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FINANCE WEEK focuses on financial stability
by daniela.ghetu@mxp.ro, andreea.ionete@mxp.ro,
2012-11-20
For five days starting November 19 Frankfurt am Main is hosting the
2012 edition of the EURO FINANCE WEEK, a well known annual event
organized by MALEKI Group, displaying a large array of professional
gatherings dedicated to the European financial world. The air of
the city is rather changed as the Season Holidays atmosphere doesn't
reach so far it used to do in the last years before the financial
crisis. According to XPRIMM representatives joining the event, this
wind of change can be felt also for EURO FINANCE WEEK. Thus, the
event calendar has less conferences and seminars than last years'
editions, having on the other hand a more integrated array of topics,
doubled by more exclusive networking events.
 More
 EFRP
changed its name to PensionsEurope. Joanne SEGARS, the new President,
examined the problems affecting the private pensions systems in Europe
by daniela.ghetu@mxp.ro, 2012-11-20
The EFRP today launched its new name at the 7th European Pension
Funds Congress in Frankfurt. Ms. Joanne SEGARS, EFRP Chairman,
presented the new name and logo during her opening speech, stating
that the new name will make it much easier to understand what the
Federation represents.
More
 FRANKFURT:
EFRP Congress presents pension innovations from around the world
by daniela.ghetu@mxp.ro, 2012-11-20
Today took place in Frankfurt am Main (Germany) the 2012 edition
of the European Pension Funds Congress, traditionally hosted by the
European Federation for Retirement Provision (EFRP). Organized during
the EURO FINANCE WEEK, the Congress is offering to the attending
industry professionals an exclusivist list of speakers who will present
pension innovations from around the world
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 ALLIANZ
3Q2012: Slovakia and Czech Republic, best results in terms of
profitability
by daniela.ghetu@mxp.ro, 2012-11-20
Slovakia and Czech Republic were the best CEE markets for ALLIANZ
Group in terms of operating profitability, shows the Group's financial
statements for 3Q2012. However, looking to the GWP figures, the German
insurance group ended the first three quarters of the current year
with an 8% decrease of the property & casualty
business, to EUR 1.84 billion, and a 12.5% growth for the life insurance
segment, EUR 948 million. Unfavorable foreign currency translation
effects affected the Group's aggregated results in the region with
a bout EUR 3 million.
More
 AON's
Q3 net income rises 3%
by vlad.boldijar@mxp.ro, 2012-11-20
AON plc, the global provider of risk management, insurance and reinsurance
brokerage, and human resources solutions and outsourcing services,
reported for the third quarter of 2012, total revenues of USD 2.7
billion, 1% more compared to the prior year quarter. At the same
time, net income from continuing operations increased by 3%, to USD
204 million, or USD 0.62 per share, compared to USD 198 million (or
USD 0.59 per share) in Q3 2011, announced the company.
More
 SWISS
Re reports strong net income for Q3, boosted by ADMIN Re US sale
by vlad.boldijar@mxp.ro, 2012-11-20
SWISS Re reports very strong third-quarter net income of USD 2.2
billion (in comparison to USD 1.3 billion in the year-earlier period),
and a return on equity of 28%, "driven
by continued strong performance from P&C Reinsurance and a one-off gain from the sale of the ADMIN Re US business", as the company announced.
More
 SCOR,
3Q2012: Net income up 40%
by vlad.boldijar@mxp.ro, 2012-11-20
French reinsurer SCOR reported net income of EUR 318 million during
the first nine months of 2012, representing a 39.5% increase compared
with the same period a year earlier. Gross written premiums increased
13% to EUR 7.21 billion over the same period, helped by a strong
property & casualty
reinsurance business.
More
 SERBIA:
Contentious MTPL premium allocation for the Republic Fund for Health
Insurance
by lela.sakovic
Insurers in Serbia announce to request a review
of constitutionality of the decision according to which they are
obliged to allocate 5 percent of the gross premium of automobile
liability insurance for the Republic Fund for Health Insurance. This
obligation was introduced early this year when the new Article of
the Law on Compulsory Traffic Insurance came into force. The Croatian
insurers have recently won the case against such a decision, after
the Constitutional Court ruled it was unconstitutional. This prompted
the Serbian insurers to take a similar step as well: Association
of Serbian Insurers announced it would submit a request to the Constitutional
Court for review of that decision.
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