VIG to Grow in Hungary

Professional ServicesInsurance ♦ Published: August 22, 2012; 17:26 ♦ (Vindobona)

Vienna Insurance Group intends to expand into Hungary. The Eastern neighbor country is the favorite growth market, the Austrian insurance group said.

VIG to Grow in Hungary / Picture: ©

VIG reaffirms to be highly interested in further acquisitions, CEO Peter Hagen explains. Due to the strong market position in some countries, VIG faces restrictions under cartel law. In some countries, growth rates will reach double digit numbers this year, Hagen says. In the Czech Republic, Slovakia and Romania, VIG is the market leader.

In other countries, VIG still does not…