TOP NEWS
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VIG Group's position in the CEE strengthened by the Aegon acquisition
by Daniela GHETU, 2021-03-09
At the end of November 2020, Vienna Insurance Group signed the share purchase agreement to acquire the Eastern European business of the Dutch insurer Aegon, thereby taking an important step towards expanding its presence and strengthen its position in the CEE region.
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Fitch Ratings affirmed Aviva's ratings, with stable outlook
by press.release, 2021-03-11
Fitch Ratings has affirmed Aviva Plc's (Aviva) core insurance subsidiaries' Insurer Financial Strength (IFS) Ratings at 'AA-' (Very Strong) and Aviva's Long-Term Issuer Default Rating (IDR) at 'A+'. The Outlooks are Stable.
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AEGON closes the sale of STONEBRIDGE
by Andrei Victor, 2021-03-08
AEGON announced that it has successfully completed the divestment of STONEBRIDGE, a UK-based provider of accident insurance products to GLOBAL Premium Holdings group, part of EMBIGNELL group.
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Groupama launched Driving Academy in Turkey
by Andrei Victor, 2021-03-08
French insurer Groupama announced its Turkish unit Groupama Sigorta launched in mid-December its Driving Academy, in a partnership with Intercity Driving Center, the most recognized driving center in Turkey.
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Estonia: During 2020 conciliators settled 178 insurance disputes
by Andrei Victor, 2021-03-09
Last year, Estonian insurance conciliators were involved in 257 insurance disputes, of which 178 ended with an agreement between the insurer and the client. Most of disputes were related to MTPL insurance cases, followed by household insurance, as informed in a statement the Estonian Insurance Association (EKsL).
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Hungary: Insurers' end-2020 net profits expanded by EUR 20 million to EUR 230 million
by Andrei Victor, 2021-03-11
According to the quarterly MNB published statistics (Central Bank of Hungary), at the end of December 2020 the aggregate market gross profit of Hungarian insurers was up by 18.52% y-o-y to HUF 88.89 billion the equivalent of EUR 243 million (vs. HUF 75 billion), while the value of net profit increased by 18.83% y-o-y to HUF 84.16 billion (EUR 230 million).
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INTERVIEW
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Julia KHMELNITSKAJA, Deputy CEO Willis CIS
by Marina MAGNAVAL, 2021-03-11
Beginning of 2021 already showed same uncertainity. At the macro level this is as regards economic recovery with some hopes for the brighter future though as vaccination started. 2021 will be core for development and actual reimbursement of COVID-19 related claims.
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VIDEO
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STATISTICS
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MARKET & TRENDS
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Litmus: Big Four's January renewals highlight improved P&C rating environment
by Daniela GHETU, 2021-03-11
The Big Four European reinsurers (Hannover Re, Munich Re, SCOR and Swiss Re), accounting together for about one third of global P&C reinsurance premiums, have each took advantage of firmer pricing to grow selectively in the 1 January 2021 P&C reinsurance renewals, Litmus Analysis' annual survey has found.
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ON THE MOVE
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Chairman and CEO of The Jasco Group joins AIG's Board of Directors
by Andrei Victor, 2021-03-08
AIG announced that its Board of Directors has elected James Cole, Jr., as a Director of the company, effective March 15, 2021. Cole is Chairman and Chief Executive Officer of The Jasco Group, a New York City-based multidimensional investment management firm.
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Portevin to lead global risk consulting unit at AGCS
by Andrei Victor, 2021-03-08
Allianz Global Corporate & Specialty (AGCS) - the corporate insurance carrier of ALLIANZ Group - announced that Thierry Portevin, current Global Head of Property at AGCS, will be appointed Global Head of Allianz Risk Consulting (ARC), effective March 8.
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EVENTS
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CURRENT XPRIMM REPORTS
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