A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of "a" of Zavarovalnica TRIGLAV, the parent company of the Slovenian TRIGLAV Group, and Pozavarovalnica TRIGLAV Re, a wholly owned subsidiary of TRIGLAV.
A.M. Best has upgraded the Financial Strength Rating to A (Excellent) and the Long-Term Issuer Credit Rating to "a" of Slovenian Pozavarovalnica SAVA d.d. (SAVA Re), the parent company of the SAVA Re Group. The outlook of these Credit Ratings (ratings) is stable.
In 3Q2018, the Serbian insurance market totaled RSD 74.6 billion (EUR 630 million), representing an increase of 5.2% on a year earlier, according to the statistics published by the National Bank of Serbia (NBS).
Estonian insurance market totaled EUR 357 million at the end of September 2018, up by 13.7% y-o-y, according to quarterly market figures published by the Estonian National Statistics Board.
According to the financial results as of the end of the 3rd quarter, the return on equity of TOP-5 Russian insurers amounted to 40.6%, the report on financial stability prepared by the Bank of Russia shows.
The Regulation providing for the expansion of the base MTPL tariffs by 20% up and down was approved by the Bank of Russia, ASN reported. The new tariff corridor will be within RUB 2,746 - 4,942 (instead of the existing RUB 3,432 - 4,118).
Based on the report on financial stability for the 2nd and 3rd quarters, prepared by the Bank of Russia, MTPL combined ratio dropped to 79.2% (vs 119.9% a year ago).
Insurance company Xalq Hayat Sigorta was registered on November 23 and has applied to Azerbaijan's Financial Market Supervisory Authority (FIMSA) for obtaining an insurance license, the news agency Trend wrote.
GWP of Azerbaijani insurance companies in January-October 2018 amounted to AZN 617.2 million (+33.4% y-o-y), according to the report of Azerbaijan's Financial Market Supervisory Authority (FIMSA).
Italian insurer GENERALI announced it entered into the final agreement to acquire full control of the Polish insurers CONCORDIA Capital (life insurance) and CONCORDIA Polska TUW (non-life insurance) from their German shareholders CONCORDIA Versicherung and Vereinigte Hagelversicherung.
Wolfgang STOCKMEYER (49) has been appointed, on 30 November 2018, Chairman of the VIG's subsidiary BTA Baltic Management Board, as part of a series of changes in the composition of its Management Board operated by the main player of Austrian Group in the Baltic region.
Frans de BEAUFORT has been appointed as the new Head of Corporate Communications at AEGON as of December 1, the as the Dutch financial group announced in a press release.
"Fifteen years after its introduction, title insurance continues to play a growing role in the CEE real estate market," Jean-Bernard WURM, Co-Founder & Managing Director of Secure Legal Title, London said talking to Property Forum about the trends in the CEE region's real estate sector.