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XPRIMM News NEWS ALERT, November 21, 2012
November 21, 2012

Live from Frankfurt
Supported byPIRAEUS Insurance Broker
img_lead_3002FRANKFURT: The future of European insurance and pensions industries under debate at the EIOPA Conference
by, 2012-11-21
The 2nd Annual Conference of EIOPA takes place today in Frankfurt am Main, addressing fundamental issues of the European financial landscape as the future development and sustainability of the private pension systems, financial stability and insurance regulations in the wake of the Solvency II implementation.
Top News
img_lead_3001CROATIA Osiguranje, 3Q2012: Net profit up 32%
by, 2012-11-21
The net profit reported by CROATIA Osiguranje Group for the first nine months of 2012 amounted to HRK 113 million (EUR 15.2 million) which is an increase of 32% compared to 3Q2011. For the same period, the value of gross written premium amounted to HRK 2.53 billion (EUR 340 million), reporting a decrease of 3.2%. The non-life GWP decreased by 3.6% to HRK 2.25 billion (EUR 302 million), while the life GWP totaled HRK 280.6 million or EUR 38 million (0.3% more), according to the Unaudited Consolidated Financial Statements published by the company.

img_lead_3000GENERALI: Relevant contribution of the CEE markets to the group's growth
by, 2012-11-21
CEE markets accounted for about 6% of the aggregated gross premium of EUR 50.94 billion written by the GENERALI subsidiaries in 3Q2012. In terms of profitability, the CEE contribution to the total EUR 3.3 billion operating result (+9.4% y-o-y) was of about 9.5%. Commenting upon the overall Group's achievements in the first nine months of 2012, GENERALI Group CEO Mario GRECO said that the Italian insurer expects for the end of 2012 "a result in excess of € 4 billion, in line with the previously announced target."

img_lead_2999KBC Group, 3Q2012: Net profit jumped to EUR 1.23 billion
by, 2012-11-21
KBC Group posted an IFRS-based net profit of EUR 531 million for the third quarter of 2012 against a net loss of EUR 539 million in the previous quarter and a net loss of EUR 1.58 billion in Q3 2011. For the first nine months of 2012, the same indicator was EUR 372 million, compared to EUR-424 million for January-September 2011. Excluding all exceptional and non-operating items, KBC ended the third quarter of 2012 with an underlying net profit of EUR 406 million, while for the first nine months, the value amounted to EUR 1.23 billion.

marsh_mclennan_nouMARSH & MCLENNAN posts strong Q3 income
by, 2012-11-21
MARSH & MCLENNAN companies reported consolidated revenue in the third quarter of 2012 of USD 2.8 billion, representing an increase of 1% compared the third quarter of 2011. Operating income rose 22% to USD 378 million, while the income from continuing operations was USD 246 million, compared with USD 133 million in Q3 2011.

img_lead_2997ZURICH Insurance Group: Q3 net profit down 62%
by, 2012-11-21
Swiss ZURICH Insurance Group posted third-quarter net income of USD 477 million, 62% less than last year's USD 1.24 billion, while its business operating profit fell to USD 733 million from USD 1.12 billion in Q3 2011. At the same time, the company reported for January-September 2012 a net profit of USD 2.7 billion, down 16% compared with the previous year, while the business operating profit was USD 3.2 billion, unchanged compared with prior year.

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