XPRIMM News
Insurance Newsletter, No. 359, 8 June, 2017

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INTERVIEW - ON THE MOVE - TOP NEWS - CURRENT REPORTS

TOP NEWS
Elisabeth STADLER, awarded the title "Kommerzialratin"
by Daniela GHETU, 2017-06-08
Elisabeth STADLER, CEO and Chairwoman of Vienna Insurance Group, was awarded the professional title of "Kommerzialratin" in recognition of her services to the insurance industry.
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Fitch Ratings rates Russian National Reinsurance Company 'BBB-', stable outlook
by Oleg DORONCEANU, Dana ZAHARIA, 2017-06-06
Fitch Ratings has assigned Joint Stock Company Russian National Reinsurance Company (RNRC) an Insurer Financial Strength (IFS) rating of 'BBB-'. The Outlook is Stable.
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STATISTICS: GREECE, 1Q2017: The growth rate of life insurance maintained the market in the positive area
by Vlad BOLDIJAR, 2017-06-08
At the end of March 2017, the Greek insurance market totaled EUR 962 million, up by 1.4% y-o-y, according to the preliminary market figures published by the Hellenic Association of Insurance Companies (HAIC).
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STATISTICS: LITHUANIAN insurers posted Q1 five times higher gross profits y-o-y
by Vlad BOLDIJAR, 2017-06-08
Lithuanian insurers reported GWP of EUR 184.7 million in Q1 2017, while growth within the entire insurance market was 16%, according to the figures published on the Central Bank's website.
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STATISTICS: ALBANIAN insurers' Q1 GWP up by 17.6% y-o-y
by Vlad BOLDIJAR, 2017-06-08
The Albanian insurance market reached over ALL 3.45 billion (EUR 25.4 million) during Q1 2017, or 17.62% more y-o-y, according to the quarterly statistics published by the local Financial Supervisory Authority.
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Tougher controls of the MTPL insurance in Azerbaijan
by Daniela GHETU, 2017-06-06
The Azeri Financial Market Supervisory Authority (FIMSA), Ministry of Internal Affairs (MIA) and Compulsory Insurance Bureau (CIB) have concluded an agreement for exchanging information on the MTPL insurance.
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AZERBAIJAN: QALA Insurance, licensed for compulsory personal accident insurance of passengers
by Daniela GHETU, 2017-06-08
QALA Insurance was licensed to provide services on compulsory personal accident insurance of passengers, the Compulsory Insurance Bureau of Azerbaijan (CIB) has announced on its website.
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XL Catlin: Global property insurance capacity expanded by 25%
by Daniela GHETU, 2017-06-08
XL Catlin has announced that is has extended its global property insurance capacity by 25% to USD 500 million, available on a quota share or layered basis to address more of business's global and domestic property insurance needs.
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AVIVA's financial strenght and long term issuer credit ratings affirmed by A.M. Best
by Daniela GHETU, 2017-06-08
A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" of the rated insurance subsidiaries of AVIVA plc (UK).
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Edmond Wodehouse (JLT Brokerlik) - Isil Cayirli Ketenci (Mercer) team won the 31st Milli Re International Insurance Tennis Tournament
by Daniela GHETU, 2017-06-08
Organized by Milli Re, the 31st round of the traditional "International Insurance Tennis Tournament" took place at Miltas - Suadiye Sports Complex, on 02-04 June 2017.
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ON THE MOVE
Fetooh Al Zayani & Kai-Uwe Schanz Join Trust Re's Board of Directors
by Daniela GHETU, 2017-06-06
TRUST Re is has announced the appointment of Mrs. Fetooh Al Zayani and Dr. Kai-Uwe Schanz as independent non-executive Directors for a full 3-year term.
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RUSSIA: Alexander GAZIZOV left SBERBANK for SOGAZ after a 18 years career within the group
by Olesea ADONEV, 2017-06-08
Alexander GAZIZOV, General Director and Chairman of the Supervisory Board of SBERBANK Insurance Broker, Kazakhstan is leaving the company, also ending his activity in the SBERBANK Group, to devote himself to other projects.
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Adias GERBAUD will head XL Catlin's International Environmental portfolio
by Daniela GHETU, 2017-06-08
Adias GERBAUD was promoted to Head XL Catlin's International Environmental. She will lead a team of eleven underwriters across the UK, Western Europe and Australia. She is based in Madrid, Spain.
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David MUTTON, appointed Senior Underwriter, Casualty for XL Catlin's business in Australia
by Daniela GHETU, 2017-06-08
XL Catlin's insurance operations announced the appointment of David MUTTON as Senior Underwriter, Casualty for Australia. MUTTON has over 15 years' experience in the insurance industry, specialising in corporate and commercial casualty.
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PRESS CUTTINGS
ALBANIA's top two richest men diversify investments in insurance market

AZERBAIJAN: Bank VTB Azerbaijan to insure cash machines and cash in them

AZERBAIJAN: FIMSA: Standard Insurance should finish process of capitalization within a month

AZERBAIJAN: Two insurance agencies eliminated in Azerbaijan

Fairfax agrees to reduce holdings in insurance joint venture with ICICI Bank

GREECE: Greek American EXIN Partners Acquire Emblematic Greek Insurer Ethniki Asfalistiki

KOSOVO: Net profit of insurance companies flattish in Jan-April

RUSSIA: Sberbank of Russia to expand capabilities in Islamic financial business

UZBEKISTAN: Head of Uzbekistan's biggest insurance company appointed

VIG Re plans to expand in Germany, enter new European markets

Less than three weeks to IIF 2017: Thierry PELGRIN, SOMPO Canopius on the speaker's list
by Daniela GHETU, 2017-06-08
Thierry PELGRIN, Head of Continental Europe, SOMPO Canopius, Switzerland joined the excelent team of speakers performing at IIF 2017 - "PROPERTY Insurance - The NatCat Challenge", to be held in Munich, on 26 June.
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INTERVIEW
Vyacheslav CHERNYAKHOVSKY
Chairman of the Committee
Ukrainian Society of Financial Analysts

There is a tendency to withdraw from insurance business, both on the foreign investors side and on domestic owned companies. In case of the national companies the trend is more connected with obvious or provoked bankruptcies, while for foreign investors turning off Ukrainian business was caused by the high level of sovereign risk, low rates of economic recovery, insignificant (or even negative) return on capital, etc.
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VIG
JLT

STATISTIC UPDATES
Greece 1Q2017
Lithuania 1Q2017
Albania 1Q2017

OMNIASIG
MARSH

XPRIMM EVENTS
IIF 2017 - PROPERTY Insurance Conference
26 June 2017, Munich, Germany
IIF 2017 - MOTOR Insurance Conference
September 2017 Baku, Azerbaijan
IIF 2017 - MOTOR Insurance Conference
October 2017 Istanbul, Turkey
Baden-Baden XPRIMM Reception
22 October 2017, Baden Baden, Germany
IIF 2017 - Insurance in the DIGITAL World
14 November 2017, Vienna, Austria

TRUST RE

PARTNER EVENTS
The Customer Experience Financial Services Conference
22 June 2017, The Cavendish Conference Centre, Central London, UK
XV Russian Insurance Summit
12 July 2017, Saint Petersburg, Russian Federation

IIS Global Insurance Forum
17-20 July 2017, Park Westminster Bridge Hotel, London
Les Rendez-vous de Septembre 2017
9-14 September, 2017, Monte Carlo, Monaco
7th Annual Risk Management Forum
14-15 September, 2017, Vienna, Austria
International Conference "RISKS & CLAIMS-2017"
20 September, 2017, Moscow, Russian Federation
Baden Baden Meetings 2017
22-26 October 2017, Baden Baden, Germany

EUROINS
GLOBASIG

CURRENT XPRIMM REPORTS
RUSSIA FY 2016
KAZAKHSTAN FY2015 & 1H2016
TURKEY FY2015 & 1H2016
ROMANIA 1Q2016 & 1H2016
Ins. Report CEE, SEE & CIS – 1H2016
Motor Ins. Report FY2015 & 1H2016
Property Ins. Report FY2015

XPRIMM News