Poland
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Fitch expects central European buyers to face brunt of double-digit reinsurance cat rate rises
Fitch expects double-digit reinsurance rate increases for catastrophe cover at year-end renewals, with central European buyers set to be the…
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PERILS estimates losses of €311m from European storm Hendrik-Ignatz
PERILS estimates insured property losses of €311m from windstorm Hendrik-Ignatz that struck Europe in October. The Zurich-based insurance catastrophe-data firm…
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Eastern Europe braced for knock-on global insolvency risk, warns Atradius
Insolvency risk is likely to rise for eastern European businesses next year as governments withdraw Covid-19 fiscal measures, with 39%…
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Companies threatened by rising political interference in legal systems, warns Verisk
Forty-five countries recorded an increase in political interference in their legal systems during the past five years, making things even…
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McLarens partners with Polish firm Saltex to grow eastern European claims support
Claims manager and loss adjuster McLarens has formed a strategic alliance with Polish firm Saltex to boost its European footprint…
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Poland’s biggest insurer PZU urged to join European peers and exit coal
Poland’s biggest insurer PZU has been criticised by the Institute for Energy Economics and Financial Analysis (IEEFA), for continuing to…
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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…
