Austria
Vienna Insurance Group adds four to managing board
Vienna Insurance Group is expanding its managing board by adding two members and two deputy members.
Generali loses motor market share in Italy and France
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.
Euler Hermes Q1 revenues jump 5.1%
Trade credit insurer Euler Hermes has reported a 5.1% increase in revenues for the three months ended 31 March 2015 to €670m (£478m).
Cedants less likely to transfer business to reinsurers, says AM Best
Europe’s 20 largest cedants are benefitting from lower reinsurance rates and stronger bargaining power according to ratings agency AM Best.
AGCS expands board and adds mid-corporate business line
Allianz Global Corporate & Specialty SE has expanded its board of management and added a new business line for mid-tier companies.
Guy Carpenter rolls out new European hail model
Guy Carpenter has launched a probabilistic hail model for Europe.
Insurers behind banks on mobile offerings
Insurers continue to lag behind their banking counterparts when it comes to mobile websites and apps, according to research from CP consulting.
VIG buys Polish life insurer
Austrian composite Vienna Insurance Group has completed a deal to acquire Polish life insurer Skandia Zycie.
Helvetia posts 9.2% increase in profit after tax
Swiss insurer Helvetia Group increased its profit after tax by 9.2% to CHF 363.8m in the 2013 financial year.
Vienna Insurance acquires Moldovan insurer
Vienna Insurance Group has inked a deal to acquire a 94% stake of Moldovan insurer Donaris Group.
Europe: Weathering the storm
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.
AGCS unveils country manager for Austria
Allianz Global Corporate & Specialty has appointed Ole Ohlmeyer as the new country manager for Austria.
European PI market to be worth £6.27bn by 2017
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.
Uniqa and core entities upgraded by S&P
Austrian Uniqa Insurance And Its Core Entities Upgraded On Improved Capital Adequacy; Ratings Off Watch; Outlook Stable
Hiscox launches online insurance platform in Germany
Hiscox started offering insurance in Germany via a direct and online insurance offering.
Mapfre Assistance offers travel assistance product to MOL oil companies
Mapfre Assistance has won a tender to provide travel assistance to the clients of the MOL oil company in Hungary and bordering countries.
Losses from European floods could hit £4.5bn
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.
Talanx expects under €250m losses from European floods
German insurance giant Talanx has estimated its net loss from flood claims in Germany and neighboring countries at less than €250m.
“Significant damage” expected from devastating European floods
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.
VIG increases profit but posts fall in premium in Q1
Vienna Insurance Group increased profit before taxes by 5.2% to €159.4m in the first quarter of 2013.
"Stagnating" Austrian market challenging for insurers
Austrian insurers face a challenging domestic market but should benefit from their strength in Central Eastern and South-Eastern Europe, Fitch said.
VIG Re sees profit jump 17.8% in 2012
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
Top five European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
VIG acquires majority of QBE Makedonija
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.