Czech Republic News

European Flood Update – Losses in the Billions

Even as German Chancellor Schroeder met with other European leaders in Berlin on Sunday to find ways of dealing with the unprecedented floods sweeping across Eastern Europe, workers in Budapest struggled to contain the waters of the Danube from surging …

Partner Re Reports Claims from European Flooding Could Approach $100M

Bermuda-based PartnerRe Ltd. reports that claims from its exposures to flooding currently impacting Europe are expected to approximate $100 million. Over the past week, heavy rainfall has flooded much of eastern and central Europe. Precipitation in several areas is the …

European Insurers Expect Millions of Euros in Flood Claims

Many European insurers expect claims totaling millions of euros as flooding that has heavily damaged areas of the Czech Republic and Austria now threaten eastern Germany. Reuters reports that several European insurers’ financial standings are already precarious due to claims …

New Swiss Re sigma Study: Insurance Industry in Central and Eastern Europe — Current Trends and Pro

The latest sigma study from Swiss Re provides a detailed overview of Central and Eastern European insurance markets with an analysis of the latest developments in life and non-life insurance in 27 countries, including the CIS, and on progress among …

Allianz May Acquire Stake in Czech Insurer

Germany’s Allianz is in talks with the Czech government concerning the acquisition of its 30 percent holding in the country’s biggest insurance group, Ceska Pojistovna. The move would further strengthen Allianz’ rapidly growing operations in Eastern Europe. CP has 43 …