Vienna Insurance Group has targeted at least 10% growth in Poland, Hungary, Croatia and Serbia over the medium term as the company announced a €172m (£134m) preliminary profit before tax for 2015.
Vienna Insurance Group is expanding its managing board by adding two members and two deputy members.
Italian insurer Generali saw a 4.6% property and casualty profit decline in the first quarter after it counted the cost of storms in Italy, Germany and Austria.
Trade credit insurer Euler Hermes has reported a 5.1% increase in revenues for the three months ended 31 March 2015 to €670m (£478m).
Europe’s 20 largest cedants are benefitting from lower reinsurance rates and stronger bargaining power according to ratings agency AM Best.
Allianz Global Corporate & Specialty SE has expanded its board of management and added a new business line for mid-tier companies.
Guy Carpenter has launched a probabilistic hail model for Europe.
Insurers continue to lag behind their banking counterparts when it comes to mobile websites and apps, according to research from CP consulting.
Swiss insurer Helvetia Group increased its profit after tax by 9.2% to CHF 363.8m in the 2013 financial year.
Vienna Insurance Group has inked a deal to acquire a 94% stake of Moldovan insurer Donaris Group.
Europe got a battering from natural catastrophes in 2013, resulting in the region clocking up the most loss events for the year across the globe.
Allianz Global Corporate & Specialty has appointed Ole Ohlmeyer as the new country manager for Austria.
The professional indemnity insurance market across 10 European countries - Austria, Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Switzerland and the UK- will be worth around €7.5bn (£6.27bn)by 2017.
Austrian Uniqa Insurance And Its Core Entities Upgraded On Improved Capital Adequacy; Ratings Off Watch; Outlook Stable
Mapfre Assistance has won a tender to provide travel assistance to the clients of the MOL oil company in Hungary and bordering countries.
Industry-wide insured losses on recent flooding in central and eastern Europe is expected to hit between $3.5bn (£2.4bn) and $4.5bn (£3bn), according to estimates by Swiss Re.
German insurance giant Talanx has estimated its net loss from flood claims in Germany and neighboring countries at less than €250m.
Catastrophe modelling firm Eqecat has warned the industry to expect significant damage from the floods that have inundated Germany, Austria and the Czech Republic over the past week.
Vienna Insurance Group increased profit before taxes by 5.2% to €159.4m in the first quarter of 2013.
Austrian insurers face a challenging domestic market but should benefit from their strength in Central Eastern and South-Eastern Europe, Fitch said.
VIG Re reports, the reinsurance arm of Austria’s Vienna Insurance Group a 17.8% increase in pre-tax profit to €24.3m, for 2012
The top five stories from www.insuranceinsight.com over the past seven days.
Austria's Vienna Insurance Group says is will become the number one insurer in the Macedonian market, following its acquisition of a majority stake in QBE Makedonija.
Vienna Insurance Group posted a 5.1% increase in profit before taxes to €587.4m in 2012, the highest profit in the company's history.