VIG
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Omniasig On Merger With BCR Asigurari: Our Strategy Is “No Winners And No Losers”
The employees of insurers Omniasig and BCR Asigurari, which are in the process of merging to create the largest insurance company on the Romanian market, with over EUR300 million in revenue,...
Sales Decline Forces Insurance Market To Consolidate
The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money h...
Major Merger On Insurance Market: Omniasig’s Name Prevails Over BCR Asigurari
The company resulting from the merger of Omniasig and BCR Asigurari, which will become the largest insurer on the Romanian market, will take the Omniasig name because the majority shareholde...
Vienna Insurance Group’s Pretax Profit In Romania Down To EUR1.6M In 1H
The profit before taxes registered by Vienna Insurance Group (VIG) in Romania dropped nine times in the first half of the year to EUR1.6 million from EUR14.3 million in the same interval a y...
VIG Plans Omniasig-BCR Asigurari Merger To Create Romania's Largest Insurer
After making acquisition after acquisition in recent years, so that it came to own four major Romanian brands it was feeling comfortable with, Austria’s Vienna Insurance Group (VIG) made the...
Vienna Insurance Group Posts EUR5M Loss In Romania In 1Q
Vienna Insurance Group (VIG) reported a loss before taxes of EUR5 million in Romania in the first quarter, compared to a profit of EUR7.4 million in the same period a year ago, as gross unde...
VIG Pretax Pft In Romania Rises 18% In 2010, At EUR28.5M
Vienna Insurance Group, or VIG, Thursday reported a 17.9% increase in its profit before taxes in Romania in 2010, to EUR28.5 million, despite a 13% fall in its premium revenue to EUR528.1 mi...