Swiss Re announced that the company has become a Supporting Member of the International Cooperative and Mutual Insurance Federation (ICMIF), the global representative body of the cooperative and mutual insurance sector.
ZURICH Insurance Group announced that Amanda BLANC, CEO EMEA and Bank Distribution and a Member of the Group's Executive Committee, has tendered her resignation.
LLOYD's of London announced today that Jennifer RIGBY has been appointed Chief Operations Officer (COO).
The Vienna Insurance Group (VIG) has been included again in Austria's VONIX sustainability index for the 2019/20 period. The listing was officially announced at the end of June 2019.
Trust Re, the regional reinsurance company headquartered in the Kingdom of Bahrain since 1989, announced that The Company is satisfied with its 30-year growth and remains committed to fulfilling all its obligations.
LLOYD's, the world's insurance and reinsurance market, announced the appointment of Mark COOPER for the newly created role of Head of Market Development for the European market, and Amit KHILOSIA as the new Regional Head, Africa.
German insurer ALLIANZ announced changes to its board of management following Helga JUNG's decision to not extend her appointment and retire at the end of December 2019 after 26 years at ALLIANZ and having served as member of the board of management for eight years.
One of the most important insurance events within the Caucasus region - the "Insurance in Azerbaijan: Trends & Opportunities" Conference took place today, 28 June 2019, in the capital city of Azerbaijan - Baku.
Total market GWP from January-April 2019 amounted to AZN 265.3 million (~EUR 139.12 million), while total paid claims reached AZN 66.7 million, Trend reports with reference to the Financial Market Supervisory Authority (FIMSA).
On 19 June 2019, Slovenian Sovereign Holding (SDH) successfully completed the privatisation process of Nova Ljubljanska banka, d. d. (NLB). The Republic of Slovenia will remain the largest shareholder of NLB, with a 25% stake plus 1 share.
According to the most recent figures available on the CNB website (Czech National Bank), the local insurance industry totaled about CZK 41.8 billion (~EUR 1.6 billion) at the end of March 2019, down by 4.2% y-o-y.
25 Hungarian insurers reported 1Q2019 aggregate GWP up by 14.8% y-o-y to HUF 316.4 billion (EUR 986 million), according to the quarterly market data published by the National Bank of Hungary (MNB). Life insurance GWP increased by 11.2% to HUF 132 billion (EUR 411 million), while non-life GWP increased by 17.5% to HUF 185 billion (EUR 575 million), as the MNB figures reveal.
The GWP value of Slovenian insurers totaled EUR 672.7 million in the first quarter of 2019, a 4.6% increase y-o-y, according to the Slovenian Insurance Association's most recent report. Non-life insurance made up 72.2% of total GWP, while the share of life insurance premiums was 27.8%.
According to the Russian Association of Motor Insurers, in May 2019 INGOSSTRAKH became the MTPL leader in terms of number of policies and GWP, while AlfaStrakhovanie held the leading positions for the period from January to May, ASN reports.
ALLIANZ Group and Banco Santander settled an agreement for Banco Santander to buy a 60% stake in Allianz Popular SL, and terminate the exclusive non-life distribution agreement with ALLIANZ's operating entity in Spain.
The Polish Motor Insurers Bureau (PBUK) counted over 75,200 motor accidents abroad caused by vehicles with Polish registration plates for 2018. This means over 200 accidents abroad every day in 2018.
According to The Estonian Insurance Association (EKsL), 13,000 property claims arise over the course of an average year in Estonia. Of this number, about 11,000 are home insurance claims. Insurance companies in Estonia pay around EUR 28 million every year for property claims.
Presidential Decree #175 "On insurance" d/d May 11, 2019 calls for a number of significant changes for the insurance market from September 1, 2019, Minsk-News reports.
S&P Global Ratings raised its long-term issuer credit and financial strength ratings of SOGAZ to 'BBB', outlook stable, removing them from CreditWatch with developing implications, as the insurer informed on its website with reference to the agency's report.
According to the National Bank of Kazakhstan, for the period from January to May, total GWP amounted to KZT 208.7 billion/~EUR 0.49 billion (+24% y-o-y). 34% of GWP were contributed by the life sector, Allinsurance.kz reports.