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VIG Completed Polisa Life Acquisition in Poland

Published: June 28, 2012; 15:33 · (Vindobona)

The Vienna Insurance Group AG is the new owner of the Polish life insurance company Towarzystwo Ubezpieczeń na Życie "POLISA-ŻYCIE" S.A. With this transaction, the VIG has acquired about 92 percent of the life insurer.

VIG Completed Polisa Life Acquisition in Poland / Picture: © Flickr

"Acquiring Polisa, we are expanding our distribution capacity and intensifying our presence in the fast-growing Polish life insurance market – in the non-life insurance sector we are already in the top 3," said Peter Hagen, CEO of the Vienna Insurance Group, explaining the strategic considerations behind the acquisition. "Poland is and will remain a very attractive market for our…

This article includes a total of 266 words.

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