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TOP NEWS
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Generali Ceska pojistovna to merge with Generali Slovakia
by Andrei Victor, 2021-06-29
Generali CEE Holding announced the merger of its Czech and Slovak units: Generali Ceska pojistovna and Generali Slovakia. Generali in Slovakia will operate as a branch of Generali Ceska pojistovna, under the name Generali Poistovna, a branch of an insurance company from another Member State.
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Hungary: Aegon paid about EUR 2 m due to COVID-19
by Andrei Victor, 2021-06-30
Hungarian unit of Aegon announced it has paid more than HUF 700 million (~EUR 2 million) for life and accidents coverages since the beginning of the Coronavirus pandemic, wrote portfolio.hu here.
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Generali updates its strategy for climate protection
by Daniela GHETU, 2021-06-30
Italian Generali Group announced its new strategy on climate change which updates and extends the Group's existing plan approved in February 2018, pledges significant action related to investment and underwriting activities, the Group's core businesses, committing to a low climate impact future.
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In Cubis Ltd. announces a new generation of insurance information system
by press.release, 2021-06-30
In order to enable the most proactive market presence of insurance companies, the InCubis 2.0 platform - a new generation of InCubis solutions - is being intensively prepared. After 15 years of Megaline development and 14 years of InCubis 1.0 development, it is time to announce a new insurance information platform.
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Generali has placed a EUR 500 million tier 2 bond due in June 2032
by Alexandra GUZUN, 2021-06-30
Generali has closed its first sustainability bond in accordance with its Sustainability Bond Framework. The company has placed the new Euro denominated Tier 2 bond due in June 2032. This new format confirms Generali's leading position on sustainability matters.
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STATISTICS
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STATISTICS: Polish insurers' GWP expanded by more than 5% y-o-y in Q1 2021
by Andrei Victor, 2021-06-30
The largest CEE insurance market posted aggregate GWP of PLN 17.6 billion (EUR 3.8 billion) at the end of March 2021, 5.33% more y-o-y according to the quarterly statistics published by Polish KNF (Financial Supervision Authority). At the same time, claims and benefits paid by local insurers decreased by ~3% y-o-y to PLN 10.2 billion or EUR 2.2 billion.
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ON THE MOVE
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Bulgaria: Armeec CEO was re-elected as head of ABZ
by Andrei Victor, 2021-06-30
Konstantin Velev, the CEO of Bulgarian non-life insurer Armeec, was re-elected as Chairman of the Management Board of the Association of Bulgarian Insurers (ABZ), according to a press release publish on insurer's website: "His election was made unanimously during the general meeting of the members of the association, which approved the program of the association for next year".
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EVENTS
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CURRENT XPRIMM REPORTS
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