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XPRIMM News NEWS ALERT, October 22nd, 2012
October 22nd, 2012

img_lead_2868Modest evolution for the CEE insurance market in 1H2012
by, 2012-10-22
The decrease rhythm of the insurance market in CEE slowed down in the first half of 2012. According to XPRIMM Insurance Report 1H 2012 - launched yesterday during the Baden-Baden XPRIMM Reception -, the decrease rate was -0.27%, compared to 4.01% at the end of 2011, the insurance market in CEE reaching EUR 17.68 billion in the first six months of 2012.

img_lead_2853TCIP to renew 5% up
by,, 2012-10-22
The Turkish Catastrophe Insurance Pool (TCIP) is set to pay 5 percent more for its reinsurance programme when it renews at 1 November, The Insurance Insider reveals.TCIP purchases EUR 1.5 billion of cat cover in excess of an attachment point of EUR 175 million, which is supposed to provide protection for a 1-in-250 year event.

img_lead_2860AM Best: The crisis could lead to reinsurance demand increase
by, 2012-10-22
The large catastrophe losses and the ongoing uncertainty around the euro's sustainability may increase reinsurance demand, according to AM Best.

img_lead_2849MONTALVO, EIOPA: 2016, a far more credible Solvency II date
by, 2012-10-22
2016 is now a far more realistic and desirable new start date for the new Solvency II regime, said Carlos MONTALVO, the Executive Director of European Insurance Supervisor the European Insurance and Occupational Pensions Authority (EIOPA).

img_lead_2854MUNICH Re: Profitability in core insurance business is what counts in the low-interest-rate phase
by, 2012-10-22
The persistently low interest rates in particular are impacting investments, especially in an industry where players had excess capital to work with. The low-interest-rate environment is dominating the discussions between primary insurers and reinsurers in Baden-Baden.

img_lead_2850STELLAR Re evening continues the Baden-Baden tradition
by, 2012-10-22
Saturday, October 20th, the representatives of the Romanian insurance market took part in the traditional cocktail organized by STELLAR Re at Baden-Baden. The Romanian Evening, organized by STELLAR Re, is one of the most important events organized before the five days of meetings between insurers, brokers and reinsurers.
img_lead_2848XPRIMM Insurance Report 1H 2012 launched at Baden - Baden
by, 2012-10-22
The most complex synthesis regarding 32 insurance markets in CEE, South-Eastern Europe, Russia and CSI has been launched on Sunday, October 21st, during the Baden-Baden XPRIMM Reception. Leaders and specialists in the insurance, reinsurance and similar domains reunited for the forth year in a row at Kurhaus Casino to take part to the launch of XPRIMM Insurance Report 1H 2012, magazine which reached its 7th issue.
img_lead_2870VIDEO: UNITY Re: We are expecting good business in this season
by, 2012-10-22
"Unity Re is the leading Russian reinsurance, active not only in Russia, but also in the CIS and CEE markets. We are confident that this season will bring good business for us, although most probable this renewal season will be quite a flat one, especially for Europe" stated Dimitri GARMASH, Deputy CEO, UNITY Re for XPRIMM.TV.
img_lead_2869VIDEO: GRINDLEY: Our next step abroad will be Bulgaria
by, 2012-10-22
"We have a large marine portfolio, which is in fact a Black Sea regional business -, and becoming now a lot more aggressive in the cargo business, in particularly from the Turkish market, were we have opened an office this year. Moreover, we are preparing to extend our activity in Bulgaria, a market were we will enter with really original products", stated James GRINDLEY, CEO CERTASIG, for XPRIMM.TV.

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