Austria
Geyer steps down as Vienna Insurance president
Günter Geyer is resigning after 11 years as chief executive of Vienna Insurance Group, having presided over the most profitable period in the group's history.
Tawa aquires Oberösterreichische Versicherung's run-off portfolio
Tawa's German subsidiary, Hamburger Internationale Rückversicherung AG, has taken over a reinsurance portfolio in run-off from Austrian insurer Oberösterreichische Versicherung AG.
Uniqa reports profits up 20% for Q1 2012
The Uniqa Group has reported profit up 20.2% in the quarter one of 2012 to €54.4m (Q1 2011: €45.2m).
Vienna Group posts 6% increase in pre-tax profits for Q1
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.
Q&A: Vienna Insurance Group CEO Gunter Geyer
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…
Litigation in Continental Europe may affect European insurers
Attempts to adapt local legislation to European Union and international law are creating a challenging environment for insurers operating in the region, according to Guy Carpenter.
Uniqa exits Germany as Continentale aquires Mannheimer
The Continentale insurance group has signed an agreement to acquire 92% of the shares of Mannheimer AG Holding from Austrian firm Uniqa.
Uniqa launches new motor products in Austria
Uniqa has launched a range of motor products in the Austrian market including a 'new car' product.
Vienna Insurance increases dividend after €559m record profit
Vienna Insurance Group's increased its profit by 10.1% to €559m, making 2011 the most profitable year in the group's history.
ISE 2012: Interest in cyber insurance 'overwhelming' in Europe
Speaking at Insurance Insight's inaugural Insurance Strategy Europe event, Jacob Ingerslev, European underwriting director for technology and cyber risks at CNA, said that interest from Europe in cyber crime insurance is growing rapidly.
New leadership for UNIQA's actuarial and underwriting life sector
UNIQA has appointed Rene Knapp as group head of corporate actuarial and Jaklin Thomas as head of underwriting for life insurance.
Uniqa sees 4.4% growth in 2011
Uniqa group as increased it premiums by 4.4% to €5.37bn (2010: €5.14bn) and in the growth markets in Eastern Europe by 6.5% €1.08bn (2010: €1,02bn).
Vienna Group expects €560m profit for 2011
Vienna Insurance Group estimates that it will have profit before taxes of €560m in 2011, the best result in the group’s corporate history.
Markel enters German market through joint Anglo venture
Markel International has signed a joint venture agreement with Anglo Underwriting and moved into Germany.
Vienna Insurance Group launches investor relations app
The Vienna Insurance Group AG Wiener Versicherung Gruppe has launched an Opad App.
Uniqa Austria board reduces to four as Holzhauser leaves
The UNIQA Austria board will be reduced to four members after sales director Werner Holzhauser left the company by mutual agreement.
Uniqa has ratings lowered to 'A-' despite ongoing restucturing
Austrian insurer Uniqa has had its rating dropped to 'A-' but with a stable outlook reflecting the fact it looks able to restore its capital adequacy in 2012.
Uniqa appoints new Austrian director
Diego Reichstamm has been announced as the new country director of Uniqa in Austria as of January 2012.
Vienna Group appoints head of marketing
The Vienna Insurance Group has appointed Bernhard Fauster head of group marketing with effect from 1 December 2011.
Vienna Group’s Kooperativa is best Czech financial services company
Vienna Insurance Group’s Czech subsidiary Kooperativa, was ranked the fourth best Czech businesses in the country's recently announced "Top 100” rankings.
UNIQA Austria expects full year losses of €300m
UNIQA Group Austria has revealed losses of €181m for the first nine months of 2011 due to significant significant one-off effects of write-downs of Greek government bonds and investments in the restructuring of the group.
AM Best assigns “A-“ ratings to Garant Versicherungs
Ratings service AM Best has assigned a financial strength rating of “A-“ (Excellent) and an issuer credit rating of “A-” to Garant Versicherungs-Aktiengesellschaft.
Vienna Insurance reports 4% premium increase for first nine months
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.
Torus adds senior members to European P&C team
Insurer Torus has made two senior appointments with the aim of strengthening its European property and casualty platform.