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Insurance

Swiss Re appoints new CFO and proposes new members to the BoD
Swiss Re announced that John DACEY, currently Group Chief Strategy Officer, is appointed Group Chief Financial Officer, effective 1 April 2018. He succeeds to David COLE, who will step down to pursue a non-executive career, while remaining a board member of several Swiss Re subsidiaries. Continuare
(14.12.2017)
Liberty to redomicile its UK Insurance company to Luxemboug
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has announced that will relocate its insurance company from the UK to Luxembourg, while maintaining its substantial London presence. Continuare
(14.12.2017)
PERILS puts initial loss estimate for Herwart at EUR 252 million
PERILS' initial estimate of the insured property market loss for Herwart, , which among other countries affected Austria and Germany on 29 October 2017, based on loss data from affected insurers, is EUR 252 million. Continuare
(14.12.2017)
Industry veteran David LUNDGREN to head InsurTech Pioneer Quantemplate
David LUNDGREN has been appointed CEO and Board Director of Quantemplate, an InsurTech firm which uses machine learning to help re/insurers grow their business through data transformation and analytical insights. Continuare
(14.12.2017)
Join Claims & Underwriting Experts across World's Top Insurance Companies at the 5th Insurance Claims & Underwriting Summit 2018
Don't miss your chance to be involved in the 5th Insurance Claims & Underwriting Summit 2018 in Singapore from 6-9 February 2018 and engage in-depth discussions on global strategies to further develop the industry, get first-hand updates and practical information on market driven Claims & Underwriting management strategies that could greatly enhance your organization's market competitiveness on customer experience, technology advancement & pricing mechanism. Continuare
(11.12.2017)
MAPFRE reorganizes its territorial structure; Nikos ANTIMISSARIS will head the new EURASIA Regional Area's operations
MAPFRE Group will reunite its Europe (except IBERIA), Middle East and Africa operations with its Asia-Pacific starting January 2018 under a new unit called EURASIA Regional Area, the Group has announced on the occasion of its 3Q results presentation. Continuare
(07.12.2017)
AIG names Tom BOLD as Chief Underwriting Officer, General Insurance
American International Group, Inc. announced that Tom BOLT, ex Berkshire Hathaway Specialty Insurance's President and CEO of the U.K. and Southern Europe, will join the company as Chief Underwriting Officer, General Insurance, starting January 2018. Continuare
(07.12.2017)
WATFORD Insurance has announced its intention to enter the Romanian insurance market
WATFORD Insurance today announced its intention to establish a branch to launch insurance operations in Romania, focusing mainly on the MTPL and ancillary insurance products sale, but other retail products such as residential property insurance may also be offered. Continuare
(07.12.2017)
Desmond BOHAN joins JLT Re as Senior Vice President
JLT Re, part of the global provider of reinsurance broking and consultancy, has appointed Desmond BOHAN as Senior Vice President in Stamford, Connecticut. He will focus on the continued expansion and development of JLT Re's Program practice in North America. Continuare
(07.12.2017)
Piotr OZAREK is the PZU's first Ombudsman
Piotr OZAREK was appointed to perform the newly established function within PZU, as the first client's spokesperson of the insurer. His main task will be of helping in the most difficult and complicated cases in which PZU's clients are not satisfied with the solution. Continuare
(07.12.2017)
XL Catlin APPOINTS Yera PATEL to head its International Financial Lines claims team
XL Catlin announced on December 4 that it has appointed Yera PATEL to the position of Global Practice Leader for International Financial Lines Claims. Continuare
(07.12.2017)
Romania, a key-market for VIG
Romania is a key-market for VIG, the Austrian group taking the commitment to be a long-term investor on the local insurance market, the VIENNA Insurance Group representatives stated on Monday, December 4th, during a press conference. Continuare
(05.12.2017)
SCOR Global Life establishes a new Executive Leadership Team
SCOR Global Life announces the creation of a new Executive Leadership Team. Continuing the implementation of the "Vision in Action" strategic plan, this new organization reinforces SCOR Global Life's customer-centric and value creation focus. Continuare
(23.11.2017)
Kurt KARL to retire; Jerome Jean HAEGELI will be the new Swiss Re's Group Chief Economist
As of 01 January 2018, Jerome Jean HAEGELI will become Swiss Re's Group Chief Economist at the Swiss Re Institute. Current Group Chief Economist Kurt KARL will retire at the end of December 2017 after six years in the role and 17 years with Swiss Re. Continuare
(23.11.2017)
"Insurance and Pensions reloaded" - the 7th EIOPA Annual Conference
The 7th EIOPA Annual Conference takes place today in Frankfurt am Main, Germany. A review of the current supervisory covergence issues and of the prospects of the Pan European Personal Pension Product are on the event's agenda, together with analyzing the ways in which regulation may enable innovation. Continuare
(22.11.2017)

Moldova

STATISTICS: Moldova, 3Q2017: GWP up by 5.2%, while claims slowly decreased by 0.84%
GWP collected by Moldavian insurers totaled MDL 1,067.96 million and went up by 5.26% compared to the similar period of 2016, according to the official data published by the National Commission of the Financial Market in Moldova (NCFM). Continuare
(07.12.2017)
Rep. of Moldova: MTPL tariffs could be liberalized gradually while insurers' capital could reach MDL 1.8 billion lei according to NCFM strategy
Until 2022, the volume of insurance reserves and the insurers' capital must reach the level of MDL 1.8 billion each, the development strategy developed for the following five years by the National Commission of the Financial Market in Moldova (NCFM) for the non-banking financial market envisions. Continuare
(16.11.2017)
Main conclusions: The Insurance Conference - Republic of Moldova
One of the most important annual events dedicated to the regional insurance market, The Insurance Conference - Republic of Moldova, took place on 10 October in Chisinau, gathering over 120 professionals from Moldova, Romania, Russia, Ukraine, Holland, Germany, The Czech Republic, Poland, Croatia and Latvia. Continuare
(12.10.2017)
STATISTICS: Moldova, 1H2017: GWP up by 5.62%; changes in the market hierarchy
Total GWP collected by Moldavian insurance companies in 1H2017 have reached to MDL 663.35 million, up by 5.62%, according to data published by the National Commission of the Financial Market in Moldova (NCFM). Continuare
(07.09.2017)
MOLDOVA: In 1H2017, the pre-tax profit of insurers was MDL 33.8 million, one third amore y-o-y
The incomes of the insurers increased 0.9% year-on-year to MDL 1 billion 093.3 million. The incomes from insurance activities proper were MDL 978.5 million, up 14.4% year-on-year. The expenses of the insurance companies grew 8.2% to MDL 1 billion 059.5 million.
Continuare
(22.08.2017)
STATISTICS: MOLDOVA, 1Q2017: Local insurers' business grew by 10.22% in the beginning of 2017
In 1Q2017, the total GWP collected by Moldavian insurance companies have reached to MDL 310.33 million, up by 9.12% y-o-y, according to the official data published by the market watchdog. Continuare
(22.06.2017)
STATISTICS: MOLDOVA, FY2016: Growth supported by the MTPL rates
The total GWP by Moldova's insurance companies increased by 9.67%, to MLD 1,347.04 million (EUR 64.48 million) in 2016, according to the official data published by the supervisory authority - NCFM. Continuare
(06.04.2017)
MOLDOVA: Two Moldasig shareholders, forced by the NCFM to sell their shares
The National Commission of Financial Market (NCFM) has decided to sanction two shareholders of the insurance company Moldasig. Thus, the "WESNA" L.T.D. (4.99% share) and "ERWA" Limited (4.98% share) shareholders, have 3 months to sell their shares. Continuare
(20.12.2016)
MOLDOVA: Eight insurance companies risk losing their license
The National Commission of Financial Market (NCFM) has warned eight insurance companies from Moldova, that they could remain without license,  because of the irregularities detected. Continuare
(05.12.2016)
STATISTICS: Rep. of MOLDOVA, 3Q2016: GWP up by 11.58%, exceeding MDL 1 billion
In 3Q2016, the total GWP collected by Moldavian insurance companies have exceeded one billion MDL, up by 11.58% compared 3Q2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF). Continuare
(24.11.2016)
MOLDOVAN insurance companies fined by NCFM
Most of Moldovan insurance companies were fined by the National Commission of Financial Market (CNPF). The sanctions were imposed because they have not met the deadline for payment of compensation and preparing the minutes on prejudice. Continuare
(14.11.2016)
Moldova: GENERAL Asigurari is the newest player to enter the market
GENERAL Asigurari is the most recent player to enter the re/insurance market in Moldova. The Board of Directors of the National Commission of Financial Market has issued the prior approval of registration in this regard, according to official anouncement made by local supervisory authority. Continuare
(10.11.2016)
STATISTICS: Rep. of Moldova, 1H2016: GWP up by more than 9.5%, while claims increased by over 40%
The Moldavian insurance market has recorded in 1H2016, total GWP of MDL 628 million (EUR 28,2 million), increasing by 9,5% as compared with 1H2015, according to the official data published by the National Commission of the Financial Market in Moldova (CNPF). In the European currency, company's GWP have seen a decrease of 0,49%, as a consequence of the national currency depreciation against the European one. Continuare
(18.08.2016)
MOLDOVA: Insurance company ASITO closes down!
Shareholders of ASITO insurance company have decided to close the company. The director of ASITO, Andrei Lupyri, has written a request to the Financial Market National Committee, with the request to take away the license. Continuare
(07.07.2016)
Moldova avoids suspension from the Green Card system
The General Assembly of the Council of Bureaux in Brussels decided on June 2 to revoke the suspension of the National Bureau of Motor Insurers of Moldova (BNAA) from the "Green Card" system. Continuare
(09.06.2016)
 


Interview of the week
Assen CHRISTOV Assen CHRISTOV
Chairman of the Supervisory Board
EUROHOLD

The economic environment and the insurance market are fully correlated. Healthy growth of the insurance business is hardly possible without economic growth. Of course, we have been an example of an expanding business in the times of economic downturn, but this expansion also comes along immense managerial and organizational efforts. Details




















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