VIG
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VIG Posts EUR2.6M PBT In Romania In January-September
Vienna Insurance Group (VIG) registered profit before tax of EUR2.6 million in Romania in January-September, versus a loss of EUR36.1 million in the same period in 2013, the company said in...
Austria’s VIG Gets Tired Of Losses, Moves To Harsh Restructuring Steps In Romania
Austrian insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Viata in Romania, wants to put an end to its losses on the local market and decided to implement a set of h...
Fresh Rumors About Asirom-Omniasig Merger
Austria’s insurer Vienna Insurance Group (VIG), which owns three companies in Romania, allegedly decided to embark upon a new merger on the Romanian market, namely between Asirom and Omniasi...
VIG Won't Join PAID As Long As Its Reinsurance Is Inadequate
Vienna Insurance Group's Romanian businesses will not join the country's Pool of Insurance against Natural Disasters (PAID), which sells mandatory home insurance, as long as its portfolio is...
VIG’s 2013 Loss In Romania Double On Year At EUR98.7M
Austria’s Vienna Insurance Group Thursday said its loss before tax in Romania doubled to EUR98.7 million in 2013, from EUR44.9 million registered in 2012, after the group took "preventive me...
VIG Posts 18.5% Lower Gross Underwritten Premiums In Romania In 2013, To EUR373.9M
Austria’s Vienna Insurance Group (VIG) registered an 18.5% decline in gross premiums underwritten in Romania in 2013, to EUR373.9 million, mainly due to car insurance, according to the group...
VIG: Third-Quarter Results Impacted By Difficult Market Conditions In Romania And Italy
Austria’s Vienna Insurance Group (VIG) on Tuesday said its financial results for the third quarter of 2013 will be affected by difficult market conditions in Romania and Italy.
VIG Stays In Romania Because Of Its Potential, CEO Says
Romania remains an important market for the Vienna Insurance Group (VIG) even though the local business has shrunk by one third during the crisis and the Romanian operations were the only on...
VIG Underwritten Gross Premiums In Romania Fell 25% In 1Q, To EUR101M
Austria’s Vienna Insurance Group (VIG) said Tuesday it underwrote gross premiums of EUR101.2 million in Romania in the first quarter of 2013, down 24.8% from EUR134.6 million in the same per...