ERGO Group AG announced the sale of 100% of its non-life business in Russia to RESO-Garantia. The parties have agreed not to disclose details of the purchase price.
The insurance market of Kosovo totaled EUR 93.5 million at the end of 2018, 7% more y-o-y, according to data provided by the Central Bank (CBK).
Non-life GWP increased by 6.5% y-o-y to EUR 90.5 million, of which EUR 48.6 million related to Domestic MTPL, EUR 7.5 million - Border policies and EUR 34.4 million - other voluntary classes, according to "The Insurance Companies Activity" published by CBK.
Insurers operating on the Estonian market reported total GWP of EUR 552 million for the financial year 2018, up by 29.2% y-o-y, according to the market data published by the Estonian National Statistics Board.
ZURICH Insurance Group reported 2018 BOP of USD 4.56 billion vs. USD 3.80 billion a year before, while the net income after tax attributable to shareholders (NIAS) was up by 24% to USD 3.71 billion.
Hannover-based insurer TALANX Group informed it has achieved FY2018 Group net income of EUR 703 million vs. EUR 670 million a year before, in line with "the outlook of around EUR 700 million published in October 2018".
Global re/insurance broker AON has named veteran AON leader, Lambros LAMBROU as Global Chief Executive Officer (CEO) of its Commercial Risk Solutions division.
FAIRFAX Financial Holdings Limited announced that Peter CLARKE has been appointed Vice President (VP) and Chief Operating Officer (COO) of FAIRFAX, reporting to FAIRFAX President, Paul RIVETT.
During 2018 there were 35,251 road motor incidents in Estonia, the lowest number in the past 4 years. While the number of incidents decreased, the average claim has increased in value by 11,62% compared to 2017.
The Russian National Reinsurance Company (RNRC) has the pleasure to invite in St. Petersburg, on September 19-20, 2019 the main insurance and reinsurance companies of the world, to take part in the 2nd Summit of National Reinsurers.
The 15th International Risk Management Conference taking place on 11 and 12 April 2019 at The Ritz-Carlton hotel in Almaty, Kazakhstan. Since 2005, this Conference has become a traditional event not only for the insurance sector of the CIS countries, but has also acquired the international status. XPRIMM Publications is a traditional media partner of the event.
Aiming to help all market participants in revealing and preventing insurance fraud, the Polish Insurance Guarantee Fund (UFG) has launched a dedicated platform using advanced technologies.
Adam ROMAN, board member of Ergo Hestia (Poland), will hold the position of Head of Global P&C of the ERGO group, effective 1 March. His tasks will include supervision over property insurance of the group in the areas of underwriting, actuarial and pricing, as well as reinsurance.
During 2008-2017 the main segments of the Hungarian insurance market - life and non-life insurance -, recorded a U-shape trend, both in written premiums and paid claims terms. Life insurance claims made the only exception from this path, recording a growth trend in the toughest years of the financial crisis.