VIG Merges Polish Subsidiaries

Professional ServicesInsurance ♦ Published: August 31, 2011; 16:15 ♦ (Vindobona)

The Austrian insurance group expects increased efficiency resulting from the planned merger between InterRisk and PZM.

VIG Merges Polish Subsidiaries / Picture: © Vienna Insurance Group / Votava

The Vienna Insurance Group is planning to concentrate its resources in the Polish non-life insurance market by merging the companies InterRisk and PZM. The plan is that in the future the two companies will market their products together throughout the country using the InterRisk brand. It is expected that the merger - which is still awaiting formal legal and regulatory approval - will…