Poland: PZU to Take over RSA’s Baltic Branch?

Businessn.a. ♦ Published: April 1, 2014; 12:00 ♦ (Vindobona)

Polish insurance company PZU intends to take over the Baltic assets of British ailing insurer RSA.

Will PZU become a competitor for VIG? / Picture: © PZU

As reported by Polish daily “Puls Biznesu”, citing a Lithuanian newspaper, an insider of PZU confirmed the rumors of PZU taking over the Baltic branch of distressed British insurance company RSA. By this PZU will have to face competitors like Austrian VIG, German Ergo and Lithuanian BTA with regard to the Latvian assets. Lietuvos draudimas, the largest insurance company in…