Trust Re announced today an increase in its paid up capital, from US$ 100m to US$ 140m, and an increase in its authorised capital to US$200m.
The top five European news stories from www.insuranceinsight.com over the past seven days.
Cypriot insurance companies will be affected by a bail-in on deposits, contrary to previous reports.
The collective pain for the financial services sector in the Eurozone is almost over, although the recent Cypriot debt-crisis is a reminder of the fragility of the economic recovery, according to Ernst & Young.
As European Union members get closer to introducing the Directive on patient mobility Edmund Tirbutt asks how private medical insurers are tackling fraud in health care.
Credit insurer Coface reduced its risk assessments for four European countries in its latest country risk assessment review.
Insurance Insight’s weekly update is live with an article the biggest man-made disaster in Cypriot history; and a blog on why more education is needed in the Middle East.
In July Cyprus saw its largest insurance loss caused by man and despite doubts as to its quality the insurance industry stood tall according to Konstantinos Dekatris.
Trade credit insurer Coface has reduced its 2011 forecasts for much of Europe following a deterioration of the average strength of companies.
Despite a slowdown compared with 2010, Coface is expecting the steady pace of growth of emerging countries to continue, forecasting their economies to grow at 5.7%, in 2011.
Aon Benfield has launched an earthquake model for Cyprus, as insurers seek to increase their understanding of seismic risk in the region.
Chartis today announced its new structure for the European Economic Area countries and Switzerland.
Eureko has closed the sale of 98.9% of shares in Interlife Insurance and 100% of the shares in Interamerican Assistance to Rodardo.
After obtaining customary regulatory approvals, CNP Assurances had finalised the transaction with Rentipar Seguros SGPS for the sale of its stakes of 83.52% et 83.57% respectively in Global - Companhia de Seguros, S.A. and Global Vida - Companhia de…