 TOP
NEWS |
Over
protectionism in three "key markets" affect the European (re)insurers' activity
by Vlad BOLDIJAR, 2017-08-08
Protectionist measures in three "key
markets" for European (re)insurers - Indonesia, Turkey and Argentina - , can seriously
affect their businesses, and also can have negative consequences for
the economic development of the local markets, says Insurance Europe.
 More
STATISTICS: ALBANIA,
1H2017: Double-digit increase for the number of issued contracts
by Vlad BOLDIJAR, 2017-08-10
The Albanian insurance market reached over ALL 7,415 million (EUR 56
million) during the period January - June 2017, or 12.03% more compared
with 1H2016, the Financial Supervisory Authority informed.
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STATISTICS: KOSOVO
insurers reported a 20% y-o-y growth rate in 1H paid claims
by Vlad BOLDIJAR, 2017-08-10
The Kosovo insurers' GWP increased by 2.74% y-o-y, to EUR 41.05 million
in the first half of 2017, as shown by the Central Bank's data.
More
Baltic
States: BTA to take over InterRisk VIG
by Vlad BOLDIJAR, 2017-08-08
VIENNA Insurance Group announced it will strengthen its positions
on the Baltic market by merging InterRisk VIG into BTA Baltic Insurance
Company.
More
CROATIA
Osiguranje Group's net profit rose by 37% in 1H2017
by Vlad BOLDIJAR, 2017-08-09
CROATIA Osiguranje Group, one of the largest insurer in the Adriatic
region -, posted a first-half net profit of HRK 102 million (EUR 13.8
million), up 37% on the year.
More
EIG
on track to meet the FY target after the 51% GWP increase in 1H 2017
by Vlad BOLDIJAR, 2017-08-09
The Bulgarian financial group EUROHOLD said its revenues from insurance
business went up by 31.9% in 1H2017 to BGN 539.1 million (~EUR 276
million), while operating expenses increased by 31.3% to BGN 508.7
million (~EUR 261 million).
More
RNRC
was registered in China as a foreign reinsurer
by Oleg DORONCEANU, 2017-07-26
The Russian National Reinsurance Company (RNRC) has got the Chinese
market watchdog's approval to operate as a foreign reinsurer on the
China's specialty market, a company's official press release said.
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BELARUS:
Fitch outlooks for three top insurers revised to positive; IFS ratings
affirmed at B-
Fitch Ratings has revised the Outlooks on three state-owned Belarus
insurers to Positive from Stable while affirming the Insurer Financial
Strength (IFS) Ratings at 'B-'. The affected insurers are Belarusian
Republican Unitary Insurance Company (Belgosstrakh), Belarusian National
Reinsurance Organisation (Belarus Re), Export-Import Insurance Company
of the Republic of Belarus (Eximgarant).
More
Global
insurer ALLIANZ probes Armenian market's business potential
by Vlad BOLDIJAR, 2017-08-08
A delegation of the global insurer ALLIANZ led by Antoine ISSA, Regional
Director for Middle East and South Africa has recently met the Armenian
Minister of finance Vardan ARAMYAN, to assess the business prospects
on the local market.
More
AEGON Poland takes over NORDEA pension fund's management
by Vlad BOLDIJAR, 2017-08-08
AEGON Poland has received the Polish Financial Supervision Authority's approval
to take over the management of the NORDEA open pension fund (OFE) between September
1 and November 17, 2017.
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Swiss
Re, 1H2017: net income of USD 1.2 billion supported by the underwriting
performance and good investment results
by Daniela GHETU, 2017-08-10
Swiss Re reported net income of USD 1.2 billion for 1H2017. The overall
result was impacted by USD 360 million (net of retrocession and before
tax) insurance claims in the aftermath of Cyclone Debbie in Australia.
More
MUNICH
Re: EUR 733 million profit in Q2; 2017 profit guidance maintained at
EUR 2 - 2.4 billion
by Daniela GHETU, 2017-08-10
MUNICH Re posted a consolidated profit for the first half-year of EUR
1,290 million entitling expectations for an annual result reaching
the Group's 2017 profit guidance of EUR 2.0-2.4 billion.
More
After
strong 1H results, ALLIANZ Group's operating result for 2017 expected
to near EUR 10.8 billion
by Daniela GHETU, 2017-08-10
German ALLIANZ group achieved total revenues of EUR 30 billion, up
by 2.0% y-o-y. All business segments contributed to this increase with
the majority coming from the Life and Health business segment.
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GENERALI,
1H2017: improved net profit and operating result. Operating return
on equity again above target
by Daniela GHETU, 2017-08-10
GENERALI Group's operating result rose by 4.1% to EUR 2,588 million
in 1H2017, while the net profit increased to EUR 1,221 million. The
Group's annualized operating RoE was of 13.6%, in line with the plan
objective.
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SCOR
recorded a 6.2% net income growth in 1H 2017
by Vlad BOLDIJAR, 2017-08-09
The Paris based reinsurer SCOR has reported a net income of EUR 292
million for 1H 2017, up 6.2% y-o-y. "Excluding
the impacts of the change in the Ogden rate and of reserve releases,
the net income would be EUR 350 million in H1 2017", SCOR representatives said.
More
AXA
H1 net income up 1% to EUR 3.3 billion
by Vlad BOLDIJAR, 2017-08-09
AXA reported a 1% increase in net income for 1H2017 to EUR 3.3 billion,
mainly driven by higher adjusted earnings (EUR 3.5 billion, up by 3%),
a favourable change in the fair value of financial assets and lower
restructuring costs.
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MMC
Q2 revenue increases by 3% reflecting growth across all operating companies
by Vlad BOLDIJAR, 2017-08-10
The MARSH & McLENNAN Companies (MMC) reported
Q2 2017 consolidated revenues of USD 3.5 billion, up by 3% y-o-y. The
operating income increased by 5%, to USD 764 million, while the net
income attributable to the company was USD 501 million (vs. USD 472
million in Q2 2016).
More
AON's
net income more than doubled in Q2
by Vlad BOLDIJAR, 2017-08-10
The risk and insurance brokerage services provider AON reported a net
income attributable to shareholders of USD 769 million (or USD 2.93
per share) for Q2 2017, compared to USD 300 million (USD 1.11 per
share), for the prior year quarter.
More
AON
to acquire UNIROBE MEEUS Groep from AEGON for EUR 295 million
by Vlad BOLDIJAR, 2017-08-09
AON Groep Nederland announced it has entered into an agreement to acquire
UNIROBE MEEUS Groep - UMG (an independent financial advisory group)
from AEGON for EUR 295 million.
More
AXA
will insure UBER drivers in France
by Vlad BOLDIJAR, 2017-08-08
UBER and AXA announced the signing of a partnership to offer accident
cover for independent drivers who work using UBER technology in France.
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UK:
AVIVA announces a ten-year general insurance distribution agreement
with HSBC
by Vlad BOLDIJAR, 2017-08-08
AVIVA has signed a ten-year distribution deal in the UK with HSBC,
to provide a broad range of general insurance products in the British
market.
More
GENERALI
sales its Panama business to ASSA Compania de Seguros
by Vlad BOLDIJAR, 2017-08-10
The GENERALI Group has entered into an agreement to sell its business
in Panama. The transaction is part of its strategy to optimize its
geographical presence, increase operational efficiency and improve
capital allocation.
More
The
ALLIANZ and LV= joint venture will create third largest personal insurer
in the UK market
by Vlad BOLDIJAR, 2017-08-08
ALLIANZ Group and LIVERPOOL Victoria Friendly Society (LV=) have agreed
to launch a joint venture and a longer-term strategic partnership in
the UK, thus creating the third largest personal insurance company
in the market.
More
HANNOVER
Re completes acquisition of Lloyd's syndicate
by Daniela GHETU, 2017-07-21
The acquisition of the UK holding company ARGENTA Holdings Limited,
first announced by HANNOVER Re back in March, was successfully completed
and became effective on 20 July.
More |
|
Insurance
in the DIGITAL World: get ready for the future!
by Daniela GHETU, 2017-08-10
Smart phones have changed our use of time, money and leisure. Meanwhile,
the IoT technologies have gone way beyond the "intelligent,
connected fridge" that they were initially announcing. Connectivity has changed relationships
globally, changing the way we work and potentially leading to a completely
change in paradigm, both in the business and personal worlds.
More
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Remi VRIGNAUD, head of Oliver BATE's chancellery, appointed as CEO of ALLIANZ Austria
