TOP NEWS
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by Daniela GHETU, 2023-02-16
The earthquake in Turkiye could result in a loss of up to 1% of the country's 2023 gross domestic product, the European Bank for Reconstruction and Development (EBRD) said in a report quoted by Reuters. This loss will add to the current economic difficulties of the country.
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by Daniela GHETU, 2023-02-14
Courtesy to Mrs. Selva Eren, CEO of Türk Reasürans A?, ths reinsurance company that carries out the technical operations of the Turkish Catastrophe Insurance Pool (TCIP), we have received a report on TCIPs operations throughout the first week after the catastrophic earthquakes that hit Türkiye on 5-6 February 2023.
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by Andrei Victor, 2023-02-14
In response to the earthquake that struck Türkiye and Syria, Italian insurer Generali informed it supports the impacted populations with a donation to UNICEF and other local programs as well as with a global fundraising campaign to be matched by Generali.
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by Andrei Victor, 2023-02-14
Allianz Group announced that it would make available six million euros to support relief and recovery efforts following the earthquakes in Türkiye and Syria, including up to one million euros to match the donations of its employees and tied agents.
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by Andrei Victor, 2023-02-14
Zurich Insurance Group reported very strong profits for the full year 2022, with the highest business operating profit (BOP) since 2007.
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by Andrei Victor, 2023-02-14
Based on consolidated, unaudited figures, the Talanx Group informed it slightly exceeded its FY 2022 target for Group net income with a rise of 16%, to EUR 1.17 billion. Its forecast was for a figure in the EUR 1.05-1.15 billion range.
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by Andrei Victor, 2023-02-14
German reinsurer Hannover Re informed it achieved better prices & conditions at Jan 1 reinsurance renewals. "Hannover Re achieved an inflation- and risk-adjusted price increase on renewed business of 8.0% in the treaty renewals as at 1 January 2023 in traditional property and casualty reinsurance", as the company's representative mentioned in a statement.
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by Andrei Victor, 2023-02-14
Global insurance broker WTW announced Q4 2022 revenue worth USD 2.72, an increase of 1% as compared to the same period in the prior year, while for the year ended December 31, 2022 the company reported revenue worth USD 8.87 billion vs. USD 9.0 billion for the prior year.
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by Daniela GHETU, 2023-02-16
Bulgaria-based holding company Management Financial Group (MFG) said on Friday that it is entering the market of general insurance to expand its portfolio of services, SEE News reported.
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by Marina MAGNAVAL, 2023-02-16
Overall profitability of the Czech non-life market is among the strongest and most stable in Europe, with a track record of solid and stable underwriting performance, with low risk investment strategies, the recent S&P's report shows.
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by Marina MAGNAVAL, 2023-02-16
According to the Estonian Traffic Insurance Fund (LKF), insurance mediators resolved 293 disputes last year, 171 of which ended with an agreement between insurance companies and clients. The number of home insurance, comprehensive insurance and travel insurance disputes increased the most. The largest disputed amount was EUR 176,500 and the smallest was EUR 90.
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by Andrei Victor, 2023-02-14
Eurohold Bulgaria, a leading energy and financial group in Southeast Europe, accuses an organized attack against Euroins Romania, the largest insurer on the Romanian insurance market and the biggest unit of Euroins Insurance Group, the holding's subsidiary insurance group.
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by Marina MAGNAVAL, 2023-02-16
With an average growth of the insurance market from 2% to 6%, the largest growth in 2022 was recorded by Imkliva Insurance (+36%), while among state insurers, Belgosstrakh had the largest growth rate (+11%).
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by Marina MAGNAVAL, 2023-02-16
According to the analytical center of the Association of Financiers of Kazakhstan (AFK), in 2022, the structure of the reinsurance market in Kazakhstan has undergone noticeable changes. The volume of the domestic and inward reinsurance market has grown significantly, Allinsurance.kz wrote.
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by Marina MAGNAVAL, 2023-02-16
Euroins Ukraine, a subsidiary of the international insurance group Euroins Insurance Group (EIG), collected UAH 469.1 million (~EUR 11.95 million) in 2022, which is 20% less than in 2021, Forinsurer reports.
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ON THE MOVE
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by Andrei Victor, 2023-02-14
Generali CEE Holding informed that as of 1st of March 2023, Pavol Pitonak, member of the board of directors and Commercial Director for the Czech Republic, will hold the position of Head of the Generali branch in Slovakia and Chief Sales Officer in Slovakia, and will also continue to lead the bancassurance, auto insurance and travel insurance departments in the Czech Republic.
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by Andrei Victor, 2023-02-14
Lloyd's, the world's leading marketplace for commercial, corporate and specialty risk solutions, announced that Andrew Brooks is the new Deputy Chair of the Council of Lloyd's.
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by Andrei Victor, 2023-02-14
Dutch insurer Aegon informed that Jan Willem Weidema, Head of Investor Relations, has decided to leave the company as per July 1, 2023. "Following Capital Markets Day on June 22, 2023, he will take an extended sabbatical to travel Europe with his family".
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