Insurance Journal » Slovakia http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Thu, 23 May 2013 00:47:28 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Swiss Re is ‘Well Placed’ for Baden-Baden Renewal Discussions http://www.insurancejournal.com/news/international/2010/10/25/114296.htm Sun, 24 Oct 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=114296 Swiss Re has issued a bulletin noting that it is “well placed for the upcoming 2011 renewal negotiations with its European clients.” The talks, which begin this week in the German resort of Baden-Baden, bring together brokers and reinsurers (and …

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]]> QBE Europe Promotes Tonchev and Jenny http://www.insurancejournal.com/news/international/2010/07/13/111513.htm Mon, 12 Jul 2010 00:00:00 +0000 http://www.insurancejournal.com/?p=111513 QBE’s European division announced that Petko Tonchev has been promoted to General Manager for Central and Eastern Europe and Felix Jenny will take up the interim position of General Manager of QBE‟s German operation. Both roles are effective immediately. They …

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]]> Allianz Names Bauer to Head Europe, Middle East ‘Growth Region’ http://www.insurancejournal.com/news/international/2009/12/31/106305.htm Wed, 30 Dec 2009 00:00:00 +0000 http://www.insurancejournal.com/?p=106305 Allianz annonced that, effective January 1, 2010, Manuel Bauer will be CEO of the new growth region – ‘Central and Eastern Europe, Middle East and North Africa’ (CEEMA). He succeeds Klaus Junker, former CEO of the New Europe region, who …

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]]> Heavy Rains Trigger Flooding in Central Europe http://www.insurancejournal.com/news/international/2009/07/01/101890.htm Tue, 30 Jun 2009 00:00:00 +0000 http://www.insurancejournal.com/?p=101890 According to a report from Risk Management Solutions, last week’s extremely heavy rainfall, which continued for three days over Central Europe, triggered severe flooding across parts of the Czech Republic, Germany, Poland and Austria and putting Hungary on a high …

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]]> S&P Withdraws, Affirms Ratings of Several ‘Minor AIG Subsidiaries’ http://www.insurancejournal.com/news/international/2009/02/05/97614.htm Wed, 04 Feb 2009 00:00:00 +0000 http://www.insurancejournal.com/?p=97614 Standard & Poor’s Ratings Services has announced various ratings actions on several subsidiaries of the American International Group. “These actions follow AIG’s decision to revise or terminate guarantees,” explained credit analyst Rodney Clark. “The guarantees had provided the basis for …

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]]> Aon: Economic Crisis Heightens Political Risk http://www.insurancejournal.com/news/international/2009/01/28/97389.htm Tue, 27 Jan 2009 00:00:00 +0000 http://www.insurancejournal.com/?p=97389 2009 will see the political consequences of the global credit crunch start to have an impact, according to the 16th annual Political Risk Map, launched today by Aon Risk Services, a division of Aon Corporation. In a global webcast, Aon’s …

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]]> Climate Change Raises 2008 Cat Losses to $200 Billion Says Munich Re http://www.insurancejournal.com/news/international/2008/12/31/96659.htm Tue, 30 Dec 2008 00:00:00 +0000 http://www.insurancejournal.com/?p=96659 Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008′s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) and …

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]]> Munich Re 2008 Catastrophe Report Cites Role of Climate Change http://www.insurancejournal.com/news/international/2008/12/30/96639.htm Mon, 29 Dec 2008 00:00:00 +0000 http://www.insurancejournal.com/?p=96639 Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008′s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) …

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]]> Alliant Launches Political & Economic Risk Indices, Ratings on Bloomberg http://www.insurancejournal.com/news/international/2008/07/23/92131.htm Tue, 22 Jul 2008 00:00:00 +0000 http://www.insurancejournal.com/?p=92131 Alliant Emerging Markets announced the expansion of its risk analytics and advisory services by launching a source of political and economic risk indices and ratings available to banks, investments banks, private equity, F500 and hedge funds. Alliant’s risk analytics began …

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]]> Willis Strengthens Presence in Hungary by Acquiring Joint Venture http://www.insurancejournal.com/news/international/2008/07/14/91872.htm Sun, 13 Jul 2008 00:00:00 +0000 http://www.insurancejournal.com/?p=91872 Global insurance broker Willis Group Holdings said it has acquired 100 percent of Willis Kft, its joint-venture operation in Hungary, by purchasing the 20 percent stake of its local broker partner, Erix. The deal was completed on June 30, 2008. …

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]]> RMS Puts Emma Losses at $458 Million to $1.1 Billion http://www.insurancejournal.com/news/international/2008/03/05/87951.htm Tue, 04 Mar 2008 00:00:00 +0000 http://www.insurancejournal.com/?p=87951 Risk Management Solutions released preliminary loss estimates, following an analysis of the insured exposure from Windstorm Emma (See IJ web site – http://www.insurancejournal.com/news/international/2008/03/04/87878.htm) RMS indicated that they would probably range from €300 million ($458 million) to €700 million ($1.068 billion). …

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]]> European Risk Managers, Industry Face New and Not so New Challenges http://www.insurancejournal.com/magazines/features/2008/01/27/155558.htm Sun, 27 Jan 2008 00:00:00 +0000 Charles E. Boyle http://www.insurancejournal.com/?p=155558 FERMA conference highlights growing importance of risk management in complex global business environment The insurance industry’s “traditional model” has become outdated and is so abstruse that the industry’s ability to compete is being jeopardized. European risk managers face the same …

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]]> Guy Carp’s New Czech Flood Model http://www.insurancejournal.com/news/international/2007/11/16/85073.htm Thu, 15 Nov 2007 00:00:00 +0000 http://www.insurancejournal.com/?p=85073 Guy Carpenter & Company, LLC announced that its Instrat ® unit has introduced a new, fully probabilistic flood model for the Czech Republic. “The model provides insurers with a reliable, high-quality set of tools for managing potential exposures in one …

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]]> FERMA Conference Opens in Geneva http://www.insurancejournal.com/news/international/2007/10/02/83943.htm Mon, 01 Oct 2007 00:00:00 +0000 Charles E. Boyle http://www.insurancejournal.com/?p=83943 More than 1200 participants assembled Monday morning at Geneva’s International Conference Center for the fifth Forum of the Federation of European Risk Management Associations (FERMA). Delegates were welcomed by Pierre-François Unger, president of the State Council of the State of …

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]]> Fires Rage Out of Control in Greece http://www.insurancejournal.com/news/international/2007/07/27/82090.htm Thu, 26 Jul 2007 00:00:00 +0000 http://www.insurancejournal.com/?p=82090 Massive fires raged out of control across Greece on Thursday, after killing three people overnight in the south, burning through villages and forests and stretching firefighting services to the limit. Greek Prime Minister Costas Karamanlis appealed to Russian President Vladimir …

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]]> Business Moves http://www.insurancejournal.com/magazines/business-moves/2007/06/04/154179.htm Sun, 03 Jun 2007 00:00:00 +0000 http://www.insurancejournal.com/?p=154179 Cadence, Strategic Independent Agents Alliance Cadence Insurance Services of Colorado Springs, Colo., became a member of the Strategic Independent Agents Alliance, a network of independent insurance agencies. Cadence Insurance Services joined the ICA Agency Alliance Master Agency network in Colorado …

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]]> ACE Europe Opens Offices in Hungary and Czech Republic http://www.insurancejournal.com/news/international/2007/05/21/79881.htm Sun, 20 May 2007 00:00:00 +0000 http://www.insurancejournal.com/?p=79881 The ACE European Group has opened two new offices in Budapest, Hungary and Prague, Czech Republic, as part of its expansion plan for Central and Eastern Europe. Peter Dudas will head ACE’s Hungarian operation as General Manager for the country. …

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]]> Generali, PPF Create Joint Insurer for Eastern Europe http://www.insurancejournal.com/news/international/2007/04/27/79023.htm Thu, 26 Apr 2007 00:00:00 +0000 http://www.insurancejournal.com/?p=79023 Italy’s Generali Group has concluded an agreement with PPF Group N.V., an international financial group, headquartered in Amsterdam, Netherlands, which is 95 percent controlled by Petr Kellner, a Czech entrepreneur with a strong track record of success. PPF Group in …

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]]> Allianz Kyrill Losses Around $452 Million http://www.insurancejournal.com/news/international/2007/01/31/76463.htm Tue, 30 Jan 2007 00:00:00 +0000 http://www.insurancejournal.com/?p=76463 Germany’s Allianz Group announced that “based on the current state of knowledge,” it estimates net claims of around €350 million ($452 million) before taxes. “The amount of claims is within the scope of expectations based on Allianz’s risk modeling systems, …

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]]> U.S., Swiss and EC Approve AXA’s Acquisition of Winterthur; Executive Appointments http://www.insurancejournal.com/news/international/2006/09/08/72224.htm Thu, 07 Sep 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=72224 France’s AXA Group has received approvals from U.S., Swiss and the European Commission antitrust authorities for its CHF12.3 billion ($9.89 billion) agreement to acquire Winterthur Swiss Insurance Co. from Credit Suisse, its current owner. AXA said that “subject to the …

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]]> Generali Signs Deal to Acquire 51% Stake in Bulgaria’s Orel-G Holding http://www.insurancejournal.com/news/international/2006/07/11/70227.htm Mon, 10 Jul 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=70227 It’s not just the Italian Football (soccer) team that’s in an expansive mood. Italy’s Generali Group announced that it has signed an agreement for the acquisition of a 51 percent shareholding in Bulgarian insurer Orel-G Holding AD. The shares will …

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]]> Floods Hit Eastern Europe http://www.insurancejournal.com/news/international/2006/04/03/66967.htm Sun, 02 Apr 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=66967 Spring floods have forced the evacuation of thousands of people from low lying areas in the Czech Republic, Slovakia and parts of Eastern Germany, as rivers, swollen by rains and melting snow inundated a number of towns and villages. 6 …

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]]> Euler Hermes Issues Global 2006 Economic Assessment http://www.insurancejournal.com/news/international/2006/01/05/63737.htm Wed, 04 Jan 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=63737 Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …

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]]> European Organization Tackles Health Care Fraud; Gee to Head EHFCN http://www.insurancejournal.com/news/international/2005/10/10/60675.htm Sun, 09 Oct 2005 00:00:00 +0000 http://www.insurancejournal.com/?p=60675 Health care fraud is of as much concern in Europe as in the U.S. That’s the message from the second annual European Healthcare Fraud and Corruption Conference. The European Healthcare Fraud and Corruption Network (EHFCN) brought together healthcare organizations and …

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]]> AEGON to Sell Life Insurance Through Banks in China http://www.insurancejournal.com/news/international/2005/07/25/57556.htm Sun, 24 Jul 2005 00:00:00 +0000 http://www.insurancejournal.com/?p=57556 AEGON-CNOOC Life Insurance Company Ltd., the 50/50 joint venture of AEGON with China National Offshore Oil Corporation (CNOOC), has signed national cooperation agreements with two leading banks in the People’s Republic of China: the Industrial and Commercial Bank of China …

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]]> AIG Europe Licensed in Georgia http://www.insurancejournal.com/news/international/2005/06/09/55820.htm Wed, 08 Jun 2005 00:00:00 +0000 http://www.insurancejournal.com/?p=55820 American International Group Inc. announced that its wholly owned subsidiary, Paris-based AIG Europe, S.A., has received approval from the Insurance State Supervision Service of Georgia for the establishment of a branch in Tbilisi, Georgia. “The AIG Companies are well established …

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]]> AEGON 9-Month Net Income up 62% to $1.6 Billion http://www.insurancejournal.com/news/international/2004/11/15/47690.htm Sun, 14 Nov 2004 00:00:00 +0000 http://www.insurancejournal.com/?p=47690 Dutch financial services and insurance group AEGON N.V, reported strong increases in its results for the first nine months of 2004 with net income up almost 62 percent for the period to 1.238 billion euros ($1.6 billion), compared to 764 …

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]]> Lloyd’s Authorized to Conduct Business in 8 New EU Member Countries http://www.insurancejournal.com/news/international/2004/05/10/42006.htm Sun, 09 May 2004 00:00:00 +0000 http://www.insurancejournal.com/?p=42006 Lloyd’s Chairman Lord Peter Levene announced that the U.K.’s Financial Services Authority (FSA) has given Lloyd’s authorization to write direct business in eight of the new European Union accession countries (See IJ Website May 3). Lloyd’s said the new licenses …

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]]> EU Expands to 25 Countries http://www.insurancejournal.com/news/international/2004/05/03/41774.htm Sun, 02 May 2004 00:00:00 +0000 http://www.insurancejournal.com/?p=41774 May first marked the most important expansion of the European Union in its 50 year history, as 10 countries joined the 15 existing members to create an economic block of 455 million people stretching from the Western shores of Ireland …

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]]> Aegon Reports 16% 2003 Profit Rise to $2.187 Billion http://www.insurancejournal.com/news/international/2004/03/15/40103.htm Sun, 14 Mar 2004 00:00:00 +0000 http://www.insurancejournal.com/?p=40103 Aegon, the Netherlands’ insurer and financial services giant, reported fourth quarter net income rose 32 percent to 470 million euros ($573 million), while full year earnings rose 16 percent to 1.793 billion euros ($2.187 billion). In 2002 Aegon earned 355 …

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