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Vienna Insurance Group expands in Bulgaria: Bulstrad closes UBB-AIG acquisition
by mihai.cracea@mxp.ro, 2016-01-05
Following the signature of the agreement to fully acquire Bulgarian bancassurer UBB-AIG and regulatory approval of the acquisition, the transaction has now been completed.
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STATISTICS: POLAND, 3Q2015: Stagnation in aggregate GWP despite the 16% fall in traditional life policies
by vlad.boldijar@mxp.ro, 2016-01-06
At the end of 3Q2015 the Polish insurance market totaled PLN 40.88 billion (EUR 9.65 billion) or 0.22% more y-o-y, as the financial indicators published by the Polish Financial Supervision Authority (KNF) show.
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AXA increases its presence in POLAND through the acquisition of Liberty Ubezpieczenia
by vlad.boldijar@mxp.ro, 2016-01-06
At the end of 2015, the French insurance group AXA announced that it would acquire LIBERTY Ubezpieczenia, the Polish Property & Casualty operations of LIBERTY MUTUAL Insurance Group for a total consideration of PLN 92.3 million (or EUR 21 million) plus the net asset value outstanding as of the date of closing.
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ADRIS Group to invest HRK 2 billion in CROATIA Osiguranje until 2018
by vlad.boldijar@mxp.ro, 2016-01-06
The CROATIA Osiguranje's main shareholder - ADRIS Group, announced in a press release it will invest nearly HRK 2 billion (about EUR 262 million) in its insurance business unit until 2018.
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BULGARIA: EIG increased its capital by EUR 82 million to support its subsidiaries and finance group's expansion
by vlad.boldijar@mxp.ro, 2016-01-06
Bulgarian EUROINS INSURANCE GROUP (EIG) announced at the end of December 2015 it raised its capital by EUR 82.14 million in line with a decision of its shareholders for a capital increase of EUR 100 million through a new shares issue aimed to support its subsidiaries and finance its expansion.
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SAVA Re participation in the MOJA Nalozba Pokojninska Druzba pension company reached 100%
by vlad.boldijar@mxp.ro, 2016-01-06
Slovenian reinsurer SAVA Re announced at the end of 2015 that owns 100% in pension company MOJA Nalozba Pokojninska Druzba. On December 30th, 2015, SAVA Reinsurance Company paid the purchase price for an 80% holding in the total amount of EUR 7.08 million.
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TRIGLAV expects a stable, but still challenging 2016
by vlad.boldijar@mxp.ro, 2016-01-06
Slovenian Group TRIGLAV plans for 2016 a profit before tax ranging between EUR 80 - 90 million and consolidated gross written premiums of about EUR 900 million. The group is also targeting a combined ratio in the vecinity of 95%.
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FAIRFAX to acquire 80% interest in the Greek EUROBANK insurance unit
by vlad.boldijar@mxp.ro, 2016-01-06
Greece's third-largest bank, EUROBANK ERGASIAS S.A., agreed to sell an 80% stake in its EUROLIFE ERB insurance subsidiary to Canada's FAIRFAX Financial Holdings Limited for EUR 316 million. The transaction is subject to customary closing conditions, including various regulatory approvals, and is expected to close by the end of the third quarter of 2016.
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VIG continues its expansion in the Baltics by acquiring majority stake in LATVIA's BTA
by vlad.boldijar@mxp.ro, 2016-01-06
At the end of 2015, Vienna Insurance Group (VIG) announced it will purchase the majority of shares in BTA Baltic Insurance Company AAS (BTA Baltic), which is headquartered in Latvia and has branch offices in Lithuania and Estonia.
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CREDIT EUROPE Asigurari's acquisition by ERGO, one of the most important transactions on the Romanian insurance market
by mihai.cracea@mxp.ro, 2015-12-22
The recent acquisition of CREDIT EUROPE Asigurari by the group ERGO has been the most important transaction on the Romanian insurance market in the last few years, and becoming a part of a global re/insurance group and accessing its know-how will play a big part in the future development of the local business, says CREDIT EUROPE's management.
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Economist Events' Insurance Summit set to take place in London next month
by adina.tudor@mxp.ro, 2016-01-07
With the overall theme being "Insuring the Uninsured" the Insurance Summit 2016 will take place at Grosvenor House in London on February 25th 2016. Hosted by The Economist Events, it focuses on the disruptive forces shaping the future of the industry and delve into the commercial and new growth opportunities arising from market consolidation and a closer alignment with the sustainable development agenda.
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UKRAINE: Licenses of three companies suspended because of their predominantly Russian ownership; ALLIANZ Ukraine reacts
by olesea.adonev@mxp.ro, 2016-01-06
The Ukrainian National Commission for State Regulation of Financial Services Markets decided on December 31st, 2015 to revoke the license of three insurers: ALLIANZ Ukraine, GUTA-Ukraine and GARANTIA-Life.
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RUSSIA: POMOSCH's operating licence validity resumed by the National Bank of Russia
by daniela.ghetu@mxp.ro, 2016-01-06
On December 29th, the Bank of Russia resumed the validity of the insurance and reinsurance licences of Insurance Company POMOSCH, limited liability company, considering that the company has taken all necessary measures to restore its financial stability and solvency.
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Which countries offered the most protection for Ukrainian risks in 3Q2015?
by olesea.adonev@mxp.ro, 2016-01-06
In 3Q2015 year, the total volume of premiums ceded in reinsurance by the Ukrainian insurance companies reached to UAH 6.7 billion compared to UAH 4.4 billion in 3Q2014. Of the total sum, UAH 1.7 billion of reinsurance premiums were ceded to non-resident reinsurers and UAH 4.9 billion to resident reinsurers.
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WILLIS announced the completion of the French Gras Savoye acquisition
by daniela.ghetu@mxp.ro, 2016-01-06
By the end of December 2015, WILLIS Group Holdings plc has announced the completion of its acquisition of Gras Savoye. Thus, WILLIS acquired the 70% share that it still didn't own in the French leading broker, writing this way the final act of an over 40 years cooperation.
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The Xth International Conference "Insurance in Central Asia" will be held on April 12-13, 2016 in Kazakhstan. The third edition of the INSURANCE Profile Kazakhstan will be presented on the event
by olesea.adonev@mxp.ro, 2016-01-06
The anniversary Xth International Conference "Insurance in Central Asia", a traditional event for the insurance and reinsurance leaders in Central Asia, CIS and CEE countries, will be held on April 12-13, 2016 in Almaty, Kazakhstan.
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5th Annual Middle East and Africa Insurance Summit
January 19-20, 2016
Dubai, United Arab Emirates
Organizer: Fleming Gulf
Media Partner: XPRIMM Publications
For details: finance.fleminggulf.com |
5th Annual Insurance Claims Management Conference
January 21-22, 2016
Prague, Czech Republic
Organizer: Uniglobal
Official Publication: XPRIMM Publications
For details: www.uni-global.eu
6th Annual Bancassurance Conference - Russia & CIS
February 4-5, 2016
Moscow, Russia
Organizer: Uniglobal
Official Publication: XPRIMM Publications
For details: www.uni-global.eu
9th Annual BancAssurance Forum
9-10 February 2016
Madrid, Spain
Media Partner: XPRIMM Publications
For details: finance.flemingeurope.com |
The European Motor Insurance Summit 2015
February 11-12, 2016
Rome, Italy
Media Partner: XPRIMM Publications
For details: finance.flemingeurope.com
Creating & Selling SME Insurance Products & Services
February 11-12, 2016
Prague, Czech Republic
Organizer: Uniglobal
Official Publication: XPRIMM Publications
For details: www.uni-global.eu |
Big Data & Analytics For Retail Financial Services
February 18-19, 2016
Prague, Czech Republic
Organizer: Uniglobal
Official Publication: XPRIMM Publications
For details: www.uni-global.eu
The Insurance Summit 2016
February 25, 2016
London, United Kingdom
Organizer: Economist Events
Media Partner: XPRIMM Publications
For details: insurance.economist.com
AIF2016 - 2nd Annual African Insurance Forum 2016
March 3-4, 2016
Johannesburg, South Africa
Organizer: FEXTON Group
Media Partner: XPRIMM Publications
For details: ins.fextons.com
3rd Annual European Payment Forum
March 3-4, 2016
Crowne Plaza Amsterdam City Centre, Amsterdam, Holland
Organizer: GLC - Global Leading Conferences
Media Partner: XPRIMM Publications
For details: glceurope.com
IIF 2016 - Motor Insurance - The Road towards profitability
April 17-19, 2016
Istanbul, Turkey
Organizers: Media XPRIMM and Istanbul Underwriting Center
Media coverage: XPRIMM Publications
For details: www.internationalinsuranceforum.com |
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