Polish bank PKO is to buy AIG’s local actives

The second-largest Polish bank PKO BP, possessed by the state, negotiates for purchase of local branch of American insurer American International Group Inc. PKO management battles to the basic competitor in the Polish bank sector – Pekao, which is supervised by Italian financial group UniCredit. Concerning the purchase of actives AIG, PKO is not going […]

The more we build, the more we insure

During last five years the market of building risks insurance develops dynamically. In 2005 almost 80 % of building operations were insured, thus the cumulative insurance premium on construction risks insurance has made 5,3 billion rubles. For comparison, in 2000 the share of insured risks made only 30 %. In 2006 the market has grown […]

Latvian insurance market has increased by 13 %

According to the Latvian Insurers Association within ten months Latvian insurance companies’ premiums have increased by 13%(Ls35,2 million ) in comparison with the similar period of the last year. In general from January till October insurers have signed premiums for the sum Ls304,6 million. The sum of paid during this period premiums has grown much […]

Insurance giant AIG sells the division because of debts

German reinsurer Munich Re will buy HSB Group, belonging to the American International Group, for $742 in order to expand presence in the USA. Company Hartford Steam Boiler Inspection and Insurance which, provides a covering of a wide spectrum of risks, is HSB’s basic active. In 2007 after payment of taxes HSB’s profit has made […]

EU enters obligatory sea courts insurance

On October, 9th,  in Luxembourg Ministers of transport of 27 countries-members of the European Union have reached the agreement, according to which, reaching the seaports in territory of this regional organization captains of all without exception of courts will be obliged to show the ship insurance. In case of insurance certificate absence, the port administration […]

Crisis has struck on insurance giant AIG

Morris Grinberg, who has almost for 40 years supervised insurance company AIG, approves, that the company is “in crisis”, and insists on canceling of shareholders’ annual assembly. He stated this requirement in the letter to board of AIG directors, which copy is directed to the US Commission under securities and stock exchanges. Grinberg has emphasized […]

Vacation insurance

Therefore some insurance companies offer the concrete short-term programs, including medical and accident insurance. Insurance upon accident differs from vacation insurance by the form of payments. If in the first case insurance company compensates the means spent for treatment, within the limits of the insurance sum, at insurance upon accident the insurance sum (certainly if […]

Some facts about rise

Today Insurers already state satisfaction concerning expected annual results: 20-30% growth of premiums – it is preliminary forecast of classical insurance market development within the last year (on results of the first half-year, the volume of the collected premiums has on 28% exceeded similar parameter in 2006). According to experts’ estimations, current year also promises […]

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