Slovenia News

Slovenian Woman Sentenced for Cutting Off Her Hand for Insurance Payout

A court in Slovenia on Friday sentenced a 22-year-old woman to two years in prison for deliberately cutting off her hand with a circular saw to make a fraudulent insurance claim. The district court in Ljubljana said Julija Adlesic agreed …

Record Flooding Impacts Southeast Europe: AIR Analysis

According to catastrophe modeling firm AIR Worldwide, Southeast Europe is experiencing record levels of flooding after three months’ worth of rain fell in just three days. The report cited the “many landslides” that have covered roads, homes, and villages, as …

Malta, Slovenia Risk Management Associations Join FERMA

The risk management associations of Malta (MARM) and Slovenia (SI.RISK) have been accepted as the latest members of the Federation of European Risk Management Associations (FERMA). Their adhesion brings to a total of 19 the number of countries whose risk …

Swiss Re is ‘Well Placed’ for Baden-Baden Renewal Discussions

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 …

Allianz Names Bauer to Head Europe, Middle East ‘Growth Region’

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 …

Aon: Economic Crisis Heightens Political Risk

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 …

Generali, PPF Create Joint Insurer for Eastern Europe

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 …

S&P Says Sava Re Ratings Unaffected by Recent Acquisitions

Standard & Poor’s Ratings Services stated that “its ratings and outlook on Slovenia-based reinsurer Pozavarovalnica Sava, d.d. (Sava Re – BBB+/Stable/–) are unaffected by the Jan. 4 announcement that Sava Re has acquired 53.65 percent of the third-largest Macedonia-based insurer, …

Generali Signs Deal to Acquire 51% Stake in Bulgaria’s Orel-G Holding

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 …

Europe Seeks Strategies to Cope with Rising Costs from Aging Population

Europe is facing an immense demographic challenge that will cuts its growth rate substantially and strain its public finances as its baby boomers retire and life expectancy increases, although some countries have taken steps to address the aging population. A …