VIG: „We Will Clean Up Merciless“

Professional ServicesInsurance ♦ Published: November 28, 2013; 21:44 ♦ (Vindobona)

Yesterday, the Austrian insurance group VIG (Vienna Insurance Group) published surprisingly bad results. In Italy and Romania, VIG has a lot of work to do.

VIG: „We Will Clean Up Merciless“ / Picture: ©

At the moment, VIG has to manage a number of challenges. For the insurance group, there are four trouble spots in Poland, Italy, Romania and Bulgaria. CEO Peter Hagen underlines that VIG´s management will clean up merciless.

In Poland, the management of the local affiliate had to be changed. The performance of the Polish subsidiary was satisfying. Nevertheless, there were too…