xprimm.com
 
NEWS ALERT
November 21, 2012
 
 
            www.xprimm.com

Live from Frankfurt
Supported byPIRAEUS Insurance Broker
FRANKFURT: The future of European insurance and pensions industries under debate at the EIOPA Conference
by daniela.ghetu@mxp.ro, 2012-11-21
The 2nd Annual Conference of EIOPA takes place today in Frankfurt am Main, addressing fundamental issues of the European financial landscape as the future development and sustainability of the private pension systems, financial stability and insurance regulations in the wake of the Solvency II implementation.
More
Top News
CROATIA Osiguranje, 3Q2012: Net profit up 32%
by vlad.boldijar@mxp.ro, 2012-11-21
The net profit reported by CROATIA Osiguranje Group for the first nine months of 2012 amounted to HRK 113 million (EUR 15.2 million) which is an increase of 32% compared to 3Q2011. For the same period, the value of gross written premium amounted to HRK 2.53 billion (EUR 340 million), reporting a decrease of 3.2%. The non-life GWP decreased by 3.6% to HRK 2.25 billion (EUR 302 million), while the life GWP totaled HRK 280.6 million or EUR 38 million (0.3% more), according to the Unaudited Consolidated Financial Statements published by the company.
More

GENERALI: Relevant contribution of the CEE markets to the group's growth
by daniela.ghetu@mxp.ro, 2012-11-21
CEE markets accounted for about 6% of the aggregated gross premium of EUR 50.94 billion written by the GENERALI subsidiaries in 3Q2012. In terms of profitability, the CEE contribution to the total EUR 3.3 billion operating result (+9.4% y-o-y) was of about 9.5%. Commenting upon the overall Group's achievements in the first nine months of 2012, GENERALI Group CEO Mario GRECO said that the Italian insurer expects for the end of 2012 "a result in excess of € 4 billion, in line with the previously announced target."
More

KBC Group, 3Q2012: Net profit jumped to EUR 1.23 billion
by vlad.boldijar@mxp.ro, 2012-11-21
KBC Group posted an IFRS-based net profit of EUR 531 million for the third quarter of 2012 against a net loss of EUR 539 million in the previous quarter and a net loss of EUR 1.58 billion in Q3 2011. For the first nine months of 2012, the same indicator was EUR 372 million, compared to EUR-424 million for January-September 2011. Excluding all exceptional and non-operating items, KBC ended the third quarter of 2012 with an underlying net profit of EUR 406 million, while for the first nine months, the value amounted to EUR 1.23 billion.
More

MARSH & MCLENNAN posts strong Q3 income
by vlad.boldijar@mxp.ro, 2012-11-21
MARSH & MCLENNAN companies reported consolidated revenue in the third quarter of 2012 of USD 2.8 billion, representing an increase of 1% compared the third quarter of 2011. Operating income rose 22% to USD 378 million, while the income from continuing operations was USD 246 million, compared with USD 133 million in Q3 2011.
More

ZURICH Insurance Group: Q3 net profit down 62%
by vlad.boldijar@mxp.ro, 2012-11-21
Swiss ZURICH Insurance Group posted third-quarter net income of USD 477 million, 62% less than last year's USD 1.24 billion, while its business operating profit fell to USD 733 million from USD 1.12 billion in Q3 2011. At the same time, the company reported for January-September 2012 a net profit of USD 2.7 billion, down 16% compared with the previous year, while the business operating profit was USD 3.2 billion, unchanged compared with prior year.
More

Subscribe now to www.xprimm.com
32 CEE, SEE and CIS countries – insurance statistics and news + CEE and CIS regional statistics

Click here for more details
Click here for 1 day Free Trial
xprimm.com

xprimm.com
 

THE EDITORIAL STAFF:

President: Sergiu COSTACHE CEO: Adriana PANCIU
Managing Partner: Alexandru D. CIUNCAN
Development Director: Mihaela CIRCU

Project Manager XPRIMM.COM: Daniela GHETU
Coordinating Editor: Andreea IONETE
International Column Coordinator: Vlad BOLDIJAR
CIS Research Consultant: Olesea ADONEV
Senior Editors: Vlad PANCIU, Oleg DORONCEANU
Editors: Oana RADU, Mihai CRACEA
Junior Editors: Adina TUDOR, Dimitris TSOULIAS

Accounts Manager: Georgiana OPREA
IT Department: Octavian GRIGOR, Dorin PALADE, Cosmin ARMASESCU

e-mail: media@xprimm.com
PUBLISHED BY: Media XPRIMM

Reproduction or use without permission of editorial or graphic content, in any manner, is prohibited. The Editorial Staff is not responsible for the truthfulness or the accuracy of the presented data. The Editorial Staff has the right to present the data in it's own manner. In what concerns the use, in any manner, of the information contained in this e-mail, Romanian laws apply.

Click here to subscribe!
Click here to unsubscribe!

Copyright©2012 Media XPRIMM