Read the latest headlines about developments in the international insurance industry in Vienna and Austria
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Vienna International Insurance Industry News

Uniqa Serbia Continues to Grow

Market share increases to 7.3 per cent in third quarter of 2013. Premium volume for life insurance up 18.5 per cent.

January 20, 2014

Austria: VIG to Sell Stakes in Porr

Listed Vienna Insurance Grop (VIG) downsizes its stake in Austrian construction company Porr, which is also listed at the Vienna Stock Exchange.

January 9, 2014

Austria: FMA to Activate Whistleblower Hotline

At the beginning of this year the Financial Market Authority (FMA) in Austria has activated a “whistleblower hotline” for bank insiders to report about potential abuses.

January 3, 2014

Poland: Little Trust in Insurance Companies

According to a survey, Polish citizens lack in trust in insurance companies.

January 3, 2014

New CEO at BCR Asigurari de Viata

Sorin Mititelu was appointed as new CEO of Romanian BCR Asigurari de Viata.

December 21, 2013

Poland: PZU Places Binding Offer for Croatia Osiguranje

Polish insurance company PZU places a binding offer for Croatia Osiguranje (CO).

December 17, 2013

CA Immo Closes Sale of Hesse Portfolio

The closing of the sales transaction is completed.

December 6, 2013

Vienna Insurance Group Awarded in Bulgaria

Awards for the Group companies Bulstrad and Bulstrad Life.

December 5, 2013

Austrian Insurance Companies to Grant Credits

The Financial Market Authority has given green light to Austrian insurance companies for handing out loans. Insurers hope for an improvement in investment income.

December 4, 2013

Uniqa on Successful Growth Path in Bosnia and Herzegovina

Provisions increased by 15.2 percent in the first three quarters of the year and generated the second-highest growth rate. Moreover, the market share was extended to 12.2 percent.

December 3, 2013

VIG: „We Will Clean Up Merciless“

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.

November 28, 2013

Vienna Insurance Group: Net Income to Fall

The biggest Austrian insurance group is anticipated to post lower profits.

November 27, 2013

Poland: PZU Surpasses Results in 3Q

With results increasing by almost 65 percent on a quarterly basis, Poland’s biggest insurer has exceeded all expectations.

November 15, 2013

Success for VIG Group Companies in the Czech Republic

Martin Diviš named “Insurance Manager of the Year”.

November 14, 2013

VIG: Expansion Plans in Baltic States

According to a report by “Wirtschaftsblatt”, the Vienna Insurance Group (VIG) plans to expand business activity in the Baltic States. From 2014 on, the Austrian insurance company will start conquering the Estonian insurance market.

November 8, 2013

Life Insurance Industry Under Pressure

For the insurance industry, life insurance products become less and less profitable.

October 24, 2013

Austria: Saving Grows Decently

At the end of June, total savings reached € 490bn. In real terms, total savings shrink. Lending remains stable.

October 22, 2013

Uniqa to Aquire Western Balkan Insurance Companies

Listed insurance company Uniqa will take over Croatian and Serbian affiliates of Swiss insurance group Baloise (Basler) to strengthen its market position in the Western Balkan states.

October 22, 2013

Slovakia: New Burden for Insurance Industry

The Slovak government extends special taxes for companies operating regulated sectors. The bank tax will be abolished in the course of the next years.

October 21, 2013

„CESEE Is Not the Devil Anymore“

Regarding the development of the CESEE equity market, Birgit Kuras, CEO of Vienna Stock Exchange (VSE) demonstrates optimism.

October 14, 2013

Croatia: Not Plans of Privatizing State-Owned Companies

Croatian government denies it planned to privatize 28 large state-owned companies.

October 14, 2013

Uniqa: Re-IPO Successful

The second-biggest Austrian insurance group goes public again. According to insiders, the order books are closed.

October 9, 2013

FriedlResearch has Published the Q3-2013 Company Report of Erste Group Bank AG

This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.

October 8, 2013

Austrian Insurance Industry Records Positive Results

In the first half of 2013, the Austrian insurance sector registered an increasing premium income. Operating income was up substantially.

October 8, 2013

VIG to Issue Subordinated Bond

Vienna Insurance Group successfully launched a subordinated bond.

October 2, 2013

Bulgaria: Major Decrease of Insurance Business

The insurance industry saw a strong decrease of business of 13 percent in only four years.

October 2, 2013

Uniqa´s Re-IPO: Focus on CESEE

The Austrian insurance group plans a capital increase of € 750m. Uniqa´s CEO Andreas Brandstetter underlines the growth story in Central, Eastern and Southeastern Europe.

September 24, 2013

Poland Leads Ranking of Top Enterprises in CEE

Credit insurance company Coface has for the fifth time published a study about the Top 500 enterprises in Central and Eastern Europe.

September 24, 2013

Uniqa Starts Major Capital Increase

The second-biggest Austrian insurance group resolves on capital increase and announces price range. Proceeds will reach about € 750m.

September 23, 2013

Vienna Insurance Group Evaluates Bond Issuance

In view of the current interesting environment for corporate bonds, management of VIG considers a subordinated bond transaction.

September 23, 2013

Romania: Austrian Investors Demand Transparency

In an interview with Business Review Romania, Rudolf Lukavsky, commercial counselor for Romania and Moldova at the Austrian Embassy described the downsides and advantages of the economic environment in the country.

September 17, 2013

VIG: Downsizing Business in Italy

Donau Versicherung, affiliate of VIG, has to make provisions in the amount of € 35m.

September 10, 2013

€ 800m for Uniqa´s Re-IPO

The second-biggest Austrian insurance group plans has ambitious growth plans. The capital increase will bring a substantial change in Uniqa´s shareholder structure.

September 9, 2013

Uniqa: Ambitious Growth Targets

The Austrian insurance group wants to put effort into selective growth. The CESEE region still has a remarkable substantial, CEO Brandstetter explains.

August 7, 2013

„CESEE Will Come Back“

Andreas Brandstetter, CEO of the Austrian insurance group Uniqa, thinks that Central and Eastern Europe will recover.

August 6, 2013

Uniqa Places € 350m Capital Bond

UNIQA successfully places €350 million supplementary capital bond.

July 24, 2013

Positive Start for Uniqa Serbia

Uniqa Serbia starts 2013 with strong growth.

June 27, 2013

Mitterlehner: Romania Offers New Chances for Austrian Economy

Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.

June 25, 2013

Highwater Damages for VIG Up to € 45 Million

Austria’s biggest insurer estimates with net costs double the amount than in 2002.

June 11, 2013

CESEE: Business Climate Index Dropped in April

Enterprises in CESEE countries remain cautious for the most part.

May 2, 2013

Austria: Immofinanz Group Acquires Berlin Residential Portfolio

Buwog, a wholly owned subsidiary of Immofinanz Group, has acquired a residential portfolio in Germany.

April 22, 2013

Croatia to Sell HPB and Croatia Osiguranje

Croatia’s seventh biggest bank and biggest insurance company will soon be privatized. The selling of the stakes is supposed to generate up to € 300m for the state budget.

April 11, 2013

VIG: Acquisition of QBE Makedonija completed

Vienna Insurance Group (VIG) new market leader in Macedonia

April 9, 2013

VIG: Drastic Downsizing Measures in Romania

Because of increasing losses 450 employees will be made redundant.

April 4, 2013

Austria: Insurance Company Allianz Gains Profits

Allianz Austria was able to continue its upward trend and gained around 20,000 new customers in 2012.

March 5, 2013

Uniqa: Out of the Red

The Austrian insurance group generates EBT of €205.4 million, up 44.9 per cent compared to 2010. Consolidated profit totals €130.2 million.

February 22, 2013

Generali to Expand into CESEE Region

The Italian insurance group wants to strengthen its market presence in central, east and southeast Europe. The minority stake in the Czech insurer PPF will be acquired.

January 8, 2013

Uniqa Sells Hotel Investments

The Uniqa Group is selling its hotel investments from the Austria Hotels International Group to an investor group headed by Oliver W. Braun (also including Günter Kerbler, Johann Kowar and others).

December 18, 2012

Slovenia: Austrian Grawe Will not Take Over ZM

The second-biggest Slovenian bank NKBM (Nova Kreditna Banka Maribor) sells its interest in the insurance group Zavarovalnica Maribor (ZM). Sava Re negotiates with NKBM already.

November 30, 2012

Uniqa: Earnings and Net Income Improved Substantially

EBT improved to € 152.4m. Company plans EBT of approximately € 200m for business year 2012.

November 28, 2012