The net profit of the Czech insurance sector jumped by34.8% y/y to CZK 12.4bn (EUR 480.2mn) in 2012, according to data from the central bank. Gross written premiums in the non-life insurance segment fell by 1.9% on the year to CZK 81.5bn, while life insurance premiums stayed broadly unchanged at CZK 72bn. Gross claims paid in the general insurance segment dropped to CZK 41.8bn in 2012 from CZK 43.1bn in 2011. In the life insurance segment paid gross claims increased to CZK 46.4bn from CZK 42.1bn .The assets of insurance companies active on the local market totalled CZK 469.2bn as of end-December 2012, marking an annual increase of 13.9%.
Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more
Czech Republic-based broadcaster Central European Media Enterprises (CME) on July 10 announced the divestiture of its leading Croatian and Slovenian TV stations to United Group's Slovenia Broadband ... more