Austria
VIG posts record profit for second year running
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.
Austrian lawyer annointed as Van Hulle successor
The European Commission has appointed Klaus Wiedner to replace Karel Van Hulle as head of unit dealing with pensions and insurance in the Internal Market Directorate General.
Guy Carpenter appointment signals focus on European casualty market
Guy Carpenter & Company has appointed Georg Fuelles as head of European casualty strategy.
Extreme weather conditions barely disrupt film insurance market
While floods, tropical storms and fires have generated extra claims for insurers worldwide, a Lloyd’s broker who specialises in film insurance says his firm has not perceived a rise in losses.
Like the drugs trade, Cybercrime is not just a US issue
Last year, according to the Norton Cybercrime Report, global cybercrime cost an estimated $388bn. That's $100bn more than the cost of the global black market for marijuana, cocaine and heroin combined. And just like the world's drugs trade, cybercrime is…
Vienna Insurance Group sees premium growth of 9.5%
Vienna Insurance Group posted 9.5% premium growth in the in its preliminary full year results for 2012, published today.
Standard and Poor's commends Generali management strategy
Standard & Poor's has affirmed the 'A' long-term counterparty credit and insurer financial strength ratings of Italy-based Assicurazioni Generali and its "core" subsidiaries'.
Uniqa sells hotel assets to concentrate on insurance
The Uniqua Group has confirmed the sale of its interests in Austria Hotels International Group in order to focus on its core insurance business.
Hagen secures five more years as Vienna Insurance head
Peter Hagen has been reappointed chairman of the managing board of Vienna Insurance Group.
Vienna Insurance profits up 7% in first nine months
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.
Swiss Re's Hartmann to strengthen VIG Re board
Johannes Martin Hartmann has been appointed to the managing board of VIG Re with effect from 1 October.
Credit insurers Garant and ASEI enter partnership
Austrian political risk insurer Garant Versicherungs AG and state-owned export credit agency Asuransi Ekspor Indonesia have entered into a commercial partnership to improve the export credit and political risks cover available to their clients.
Vienna Group acquires QBE Makedonija
Vienna Insurance Group AG Wiener Versicherung Gruppe has signed an agreement to take a majority stake in Macedonian insurer QBE Makedonija.
Vienna Insurance to stop accepting paper shares
Vienna Insurance Group AG Wiener Versicherung Gruppe has commenced an invalidation procedure with regard to shares represented by paper certificates.
Uniqa posts earnings up 43.2%
The Uniqa Group has posted first-half earnings before tax up 43.2% to €106.5m (2011: €74.4m).
13% growth in CEE helps VIG Group profit grow 7%
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.
Vienna Insurance completes merger of Polish insurers
Vienna Insurance Group has completed the merger of non-life insurers InterRisk and PZM, concentrating its market presence in the core Polish market.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Vienna Insurance adds Polish life insurer to CEE portfolio
Vienna Insurance Group AG has acquired a 92% share in Polish life insurance company Towarzystwo Ubezpieczeń na Życie.
Vienna Insurance committed to CEE, but no return to Russia in the pipeline
Vienna Insurance Group's new chief has reiterated the firm's commitment to investing in central and eastern Europe.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Insurance boss receives major honour for services to local insurance industry
Günter Geyer, chairman of the managing board of Wiener Städtische Versicherungsverein, has received the Officer's Cross of the Order of Merit of the Republic of Hungary.
MGA Dual expands with new Austrian office
Dual Group, the underwriting arm of Hyperion Insurance Group, has announced that Dual Austria will open its doors in Vienna on 1 July fronted by liability specialist Hannes Puchner.
Dual opens Austria office
Dual, the underwriting arm of Hyperion Insurance Group, will open Dual Austria in Vienna on 1 July and liability specialist Hannes Puchner will head up the operation.