Turkey
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Brokerslink appoints new regional managers with Nart named Europe head
Brokerslink has appointed Denise Nart as regional manager for Europe and named other heads in Asia-Pacific and Africa. Ms Nart…
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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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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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US-China tensions should top corporate risk radars in 2021, warns Verisk Maplecroft
High geopolitical tensions are at risk of using corporates as collateral, warns a new report from intelligence firm Verisk Maplecroft,…
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Mapfre Global Risks posts big improvement in 2020 but Mapfre Re result down 71%
Mapfre Global Risks earned €15m last year, up 179% on the €19m loss in 2019 that was affected by several…
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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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S&P highlights top risks for global insurance industry
Most Covid-19-related losses such as business interruption and event cancellation will be picked up by reinsurers, according to S&P Global…
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Dutch law firm joins Global Insurance Law Connect network
The Dutch law firm WIJ advocaten BV has become the latest member of the Global Insurance Law Connect (GILC) legal…
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Turkish insurers’ financial strength ratings under pressure from sovereign rating negative outlook
Turkish insurers’ technical results are expected to improve in 2020, driven by a coronavirus pandemic-induced lower claims frequency in motor…
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Atradius says UK insolvencies will jump 27% in 2020
UK insolvencies are forecast to jump by 27% this year, slightly higher than the global average rise of 26%, finds…
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TMF Group’s index highlights global business complexity
Curaçao, Israel and the US are among the simplest jurisdictions in terms of their legislative environment, while Indonesia tops the…
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Global insolvency rates to rise 26% in 2020, says Atradius
Global corporate insolvencies are forecast to swell by 26% this year, with most booked to the second half of 2020…
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Terror threat spreads in 2020 with civil commotion risk rising in advanced economies: Aon
More countries face the threat of terrorism in 2020 than last year, with multinationals increasingly at risk from right-wing extremists,…
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Emerging markets face ‘unparalleled’ civil unrest as pandemic takes toll, warns Maplecroft
Some 37 countries are at risk of major civil unrest before the end of 2020 as the economic fallout from…
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Turkish insurance sector to see short-term rise in GWP
Following Covid-19, the Turkish insurance market is expected be larger than previously anticipated in 2020, according to GlobalData. Product diversification…
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Honda hit by cyberattack
Honda has been hit by a cyberattack that affected operations around the world, with most experts blaming ransomware. The Japanese…
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Chubb names marine head for Eurasia and Africa
Chubb has appointed Güney Çelik as its new head of marine for Eurasia and Africa. Based in Istanbul, Mr Çelik…
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Supply chain bottlenecks will hamper recovery from virus says Oxford Economics
Bottlenecks in European and global supply chains caused by the Covid-19 pandemic will significantly deepen the economic crisis faced by…
