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VIG's Compensa Acquires Lithuania’s Largest Life Insurance Sales Company

Published: June 12, 2015; 17:30 · (Vindobona)

Vienna Insurance Group company Compensa Life SE has strengthened strengthened its sales structure in Lithuania with the acquisition of life insurance sales specialist Finsaltas. Finsaltas holds Latvia's biggest life insurance distribution network and recorded some EUR 7.1 million (USD 8.0 million) in life insurance premiums in 2014. for an undisclosed amount, VIG said Friday.

VIG's Compensa Acquires Lithuania’s Largest Life Insurance Sales Company / Picture: © Flickr

The acquisition of Finsaltas delivers a sustainable expansion in VIG's sales structure.

With around 300 insurance brokers, Finsaltas is Lithuania’s largest life insurance sales company.

In 2014 the company generated some EUR 7.1 million in life insurance premiums.

Compensa Life’s acquisition of Finsaltas, a highly successful business, will pave the way for…

This article includes a total of 156 words.

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