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EIOPA welcomes the adoption by IAIS of the first global frameworks for supervision of internationally insurance groups and mitigation of systemic risk in the insurance sector
by press.release, 2019-11-14
EIOPA welcomes the adoption today of the first global frameworks for supervision of internationally active insurance groups, including an Insurance Capital Standard Version 2.0, and for the mitigation of systemic risk in the insurance sector.
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VIG and Wiener Stadtische connect with Silicon Valley
by press.release, 2019-11-12
Vienna Insurance Group (VIG) and Wiener Stadtische are the new "Founding Partner" of the leading global innovation platform, Plug and Play, in Silicon Valley.
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Munich Re, 3Q2019: consolidated result increased 79.1%
by press.release, 2019-11-12
Munich Re generated a profit of EUR 865 million (3Q2018: EUR 483 million) in the third quarter of 2019, 79.1% higher than the result of the same period of prior year.
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Hannover Re, 9M2019: net income up by 38.3%
by press.release, 2019-11-12
From January to September 2019, Hannover Re registered a net income of EUR 1,003.2 million, 38.3% higher year-on-year (9M2018: EUR 725.3 million).
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PartnerRe, 9M2019: net income close to USD 1 billion
by press.release, 2019-11-14
Net income available to common shareholder was USD 998 million for the first nine months of 2019, showing a solid result compared to the USD (101) million net income registered in the first nine months of 2018.
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HUNGARY: MNB suspended NOVIS unit-linked product
by Cosmin CONCEATU, 2019-11-12
The National Bank of Hungary (MNB) announced the decision to temporarily suspend NOVIS life insurance product distribution after the regulator found several problems that might affect the Hungarian customers.
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STATISTICS: LITHUANIAN market is on track to achieve the FY2019 CB projection
by Andrei Victor, 2019-11-14
The Lithuanian insurance market totaled EUR 706.35 million at the end of September 2019 with an 7.87% increase y-o-y. At the same time, insurance companies paid EUR 369.35 million in claims, or 11.41% more y-o-y, according to the market data published by the Central Bank.
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PZU Group results after the third quarter of 2019 at record breaking level
by Daniela GHETU, 2019-11-14
The PZU Group saw in 3Q 2019 record-breaking sales, with GWP amounting to PLN 17.5 billion (EUR 4 billion). At the same time, the net result on insurance activity reached PLN 1.99 billion (EUR 455 million), the best in five years.
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ROMANIA: ASF presented the top insurers with the most MTPL claim files in Q2 2019
by Andrei Victor, 2019-11-14
The Financial Supervisory Authority (ASF) announced it performed an analysis of the damage files related to the MTPL policies, approved by the insurance companies in the second quarter of 2019.
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Triglav Group's results as at the end of 3Q confirm the annual profit guidance
by Daniela GHETU, 2019-11-14
In the first nine months of 2019, Triglav Group posted a total of EUR 905 million in consolidated GWP, or 10% more y-o-y, and reached a profit before tax of EUR 72 million, up by 3% y-o-y. Taking into account the conditions anticipated until the end of the year, the Group confirms its annual profit guidance.
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TOP EVENT: Croatian Insurance Days 2019 - Day 2
by Adina TUDOR, 2019-11-08
The second and last day of Croatian Insurance Days conference of 2019 continues today, promising to offer interesting topics regarding insurance markets from the region.
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GOLDMAN SACHS buys shares of insurance group AXA
by Andrei Victor, 2019-11-14
French insurance group AXA announced it sells 144 million shares in its US subsidiary AXA Equitable Holdings (EQH) to the investment company GOLDMAN SACHS which acted as the sole underwriter of a registered public offering of the AXA Group.
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GENERALI launched ARTE GENERALI a global business unit dedicated to art collectors
by Andrei Victor, 2019-11-14
Italian insurer GENERALI annouced the launch of ARTE GENERALI, a global business unit dedicated to art collectors. "ARTE GENERALI is a suite of prevention, protection and insurance solutions for art collectors, integrated with unmatched services and cutting-edge technology", mentioned the Italian insurer in a press release.
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Lloyd's to create single governing body
by Andrei Victor, 2019-11-14
Lloyd's has informed that it will merge the Council with the Franchise Board from June 2020 to create a unified governing body, after receiving widespread support from across the market.
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Allianz, 9M2019: operating profit grew 4.2%
by press.release, 2019-11-08
For the first nine months of 2019, Allianz Group's operating profit grew by 4.2% to EUR 9.1 billion (9M2018: EUR 8.7 billion), mostly due to a one-off profit from Life/Health business in the United States.
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AXA, 9M2019: 5% increase in revenues
by press.release, 2019-11-08
At the end of September 2019, for the first nine months of current year, AXA Group's total revenues went up by 5%, amounting EUR 79.7 billion. Most of this amount came from French and European markets.
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ERGO, 3Q2019: EUR 119 million profit sustained by outside Germany activities
by press.release, 2019-11-13
In the third quarter of 2019, ERGO consolidated profit decreased to EUR 119 million (-31.4%), while the first nine months profit was positive but smaller too, amounting EUR 339 million (-5.4%).
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Generali, 9M2019: group's net profit up 16.6%, exceeding EUR 2.1 billion
by press.release, 2019-11-08
Generali Group net profit for the first nine months of 2019 was EUR 2,163 million, 16.6% higher than the net profit of the same period of prior year.
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NN Group, 3Q2019: net result of EUR 515 million
by press.release, 2019-11-14
For the third quarter of 2019, NN Group net result amounted EUR 515 million, showing a decrease of 34.6% year-on-year, reflecting lower non-operating items.
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Talanx Group, 3Q2019: operating profit up 139%
by press.release, 2019-11-13
For the third quarter of 2019, Talanx Group consolidated operating profit reached EUR 619 million, increasing by 139% year-on-year. The first nine months operating profit was EUR 1,863 million (+26.7%).
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Zurich Insurance Group, 9M2019: P&C business lines premiums grew 7%
by press.release, 2019-11-13
For the first nine months of 2019, Zurich Insurance Group (Zurich) Property and Casualty (P&C) amounted USD 26.4 billion (up 7%), while the Life annual premium equivalent was USD 3.2 billion (down 6%).
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STATISTICS: AZERBAIJAN, 3Q2019: life insurance dropped by more than 7% y-o- y
by Marina MAGNAVAL, 2019-11-14
From January to September 2019, total market GWP decreased by 8.11% y-o-y, to AZN 522.45 million (EUR 281.01 million). Paid claims, on the contrary, went up by almost 8% and reached AZN 201.70 million (EUR 108.49 million), as the data, published by the Azerbaijan's Financial Market Supervisory Authority (FIMSA) show.
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AZERBAIJAN: pension insurance agreement marks an important step in cooperation with Bulgaria
by Marina MAGNAVAL, 2019-11-13
In November 2019, Azerbaijani Minister of Labor and Social Protection of the Population, Sahil BABAYEV and Bulgarian Ambassador Nikolay YANKOV at the DOST (Sustainable and Operative Social Security) Agency signed an intergovernmental agreement on pension insurance in Baku, as Azernews reported with reference to the Ministry of Labor and Social Protection of the Population.
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RUSSIA: national rating of RENAISSANCE LIFE improved to ruA+
by Marina MAGNAVAL, 2019-11-14
The rating agency Expert RA improved the national rating of RENAISSANCE LIFE to ruA+, outlook stable, ASN reports.
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UKRAINE: motor classes take leading positions in GWP and paid claims portfolio of TAS
by Marina MAGNAVAL, 2019-11-13
From January to September 2019, GWP of the TAS Insurance Group increased by 31.4% y-o-y, Forinsurer reports.
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Swiss Re Corporate Solutions appointed Loredana MAZZOLENI NEGLEN as Head of Customer Experience & Global Sales Steering
by press.release, 2019-11-13
Swiss Re Corporate Solutions (SRCS) appoints Loredana MAZZOLENI NEGLEN as Head Customer Experience & Global Sales Steering, effective 1 February 2020. In this newly created role, she will be responsible for supporting SRCS to better understand and address its customers' needs and pain points, and deliver a better Customer Experience.
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ESTONIA: Siim TAMMERI joins FSA Management Board
by Cosmin CONCEATU, 2019-11-12
Estonian Finantsinspektsioon (FSA) announced the appointment of Siim TAMMERI as the new member of the Management Board, effective from January 1st, 2020.
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TURKEY: Uco VEGTER to be new CEO of EUREKO Sigorta
by Andrei Victor, 2019-11-14
Dutch insurer ACHMEA informed that Uco VEGTER has been appointed Chief Executive Officer of EUREKO Sigorta, ACHMEA's subsidiary in Turkey. He succeeds Can Akin CAGLAR, who stood down this spring. Since then Uco VEGTER has been the acting CEO.
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Allianz Global Investors changes leadership
by press.release, 2019-11-12
Allianz Global Investors (AllianzGI) has announced the retirement of Andreas UTERMANN from the position of CEO, to take effect on January 1st, 2020.
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Jan-Hendrik ERASMUS leaves NN for AVIVA
by Cosmin CONCEATU, 2019-11-12
Jan-Hendrik ERASMUS, current Chief Risk Officer (CRO) of NN Group will join Aviva plc as Group Chief Risk Officer.
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