 INTERVIEW
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by Daniela GHETU, 2022-11-17
Clearly, we are all facing many challenges at the same time: high inflation, climate change, natural catastrophes, supply chain issues, etc. Nonetheless, we will consider individual circumstances by market and by client, and together we will find the best solution for our clients' needs.
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TOP NEWS
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by Daniela GHETU, 2022-11-17
Despite the major geopolitical and economic challenges, Vienna Insurance Group (VIG) 3Q 2022 results improved y-o-y. The Group expects year-end GWP worth at least EUR 12 billion and profit before taxes that surpasses the previous year's figure of EUR 511 million.
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by Marina MAGNAVAL, 2022-11-16
Allianz SE's operating profit in 3Q rose by 7.4% to EUR 3.5 billion, driven by the Property-Casualty segment. Total revenues increased by 1.3% to EUR 34.8 billion, net income - by 16.7% to EUR 2.5 billion. After 9M2022 total revenues reached EUR 116 billion, operating profit - EUR 10.2 billion, while net income decreased by 31.5% to EUR 4.7 billion mainly due to a provision booked in 1Q.
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by Marina MAGNAVAL, 2022-11-16
Generali's GWP increased to EUR 59.8 billion (+1.3%), driven by growth in P&C (+10.3%), led by the non-motor line. Life premiums contracted (-2.9%), to EUR 7.7 billion, driven by the unit-linked and protection lines. Operating result continued to rise to EUR 4.8 billion (+7.8%), thanks to the positive
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by Daniela GHETU, 2022-11-15
French reinsurer SCOR reported net loss of EUR 509 million for the first nine months of 2022, "reflecting mainly the impacts of Nat Cat claims (EUR -907 million) and the non-recognition of Deferred Tax Assets (EUR -139 million), while the impact of the P&C reserves strengthening is broadly offset by the release of L&H excess margin in the third quarter", the company announced in a statement.
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by Marina MAGNAVAL, 2022-11-16
Zurich's Property & Casualty (P&C) GWP rose 8%, with growth of 13% on a like-for-like basis. Life new business annual premium equivalent up 2% on a like-for-like basis, with margin at an attractive level of 26.5%. Capital position is very strong with Swiss Solvency Test ratio estimated at 252% as of September 30, 2022, the group's press release said.
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by Andrei Victor, 2022-11-15
German insurance group Talanx is on track to meet its annual targets after the end-September result The insurer's representatives pointed out in a statement that the growths registered in premium income and net income in the first nine months of the year compensates for high losses from natural disasters and the reserves booked for potential losses arising from Russia's war of aggression against Ukraine.
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by Andrei Victor, 2022-11-15
In the first nine months of 2022, Croatian conglomerate ADRIS Grupa, with business in tourism, food production and insurance (Croatia Osiguranje) - posted total revenue worth HRK 5.2 billion (~EUR 0.7 billion), up by 15% compared to the same reporting period last year.
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by Andrei Victor, 2022-11-15
Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group reported January-September 2022 GWP worth EUR 8.486 billion, up by EUR 1.06 billion or by 14% y-o-y.
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by Marina MAGNAVAL, 2022-11-15
By the end of October, insurers paid out four times as much in total for drought damage alone. In the coming period, this amount is expected to increase by HUF 1.2 billion, according to the Association of Hungarian Insurers (MABISZ), portfolio.hu wrote.
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by Marina MAGNAVAL, 2022-11-15
The number of citizens who insured their lives exceeded 15% of the entire population, according to the data from the last census conducted last year. Of all the insured, 82% have policies that insure death, the rest 18% invested in life insurance with a savings component, the ISA (Insurance Supervision Agency) said.
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by Marina MAGNAVAL, 2022-11-15
As the results of the third quarter of 2022 show, the MTIBU (Motor Transport Insurance Bureau of Ukraine) made 1.4 thousand payments from the Victim Protection Fund of the Bureau in the total amount of UAH 68.3 million (~EUR 1.89 million), as the Bureau said in its press release.
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ON THE MOVE
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by Marina MAGNAVAL, 2022-11-15
The President of the Board of Directors of the Croatian Financial Services Supervisory Agency (HANFA), Ante ZIGMAN, was elected for the third time as a member of the Executive Board of the International Association of Insurance Supervisors (IAIS) as a representative of the CEET region (Central and Eastern Europe and Transcaucasia), svijetosiguranja.eu wrote.
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by Marina MAGNAVAL, 2022-11-15
In Kazakhstan, on November 7, 2022, by the decision of the Commission of the Agency of the Republic of Kazakhstan for Regulation and Development of the financial market, Igor YAKOVENKO was elected to the position of insurance ombudsman, Allinsurance.kz reports with reference to the Agency.
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by Daniela GHETU, 2022-11-16
Christos Adamantiadis was appointed CEO, Continental Europe at Marsh, the world's leading insurance broker and risk advisor, effective 1 January 2023. Mr. Adamantiadis will be based in Zurich and report to Flavio Piccolomini, President of Marsh's International Division.
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by Andrei Victor, 2022-11-15
Marianna Politopoulou, Chief Executive Officer (CEO) of NN Hellas, has decided to leave NN Group as of 30 November 2022, to pursue opportunities outside the company. "Marianna's successor will be announced in due course", as NN Group representatives informed in a statement.
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by Andrei Victor, 2022-11-15
Global insurance broker Marsh announced the appointment of Michael Kolodner as Global Renewable Energy Leader, Marsh Specialty.
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by Andrei Victor, 2022-11-15
French reinsurer SCOR announced that its BoD decided to co-opt Martine Gerow, CFO of American Express Global Business Travel, as a director. She replaces Kory Sorenson - who has decided to resign from the Board for personal reasons.
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by Andrei Victor, 2022-11-15
American International Group (AIG) announced that AIG and Peter Zaffino, President & Chief Executive Officer and Chairman of the Board, have entered into an agreement securing Zaffino's employment through November 10, 2027.
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CURRENT XPRIMM REPORTS
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