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Multiline Insurance & Brokers

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Aevis Victoria Places 61% Of Share Capital Of Infracore

Monday, 27 May 2019

May 27 (Reuters) - Aevis Victoria Sa ::EQS-ADHOC: AEVIS VICTORIA SA: NEW STRATEGIC PARTNER FOR INFRACORE, ALONGSIDE AEVIS AND BALOISE GROUP.HAS SUCCESSFULLY PLACED 61% OF SHARE CAPITAL OF INFRACORE SA (INFRACORE).BALOISE GROUP INCREASES ITS PARTICIPATING INTEREST TO 35% AND MEDICAL PROPERTIES TRUST ACQUIRES A STAKE OF 46% IN INFRACORE SA.INFRACORE SHARES WERE PLACED AT A PRICE OF CHF 51 PER SHARE, VALUING COMPANY AT APPROXIMATELY CHF 1 BILLION.WILL POST A CONSOLIDATED SWISS GAAP FER PROFIT OF MORE THAN CHF 210 MILLION IN FIRST HALF YEAR OF 2019.

Kingstone Announces 2019 Q1 Catastrophe Losses And Reorganization Of Claims Department

Monday, 29 Apr 2019

April 29 (Reuters) - Kingstone Companies Inc ::KINGSTONE ANNOUNCES 2019 FIRST QUARTER CATASTROPHE LOSSES AND REORGANIZATION OF CLAIMS DEPARTMENT.KINGSTONE COMPANIES INC - ESTIMATES ULTIMATE NET LOSSES FROM MULTIPLE WINTER CATASTROPHE EVENTS OF APPROXIMATELY $5 MILLION PRE-TAX IN Q1.KINGSTONE COMPANIES INC - CATASTROPHE EVENTS ARE ESTIMATED TO HAVE A $0.37 AFTER-TAX IMPACT ON NET INCOME PER SHARE FOR Q1.

Protector Forsikring Expects 14% Growth In 2019

Tuesday, 22 Jan 2019

Jan 22 (Reuters) - Protector Forsikring ASA ::14% GROWTH IN 2019.GROSS WRITTEN PREMIUM (GWP) IN 2018 AMOUNTED TO MNOK 4,800, A GROWTH OF 15%.COMPANY'S GROWTH ESTIMATE FOR 2019 (EXCLUSIVE COI)IS 14%, WELL HELPED BY SIGNIFICANT PRICE INCREASES..GWP IN Q4 2018 AMOUNTED TO MNOK 567, A GROWTH OF 5% COMPARED TO Q4 2017..COI IN P&L AS OF Q4 2018 WILL BE PRESENTED SEPARATELY AS DISCONTINUED BUSINESS.COMPANY'S GROWTH ESTIMATE FOR 2019 (EX-COI) IS 14%, WELL HELPED BY PRICE INCREASES.

WDB Brokerzy Ubezpieczeniowi To Merge With Two Units

Friday, 21 Dec 2018

Dec 21 (Reuters) - WDB Brokerzy Ubezpieczeniowi SA ::TO MERGE WITH EUROPEJSKIE KONSORCJUM UBEZPIECZENIOWE AND KRAJOWE BIURO BROKERSKIE.IT OWNS 100% IN BOTH COS, PLANS TO MERGE TO SIMPLIFY GROUP STRUCTURE.

Protector Forsikring To Leave COI Market

Tuesday, 18 Dec 2018

Dec 19 (Reuters) - Protector Forsikring ASA ::SAID ON TUESDAY IT HAS DECIDED TO WITHDRAW FROM CHANGE OF OWNERSHIP INSURANCE (COI) MARKET.DECIDED TO LEAVE THE MARKET DUE TO PRODUCT'S WEAK TECHNICAL PERFORMANCE IN RECENT YEARS AND SIGNIFICANT UNCERTAINTY RELATED TO PRODUCT'S FUTURE PREMIUM VOLUME AND PROFITABILITY.COI PRODUCT ACCOUNTS FOR LESS THAN 10% OF CO'S TOTAL BUSINESS.DECISION TO LEAVE THE COI MARKET WILL INITIALLY AFFECT LESS THAN 10 EMPLOYEES.HAS AN UNCHANGED RESERVE VIEW AND EXPECTS A SMALL POSITIVE GAIN OVER THE RUN-OFF PERIOD.

Baloise Holding Says To Generate Cash In Excess Of CHF 400 Mln For 2018

Wednesday, 14 Nov 2018

Nov 14 (Reuters) - Baloise Holding Ltd ::FOR 2018 CONFIDENT TO AGAIN GENERATE CASH IN EXCESS OF CHF 400 MILLION AND MAINTAIN DIVIDEND POLICY.9-MONTH NON-LIFE BUSINESS EXPANDS BY 5.7 PER CENT TO CHF 2,869.5 MILLION.9-MONTH VOLUME OF TRADITIONAL LIFE PREMIUMS DOWN BY 5.5 PER CENT TO CHF 2,712.6 MILLION.9-MONTH TOTAL VOLUME OF INVESTMENT-TYPE PREMIUMS FELL BY 9.0 PER CENT TO CHF 1,484.8 MILLION.

Enstar Announces Reinsurance Of Approximately $0.1 Bln Of Allianz’S Legacy Business

Friday, 29 Dec 2017

Dec 29 (Reuters) - Enstar Group Ltd ::ENSTAR ANNOUNCES REINSURANCE OF APPROXIMATELY $0.1 BILLION OF ALLIANZ’S LEGACY BUSINESS.ENSTAR GROUP - UNIT ENTERED INTO AGREEMENT TO REINSURE PORTFOLIO OF ALLIANZ SE'S RUN-OFF BUSINESS EFFECTIVE DECEMBER 31, 2017.ENSTAR GROUP - UNIT TO ASSUME NET REINSURANCE RESERVES OF ABOUT $0.1 BILLION BY REINSURING 50% OF CERTAIN U.S. WORKERS' COMPENSATION, AMONG OTHERS.

Enstar Announces Reinsurance Of Approximately $0.1 Bln Of Allianz’S Legacy Business

Friday, 29 Dec 2017

Dec 29 (Reuters) - Enstar Group Ltd ::ENSTAR ANNOUNCES REINSURANCE OF APPROXIMATELY $0.1 BILLION OF ALLIANZ’S LEGACY BUSINESS.ENSTAR GROUP - UNIT ENTERED INTO AGREEMENT TO REINSURE PORTFOLIO OF ALLIANZ SE'S RUN-OFF BUSINESS EFFECTIVE DECEMBER 31, 2017.ENSTAR GROUP - UNIT TO ASSUME NET REINSURANCE RESERVES OF ABOUT $0.1 BILLION BY REINSURING 50% OF CERTAIN U.S. WORKERS' COMPENSATION, AMONG OTHERS.

Vienna Insurance Group To Merge Croatian Group Companies

Monday, 11 Dec 2017

Dec 11 (Reuters) - VIENNA INSURANCE GROUP ::TO MERGE CROATIAN GROUP COMPANIES.CROATIAN BANCASSURER ERSTE OSIGURANJE DUE TO MERGE WITH WIENER OSIGURANJE AT END OF APRIL 2018.AIMS TO INCREASE ITS MARKET SHARE IN CROATIA TO AT LEAST 10 PERCENT IN THE MEDIUM TERM.

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