Europa Re has launched a study on the impact of the natural disasters and extreme weather events on the operations of commercial banks, especially those with presence in disaster prone areas in its member countries – Albania, FYR of Macedonia and Serbia. Read the full story here.

The Deputy Prime Minister and Finance Minister Zoran Stavreski of the FYR of Macedonia signed a loan agreement for the World Bank Southeast Europe and Caucasus Catastrophe Insurance Facility Project. The agreement was co-signed by Lilia Burunciuc, the World Bank Country Manager for Macedonia. The $5million loan will finance Macedonia's...

On 13 January 2012, Mirko Cvetkovic, the Minister of Finance of the Republic of Serbia, signed Europa Re shareholders agreement. The signing was followed by the disbursement of the country’s membership contribution of $5 million towards the capitalization of Europa Re, thus bringing the company one step closer toward the...

Following the successful Regional Ohrid Conference, Europa Re organized a series of meetings, workshops and seminars with the insurance industry "On the Functionalities of Europa Re's Web-Based Underwriting Platform" in all three member countries. The event took place in Albania, Serbia, and FYR Macedonia.

Europa Re, a catastrophe and weather risk reinsurance facility, is receiving fresh support in its efforts to help governments in Southeastern Europe adapt to climate change.  The Special Climate Change Fund (SCCF), administered by the Global Environment Facility (GEF), is providing $5.5 million to fund the technical and regulatory work...

As a bold step in the process of launching the facility, Europa Re, the World Bank, UNISDR, SECO and the Insurance Supervision Agency for FYR of Macedonia have held the first Regional Europa Re Conference "Developing Catastrophe and Weather Risk Markets in Southeast Europe: From Concept to Reality" at the...

Today the Prime Minister of Serbia, Mirko Cvetković, signed the Loan Agreement for the World Bank Southeast Europe and Caucasus Catastrophe Insurance Facility project. On same day, the Loan Agreement was countersigned by Loup Breffort, World Bank Country Manager for Serbia, and sent to the Serbian Parliament for ratification. The...

The World Bank’s Board of Directors approved loans of US$5 million for FYR Macedonia, and US$5 million for the Republic of Serbia as part of the regional South East Europe and Caucasus Regional Catastrophe Risk Insurance Facility Project (SEEC CRIF). The loans will finance countries’ membership contributions to Europa Re....

On March 3rd, the World Bank Board of Directors will review for approval US$10 million worth of loans to fund the Europa Re membership contributions of FYR Macedonia and Serbia. The negotiations for Serbia’s loan were completed in early February, and FYR Macedonia’s Europa Re membership was finalized in late...