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CEE, Russia & CIS - archive

AXA acquires B&B Insurance in Belarus

AXA announced on the December 29th 2010 its 80% B&B Insurance Belarus share purchase, a company holding the first place on the local profile market and the second place on the local non-life insurance market. more...
(17.01.2011)

VIG expands on the life insurance market in Macedonia

Insurance company WINNER Osiguruvanje, member of VIENNA Insurance Group, received from the national supervisory authority its practice license for life insurance, starting January the 1st, 2011. more...
(18.01.2011)

Vladimir PUTIN supports the offer of a Russian investment group within CHAUCER

The Russian Prime Minister, Vladimir PUTIN, committed to help the Russian investment group PAMPLONA to raise its stake in British insurer CHAUCER, member of LLOYD's. more...
(20.01.2011)

Capital increases for the first two insurers in Montenegro

The end of 2010 brought with it important capital increase operations for the largest insurance companies in Montenegro (LOVCEN and SAVA MUNTENEGRU). Thus, at the end of December, the General Shareholders Meeting of LOVCEN Osiguranje decided a capital increase and issuing some new shares. more...
(20.01.2011)

The first private insurance company in Bosnia ended 2010 with 16% increase

The Bosnian insurance company VGT Osiguranje closed 2010 with a 16% growth in the gross underwritten premiums, in comparison with 2009. According to the company's officials, the increase is due to an operational extension in the whole country, as well as to offering more protection products for small and medium enterprises. more...
(24.01.2011)

BASLER Osiguranje - Serbian leader in professional liability insurance for physicians

Only 3 years after entering the Serbian insurance market, BASLER, member of the BALOISE Swiss group, is now first place on the professional liability insurance for physicians segment. more...
(19.01.2011)

60% of the Russian insurers might end their activity in the next two years

Over 300 companies out of the 600 that are currently active on the profile market in Russia might end their activity in the next two years, according to the President of the Insurance Supervisory Authority, Alexandr KOVALI. more...
(06.12.2010)

TRIGLAV is strengthening its presence in Albania, by buying the majority stake of ALBSIG

The end of last week had scheduled the signing of the agreement regarding the acquisition of the Albanian insurance company ALBSIG by the Slovenian insurance group TRIGLAV. So far, TRIGLAV held 9.9 percent of the ALBSIG shares, but "this figure will be increased to at least 50% in the next period", according to Slovenian publication FINANCE. more...
(14.12.2010)

Is AEGON expanding on the life insurance market in Ukraine?

The Dutch insurer AEGON plans to enter the insurance market in Ukraine by acquiring the majority stake of local society NADYA, announced company representatives of the investment company ARCA Capital, which represents the interests of NADYA. more...
(13.12.2010)

Leaders from Asia and Eastern Europe will gather at Tashkent Insurance Forum

The fourth edition of the International Forum in Tashkent, Uzbekistan, one of the most important profile events in Central Asia, will be held during April 14th-17th, 2011, organizers estimating a total of 300 participants from Asia, CIS countries, as well as from Central and Eastern Europe. Traditionally, for the third consecutive year, PRIMM Insurance & Pensions Magazine supports the forum, as Media Partner. more...
(13.12.2010)

European insurance sector remains stable despite economic turbulence

The European insurance sector remained stable in 2009, according to key figures released  on 23rd of November by CEA, the European insurance and reinsurance federation.
Provisional figures for 2009 indicate that gross written premiums in Europe totalled EUR 1,057 billion, representing a growth of 2.9% at constant exchange rates compared with 2008.
more...
(02.12.2010)

Russian market - key discussion topic at this year's "World Views for Life Insurance in Eastern Europe, CIS and Asia"

On November 9-10, 2010 Moscow hosted 6th international conference "World Views for Life Insurance in Eastern Europe, CIS and Asia" held by Russian Polis Information Group with the support of HANNOVER Life Re, SCOR Global Life and Russian life leaders ALICO-METLIFE, ROSGOSSTRAKH Life, ALLIANZ ROSNO Life, SOGAZ Life, MSK Life and URALSIB Life. more...
(02.12.2010)

The insurance market in Kazakhstan increased by 28% in the first 10 months

Insurance companies in Kazakhstan have cumulated, in the first 10 months of this year, gross written premiums amounting to EUR 588.4 million, up by about 28% compared with the corresponding period of last year, according to data of the Insurance Supervisory Agency in Kazakhstan. more...
(01.12.2010)

VIENNA Insurance Group said to postpone USD 670 million subordinate bond sale

VIENNA Insurance Group, eastern Europe's biggest insurer, postponed its EUR 500 million (USD 666 million) sale of 30-year subordinated bonds, according to a banker involved with the transaction. more...
(02.12.2010)

GENERALI boosts real estate and asset management operations in Asia and Central Europe

Assicurazioni GENERALI, Europe's third-biggest insurer, plans to increase its real-estate holdings and boost asset-management in central and Eastern Europe and Asia to raise profitability, according to Bloomberg. more...
(30.11.2010)

XPRIMM at the International Forum on Natural Disaster and Buildings and Construction Safety in Baku

On the 16th of November, 2010, the works of the Azerbaijan International Forum dedicated to Catastrophe Risks and Construction Safety, held in Baku by the UN Economic Commission, in partnership with the Government of Azerbaijan, have started. During the two days of the Conference, discussions will focus on the need for implementation of measures for disaster prevention and management of catastrophic risk, particularly frequent in the region. more...
(17.11.2010)

Household insurance, another objective for Central Asia

Only 1% of the homes of individuals and of properties of legal persons in the region of Central Asia and Caucasus (ACC) have an insurance against catastrophe risks, despite their increased exposure to these events, shows the presentation of Cristina IGNAT, Deputy General Director, STELLAR Re, held at the International Conference in Baku. According to the quoted official, the most frequent risks of catastrophe in the region are: earthquake, floods, landslides, avalanches and storms. more...
(17.11.2010)

3% increase for ALLIANZ in CEE

Total premiums written by ALLIANZ in CEE increased by 3% to EUR 2.8 billion, from EUR 2.7 billion in the same period of 2009. Adjusted for currency effects, premiums decreased by 2%.
Operating profit in the first three quarters amounted to EUR 66 million, which corresponds to a 70 percent decrease compared to the first nine months of 2009.
more...
(17.11.2010)

Premiums totaled EUR 2 billion for VIG in the CEE markets

In the CEE markets VIENNA Insurance Group reported written premiums of EUR 2 billion, corresponding to an increase by 1.2%. In the non-life insurance segment premiums written totalled EUR 759.3 million. Growing significantly by 27.7 percent, premiums written in the life insurance business rose to a total of EUR 530.8 million. more...
(17.11.2010)

MDRT Europe ClassIQ Regional Meeting: applying the Code of Ethics

Members of the Million Dollar Round Table should be ever mindful that complete compliance with and observance of the Code of Ethics of the Million Dollar Round Table shall serve to promote the highest quality standards of membership. more...
(17.11.2010)

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Interview of the week
Bruce BOWERS Bruce BOWERS
Regional CEO
ALLIANZ in CEE

"I am proud to lead this growth region for ALLIANZ and to build on the success to date that has been achieved. Today we have 7.5 million customers in the region, meaning that people see us as a trusted and reliable partner." Details






















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