 TOP
NEWS |
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 ISC:
2.7% increase for the Romanian insurance market in 1H2012
by andreea.ionete@mxp.ro, 2012-08-14
In the first half of 2012, the Romanian insurance market registered a total underwritings
volume of over RON 4.1 billion, increasing by 2.7% compared to the same period
last year, according to preliminary results published by the Romanian Insurance
Supervisory Commission. Gross written premiums for non-life insurance totalized
almost RON 3.3 billion, increasing by 3.54% compared to the same period last
year. As far as life insurance is concerned, the gross written premiums volume
decreased by 0.38%, totalizing RON 857.1 million as of 30th of June 2012.
 More
 SLOVAK
market ended 1Q2012 with a loss of 0.75% y-o-y
by vlad.boldijar@mxp.ro, 2012-08-16
Gross premiums written by the Slovak Insurance Association (SLASPO)
insurers decreased by 0.75% on the year to EUR 581.72 million in
the first quarter of 2012, recently figures published by SLASPO showed.
During the analyzed period, 23 SLASPO members operated in the profile
market.
More  Продолжение
 GENERALI:
CEE operations had a significant contribution to the Group's good
results in 1H2012
by daniela.ghetu@mxp.ro, 2012-08-13
The CEE subsidiaries of GENERALI registered in 1H2012 an aggregate
dynamic outperforming the other areas of operation growth rates,
both for life and non-life insurance, as the financial results recently
published by the Italian Group show. GENERALI Group closed the first
half with an improvement in net profit to EUR 842 million (+4.5%,
EUR 806 million 1H2011), and strong progress in the second quarter
(+44.5% from 2Q2011). The Group's strategic focus on the development
of its proprietary networks and product innovation fuelled growth
in total gross premiums to EUR 35,6 million (+2%), of which 73% came
from outside Italy.
More Продолжение
 MONTENEGRO:
Intense battle among the top market ranking companies
by daniela.ghetu@mxp.ro, 2012-08-16
The Montenegrin insurance market ended the first half of 2012 with
a 6.37% growth in terms of GWP, to EUR 34 million. With few exceptions,
all insurance lines recorded a positive dynamic, in spite of a difficult
economic environment which leaded to rising unemployment rate - up
by 1.5pp as compared to July 2011, to 12.65% -, and decreasing average
wage of the Montenegrin citizens.
More Продолжение
 CROATIAN
insurers' premium income falls 1% in 1H2012
by vlad.boldijar@mxp.ro, 2012-08-16
Croatia's 27 insurers posted combined gross written premiums of HRK
4.89 billion (EUR 652 million) in the first half of 2012, down 1.0%
from a year earlier, showed the financial figures recently published
by the Croatian Insurance Bureau.
More Продолжение
 ALLIANZ:
Strong overall business in 1H2012, but descending trend on the CEE
markets
by daniela.ghetu@mxp.ro, 2012-08-13
Total revenues of ALLIANZ Group increased to EUR 55.2 billion in
1H2012 from EUR 54.5 billion in the first half of 2011, while the
operating profit reached EUR 4.7 billion and the Net Income went
up by 39%, to EUR 2.8 billion. Capital position remained strong and
balance sheet strength further improved, leading to the management
decision to maintain the operating profit target for 2012 to EUR
8.2 billion. "Our
consistently good results show that we weather the difficult market
conditions very well. Our operative business is stable and remains
on course," said Michael Diekmann, CEO of Allianz SE.
More Продолжение
 BiH:
Property insurance loses ground, following the 17% drop in fire insurance
GWP
by daniela.ghetu@mxp.ro, 2012-08-16
The Bosnian insurance market recorded an overall steady evolution
in 1H2012, as compared to 1H2011. Yet, if the total GWP showed only
a less than 1pp change, to EUR 127.27 million by the end of June
2012, from the EUR 126.11 million figure of 2011, a closer look reveals
a different situation when considering the figures for each business
line. Thus, while life insurance recorded a positive change of over
7%, on the non-life insurance lines the results were less encouraging.
More
 MUNICH
Re reports 1H 2012 profit of EUR 1.6 billion
by vlad.boldijar@mxp.ro, 2012-08-13
In the second quarter of 2012, MUNICH Re achieved a consolidated
profit of EUR 812 million, EUR 74 million more compared with the
same period last year. "As
in the first quarter of the year, underwriting business performed
well and the investment result showed a marked improvement on the
same period of the previous year", showed the press release.
More Продолжение
 ROSGOSSTRAKH
sold its share to Moldavian Insurer MOLDASIG
by olesea.adonev@mxp.ro, 2012-08-16
Russian insurance group ROSGOSSTRAKH left the insurance market of
the Republic of Moldova by selling its majority share of 80% to local
insurance company MOLDASIG. The deal was realized by selling the
shares through stock exchange in five transactions to foreign interest
companies. Total value was of MDL 194.73 million, an equivalent of
EUR 12.8 million. Selling price of a single MOLDASIG share with a
nominal value of MDL 100 was at MDL 410.92 according to information
published by the stock exchange market of Moldova in 25th of July
2012.
More Продолжение
 KBC
Group posts 1H2012 net profit of EUR 827 million
by vlad.boldijar@mxp.ro, 2012-08-13
KBC Group ended 1H2012 with an underlying result of to EUR 827 million,
compared to EUR 1,186 million for the corresponding period in 2011.
Excluding all exceptional and non-operating items, KBC ended the
second quarter of 2012 with an underlying net profit of EUR 372 million,
compared with EUR 455 million in the previous quarter and EUR 528
million in the corresponding quarter of 2011.
More Продолжение
 MARSH & MCLENNAN
posts USD 3 billion 2Q2012 revenue
by vlad.boldijar@mxp.ro, 2012-08-13
MARSH & MCLENNAN Companies reported USD 329 million
net profit for 2Q2012, a 17% increase from USD 282 million reported
a year earlier. For the six months ended June 30, 2012, income from
continuing operations was USD 693 million, compared with USD 605
million in 2011.
More Продолжение
 ING
Group posts 1H2012 underlying net profit of EUR 1.6 billion
by vlad.boldijar@mxp.ro, 2012-08-13
ING Group announced an underlying net profit for the second quarter
of 2012 of EUR 1.04 billion, 17.8% less compared to the same quarter
in 2011. For the first half of 2012, underlying net profit was down
36.4% to EUR 1.59 billion compared to 2011.
More Продолжение
 AXA:
We look to the future with confidence, despite the still turbulent
financial environment
by daniela.ghetu@mxp.ro, 2012-08-13
Commenting the 1H2012 results, Henri de CASTRIES, Chairman and CEO
of AXA, said: "AXA
posted a solid set of earnings, illustrating the resilience of our
underlying fundamentals in a challenging environment. We benefited
from our significant exposure to Property & Casualty and Protection & Health, businesses which are less sensitive to financial markets".
More Продолжение
 AVIVA
completes sale of Czech Republic, Hungary and Romania Life businesses
by vlad.boldijar@mxp.ro, 2012-08-08
AVIVA has completed the sale of its Czech, Hungarian and Romanian
life businesses to MetLife Inc's local operating subsidiaries in
those countries, as AVIVA announced in a press release in early August.
More Продолжение
 MOLDOVA:
7.3% growth for the first half of 2012
by vlad.boldijar@mxp.ro, 2012-08-08
The insurance market of the Republic of Moldova accounted for the
first six months of 2012 to a total of MDL 500.4 million in underwritings,
7.3% more than the same period of 2011, as the figures recently published
by the National Commission of Financial Markets (NCFM) show. In European
currency, the business volume of the Moldavian insurers reached EUR
32.5 million, an increase by EUR 4.4 million compared to 1H2011.
Also, paid claims by insurance companies totalized MDL 186.9 million
(EUR 12.1 million), 8.1% more than the year before.
More Продолжение
 GENERALI
PPF Holding buys the Polish insurance company PROAMA
by vlad.boldijar@mxp.ro, 2012-08-08
At the end of July, GENERALI PPF Holding and GROUPAMA signed an agreement
for GENERALI PPF Holding to acquire GROUPAMA's Polish insurance branch,
PROAMA into its structures. The transaction will enable GENERALI
PPF Holding to expand its activities on the Polish market, because,
after completion of the transaction, GENERALI PPF Holding will operate
the 2 companies separately under the 2 brands - GENERALI and PROAMA.
More Продолжение
 SLOVENIA:
SAVA Re and TRIGLAV companies downgraded one notch by S&P's, following the recent Slovenia's long-term rating lowering
by daniela.ghetu@mxp.ro, 2012-08-08
According to the recent S&P's
press releases, Slovenia-based insurers Triglav Insurance and Triglav
Reinsurance long-term ratings were lowered from 'A' to 'A-', while
Sava Re's long-term rating declined to 'BBB+' from 'A-'.
More Продолжение
 POLAND,
VIG: Merger of InterRisk and PZM completed
by vlad.boldijar@mxp.ro, 2012-08-08
The VIENNA Insurance Group (VIG) has concentrated its resources in
the Polish non-life insurance market by merging the companies InterRisk
and PZM. As announced the Group, the merger is completed, following
that "in
the future the two non-life insurers will occur under the brand InterRisk
and distribute their products nationwide. The distribution power
of the two companies will be combined and amplified by the presence
of the common brand across the country".
More Продолжение
 EUROINS,
1H2012: GWP rises 52.5% Y/Y
by vlad.boldijar@mxp.ro, 2012-08-08
For the first six months of the current year, the GWP of EUROINS
Insurance Group registered a 52.5% growth amounted to EUR 74.81 million
compared to EUR 49.1 million for January-June 2011, according to
preliminary data recently published by the Group.
More Продолжение
 RUSSIA:
34% growth in premiums for SOGAZ Group
by olesea.adonev@mxp.ro, 2012-08-16
Gross premiums written (excluding mandatory health insurance) by
the Russian insurance companies members of the SOGAZ Group in the
first six months of 2012 totaled RUB 48.18 billion (EUR 1.16 billion),
an increase by 34% compared with the same period in 2011. Total claims
paid increased by 24% and reached RUB 16.38 billion (EUR 396 million),
states a press release published by SOGAZ Group.
More Продолжение
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| ON
THE MOVE |
|
 Remi
VRIGNAUD steps in ALLIANZ-TIRIAC Asigurari, Romania
by oana.radu@mxp.ro, 2012-08-16
Starting August 1st, Remi VRIGNAUD took over the General Manager
position at ALLIANZ-TIRIAC Asigurari, the Romanian subsidiary of
ALLIANZ SE. "I
come with enthusiasm and confidence in Romania, a market which has
huge potential and will further develop despite the difficult economic
environment", stated VRIGNAUD.
More Продолжение
 GENERALI
appoints Mario GRECO as new CEO
by vlad.boldijar@mxp.ro, 2012-08-08
On August 1, the Board of Directors of Assicurazioni GENERALI coopted
Mario GRECO, and appointed him to the posts of Group CEO and General
Manager of the company.
More Продолжение |
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| EDITORIAL |
|
 A
busy fall
The holidays season is almost over. After visiting amazing places
or just lying on the sunny beaches for some days, it is the right
time to see what the fall is bringing on the business ground. For
insurers and reinsurers, this autumn has a generous offering. Lots
of professional events to visit, much information to get, many professional
peers to get acquainted with.
Read
More
daniela.ghetu@mxp.ro
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| STATISTIC
UPDATES |
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| EVENTS |
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International
Yalta Finance Forum at its 12th Edition
The 12th International Yalta Finance Forum, which has become a tradition
for leaders in insurance and reinsurance in Central and Eastern Europe,
will be held on September 17-21 in Yalta, Ukraine. PRIMM Insurance & Pensions
Magazine supports the event as Media Partner.
More Продолжение
Les Rendez-Vous de Septembre
September 7th-13th, 2012
Monte Carlo, Monaco
Organizer: RVS
For details: www.rvs-monte-carlo.com
International Istanbul Insurance Conference
October 4th-5th, 2012
Istanbul
Organizer: Istanbul Underwriting
Center
General Insurance Forum
October 9th-10th, 2012
Rome, Italy
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
10%
discount for XPRIMM Readers
For details: finance.flemingeurope.com
4th Annual Distribution Strategies
October 11th-12th, 2012
Rome, Italy
Organizer: Fleming Europe
Media Partner: XPRIMM Publications
10%
discount for XPRIMM Readers
For details: finance.flemingeurope.com
Baden - Baden XPRIMM Reception
4th Edition
October 21st, 2012
Kurhaus Casino, Runder Saal
Baden-Baden, Germany
33rd Baden-Baden Meeting 2012
October 21st-25th, 2012
Baden-Baden, Germany
WorldPensionSummit 2012
November 14th-16th, 2012
Amsterdam, Netherlands
Media Partner: XPRIMM Publications
For details: www.worldpensionsummit.com
EIOPA Conference
November 21st, 2012
Frankfurt
Organizer: EIOPA |
| POINT
OF VIEW |
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 AXA's
Chairman & CEO Henri de Castries comments on 2012 half year earnings
"A solid set of earnings despite a difficult environment. We are
progressing well on our three priorities: selectivity, efficiency, acceleration."
More
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| STATISTICS |
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Devi
KHECHINASHVILI
