 SWISS
Re: Reinsurers are becoming strategic advisers
by mihaela.circu@mxp.ro, 2012-10-23
As insurers are struggling to overcome the challenges in the domestic
markets, reinsurers are helping their clients to find opportunities.
This can mean even launching new products or identifying acquisition
targets. A consequence of this is that the discussions are taking
place at a higher hierarchy level.
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 HANNOVER
Re: Reinsurance demand in Germany to increase
by mihaela.circu@mxp.ro, 2012-10-23
Overall demand for reinsurance in Germany is likely to increase at
the key 1 January renewals, according to reinsurer HANNOVER Re. It
said it expected demand for catastrophe cover to increase overall
due to "the
more exacting equity requirements" imposed on insurers by Solvency II, as well as by changes to catastrophe models.
Overall, HANNOVER Re expectes stable-to-rising prices in the German
market for the upcoming treaty renewals. However, the outlook varied
across different lines of business.
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 All
eyes on CEE region: Southern Europe grows short on suitors
by mihaela.circu@mxp.ro, dimitrios.tsoulias@mxp.ro,
2012-10-23
According to Marc BECKERS, Head of Europe, the Middle East and Africa
at AON Benfield Analytics those that will be able to obtain a multiple
on book value in the present economic environment will be acquisition
targets in strategically attractive regions with Central and Eastern
Europe and emerging markets will be seeing the greatest return.
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 Euro
Crisis boosts underwriting results for Greece's motor insurers
by mihaela.circu@mxp.ro, dimitrios.tsoulias@mxp.ro,
2012-10-23
In spite the fact that Motor insurers in Greece are worst affected
by the financial crisis, are seeing substantial improvements in their
results as austerity measures force people out of their cars and
send loss ratios plummeting.
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 QBE
Re is looking for an expansion in Eastern Europe
by mihaela.circu@mxp.ro, dimitrios.tsoulias@mxp.ro,
2012-10-23
QBE will begin considering pans to expand its reinsurance operations
into Eastern Europe next year, given expectations of an increase
in the size of bodily injury claims.
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|
 Daniel
TUDOR was voted by the Parliament as President of ISC - the Romanian
Insurance Supervisory Commission
by andreea.ionete@mxp.ro, 2012-10-23
With 246 favorable votes in the assembled chambers of the Romanian
Parliament, Daniel TUDOR, approved for this position during the meeting
of the Reunited Commissions of Budget and Finance in the Senate and
Deputy Chamber held yesterday, was elected President of ISC - the
Romanian Insurance Supervisory Commission for the next 5 years.
Out of 427 Parliament members, 275 were present at the assembly,
and 248 valid votes were expressed regarding the naming of Daniel
TUDOR as President of ISC.
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