VIENNA, Austria — Wiener Stadtische Versicherung A.G., also known as Vienna Insurance Group, has acquired a majority stake in a Polish non-life insurer, TU Polski Związek Motorowy S.A., the Vienna-based insurer announced. Wiener Stadtische has a 75% stake in the Warsaw-based insurance...
Richard Miller (mailto:rmiller@bieurope.com)
MUNICH, Germany— Allianz S.E. has taken full control of its Russian subsidiary ROSNO Group, the German insurer said. Munich-based Allianz in Munich announced it had signed a purchase agreement with Russian conglomerate Sistema, to increase it stake in ROSNO, the fourth-largest Russian insurer,...
MUNICH, Germany— Several European insurers are among the some 100 companies that endorsed Tuesday a formal statement to fight against climate change caused by people and businesses. Germany's Munich Reinsurance Co., Swiss Reinsurance Co. in Zurich, and Munich-based Allianz S.E. are among the...
LONDON - Aon Re Global, a subsidiary of Chicago-based Aon Corp., has made executive appointments to its newly formed Europe-Middle East-Africa unit and in the United Kingdom, the company announced Wednesday. Aon Re Global's European operations have been combined with those in Israel, Bahrain and...
LONDON - Fitch Ratings Ltd. estimates that the number of core nonlife insurance groups in Russia is likely to decrease to 12 to 15, from 20, in the next two to three years, the ratings agency said in a special report. The increasing concentration in Russia's non-life segment is driven by the...
BRUSSELS—In order to facilitate the development of insurance under the European Union’s Environmental Liability Directive (2004/35/EC), an expert working group of the Paris-based Comité Européen des Assurances is discouraging some member states from adopting legislation that goes “far beyond...
BRUSSELS—In order to facilitate the development of insurance under the European Union’s Environmental Liability Directive (2004/35/EC), an expert working group of the Paris-based Comité Européen des Assurances is discouraging some member states from adopting legislation that goes “far beyond...
ZURICH, Switzerland—Risk Management Solutions, the U.S.-based natural hazard risk modeler, has acquired HailCalcEurope, the first fully probabilistic hail loss simulation software for Europe, the company announced Monday. The model was built by a team of meteorologists in conjunction with...
