Volunteers and emergency personnel raced to secure river banks and buildings in Poland and Hungary on Tuesday as flood waters that have wreaked havoc across central Europe began to rise in new areas and the Czech Republic reported another death. …
Poland’s biggest insurer PZU needs a strategy to tackle its ownership of stakes in two banks, which is complicating its valuation, the state assets minister said. Globally, insurers are focusing on core business and are spinning off banking operations, Jakub …
Acrisure Re, the re/insurance division of top-10 global insurance broker and fintech platform Acrisure, announced that its facultative team has signed a preferred partnership broker agreement with Smartt Re, specifically for Central Eastern European (CEE) facultative business, effective immediately. Headquartered …
The death toll from methane explosions at Pniowek mine in southern Poland climbed to five after rescue workers recovered a body of another miner trapped in a blast. The accident could have affected as many as 42 people, who were …
Dutch insurer NN Group announced on Monday it has agreed to acquire MetLife’s business activities in Poland and Greece, for a total consideration of €584 million (US$692.8 million). The acquisition, which will almost double NN’s customer base in Poland and …
Allianz SE, Europe’s largest insurer, is to purchase the Polish operations of Aviva Plc for 2.5 billion euros ($2.9 billion). The deal values London-based Aviva’s Polish business at 2.7 billion euros, according to a statement from Aviva Friday. It’s subject …
MILAN – Italian insurer Generali has nudged up its bid for Aviva’s Polish arm, valuing the business at almost 2.5 billion euros ($3 billion), in a last-ditch effort to prevail over Dutch insurer NN, two sources familiar with the matter …
LONDON – Aviva has pushed back the deadline for final offers for its Polish operations to late March as the British insurer is still haggling with Spanish lender Santander over the renewal of a key distribution agreement in Poland, sources …
Vienna Insurance Group AG bolstered its position as the biggest insurer in central and eastern Europe by agreeing to buy Aegon NV’s business in the region and in Turkey for 830 million euros ($990 million), outbidding NN Group NV and …
Generali has entered into an agreement with the German Group Union Asset Management Holding AG to acquire a 100 percent stake in the Polish asset management company Union Investment TFI S.A. Financial details of the acquisition were not revealed. The …
