News - Insurance

EUROINS, FY2019: net profit doubled to BGN 21 million

Euroins Insurance Group (EIG) closed the year 2019 with a net profit of BGN 21.1 million (~EUR 10.8 million), 113% more year-on-year. The group's consolidated gross written premiums reached BGN 848 million (~EUR 433 million), 32% more compared to the same period of prior year.

SAVA, FY2019: group's net profit increased 17%, exceeding EUR 50 million

During 2019, the Sava Insurance Group (SAVA) wrote nearly EUR 600 million in gross premiums and generated a net profit of EUR 50 million. Performance exceeded targets set for 2019, also thanks to a one-off income from a successful acquisition in Croatia, the company mentioned.

ERGO, FY2019: group's consolidated result increased 22.6

For year 2019, ERGO Group generated a consolidated profit amounting EUR 440 million, 22.6% more year-on-year, exceeding its profit guidance of EUR 400 million and staying well on track to meet the objectives of the ERGO Strategy Programme, as the group mentioned.

Munich Re, FY2019: consolidated profit expanded 19.0% year-on-year

At the end of 2019, Munich Re generated a profit of EUR 2,707 million, 19.0% more year-on-year. The operating result was up on the previous year to EUR 4,004 million (+7.5%), and the other non-operating result amounted to EUR (665) million (FY2018: EUR (639) million). The currency result totaled EUR 73 million (FY2018: EUR (39) million).

Joint meeting of Belarusian Nuclear Insurance Pool and Representatives of International Nuclear Insurance Pools, the General Purposes Committee (GPC)

On 5 February 2020 a joint meeting of the members of Belarusian Nuclear Insurance Pool (Belarus Re, Belgosstrakh, Eximgarant of Belarus), the Ministry of Finance of the Republic of Belarus, the Ministry of Energy of the Republic of Belarus, RUE "Belarusian NPP" and representatives of international nuclear insurance pools, the General Purposes Committee (GPC), was held in Minsk. They discussed issues in respect to insurance & reinsurance coverage for risks arising from Belarusian NPP operation, as well as opportunities to enhance international cooperation in the field of Nuclear TPL, Property and CAR/EAR Reinsurance.


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