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NEWS ALERT
November 20, 2012
 
 
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Live from Frankfurt
Supported byPIRAEUS Insurance Broker
EURO FINANCE WEEK focuses on financial stability
by daniela.ghetu@mxp.ro, andreea.ionete@mxp.ro, 2012-11-20
For five days starting November 19 Frankfurt am Main is hosting the 2012 edition of the EURO FINANCE WEEK, a well known annual event organized by MALEKI Group, displaying a large array of professional gatherings dedicated to the European financial world. The air of the city is rather changed as the Season Holidays atmosphere doesn't reach so far it used to do in the last years before the financial crisis. According to XPRIMM representatives joining the event, this wind of change can be felt also for EURO FINANCE WEEK. Thus, the event calendar has less conferences and seminars than last years' editions, having on the other hand a more integrated array of topics, doubled by more exclusive networking events.
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EFRP changed its name to PensionsEurope. Joanne SEGARS, the new President, examined the problems affecting the private pensions systems in Europe
by daniela.ghetu@mxp.ro, 2012-11-20
The EFRP today launched its new name at the 7th European Pension Funds Congress in Frankfurt. Ms. Joanne SEGARS, EFRP Chairman, presented the new name and logo during her opening speech, stating that the new name will make it much easier to understand what the Federation represents.
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FRANKFURT: EFRP Congress presents pension innovations from around the world
by daniela.ghetu@mxp.ro, 2012-11-20
Today took place in Frankfurt am Main (Germany) the 2012 edition of the European Pension Funds Congress, traditionally hosted by the European Federation for Retirement Provision (EFRP). Organized during the EURO FINANCE WEEK, the Congress is offering to the attending industry professionals an exclusivist list of speakers who will present pension innovations from around the world
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Top News
ALLIANZ 3Q2012: Slovakia and Czech Republic, best results in terms of profitability
by daniela.ghetu@mxp.ro, 2012-11-20
Slovakia and Czech Republic were the best CEE markets for ALLIANZ Group in terms of operating profitability, shows the Group's financial statements for 3Q2012. However, looking to the GWP figures, the German insurance group ended the first three quarters of the current year with an 8% decrease of the property & casualty business, to EUR 1.84 billion, and a 12.5% growth for the life insurance segment, EUR 948 million. Unfavorable foreign currency translation effects affected the Group's aggregated results in the region with a bout EUR 3 million.
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AON's Q3 net income rises 3%
by vlad.boldijar@mxp.ro, 2012-11-20
AON plc, the global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services, reported for the third quarter of 2012, total revenues of USD 2.7 billion, 1% more compared to the prior year quarter. At the same time, net income from continuing operations increased by 3%, to USD 204 million, or USD 0.62 per share, compared to USD 198 million (or USD 0.59 per share) in Q3 2011, announced the company.
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SWISS Re reports strong net income for Q3, boosted by ADMIN Re US sale
by vlad.boldijar@mxp.ro, 2012-11-20
SWISS Re reports very strong third-quarter net income of USD 2.2 billion (in comparison to USD 1.3 billion in the year-earlier period), and a return on equity of 28%, "driven by continued strong performance from P&C Reinsurance and a one-off gain from the sale of the ADMIN Re US business", as the company announced.
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SCOR, 3Q2012: Net income up 40%
by vlad.boldijar@mxp.ro, 2012-11-20
French reinsurer SCOR reported net income of EUR 318 million during the first nine months of 2012, representing a 39.5% increase compared with the same period a year earlier. Gross written premiums increased 13% to EUR 7.21 billion over the same period, helped by a strong property & casualty reinsurance business.
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SERBIA: Contentious MTPL premium allocation for the Republic Fund for Health Insurance
by lela.sakovic
Insurers in Serbia announce to request a review of constitutionality of the decision according to which they are obliged to allocate 5 percent of the gross premium of automobile liability insurance for the Republic Fund for Health Insurance. This obligation was introduced early this year when the new Article of the Law on Compulsory Traffic Insurance came into force. The Croatian insurers have recently won the case against such a decision, after the Constitutional Court ruled it was unconstitutional. This prompted the Serbian insurers to take a similar step as well: Association of Serbian Insurers announced it would submit a request to the Constitutional Court for review of that decision.
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