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 Air Traffic up 14.4% in Turkey
Air traffic was up 14.4 percent, passenger numbers rose 13.7 percent and the size of air cargo increased 6.3 percent year-on-year in the first quarter of 2011, Turkish State Airports Authority DHMI announced on Tuesday. |
 Vienna Insurance Group in 2010 in accordance with IFRS
In 2010 Vienna Insurance Group exceeded the planned targets once more. Our focus on earnings-oriented growth and on efficiency gains is reflected in a significant increase of the profit (before taxes) to almost EUR 508 million – this result was achieved despite the heavy burden caused by natural catastrophes”, stated Günter Geyer, CEO of Vienna Insurance Group. |
 EULER Hermes is expanding in Turkey
Credit insurer EULER Hermes obtained the license to operate on the Turkish market, on which it has been activating since 2005, through the mother-group ALLIANZ. This approach marks, the statement said, "a new step in its development as a global leader in credit insurance, which now offers solutions for Turkish entities and companies that are exporting in Turkey". |
 Slovenian insurance firm aims to enter Turkey
Zavarovalnica Triglav, Slovenia’s biggest insurance company, will follow bank Nova Kreditna Banka Maribor in raising capital on the Warsaw Stock Exchange to help it expand into Turkey, Bulgaria and Romania. |
 Zurich signs distribution agreement with Fortis Bank in Turkey
Zurich Sigorta, the Turkish subsidiary of Zurich Financial Services Group, has signed an exclusive distribution agreement with Fortis Bank in Turkey. |
 Vienna Insurance increases stake to 94.3% in Turkish insurer Ray Sigorta
Vienna Insurance Group AG Wiener Versicherung Gruppe has reached an agreement with Dogan Sirketler Grubu Holding on the acquisition of about 10% of the Turkish non-life insurer Ray Sigorta. |
 BNP Paribas Assurance accelerates development in bancassurance in Turkey
BNP Paribas Assurance has signed an exclusive distribution agreement for 20 years with TEB and Fortis Bank Turkey, now known as ‘The New TEB’. |
 Ageas looks to target Turkey with 31% Aksigorta stake
AGEAS is the latest European insurance giant to stake a claim in the important Turkish insurance market, buying a 31% stake in Aksigorta from Turkish |
 Turkey Insurance Market Outlook to 2015
The Report titled “Turkey Insurance Market Outlook to 2015” provides an in-depth analysis of the Turkey insurance industry. |
 Aon Benfield : Ideal time for Turkey to embrace Solvency II
Aon Benfield is advising Turkish insurers to take part in the European Union’s Solvency II protocol as high growth makes this is an ideal time for the country to embrace the regulation. Aon Benfield Analytics recently hosted its Solvency II conference in Istanbul to highlight the benefits and challenges of the non-EU country joining the regime, which is scheduled to incept in 2013. |
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