TOP NEWS
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by Daniela GHETU, 2023-05-04
Today starts in Tbilisi the 2023 edition of the International Insurance Conference of Georgia, an event organized at the initiative of the State Insurance Supervision Service of Georgia and with the logistical support of XPRIMM.
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by Marina MAGNAVAL, 2023-05-03
On 28 April 2023, VIG Re has published its Annual Report confirming preliminary financial figures communicated on 16th March 2023.
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by Andrei Victor, 2023-05-03
Global reinsurer Munich Re informed it achieved both a "good investment result in Q1 2023 and a pleasing operational business performance".
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by Andrei Victor, 2023-05-03
Zurich Insurance Group (Zurich) has published its Financial Condition Report 2022, reaffirming the strong financial position and robust balance sheet of the Group.
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by Andrei Victor, 2023-05-03
Global re/insurance broker AON informed that its Q1 2023 total revenue increased by 5% to USD 3.9 billion, "reflecting 7% organic revenue growth and a 1% favorable impact from fiduciary investment income, partially offset by a 3% unfavorable impact from foreign currency translation".
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by Andrei Victor, 2023-05-03
Bulgarian commercial banks UBB - United Bulgarian Bank and KBC Bank Bulgaria, - both of them owned by Belgian financial group KBC- have legally formalised their merger, creating the country's largest lender by assets, according to a press release posted on UBB website.
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by Marina MAGNAVAL, 2023-05-03
According to the Estonian Traffic Insurance Fund (LKF), as of now nearly 21,000 motorcycles and mopeds have been insured, while last year there were 3,000 less, the Association of Estonian Insurance Companies (EKsL) wrote.
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by Marina MAGNAVAL, 2023-05-03
Several insurance companies had to cancel their previous contracts after the record paid claims due to the last year's drought, according to the Hungarian Association of Independent Insurance Bargainers (FBAMSZ) , portfolio.hu wrote.
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by Andrei Victor, 2023-05-03
Hungarian insurer Posta Biztosito is in Hungarian hands, after the state-owned Corvinus International Investment Company has closed the acquisition of 66.9% stakes (the remaining 33.1% being held by Magyar Posta) in the life & general insurance units of state-owned postal company Magyar Posta from Germany's Talanx, informed bbj.hu here quoting press released by the Ministry of Economic Development.
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by Andrei Victor, 2023-05-03
Acrisure, a Fintech leader that operates a top-10 global insurance broker, announced its acquisition of Unilink Group, the largest insurance distribution platform in the Central and Eastern European (CEE) region. Through this partnership, Acrisure adds over 1,300 colleagues across Poland, Bulgaria, Romania, Czech Republic, Slovakia and Moldova and clients in the same geography.
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by Marina MAGNAVAL, 2023-05-03
The leader of the insurance sector, life insurance company PASHA Life Insurance, increased its profit to AZN 9.5 million (~EUR 5.13 million) in the first quarter of 2023. At the same time, the company's paid claims tripled y-o-y, amounting to AZN 48 million, Trend reports.
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by Daniela GHETU, 2023-05-03
Irwin Mitchell Holdings Limited has sold 100% of its interests in Coris UK Ltd. to CCN Insurance Services AG, a sister company of the Claims Corporation Network (CCN) Group. This acquisition has been made to strengthen CCN's core business lines, which include third-party administration (TPA), MGA and insurance services.
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INTERVIEW
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by Daniela GHETU, 2023-05-03
Despite the impact of the volatile economic conditions in the wake of the pandemic crisis and as an effect of the ongoing war in Ukraine the insurance market in Georgia managed to avoid significant losses and maintained a stabile development path mainly due to high economic growth in the country.
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STATISTICS
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by Marina MAGNAVAL, 2023-05-03
The CIS market* ended FY2022 with a 9.9% y-o-y growth in euros, reaching EUR 29.15 billion, according to xprimm statistics.
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ON THE MOVE
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by Andrei Victor, 2023-05-03
Global reinsurer Swiss Re announced that Sergio P. Ermotti stepped down as Chairman of the Board of Directors on 30 April 2023, after completing the agreed handover period, to fully focus on his role at UBS.
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by Andrei Victor, 2023-05-03
Polish insurance broker UNILINK group announced change in the position of the President of the Management Board of Unilink in Poland. Thus, Aleksandra Friedel, who had previously been a member of the company's management board, became the new president.
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by Andrei Victor, 2023-05-03
At the end of April, due to the expiry of the three-year contract, Andrea Simoncelli resigns from the position of the Chairman of the Supervisory Boards of insurance companies of Generali Polska, as the company informed here.
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EVENTS
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CURRENT XPRIMM REPORTS
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