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Lloyd’s plans to expand presence in Europe

August 30th, 2008

Lloyd’s has submitted inquiry about reception of licenses about realization of activity in Austria, Portugal and Czech Republic.
As Enrico Bertana, Lloyd’s director in the Europe, marks, Lloyd’s is widely presented in the Western Europe. But they also realize opportunities which are offered by the market of the East Europe, on which presence Lloyd’s has the limited character.
Bertana has also added that in following year Lloyd’s will search for opportunities of coming to the new markets of the countries of the East Europe, such as Hungary, Romania and Turkey.
Let’s remind, in March of current year Lloyd’s management has appointed Vitold Yanush on the post of the representative in Poland. His primary goal was reception of the license.

Profit of Berkshire Hathaway reduced on 8 %

August 19th, 2008

Berkshire Hathaway Inc has declared that in II quarter its profit has reduced on 8 % because of deterioration of results of business of insurance.
The net profit of the insurance and investment company has reduced up to 2,88 billion dollars in comparison with 3,12 billion dollars in II quarter 2007.
The operational profit has decreased on 10 % – up to 2,27 billion dollars from 2,51 billion dollars in II quarter 2007.
The proceeds have grown on 10 % up to 30,09 billion dollars.
The profit of insurance business has fallen on 43 % – up to 360 million dollars though premiums have increased on 5 % – up to 6,23 billion dollars.
Incomes from investments in II quarter have grown on 3 % – up to 884 million dollars, and the profit on business except for insurance has grown on 4 % – up to 1,09 billion dollars.

American insurer Blue Cross has suffered from outflow of secret data

August 14th, 2008

Largest American medical insurance provider in state of Georgia – Blue Cross – has suffered from serious information leakage.
having studied the information about computer state experts of the analytical center of company Perimetrix have come to conclusion, that the firm is not able to arrange post dispatches and competently to test the software.
Blue Cross’s employees tried to send about 200 thousand letters to own clients; however, they have by mistake specified incorrect addresses on envelopes. According to Blue Cross representatives, the reason of a mistake relies in replacement certain «computer system», which new version has been tested not up to the end. In result of this mistake, addressees of letters have appeared under threat of theft of the person – in each envelope the weight of private data, including numbers of social insurance contained.
Except for outflow of financial data, now it is meaningful to speak about medical information outflow. In spite of the fact that these data have not been specified in letters directly, experts will manage to understand, what disease the present addressee of the letter suffered. Thus, Blue Cross has broken law requirements, demanding to protect the data making medical secret.

Ukraine: tourist $10 thousand insurance covering

August 8th, 2008

According to the insurance companies, in this season similar policies are bought 2 times more often, than earlier. Thus at trip abroad policies, which insurance sum does not exceed $10 thousand use the greatest popularity.
According to insurers, tour operators insist on inexpensive insurance as it reduces the price of cost of trip as a whole. But for the tourist the cheap policy can appear insufficient as it has a set of exceptions.
In Turkey, for example, medical services for last year have risen in price in 2 times, and cost of insurance policies essentially has not changed. Cases of the unfair attitude to the ill tourists from the personnel of hotels have also become frequent. The victim can direct to clinic which will demand payment by cash or will refuse cooperation with the insurance company. Therefore in emergency situations it is recommended to contact first of all with the assisting company, which phone is specified in the policy.

Turkish reinsurance broker Martin-Martin sig.ve reasurans brokerligi ticaret has opened its office in Ukraine

August 4th, 2008

Reinsurance broker Martin-Martin sig.ve reasurans brokerligi ticaret (Turkey, Istanbul) has opened representation in Ukraine, which is based in Kiev.
As “Ukrainian News” transfer, Martin-Martin sig.ve reasurans brokerligi ticaret specializes on granting of intermediary services in sphere of insurance.
In Ukraine the broker has received the status of financial establishment and has brought it in the corresponding register on November, 13th.  On April, 23rd, in Ukraine it has been registered 64 insurance and reinsurance brokers.


 

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