VIG Takes Over 100% of Life Insurer Skandia Poland

Published: May 31, 2014; 12:35 · (Vindobona)

The Vienna Insurance Group AG (Wiener Versicherung Gruppe) has acquired 100 percent of shares in the life insurance company Skandia Zycie TU S.A. (Skandia Poland).

VIG Takes Over 100% of Life Insurer Skandia Poland / Picture: © Life Insurance

After granting of the regulatory approvals, the transaction has been concluded.

In 2013 Skandia Poland recorded premiums written of around EUR 95 million, making it the number 17 on the Polish life insurance market.

Compared to the previous year, this represents an increase in local currency of approximately 3.8 percent.

Skandia Poland has been operating on the…

This article includes a total of 215 words.

or Log In

Fast News Search