Austria
"Stagnating" Austrian market challenging for insurers
Austrian insurers face a challenging domestic market but should benefit from their strength in Central Eastern and South-Eastern Europe, Fitch said.
- 24 Apr 2013
VIG Re sees profit jump 17.8% in 2012
VIG Re reports, the reinsurance arm of Austria’s Vienna Insurance Group a 17.8% increase in pre-tax profit to €24.3m, for 2012
- 09 Apr 2013
Top five European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
- 09 Apr 2013
VIG acquires majority of QBE Makedonija
Austria's Vienna Insurance Group says is will become the number one insurer in the Macedonian market, following its acquisition of a majority stake in QBE Makedonija.
- 09 Apr 2013
VIG posts record profit for second year running
Vienna Insurance Group posted a 5.1% increase in profit before taxes to €587.4m in 2012, the highest profit in the company's history.
- 03 Apr 2013
Austrian lawyer annointed as Van Hulle successor
The European Commission has appointed Klaus Wiedner to replace Karel Van Hulle as head of unit dealing with pensions and insurance in the Internal Market Directorate General.
- 20 Mar 2013
Like the drugs trade, Cybercrime is not just a US issue
Last year, according to the Norton Cybercrime Report, global cybercrime cost an estimated $388bn. That's $100bn more than the cost of the global black market for marijuana, cocaine and heroin combined. And just like the world's drugs trade, cybercrime is not just a US problem.
- 30 Jan 2013
Vienna Insurance Group sees premium growth of 9.5%
Vienna Insurance Group posted 9.5% premium growth in the in its preliminary full year results for 2012, published today.
- 24 Jan 2013
Standard and Poor's commends Generali management strategy
Standard & Poor's has affirmed the 'A' long-term counterparty credit and insurer financial strength ratings of Italy-based Assicurazioni Generali and its "core" subsidiaries'.
- 24 Jan 2013
Uniqa sells hotel assets to concentrate on insurance
The Uniqua Group has confirmed the sale of its interests in Austria Hotels International Group in order to focus on its core insurance business.
- 18 Dec 2012
Hagen secures five more years as Vienna Insurance head
Peter Hagen has been reappointed chairman of the managing board of Vienna Insurance Group.
- 29 Nov 2012
Vienna Insurance profits up 7% in first nine months
Vienna Insurance Group has posted a 7% increase in group profit before taxes to €443.2m, in the first three quarters, driven by strong growth in Central and Eastern Europe.
- 27 Nov 2012
Swiss Re's Hartmann to strengthen VIG Re board
Johannes Martin Hartmann has been appointed to the managing board of VIG Re with effect from 1 October.
- 05 Oct 2012
Credit insurers Garant and ASEI enter partnership
Austrian political risk insurer Garant Versicherungs AG and state-owned export credit agency Asuransi Ekspor Indonesia have entered into a commercial partnership to improve the export credit and political risks cover available to their clients.
- 18 Sep 2012
Vienna Group acquires QBE Makedonija
Vienna Insurance Group AG Wiener Versicherung Gruppe has signed an agreement to take a majority stake in Macedonian insurer QBE Makedonija.
- 17 Sep 2012
Vienna Insurance to stop accepting paper shares
Vienna Insurance Group AG Wiener Versicherung Gruppe has commenced an invalidation procedure with regard to shares represented by paper certificates.
- 12 Sep 2012
Uniqa posts earnings up 43.2%
The Uniqa Group has posted first-half earnings before tax up 43.2% to €106.5m (2011: €74.4m).
- 30 Aug 2012
13% growth in CEE helps VIG Group profit grow 7%
The Vienna Insurance Group has posted a 7% increase in profit for the first half of 2012 compared to 2011, helped by a 13% growth in profit from Central and Eastern Europe.
- 23 Aug 2012
Vienna Insurance completes merger of Polish insurers
Vienna Insurance Group has completed the merger of non-life insurers InterRisk and PZM, concentrating its market presence in the core Polish market.
- 01 Aug 2012
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
- 24 Jul 2012
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