than doubled and stood at EUR355m. Total premium income was up 5.7 percent to EUR20.1bn. All business segments contributed to this very favorable result. At the same time, ERGO took advantage of the launch of its brand in the German insurance market to reposition itself with the promise "To insure is to understand".

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In 2010, the total revenues of AXA Group were down 1% to EUR90,972m.
Life & Savings insurance line revenues were down 3% to EUR56,923m with increases in Mediterranean and Latin American Region and Northern Central and Eastern Europe more than offset by decreases in France, the US and Japan. APE (Annual Premium Equivalent) was down 2% to EUR5,780m, with lower sales mainly in France, Japan and the US, partly offset by strong performance in the UK (retained business only), SEA & China, Hong-Kong and CEE.

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ALLIANZ in Central and Eastern Europe reported solid results for 2010. Total premiums in CEE amounted to EUR3.7bn and remained on the same high level as in 2009. Adjusted for currency effects, premiums decreased by 3 percent. Operating profit in 2010 reached EUR119m, which corresponds to a 61 percent decrease.

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The total value of gross written premiums of ALLIANZ in Central and Eastern Europe has slightly exceeded the EUR 1 billion level, compared to EUR 1.115 billion in the first quarter of last year. The 5% decrease is largely attributed to the life and health insurance segment, which benefited last year from the effects of growth exhibited by some of the markets. The operating profit remained at the previous year level of EUR 65 million.

Factors such as the drastic effects of the global financial crisis in these markets, and take-over activities of local players by large European groups, have made it even more difficult for new entrants to penetrate these markets. Consequently, MILLI Re would like to continue our activities in these markets, to maintain our support to existing clients and evaluate the opportunities in order to increase its presence and involvement in the region. Also in line with this strategy, MILLI Re is attending and supporting as Strategic Partner the 14th edition of FIAR - International Insurance Reinsurance Forum, taking place on May 23-26 in Sinaia, Romania.

Reinsurer EASTERN Re, one of the market leaders in Russia and CIS region, increased its share of external business to 25% of the total portfolio in 2010, meaning a 159.5% growth of underwritings outside the country. In 2010 EASTERN Re collaborated with 37 countries (from 30 countries in 2009), including those in CIS and Central Europe, the amount of taken risks recording a significant increase on these markets.

In the first quarter of 2011, the new-business volume registered by the Dutch group AEGON on the life insurance segment was EUR 501 million with higher sales in the New markets (Central and Eastern European and Asia) and the Netherlands, offset by less favorable evolutions in the UK. The Dutch insurer ended the first three months of 2011 with total sales worth EUR 1.41 billion, with a slight decrease compared to the similar period of last year, when sales amounted to EUR 1.44 billion.

"Due to the globalization process, insurance companies from CIS have been forced to expand their business in other markets, from other countries, thus creating additional sources of underwriting and reducing risks of concentrating business in one region, stabilizing insurer's activity", stated Igor SHEKHOTOVTSOV, Development Manager, Unity Re, during the seminar "Motor insurance during crisis", that took place in Chisinau, on April the 11th, 2011.

JLT Reinsurance Brokers Limited (JLT Re) has expanded its existing capabilities in Central and Eastern Europe through the appointments of Guy HUDSON as Partner and Russell HENWOOD as Associate. JLT has taken the two Central and Eastern European reinsurance specialists from rival WILLIS's reinsurance division.

ROSGOSSTRAKH Group Russia has underwritten, in 2010, gross premiums worth EUR 2.06 billion, up 120% compared to the level achieved in 2009, while the insurer paid claims amounting to EUR 1.1 billion. On insurance classes, the property segment reached EUR 311.70 million (up by 118%).

ALLIANZ's total written premiums in Central and Eastern Europe reached EUR 3.7 billion, remaining at the same level as in 2009. The operational profit for 2010 is worth EUR 119 million, a value that outlines the 61% decrease.

VIENNA Insurance Group and PZU are the companies with the highest potential for investors, according to a recent published ERSTE Group report. The report shows that VIG has great exposure to Central and Eastern Europe, occupying top position on the markets in Czech Republic, Slovakia, Romania and Bulgaria, besides the fact that is it the biggest Austrian company. VIG's strong points, in the specialists opinion, are the strong capitalization, with a solvency exceeding 200%, as well as the sums at its disposal for aquisitions, worth EUR 1.2 billion.

Reinsurance company EASTERN Re, one of the profile market leaders in Russia and CIS, underwrote in the previous year a premium volume worth EUR 23.4 million, 61% coming from reinsurance business. A 39% was made from direct insurance as a result of the merger between EASTERN Re and MEGAPOLIS insurance company, in June of 2010.

Zavarovalnica TRIGLAV has reached a net profit of EUR 54.2 million in 2010, the volume of cashed premiums exceeding EUR 1 billion, the capital reaching EUR 607 million, according to Matjaz RAKOVEC, the company's CEO.

VIENNA Insurance Group, eastern Europe's biggest insurer, postponed its EUR 500 million (USD 666 million) sale of 30-year subordinated bonds, according to a banker involved with the transaction.

Assicurazioni GENERALI, Europe's third-biggest insurer, plans to increase its real-estate holdings and boost asset-management in central and Eastern Europe and Asia to raise profitability, according to Bloomberg.

In the CEE markets VIENNA Insurance Group reported written premiums of EUR 2 billion, corresponding to an increase by 1.2%. In the non-life insurance segment premiums written totalled EUR 759.3 million. Growing significantly by 27.7 percent, premiums written in the life insurance business rose to a total of EUR 530.8 million.

Total premiums written by ALLIANZ in CEE increased by 3% to EUR 2.8 billion, from EUR 2.7 billion in the same period of 2009. Adjusted for currency effects, premiums decreased by 2%.
Operating profit in the first three quarters amounted to EUR 66 million, which corresponds to a 70 percent decrease compared to the first nine months of 2009.

ALLIANZ in Central and Eastern Europe (CEE) reported for the first six months of 2010 a total premium increase of 5% to EUR2bn, from EUR1.9bn in the first half of 2009. Adjusted for the devaluation of CEE currencies, premiums dropped by 1%.
While the Life and Health business continued to grow, Property and Casualty insurance was impacted by weather-related losses during the second quarter, especially in Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia.

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