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Insurance
The latest insurance industry and company news and analysis from FriedlNews
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VIG Withdraws from Russia
Vienna Insurance Group concludes sale of holdings in Russian Insurers MSK Life, SG MSK and SoVita.
August 29, 2012
Uniqa Records Strong Results
Today, the Austrian insurance group announced an increase in EBT by 43.2% to € 106.5m. Consolidated profit increases by 67.1% to € 57.3m. Recurring premiums are up 0.8% to € 2,583.0m.
August 29, 2012
Uniqa´s Net Income Expected to Triple
According to German Berenberg Bank, the Austrian insurance group should increase net income to € 22m from € 7m in the second quarter of 2012.
August 28, 2012
VIG Aims to Expand in Poland
Vienna Insurance Group is interested in the Polish subsidiaries of ING and Aviva. However, there are no sales plans yet.
August 23, 2012
VIG to Grow in Hungary
Vienna Insurance Group intends to expand into Hungary. The Eastern neighbor country is the favorite growth market, the Austrian insurance group said.
August 22, 2012
Uniqa Interested in NKBM´s Insurance Subsidiary
The Austrian insurance group aims to grow in Slovenia. The financially stricken bank sells a 51% stake of the insurance business.
August 21, 2012
Allianz Austria: Stable Earnings and Rising Premium Income
In the first quarter of 2012, Allianz Austria recorded a 24% slump in earnings. Pre-tax profits grew slightly.
August 21, 2012
VIG: Stable Results Ahead
Next Wednesday, Vienna Insurance Group publishes its half-year results. Analysts predict a slight growth in premium income.
August 20, 2012
VIG Streamlines its Market Presence in Poland
Vienna Insurance Group announced that the merger of InterRisk and PZM is completed.
August 1, 2012
Bawag and Generali Extend Cooperation
The Austrian bank, which is owned by the U.S. investment funds Cerberus and Generali agreed on extending the cooperation until 2023.
July 23, 2012
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