http://www.lifeissafe.com Hot insurance news and articles Sun, 13 Dec 2009 21:57:06 +0000 http://backend.userland.com/rss092 en 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 ... http://www.lifeissafe.com/content/83 Affiliated company Vienna Insurance Group (VIG) in Czech Republic - reinsurance company VIG Re - has gained more than 280 million euro from the beginning of the activity (September, 2008). Company’s management expected, that only after three years of work the award of the reinsurer will reach 300 million euro. The group ... http://www.lifeissafe.com/content/90 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 ... http://www.lifeissafe.com/content/88 Since December, 15th, 12 Russian insurance companies have started sale of certificates of auto insurance for travel by car in countries of the Europe. Since January, 1st, "Green card" will become the obligatory document for travel practically in all countries, including Ukraine, Belarus and Moldova. Russian car owners, going abroad, will have ... http://www.lifeissafe.com/content/85 Since January, 1st, 2009, the governmental order of Moscow from August, 5th, 2008, 700 «About perfection of insurance system of premises in Moscow» certain some changes in conditions of insurance Since January, 1st, 2009 there will be certain changes in conditions of insurance. There will be increase in the size of ... http://www.lifeissafe.com/content/80 Chinese insurance industry, which volume makes $440 billion, faces great problems now. And even intervention of authorities does not rescue Chinese insurers and in terms of world financial crisis, growth of profit of these companies is not expected. One of the largest insurance companies of China Ping An Insurance Co has lost ... http://www.lifeissafe.com/content/78 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 ... http://www.lifeissafe.com/content/76 Insurance company American International Group Inc. (AIG) has come to agreement with company Aabar Investments PJSC, which headquarters is located in the United Arab Emirates, upon sale of affiliated division AIG Private Bank Ltd. Under the Aabar Investments' management of AIG Private Bank will become independent financial company, its main office ... http://www.lifeissafe.com/content/74 International rating agency "Fitch" has changed the forecast on ratings of 12 insurance and reinsurance markets from stable to negative. Considerable deterioration of conditions in the international financial market, affected balance indicators and financial flexibility of the insurance companies became the reason of change of the forecast. So, "Fitch" has changed the ... http://www.lifeissafe.com/content/72 Answering questions of journalists after a meeting with representatives of business circles in London, Belarusian vice Premier Andrei Kobyakov has declared that Belarus is to open the insurance market for foreign investors. Belarusian vice Premier has emphasized that insurance market will be one of those segments where the government will undertake ... http://www.lifeissafe.com/content/70