Poland
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AGCS returns to profit with turnaround ‘well underway’
A big reduction in Covid-19-related losses, price increases at renewals averaging 22% and withdrawal from loss-making business have driven a…
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Insolvencies to rise but Covid-19 armageddon in Europe likely avoided
Insolvencies of so-called ‘zombie’ companies kept afloat by government pandemic measures are still set to rise later this year and…
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Trade credit insurers ‘well prepared’ to go it alone as European backstops expire: AM Best
Insurers were “spared” from heavy trade credit losses in 2020 as governments across Europe stepped in as part of Covid-19…
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Underinsured drought risk expected to rise with climate change
The risk of drought is increasing in Europe and across the world, disrupting supply chains and causing losses for agricultural…
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UNIQA ‘on track’ with ambitious transformation programme
UNIQA, the leading Austrian insurance group, has reported strong growth in its international premium base in the first quarter of…
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VIG ‘continuing talks’ with Hungarian supervisor to close Aegon deal
Vienna Insurance Group (VIG) has said that it is “continuing talks” with the Hungarian Ministry of Finance, which surprisingly blocked…
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Generali Global Corporate & Commercial appoints global head of casualty underwriting
Generali Global Corporate & Commercial (Generali GC&C) has appointed Reto Arrigoni as its new global head of casualty underwriting. It…
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South Africa tops global list for business process services
In a boost to business confidence, South Africa has won an award as the top global location for business process…
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Allianz prosegue il piano di espansione paneuropea con l’acquisizione di Aviva Italia
Il gruppo assicurativo tedesco Allianz ha rimarcato la sua intenzione di continuare ad avere un ruolo centrale nel mercato assicurativo…
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Hungarian authorities block VIG’s acquisition of Aegon entities in Hungary
The sale of Aegon’s insurance, pension and asset management businesses in Hungary, Poland, Romania and Turkey to Vienna Insurance Group…
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Allianz to acquire Aviva Poland for €2.5bn
Allianz is to acquire Aviva Poland in a deal worth €2.5bn, making Allianz the fifth-largest insurer in Poland and consolidating…
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Allianz continues pan-European expansion plan with acquisition of Aviva Italia
German insurance group Allianz has signalled its intent to remain a serious player in the Italian insurance market through its…
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Austrian insurers continue CEE expansion despite Covid-19 profit drag
Leading Austrian insurers Vienna Insurance Group (VIG) and UNIQA both reported further strong growth in central and eastern Europe (CEE)…
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HDI International appoints new board members
HDI International has appointed two new management board members responsible for Latin America and for Europe, following the decision of…
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European firms name cyber as top risk for 2021 in AGCS poll
Cyber incidents have retained their position as the number one risk facing businesses in Europe during 2021, with business interruption…
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Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades
The world will be more unstable, less cooperative and more prone to crises this year, with the risk of interstate…
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Aegon sells central European businesses to Vienna Insurance Group
Aegon will exit Hungary, Poland, Romania and Turkey after agreeing to sell its insurance, pension and asset management business to…
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Wildfires destroyed record areas of natural land in Europe, says EC report
Wildfires destroyed record levels of land in 2019 as it became the worst year for forest fires globally, according to…
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AXA completes sale of operations in Poland, Czech Republic and Slovakia to UNIQA
AXA has completed the sale of its operations in Poland, Czech Republic and Slovakia to UNIQA Insurance Group for €1bn.…
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Atradius warns of increased trade credit risk in several Polish and Russian sectors
New country reports by Atradius warn that the credit risk outlook is bleak for the Polish automotive and transport sector…