Generali
Q&A: Frank Weinreich, Liberty Syndicates
Frank Weinreich, regional manager for reinsurance for Central and Eastern Europe at Liberty Syndicates, pictured, spoke to Stephanie Denton with a reinsurance point of view on trends in CEE, claims levels and the future of brokers in the region.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
Fitch says insurer solvency rebound does not make them safer
Rating agency Fitch has claimed that a rebound in the solvency ratios of European insurers reflects the recovery in sovereign bond markets, rather than any underlying improvement to insurers' balance sheets.
Generali profit hit by €1,017m one-off impairments
Generali posted reduced profits for the full year 2011 due to impairments from Greek write-downs and its Telco investment to the tune of €1,017m.
Generali sells 69.1% of Israeli Migdal for €835m
The Generali Group has agreed to sell its entire 69.1% holding in Migdal Insurance and Financial Holdings to Shlomo Eliahu, founder and controlling shareholder of the Israeli financial Group Eliahu.
Generali reports 5.5% fall in premiums
Italy-based insurer Generali reported a 5.5% reduction in premiums for the full year 2011, despite the solid performance of the non-life segment.
Lancashire reveals $35m exposure to Costa Concordia
Lancashire Holdings has revealed, based on an industry loss of $850m, its exposure to the January Costa Concordia cruise ship loss is estimated to be approximately $35m net of reinsurance and reinstatement premiums.
Moody’s takes action against insurance groups exposed to Italy and Spain
Moody's has taken action on several European insurance groups and related entities to reflect the increased financial risks stemming from their operating and investment exposure to weakened European sovereigns and banks, and the ratings agency's…
News analysis: Management buyouts on the rise as teams tire of waiting
Following MBOs at Europ Assistance and A&A Group, could 2012 see a rise in such deals?
Thirty insurers linked to Costa Concordia disaster
More than 30 insurers are likely to carry the cost of stricken Costa Concordia cruise ship.
Generali could be downgraded if Italy's IDR falls any lower
A further sovereign downgrade for Italy is likely to result in a downgrade for Italian insurer Assicurazioni Generali, ratings agency Fitch has said.
Weakened capital adequacy behind Generali downgrade
Standard & Poor's has lowered its long-term counterparty credit and insurer financial strength ratings on Italy-based Assicurazioni Generali SpA and its related core entities to 'A' from 'A+'.
S&P warns about Aviva, Allianz and Axa
Standard & Poor’s has issued a series of warnings about major insurers’ exposure to the euro debt crisis.
Q&A Asia: Generali
As part of Insurance Insights new remit to cover Asia, Assicurazioni Generali’s deputy general manager Valter Trevisani (pictured) spoke to Francesca Nyman to discussed the insurer’s plans there.
Marine hull insurers await rating impact in wake of cruise ship sinking
The Costa Concordia cruise ship disaster has been called the largest insurance loss in maritime history with some suggesting it could be “bigger than the Titanic”.
Axa SA and Ace believed to be vying for HSBC
Axa SA and Ace are believed to be in the final running for HSBC Holdings’s non-life insurance operations.
Mapfre, Generali and CCR downgraded following sovereigns
A raft of European insurers including Italy-based Generali and Spanish insurer Mapfre were downgraded by Standard and Poor’s yesterday.
Insurance fraud increases seven-fold in the Czech Republic
Insurance fraud is seven times higher in the Czech Republic than before the economic crisis according to internal figures from Generali.
Generali, RSA and XL Group believed to insure stricken cruise ship
The Costa Concordia, which ran aground on Friday, is believed to have been insured by companies including RSA Insurance Group, Assicurazioni Generali SpA, and XL Group.
Oman Insurance Company appoints new senior management team
Oman Insurance Company has appointed a new senior management team.
Chartis and Generali back launch of Chinese aggregator site
CNinsure, an independent insurance intermediary company operating in China, has launched a comparison website under the name of Baowang (www.baoxian.com).
Axa and Japan Post ranked world's largest insurers
French insurer Axa once again came top of AM Best’s ranking of the world’s 25 largest insurance companies as measured by net premiums written, while Japan Post Insurance Company led the ranking measured by nonbanking assets.
Generali's German subsidiaries downgraded
Generali Group's three German non-core subsidiaries have been downgraded by Fitch, following the downgrade of their parent company.
AM Best downgrades Generali ratings
AM Best is taking rating actions on a number of European reinsurers following the continued negative developments regarding the eurozone sovereign debt crisis.