The latest insurance industry and company news and analysis from FriedlNews
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Austrian Insurance Industry Headlines

Allianz Austria: Positive Outcome of Sustainable Investments

The Austrian arm of insurance group Allianz notices a positive outcome of the gradual shift from capital deposits (worth EUR 7 billion), to sustainable investments. The share of sustainable investments was raised from 18 to 21.5 percent in 2015, CEO Wolfram Littich told the press. He added that the level of sustainability of capital investments rose 1.54 percent.

January 27, 2016

Uniqa Launches EUR 500 Million Investment Programme, Profit Curbed

The insurance enterprise Uniqa has launched a longterm investment programme worth EUR 500 million (USD 545 million) in order to better manage IT and customer service in a digital times. In the first year of the programme, 2016, the result will be considerably reduced compared to 2015, on account of that, Uniqa announced. The release read further that low interests and a low capital yield may further cut back results.

January 19, 2016

Wishing you Peace, Joy and Happiness in the New Year

Dear Reader, As the year comes to an end, I wanted to write and thank you for your support. It's the loyalty of readers like you that enables us to provide our service. This year saw us once again reporting on topics related to cross-border activities in business and diplomacy. Our mission remains to inform and to connect Austria's international professionals and expatriates to enable them to be more productive and successful. Whatever 2016 brings, my editorial team and I will continue to bring you the latest in Austrian-international news and insight. I wish you a peaceful and prosperous holiday season and - till next year. Warm regards, Dr. Peter J. Friedl, Editor, FriedlNews

December 23, 2015

FriedlNews wishes Merry Christmas and a Happy New Year from Vienna!

Warmest wishes for the season, and sincere thanks for your loyalty throughout the years! Our service will be closed untill January 11th, 2016. The FriedlNews Team

December 23, 2015

VIG Buys Majority Stake in Latvian BTA Baltic

The listed Vienna Insurance Group (VIG) has obtained a majority stake in Latvian insurance company BTA Baltic Insurance Company AAS. The company has branches in Latvia, Estonia and Lithuania. This way VIG continues its expansion in the Baltic region. In the summer VIG took over the Latvian property insurer Baltikum AAS.

December 18, 2015

VIG's Stadler to Present Strategy by End-January

Listed insurance group VIG will present a new strategy for the group by the end of January, the daily WirtschaftsBlatt writes, citing the group's prospective CEO Elisabeth Stadler

December 11, 2015

Uniqa Insurance Strives to Deliver in Life Segment

Listed insurance group Uniqa needs to tweak many cogs in order to meet the pledges made to life customers, as far as the right allocation is concerned, but also the interest level pledged, despite the low-rate environment, CFO/CRO Kurt Svoboda said.

December 10, 2015

VIG: Elisabeth Stadler to Replace Peter Hagen as CEO

Due to differences in opinion regarding the future strategic orientation and steering of the Group, Peter Hagen will be leaving his position as Chairman of the Managing Board of the Vienna Insurance Group on 31 December 2015. Elisabeth Stadler will become his successor.

December 2, 2015

Uniqa Insurance Net Profit Up 29.6 Pct Y/Y to EUR 245 Mln in 9 Mo

Listed insurance group Uniqa raised its net earnings by a clear 29.6 percent y/y to EUR 245.0 million (USD 260.0 million) in January-September 2015, above the market expectations, the company said in a report.

November 27, 2015

Signa Holding Sells Building for EUR 94 Mln to Insurer Allianz

Signa Holding of investor Rene Benko sold an office building (Haus an der Wien) to insurance group Allianz for some EUR 94 million (USD 103.5 million), real estate intermediary EHL said.

November 2, 2015