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FMA Q3 2017 Report on the Austrian insurance industry: a slight increase in premium volume, and greatly improved technical result

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slight increase in premium volume, and greatly improved technical result

FMA supports European measures towards solving the issue of non-performing loans – Austria’s NPL Ratio has already fallen to 4.3%

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Austria’s NPL Ratio has already fallen to 4.3%

Granting of a licence

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DIMOCO Payment Services GmbH

Portfolio Transfer from KX Reinsurance Company Limited and OX Reinsurance Company Limited to Catalina London Limited

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From KX Reinsurance Company Limited and OX Reinsurance Company Limited to Catalina London Limited

Portfolio Transfer from AXA Wealth Limited to Phoenix Life Limited

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from AXA Wealth Limited to Phoenix Life Limited

Portfolio Transfer from Moorgate Insurance Company (previously Pohjola Insurance Company) and from QBE Insurance Limited to Bothnia International Insurance Company

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from Moorgate Insurance Company (previously Pohjola Insurance Company) and QBE Insurance Limited to Bothnia International Insurance Company

Licence changes

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Granting of licences to provide activities within an insurance class

Portfolio Transfer from Reliance Mutual Insurance Society Limited to LCCG New LifeCo Limited

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from Reliance Mutual Insurance Society Limited to LCCG New LifeCo Limited

Portfolio Transfer from Atlantic Mutual Insurance Company to Bothnia International Insurance Company

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from Atlantic Mutual Insurance Company to Bothnia International Insurance Company

Lapsing of Licence

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Raiffeisen Zentralbank Österreich Aktiengesellschaft merges with Raiffeisen Bank International AG

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