Turkey
Mapfre's Q1 revenue boosted by international business
Spain’s Mapfre increased its first quarter revenues by 1.6% to reach €6,942m, driven mainly by the international business.
Turkish cat pool taps capital markets for reinsurance
The Turkish Catastrophe Insurance Pool has gone to the capital markets to gain protection for earthquake risk in the Istanbul region.
Domestic insurers must take advantage of Turkey's growth says broker
There is huge potential for (re)insurance growth in Turkey, according to Namik Gulsun, executive director, EMENA at facultative and wholesale broker, Faber Global.
Top five European news stories
The top five stories from www.insuranceinsight.com over the past seven days.
Turkish insurance sector to receive investment boost
Asian and European investors will focus on Turkey's insurance sector in 2013, particularly as a result of government incentives offered in private pension plans, according to Ernst & Young.
‘Worrying trend’ for over-regulation making UK market less competitive
Rising regulatory costs are becoming a financial burden the UK’s insurance market can ill afford in the face of international competition, Lloyd’s finance director Luke Savage has warned.
Top 5 Asian news stories
The top five news stories from www.insuranceinsight.com over the past seven days.
Turkey and Poland to lead European bancassurance growth
The emerging markets of Asia-Pacific, Latin America, Turkey and Poland are projected to see significant bancassurance growth over the next four years, according to a report by data provider Timetric.
Allianz “not chasing top line growth” with Turkey acquisition
Allianz is confident it can write profitable property and casualty business in the Turkey following its acquisition of Yapi Kredi Sigorta.
Allianz agrees deal for Turkish insurer Yapi Kredi Sigorta
Allianz has reached an agreement to acquire a 93.9% stake in Turkish property and casualty insurer Yapı Kredi Sigorta for €684m.
Captives: Eastern promise
Chinese companies are mulling over the idea of captives as a risk management tool and it seems that the trend might spread to Eastern Europe. Anna Pitton investigates.
Turkish GI growth set to continue
Turkish non-life insurers are set to benefit from government initiatives and increasing demand from younger generations, according to a comment published today by Fitch.
Axa sees 3% drop in revenue from Southern Europe
Axa’s Southern European revenues have been hit by the difficult economic environment but mature market revenues continued to increase.
Kidnap and Ransom: A growing threat?
Kidnap and ransom risk is not traditionally a threat associated with Europe but recent incidents have bought the issue to the fore. Sam Barrett investigates the problem and the response of the insurance industry.
Aviva to sell Turkish unit say market sources
British insurer Aviva has tasked Barclays with selling its Turkish unit Aviva Sigorta, according to Reuters.
Three bids for major Turkish insurance business
Allianz, Dai-ichi Life and Zurich are in the process of making bids for Yapi Kredi Sigorta, the insurance arm of Yapi Kredi Bank in Turkey, according to senior banking sources.
Former UK GI CEO McMillan to become Aviva Europe boss as Trevor Matthews quits
David McMillan has been appointed CEO of Aviva Europe.
Ankara embassy attack indicates rising terrosim risk
An attack on the US Embassy in Ankara suggests that the capability of terrorist organisation the Revolutionary People's Liberation Party-Front or a PKK splinter group to attack state and diplomatic assets has increased, according to Exclusive Analysis.
AIG acquires HSBC's French GI arm and extends Turkish footprint
AIG has entered a 10-year bancassurance agreement with HSBC Group to become the exclusive provider of non-life insurance products to the bank's customers in Turkey and France.
Mapfre to offer en route breakdown assistance in Turkey
Mapfre's Turkish subsidiary has set up what it claims to be the country’s first roadside Assistance fleet, specializing in repairing breakdowns that occur whilst en route.
Vienna Insurance Group sees premium growth of 9.5%
Vienna Insurance Group posted 9.5% premium growth in the in its preliminary full year results for 2012, published today.
Europe’s hidden gems
Insurers branching out in Asia and other far reaches seem to be grabbing the headlines of late but as Francesca Nyman explains, there are still plenty of opportunities for insurers closer to home.
South Korea, Turkey, Indonesia and Mexico next economic "juggernauts," claims Willis
Preparing for a new wave of emerging markets is one of the key risks businesses face over the next 12 months according to broker Willis.
Weather and emerging markets key 2013 risks, warns Willis
Extreme weather and a new generation of emerging markets are among a new list of risks faced by businesses over the next 12 months identified by Willis.