Vienna Insurance Group has posted a 7% increase in group profit before taxes to €443.2m, in the first three quarters, driven by strong growth in Central and Eastern Europe.
The Vienna Insurance Group has posted a 7% increase in profit for the first half of 2012 compared to 2011, helped by a 13% growth in profit from Central and Eastern Europe.
Highlights for the Russian insurance market for Q2 include a number of important personnel reshuffles, several companies being sold and problems with a high roller. Paul Koshik reports.
Regulations like Solvency II will have a significant impact on mutuals across Europe. Francesca Nyman asks whether the model will survive.
Vienna Insurance group built on strong full year 2011 results with a 6% increase in pre-tax profits to €151.4m in the first quarter of 2012.
While the economic turmoil of the Eurozone crisis and heavy catastrophe losses eroded the bottom line of many European insurers in 2011, Vienna Insurance Group enjoyed the most profitable year in the group’s history, and avoided having its A+ credit…
Some view Central and Eastern Europe as behind Western Europe, but bancassurance could help to change this. Thomas Schöllkopf takes a look at the motives and opportunities for growth offered by this alternative sales channel.
The Vienna Insurance Group has appointed Bernhard Fauster head of group marketing with effect from 1 December 2011.
Austrian insurer Vienna Insurance Group reported consolidated written premiums of €6.8bn in the first nine months of 2011, a 4% increase year on year.
Risk Management Solutions has upgraded its Europe Windstorm Model to include three new Eastern European countries.
Weather related catastrophes are common in the Balkans but there is a perception there that the government will always be on hand to help. However, as Sam Barrett explains the only way forward is to create and develop a market to enable the transfer of…
Marsh is to acquire a 15% stake in INSIA as part of an agreement which will see the broker support the network’s growth in the Czech Republic and Slovakia and other European countries.
The mighty Danube links many countries but Jakki May asks if that is enough to link the insurance markets within these territories and encourage mergers and acquisition.
There are undeniable signs that affinity markets in Central and Eastern European markets, including Poland, the Czech Republic, Slovakia, and Hungary, are ripe for expansion. However, as Jane Bernstein discovers moving in to tap this market might not be…
Allianz in Central and Eastern Europe today reported total premiums increased by 5 percent to €2bn, from €1.9bn in the first half of 2009.
Three European independent insurance brokers, Siaci Saint Honore, Greco Group and Ecclesia Group have come together with Jardine Lloyd Thompson to sign an exclusive trading agreement.
QBE has promoted Petko Tonchev to general manager for Central and Eastern Europe.
Chartis today announced its new structure for the European Economic Area countries and Switzerland.
Aviva has appointed Jiri Schneller as chief executive of Aviva Czech Republic.
Allianz in Central and Eastern Europe saw total premiums grow by 8 percent in the first quarter of 2010, reaching Euros 1.1 bn. Operating profit in the first quarter of 2010 amounted to Euros 66m, compared to Euros 78m euros in the same period of 2009.
The Austria's insurance sector is facing challenges relating to the industry's significant exposure to central and eastern Europe, according to a new report from Fitch Ratings.