Multiline Insurance & Brokers
UNIQA Insurance Group launches investment programme of about EUR 500 million, comments on FY 2016 guidance and dividend
UNIQA Insurance Group AG:To launch investment programme in FY 2016 in order to align processes and products with customer requirements and expectations that are being transformed by the digital revolution.Programme to be spread over several years and comprises a total volume of around 500 million euros.Investments, a considerable portion of which are to be made in FY 2016, will primarily be employed for the redesign of the business model and the modernisation of IT systems that this requires.Expects significantly reduced earnings in the FY 2016 financial year compared to FY 2015's strong earnings.Intends to continue its since 2012 consistently implemented progressive dividend policy with annual increases of the distribution per share.
Rosgosstrakh OAO:Decides on company reorganization by merger with its unit Rosgosstrakh LLC.
Rosgosstrakh OAO:Says plans reorganization by merger with Rosgosstrakh LLC.The decision on the reorganization will be made by EGM on Sept. 25.
Talanx AG:Realigns German Life Insurance business.Goodwill in German Life Insurance business of 155 million euros written off in full.Group net income of between 600 million euros and 650 million euros forecast for FY 2015.FY 2015 net profit estimate 770.63 million euros - Thomson Reuters I/B/E/S.
Helvetia Holding AG:Merges legal entities and organization in Switzerland.Helvetia will take over Nationale Suisse insurance contracts in full and continue them unchanged.Out of currently around 3,850 staff in Switzerland, roughly 70 terminations on employer's side and 30 early retirements are expected.