 MONTE
CARLO 2012 |
 XPRIMM's
review on 2012 Rendez-Vous de Septembre
by andreea.ionete@mxp.ro, 2012-09-13
The 2012 Rendez-Vous de Septembre athmosphere catched a rather tensioned
vibe during this year's meetings between insurers, reinsurers and
brokers in Monte Carlo. Thus, negotiations for the 2013 renewal season
tightened given the strong impact major catastrophic events had on
reinsurers 2011 financial results, while dealing also with the harsh
macroeconomic environment and the capital markets' volatility.
To better understand and follow the discussions and negotiation at
this year's meetings in Monte Carlo, check the headlines below:
 More
VILLNET:
Reinsurers went through crisis without any need for recapitalization
or State aid
More  Продолжение
Europe
needs to address the terrorism risk more carefully
More Продолжение
Worldwide
Nat Cat caused losses USD 26 billion in 1H/2012
More Продолжение
THIERRY:
Profitability in decline for reinsurers
More Продолжение
New
historical record in cat bonds in 2012
More
VIDEO: The
global insurance market went up by 4.8% in 2011, to EUR 3,300 billion,
while reinsurance business rose to EUR 160 billion
More Продолжение
Claude
TENDIL takes over from Jean-Philippe THIERRY as Chairman of the Rendez-vous
de Septembre Association
More Продолжение
SCOR
takes measures to counteract threats in the macroeconomic environment
More Продолжение
HANNOVER
Re: Low investment income pushed ahead technical pricing discipline
More Продолжение
LLOYD's:
EUR 107 billion paid for insured claims in 2011 for nat cat and man-made
disasters
More Продолжение
M&A
activity at its lowest in the last three years
More Продолжение
Solvency
II, a growth driver for life reinsurance business in Europe
More Продолжение
SWISS
Re expects moderately increasing re/insurance prices
More Продолжение
PHOTO
GALLERY: Monte Carlo 2012: Rating agencies still confident in reinsurers' stability
More Продолжение
MUNICH
Re expects a stable renewal season in 2013
More Продолжение
Low
level of insured cat losses in 2012, favorable impact on capital
growth and earnings
More Продолжение
VIDEO: Reinsurance
brokers estimate a "soft" season of renewals in 2013
More Продолжение |
| TOP
NEWS |
 PZU
interested in acquiring the majority stake in Slovenian TRIGLAV
by daniela.ghetu@mxp.ro, 2012-09-13
PZU's international expansion plans could address the Slovenian insurer
TRIGLAV, which is rumored to be for sale, announces PAP news agency
quoting Andrzej KLESYK, CEO PZU. "We
are waiting for the declaration of the Slovenian government about
how many shares it wants to sell," KLESYK said. "We clearly say that we are interested exclusively in a stake assuring over 50%
of the company."
More Продолжение
 TRIGLAV
Group: 22% profit growth in first-half 2012, to EUR 41.6 million
by daniela.ghetu@mxp.ro, 2012-09-04
In the first six months of 2012, the TRIGLAV Group earned a total
of EUR 523.6 million in insurance and co-insurance premium and recorded
a 22.1% profit growth, up to EUR 41.6 million. The disclosed net
profit of Zavarovalnica TRIGLAV as the controlling company was EUR
25.0 million. Zavarovalnica TRIGLAV will participate in the capital
increase of ABANKA subject to the fulfilment of conditions precedent.
More Продолжение
 UNIQA:
6.6% growth in the CEE markets, a driver for the positive earnings'
trend of the Group
by daniela.ghetu@mxp.ro, 2012-09-04
In the first half of 2012, UNIQA Group increased its profit on ordinary
activities by 43.2%, to EUR 106.5 million, while the consolidated
profit improved by 67.1% y-o-y to EUR 57.3 million. Doubling the
number to customers by 2020, to 15 million and improving its results
by up to EUR 400 million until 2015 as against 2010 are the current
targets of the Group. "We
are on track. However, we must press ahead with our efforts, as the
economic conditions are unlikely to provide any tailwind in the second
half of the year", said Andreas BRANDSTETTER, CEO of UNIQA .
More Продолжение
 PZU:
EUR 400 million, record net profit in 1H2012
by daniela.ghetu@mxp.ro, 2012-09-04
Gross premiums written by PZU Group in the first half of 2012 amounted
PLN 8.25 billion (~ EUR 1.93 billion), 7.5% up y-o-y. Net income
from investment activities increased by more than 41.2%, yielding
the first half of 2012 a record 10.6% higher net profit of PLN 1.72
billion (~ EUR 400 million). PZU remains leader of the Polish insurance
market, also in terms of profitability, with a return on equity (ROE)
was in this period reaching close to 26.8%, up by 2pp y-o-y.
More Продолжение
 Slovenian
SAVA Re Group posts EUR 10.3 million net profit in 1H
by vlad.boldijar@mxp.ro, 2012-09-13
SAVA Re Group recorded a profit at the half-year of EUR 10.3 million,
representing an increase of over 61% year-on-year, while, the reinsurance
company SAVA Re, ended the first half of 2012 with a net profit of
EUR 4.6 million, up 8.6% over the same period last year.
More Продолжение
 RUSSIA:
Insurers are interested in the implementation of international standards
ACORD
by olesea.adonev@mxp.ro, 2012-09-13
On August 23, 2012, representatives of the top Russian insurance
companies have signed a memorandum of agreement with ACORD (Association
for Cooperative Operations Research and Development) regarding implementation
of the international standards to the local insurance market, according
www.acordceo.org.
More Продолжение
 SERBIA:
Insurers will ask for MTPL minimum tariffs' increase
by lela.sakovic, 2012-09-13
This autumn, Serbian insurers will ask the Central Bank, the market
supervising authorithy, for an increase in policy prices of the compulsory
MTPL. The exact amount the insurers will request as a new minimum
price is still unknown, but the National Association of Insurers
confirmed that their expert services, together with representatives
of the Serbian motor insurers, already started conducting analyses.
The official request will be submitted to the National Bank of Serbia
as soon as the Association's Management Board will agree on the exact
amount needed for the minimum tariffs.
More Продолжение
 AZERBAIJANI
market almost doubled in H1
by vlad.boldijar@mxp.ro, 2012-09-13
Azerbaijan's overall insurance market totaled EUR 171.4 million for
the first half of 2012, informed the Ministry of Finance of Republic
of Azerbaijan, 98.8% more compared to January-June 2011. In terms
of paid claims, the market authority reports a 78.7% year on year
increase, the 28 market players' paying almost EUR 42 million.
More Продолжение
 BELARUS,
1H2012: The market continues its fast rise
by vlad.boldijar@mxp.ro, 2012-09-13
According to results published by the Belarusian Association of Insurers,
in 1H2012, total premiums in the insurance market rose in local currency
by over 120% year-on-year to BYR 1,966 billion. In European currency,
due the devaluation of BYR in relation to EUR, the insurance market
shows a moderate increase in terms of GWP: EUR 189.7 million, up
52.92% compared to 1H2011.
More Продолжение
 ESTONIA,
1H2012: Double digit increase in GWP
by vlad.boldijar@mxp.ro, 2012-09-13
Estonian insurance companies underwrote about EUR 176 million during
the first half of the current year, according to the figures published
by Financial Supervision Authority of Estonia, representing an 11.4%
increase compared to June 2011. Paid claims have increased by 1.2%
reaching EUR 99 million.
More Продолжение
 GEORGIA:
24% growth for the insurance market in 1H 2012
by olesea.adonev@mxp.ro, 2012-09-06
Georgian insurers posted underwritings worth GEL 233.9 mil (EUR 115
million) between January-June 2012, a 24.3% growth in national currency
as compared with the 1H 2011 results. Paid claims have increased
by 1.2% reaching GEL 118.2 million (EUR 58 million), according to
financial results published by the National Bank of Georgia.
More Продолжение
 KAZAKHSTAN,
1H2012: Life insurance went up to 19.5% of the total market
by vlad.boldijar@mxp.ro, 2012-09-13
Following the results of the first half of 2012, underwritings in
the Kazakhstan insurance market were KZT 94.07 billion, 7.95% lower
as compared with the similar period in 2011, reported the Insurance
Supervisory Agency in Kazakhstan. In European currency, insurance
companies in Kazakhstan have cumulated gross written premiums of
EUR 500.6 million, representing, because of the appreciation of the
local currency in relation to EUR, a nominal increase of about 3%.
More Продолжение
 KOSOVO
insurers 1H total premiums rise 4%
by vlad.boldijar@mxp.ro, 2012-09-13
The total premiums collected by the insurance companies operating
in Kosovo territory rose 4% in 1H2012, to EUR 39.58 million, Central
Bank data showed. This value was generated by the over 304 thousand
policies sold in the analyzed period, 60 thousand more compared to
January-June 2011. At the same time, the value of paid claims of
insurers amounted to EUR 13.92 million.
More Продолжение
 ROMANIA,
1H2012: Insurance market, close to EUR 1 billion
by alex.rosca@mxp.ro, 2012-09-06
Romanian insurance companies underwrote about EUR 1 billion during
the first half of the current year. Dominated by motor insurance
and taking into account of the falling exchange rate of the national
currency as reported to euro the Romanian market might reach a total
amount of EUR 1.8 billion by the end of the current year.
More Продолжение
|
| OTHER
NEWS |
| PRESS
CUTTINGS |
 |
| EDITORIAL |
 Au
revoir, Monte Carlo! Next stop, Baden Baden!
The 2012 edition of the Rendez-vous de Septembre, in Monte Carlo,
is ending today.
Joining, as every year, the experts attending the traditional meeting
in Monte Carlo, the XPRIMM team kept you to date with the most important
opinions and facts, as they were revealed during the professional
meetings. And somewhat not surprisingly, this year's meeting ended
with mixed impressions.
Read
More
daniela.ghetu@mxp.ro
|
| INTERVIEW |
 Eric
CLURFAIN
Head of Central Europe and EMEA at MetLife
Our current priority in CE is to effectively integrate MetLife and
AVIVA. Both MetLife and AVIVA employees will work together to integrate
the two companies, in order to ensure continuous business development.
In the future, we are committed to continuing development in the
CE region both by implementing an organic growth strategy and by
keeping a close eye on acquisition opportunities.
More
|
| POINT
OF VIEW |
 Guy
HUDSON
Partner
JLT Re
Reinsurance is essential for a motor portfolio. For the third party
liability losses there is the possibility for losses to occur in
EU countries that allow claims for Unlimited damages, therefore any
insurance company issuing motor third party liability in Romania
must buy an unlimited reinsurance protection.
More |
| STATISTIC
UPDATES |
|
