Russia
Analysis: Major events in the Russian insurance market in Q2 2012
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.
Generali acquires Region in Russia
Generali PPF Holding has bought 100% of the shares in insurance public stock company Region.
Flash floods in Russia kill 170 and cause severe damage
At least 170 people were killed when flash floods hit the Krasnodar region of southern Russia on 6 July after excessive rainfall.
Russian insurance market sees 'radical' changes
The Russian insurance sector is still young but is radically changing despite being fraught with challenges, according to a new report.
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.
Mutual insurer Standard Club exposes Russian weapons consignment
The Standard Club has helped to uncover a ship reportedly carrying refurbished attack helicopters from Russia to Syria.
Fitch affirms Rossiya ratings after restoration of motor licence
Fitch Ratings has affirmed OJSC Rossiya Insurance Company's insurer financial strength at 'B-' and national IFS rating at 'BB-' and removed them from rating watch negative.
Russia struggles to impose compulsory hazardous objects cover
It is almost five months since the new compulsory hazardous objects liability insurance came into force in Russia, and it has faced significant challenges to date.
EU stands firm on Iran shipping sanctions
The European Union has no intention of delaying the implementation of sanctions against ships carrying Iranian oil, and Europe could cope with any extra loss of Iranian crude exports stemming from these measures, EU Energy Commissioner Gunther Oettinger…
Rossiya on negative watch following licence suspension
OJSC Rossiya Insurance Company has had its B- insurer financial strength rating placed on negative watch by Fitch.
Sogaz opens in Serbia
Russian insurance firm Sogaz has opened its first foreign subsidiary in the Republic of Serbia.
Belarus targets regulatory overhaul of insurance market
A major overhaul of the Belarus insurance industry is being planned in an effort to close the gap between Belarus and its European neighbours, according to online news agency Xprimm.
Analysis: Major events in the Russian insurance market in Q1 2012
Problems in the motor insurance market, new legislation and major deals made the news in Russia for Q1 of 2012. Paul Koshik reports.
Credit card-linked insurance and assistance market worth €4bn in Europe
The market for packaging and cross-selling insurance and assistance policies linked to payment cards and bank accounts is lively and competitive in most European countries, according to research by consultancy firm Finacord.
Mayer leaves Aviva as part of management restructure
Igal Mayer has left Aviva as part of a mangement restructure to 'simplify' and 'focus' the business, after little more than a year in his role.
Insurance Insight – top 10 stories
The top 10 most popular articles on insuranceinsight.eu over the past seven days.
Liberty Mutual enters Russian P&C market with KIT acquisition
Liberty Mutual Insurance Group has acquired Russian insurance company KIT Finance Insurance allowing it to enter Russian's $21bn property and casualty market.
Lloyd's Russia office plan put on hold
Plans by Lloyd's to open a representative office in Russia have been shelved owing to lack of funds, according to a senior Lloyd's advisor.
London tops KPMG report for investment
KPMG's Global Cities Investment Monitor has shown that London remains the top city in the world for foreign investment.
Brics are not quick wins, says Lee
The emerging markets of Europe, the Middle East and Asia present "substantial opportunities", but insurers must be prepared to make a long-term commitment, according to RSA's chief executive officer.
Emerging markets present growth opportunities for energy firms
Despite geo-political turmoil, many economies now present increased growth opportunities for global energy companies due to decreasing political risk and improvements in legal and regulatory environments, according to risk analysis company Maplecroft.
JLT warns gas pipeline increases risks in Azerbaijan
The development of Trans-Anatolian gas pipeline in Azerbaijan could lead to an escalation of tension according to a report by JLT.
Portugal, Spain and Turkey lead the way in European banassurance
Banks are most important distributors of insurance in Portugal, Spain and Turkey, according to recent research.
Russian liability law pushes up insurance costs
Stringent new legislation on the management and insurance of plants dealing in hazardous materials in Russia could have far-reaching consequences for companies operating in the region, according to Marsh.