Articles by Marta Waldoch

Poland’s PZU Reviews Strategy: Plans to Slash Costs, Hike International Premiums

PZU SA plans to review its strategy to bolster earnings as last year’s profit collapsed to the lowest since its debut in Warsaw in 2010 after being rocked by record-low interest rates. Under Chief Executive Officer Michal Krupinski, who took …

Poland’s Largest Insurer, PZU, Appoints Executive at Bank of America as CEO

PZU SA appointed Michal Krupinski, an executive at Bank of America Inc. and former deputy treasury minister, as chief executive officer of Poland’s largest insurer, in the latest change as Poland’s new government extends its influence over the economy. Krupinski, …

Polish Insurer PZU Shares Rise after Tax Proposal Watered Down

Shares in Polish insurer PZU SA jumped most in three months as lawmakers watered down the size of a planned tax on Polish insurance companies. Shares of the country’s largest insurer rose as much as 3.4 percent, the most since …

Insurer PZU Seeks to Create Top Polish Bank after $431 Million Deal

PZU SA, Poland’s biggest insurer, is in talks to buy two banks to form one of the nation’s largest lending groups after agreeing to acquire a stake in Alior Bank SA for 1.63 billion zloty ($431 million). “We want to …

Poland’s PZU to Pay $498 Million for RSA’s Eastern European Units

PZU SA, central Europe’s largest insurer by market value, agreed to buy RSA Insurance Group Plc’s four units in the biggest foreign acquisition by a Polish financial company. PZU will pay a combined €360 million ($498 million) for Lietuvos Draudimas …