Kosovo insurers posted a net profit of EUR 5.9 million in the nine months through September 2021, EUR 1 million more compared to a year earlier, Central Bank monthly figures showed.
The National Bank of Slovakia - NBS, has approved the organizational merger of the Slovak insurer Generali with Generali Ceska Pojistovna from the Czech Republic, local media announced.
Austrian insurance Group UNIQA reported 9 months 2021 GWP worth EUR 4.83 billion, 18% more y-o-y - - as a result of the first-time consolidation of the former AXA companies in CEE, and earnings before taxes of EUR 298.7 million, 39.7% more vs. September 2020 (EUR 213.8 million).
Slovene largest insurance group Triglav reported 9 months 2021 10% increasing GWP to EUR 1.06 billion and consolidated profit before tax of EUR 92.1 million, up by 48% relative to the same period last year.
Swiss Re Institute's latest sigma study forecasts the global insurance industry to reach a new record in global premiums by mid-2022, exceeding USD 7 trillion. "This comes earlier than Swiss Re estimated in July and reflects rising risk awareness, increasing demand for protection and rate hardening in non-life insurance commercial lines".
In the first nine months of 2021, the Sava Insurance Group generated EUR 548.8 million in operating revenue and a net profit of EUR 57.2 million vs. EUR 46.7 million a year before. The Sava Insurance Group's operating revenue and net profit represented 80% and 108%, respectively, of the full-year 2021 targets, thus company representatives believes that the estimated profit for 2021 published after the close of the half year will be exceeded.
Global insurance broker Marsh announced the appointment of Pat DONNELLY, currently Head of Marsh Specialty for Marsh US and Canada, as President of Marsh US and Canada, effective January 1, 2022.
After the first nine months of the year, the Talanx Group is ready to achieve its annual target for net income of EUR 900-950 million. Net income for the period increased to EUR 723 million (from EUR 520 million), despite heavy losses from natural disasters, insurancedaily.gr reports
For the first 9 months of 2021, total GWP of the insurance sector of the Republic amounted to BYN 1 319.7 million (EUR 451.31 million), which is 20.30% more y-o-y in local currency, according to the data published on the website of the Ministry of Finance.
The Association of Serbian Insurers
announced that "Serbian Insurance Days" will be held on November 24-26 in the hotel "Izvor" in Arandjelovac.
More than two and a half times increase in net profit y-o-y, historically high GWP, nearly 18% return on equity - these are the most impressive achievements of the PZU Group in the first three quarters of this year, Gazeta Ubezpieczeniowa reports
Belgium-based KBC Bank and Austria-based Raiffeisen Bank International ('RBI') reached an agreement for KBC to acquire 100% of the shares of Raiffeisen bank (Bulgaria) EAD, comprising RBI's Bulgarian banking operations.
Re/insurance broker Willis Towers Watson (WTW) announced that it has selected Inga BEALE, Fumbi CHIMA, Michael HAMMOND, and Michelle SWANBACK to join its Board of Directors.
German insurer ERGO and Santander Consumer Bank, Germany's fifth-largest credit institution, have agreed on a new partnership. In the first half of the coming year, the two companies will optimize their product offering for their customers as part of a strategic partnership.
The Bucharest Court did not pronounce on Wednesday - 17th November 2021 -, regarding the initiation of bankruptcy proceedings in the case of the insurance-reinsurance company CITY Insurance SA, according to 1asig.ro. A solution to CITY's request to suspend the process until the solution of the appeal made against the ASF's decision to withdraw the authorization is expected, legal sources told 1asig.ro.
XPRIMM readers are offered today the opportunity to find out, in detail, how the property insurance lines fared in 2020 and the first half of 2021 in the Central and Southeastern Europe and the ex-USSR countries with the latest issue of the XPRIMM PROPERTY Insurance Report 2021 & 1H2021.
Vienna Insurance Group's results for 9M2021 have improved significantly y-o-y, exceeding the pre-crisis figures (2019). Net profit went up by approx. 54% and earnings per share increase to EUR 2.86. Premium volume increases 5.1% to EUR 8.4 billion. Combined ratio improves 0.9 percentage points to 95.2%.
The Geneva Association announced that Christian Mumenthaler, CEO of Swiss Re, was appointed the new Chairman of the organization at its 10 November Board meeting. Lee Yuan Siong, Chief Executive & President of AIA, was appointed Vice Chairman.
In the third quarter of 2021, the Moldovan insurance market ended with y-o-y growth of more than 35% (MDL 1.43 billion/EUR 69.83 million) in local currency. At the same time, the growth in paid claims was very moderate - at the level of 6.53% (MDL 467.10 million), according to the data published by the National Financial Market Commission.
By the end of 3Q2021, the insurance sector of Uzbekistan continued its rapid growth trend, increasing GWP by almost 66% y-o-y to UZS 2,632.51 billion (EUR 211 million), according to the data published by the Ministry of Finance of the Republic.