VIG
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VIG Underwritten Gross Premiums In Romania Fell 15% In First 9 Months, To EUR340M
Vienna Insurance Group (VIG) said Tuesday it underwrote gross premiums of EUR340 million in Romania in the first nine months of the year, down 14.8% from EUR399 million in the same interval...
High Car Insurance Claims Drive Omniasig To EUR41M Loss
Omniasig, a company controlled by Vienna Insurance Group (VIG), posted a loss of 181 million lei (EUR41 million) last year because of the surge in car policy claims. 2011 was the first year...
Omniasig And BCR Asigurari Unable To Beat Astra Despite Merger
Omniasig and Astra continue to fight over the leading position on the general insurance market, as the cumulated revenue of Omniasig and BCR Asigurari, which merged last month, fell below As...
VIG 1Q Loss In Romania Narrows To EUR2.7M, Underwritten Premiums Down 7% To EUR134.5M
Austrian insurer Vienna Insurance Group (VIG) reported in Romania first-quarter gross underwritten premiums of EUR134.5 million, down 7% on the year, and first-quarter loss of EUR2.7 million...
VIG Lays Off A Fifth Of Romanian Employees In Two Years
Austrian insurer Vienna Insurance Group (VIG), which controls a quarter of the Romanian insurance market, cut by 22% its number of employees on the local market in the past two years, and th...
Omniasig-BCR Asigurari Merger Nears Completion
Omniasig and BCR Asigurari, controlled by Austrian insurer Vienna Insurance Group (VIG), will as of next month become one company with 2,400 employees and a territorial network of 350 branch...
Vienna Insurance Group 2011 Loss In Romania At EUR12.8M
Vienna Insurance Group (VIG) posted loss of EUR12.8 million in Romania in 2011, due to a 4.8% decrease in underwritten gross premiums to EUR502.9 million triggered by the harsh economic situ...
Omniasig-BCR Asigurari Merger Awaits Watchdog’s Approval, Final Shareholder Vote
The largest merger on the Romanian insurance market is only halfway to completion, but the outlines of the new company resulting from the consolidation of Omniasig and BCR Asigurari’s busine...
Vienna Insurance Group Posts EUR8.8 Pre-Tax Loss In Romania For Jan-Sept 2011
Revenues of Austrian insurer Vienna Insurance Group (VIG) in Romania stagnated at EUR416.2 million in January-September, but expenses climbed 9%, leading to a pre-tax loss of EUR8.8 million...