Insurance Industry

VIG: Acquisition of QBE Makedonija completed

Vienna Insurance Group (VIG) new market leader in Macedonia

April 9, 2013

VIG: Drastic Downsizing Measures in Romania

Because of increasing losses 450 employees will be made redundant.

April 4, 2013

Austria: Insurance Company Allianz Gains Profits

Allianz Austria was able to continue its upward trend and gained around 20,000 new customers in 2012.

March 5, 2013

Uniqa: Out of the Red

The Austrian insurance group generates EBT of €205.4 million, up 44.9 per cent compared to 2010. Consolidated profit totals €130.2 million.

February 22, 2013

Generali to Expand into CESEE Region

The Italian insurance group wants to strengthen its market presence in central, east and southeast Europe. The minority stake in the Czech insurer PPF will be acquired.

January 8, 2013

Poland Promotes Privatizations

This year, Poland´s revenues from privatizations total more than € 2.3bn.

December 30, 2012

RZB: „Hypo Group Is No Issue“

Walter Rothensteiner, CEO of Austrian RZB (Raiffeisen Zentralbank) will not bid for Hypo Group´s subsidiaries.

December 21, 2012

Uniqa Sells Hotel Investments

The Uniqa Group is selling its hotel investments from the Austria Hotels International Group to an investor group headed by Oliver W. Braun (also including Günter Kerbler, Johann Kowar and others).

December 18, 2012

Zavarovalnica Maribor Remains Slovenian

The Slovenian insurance company was taken over by the Sava Re. NKBM has to increase its equity quota.

December 11, 2012

Slovenia: Austrian Grawe Will not Take Over ZM

The second-biggest Slovenian bank NKBM (Nova Kreditna Banka Maribor) sells its interest in the insurance group Zavarovalnica Maribor (ZM). Sava Re negotiates with NKBM already.

November 30, 2012

Uniqa: Earnings and Net Income Improved Substantially

EBT improved to € 152.4m. Company plans EBT of approximately € 200m for business year 2012.

November 28, 2012

Allianz: Austria´s Economic Position Improves

According to the German insurance group, the economic situation of ten out of 17 Eurozone member countries has worsened. Austria could make up one place.

November 26, 2012

VIG: Satisfying Results Ahead

Next Tuesday, Vienna Insurance Group will publish its results for the first nine months of 2012.

November 23, 2012

Zavarovalnica Maribor Sale: Slovenia Under Pressure

The Slovenian bank NKBM has to sell its stake in the second-biggest Slovenian insurance company Zavarovalnica Maribor (ZM). The sale proves difficult.

November 21, 2012

VIG Considers Expanding Further

Vienna Insurance Group has cash reserves of € 1.5bn. Now, the insurance group wants to take over some small or medium-sized companies.

October 24, 2012

Grawe Bids for Zavarovalnica Maribor

The Austrian insurance group wants to take over the Slovenian insurer Zavarovalnica Maribor (ZM). ZM´s management prefers Slovenian bidders.

October 10, 2012

Slovenia: Second-Largest Insurance Group to be Sold

The Austrian Uniqa Group and Grazer Wechselseitige Versicherung (Grawe) are interested in Zavarovalnica Maribor (ZM):

October 8, 2012

UNIQA Group: S&P Confirms Rating

S&P confirms "A-" ratings on the operational UNIQA core companies. Outlook remains "stable".

October 3, 2012

Vienna Insurance Group Becomes Market Leader in Macedonia

After the acquisition of QBE Makedonija, Vienna Insurance Group ranks first in the Macedonian insurance market.

September 17, 2012

„Becoming Number Five Until 2015“

In an interview with the Austrian newspaper „Presse“, Uniqa´s CEO Andreas Brandstetter is optimistic to become a big player in the insurance industry in the CESEE region.

September 15, 2012

UNIQA Establishing Market-Friendly Group Structure

The Austrian insurance group aims to create a new, streamlined Group structure to prepare for the Re-IPO.

September 11, 2012

Uniqa Records Strong Results

Today, the Austrian insurance group announced an increase in EBT by 43.2% to € 106.5m. Consolidated profit increases by 67.1% to € 57.3m. Recurring premiums are up 0.8% to € 2,583.0m.

August 29, 2012

Uniqa´s Net Income Expected to Triple

According to German Berenberg Bank, the Austrian insurance group should increase net income to € 22m from € 7m in the second quarter of 2012.

August 28, 2012

VIG Aims to Expand in Poland

Vienna Insurance Group is interested in the Polish subsidiaries of ING and Aviva. However, there are no sales plans yet.

August 23, 2012

VIG to Grow in Hungary

Vienna Insurance Group intends to expand into Hungary. The Eastern neighbor country is the favorite growth market, the Austrian insurance group said.

August 22, 2012

VIG: Moderate Increase in Premiums and Earnings

In the first half of 2012, Vienna Insurance Group´s premiums grew to about € 5.3 billion (plus 11.7 percent). The group profit (before taxes) surpasses the 300-million-euro threshold (plus 6.9 percent to € 301.7m).

August 22, 2012

Uniqa Interested in NKBM´s Insurance Subsidiary

The Austrian insurance group aims to grow in Slovenia. The financially stricken bank sells a 51% stake of the insurance business.

August 21, 2012

Allianz Austria: Stable Earnings and Rising Premium Income

In the first quarter of 2012, Allianz Austria recorded a 24% slump in earnings. Pre-tax profits grew slightly.

August 21, 2012

VIG: Stable Results Ahead

Next Wednesday, Vienna Insurance Group publishes its half-year results. Analysts predict a slight growth in premium income.

August 20, 2012

VIG Streamlines its Market Presence in Poland

Vienna Insurance Group announced that the merger of InterRisk and PZM is completed.

August 1, 2012

Bawag and Generali Extend Cooperation

The Austrian bank, which is owned by the U.S. investment funds Cerberus and Generali agreed on extending the cooperation until 2023.

July 23, 2012

Vienna Insurance Group: Still Growth Potential in CESEE

VIG´s new CEO Peter Hagen aims to achieve external as well as internal growth. The process of catching up will go on.

July 20, 2012

€ 500m Cash Capital Increase by Uniqa Completed

Upon termination of the subscription offer, Austrian UNIQA Versicherungen AG has placed all 47,619,048 new shares offered in the cash capital increase.

July 13, 2012

Stable Development in Austrian Insurance Sector

The Austrian Financial Market Authority (FMA) recorded a minor increase in the premium volume in the first quarter of 2012.

June 30, 2012

Uniqa Completes Sale of Mannheimer Group

The Austrian insurance group Uniqa completed the sale of the Frankfurt listed company Mannheimer AG Holding to Continentale Versicherungsverbund. Growth in CESEE countries should be strengthened.

June 29, 2012

VIG Completed Polisa Life Acquisition in Poland

The Vienna Insurance Group AG is the new owner of the Polish life insurance company Towarzystwo Ubezpieczeń na Życie "POLISA-ŻYCIE" S.A. With this transaction, the VIG has acquired about 92 percent of the life insurer.

June 28, 2012

Uniqa Initiates Cash Capital Increase

The Austrian insurance company improves its equity base via a Re-IPO. The size of cash capital increase reaches € 500m.

June 26, 2012

VIG to Invest in CEE Real Estate

The Vienna Insurance Group intends to invest more in real estate. „Central and Estern Europe is more interesting for us.“ CEO Peter Hagen says.

June 20, 2012

Uniqa Acquires EBRD’s Interests in Subsidiaries in CESEE

The Austrian insurance group concluded an agreement for the acquisition of EBRD’s interests in subsidiaries in Croatia, Poland and Hungary.

June 20, 2012

Austrians Highly Care About Retirement Provision

Austrians highly appreciate the security and stability of their own country and this is also reflected in their approach to financial matters and retirement provisioning.

June 8, 2012

„Bank Union is Still Far Away“

Ewald Nowotny, Governor of Austria´s Central Bank, thinks that a bank union in the Eurozone would still take some time. Erste Group´s CEO Andreas Treichl approves the idea.

June 6, 2012

Allianz Austria Records Higher Earnings

The Austrian subsidiary of the German insurance group could achieve a higher premium intake and and increase in earnings.

May 31, 2012

New Supervisory Board at Uniqa

New Supervisory Board Chairman of the Austrian insurance group is RZB´s CEO Walter Rothensteiner, who succeeds Christian Konrad.

May 30, 2012

FMA Extends Ban on Short Selling

The Austrian Financial Marketn Authority extends the temporary ban on naked short selling of selected financial stocks.

May 29, 2012

Uniqa: Profits Up by 20%

Profit on ordinary activities increased by 20.2% to € 54.4m. Group profit up 13.8% to € 30.4m. The PIIGS exposure reduced by 43% to € 1,166m compared with 31 December 2011.

May 25, 2012

VIG in Line with Expectations

Group premiums of the Austrian insurance group grew by 5.5 percent to more than € 2.7bn. Increase in Group profit (before taxes) by 6.0 percent to € 151.4m.

May 23, 2012

Grazer Wechselseitige Posts Profit Decrease

Due to the Hungarian business segment, the Austrian banking and insurance group recorded a decline in net income to € 58m from € 69m.

May 16, 2012

Raiffeisen Plans Capital Increase

The Austrian regional bank RLB Lower Austria – Vienna increases its capital base by € 500m, the chairman Erwin Hameseder says.

May 14, 2012

Austrian Insurance Industry Shrinks

Last year, premium income generated by Austrian insurance companies was down by 1.7%. Insurance benefits were up, however.

May 9, 2012

Merkur Records Stable Profit

The Austrian insurance company could improve its results in 2011. The pre-tax profit showed a slight increase to € 6.9m from € 6.8m.

May 8, 2012
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