Hungary’s Orban Comes Under Fire From German Investors Decrying Cronyism May 1, 2024 By Zoltan Simon and Marton Eder German companies have long treated Hungary like their backyard. Carmakers Mercedes Benz AG and BMW AG and Volkswagen AG’s Audi...
Hungary Eyes Raising Domestic Ownership in Sectors Such as Insurance May 19, 2022 Hungary should boost domestic ownership in more key sectors in addition to banking, media and energy, a cabinet minister-designate said...
Vienna Insurance Group Completes Purchase of Aegon’s Hungary Business for €620M March 24, 2022 By L.S. Howard Vienna Insurance Group (VIG) acquired the business of the Dutch insurer Aegon in Hungary for €620 million ($682.6 million) after...
EU Orders Hungary to Cancel Its Veto of Sale of Aegon Unit to Vienna Insurance February 22, 2022 By Aoife White Hungary was ordered by the European Union to cancel its decision to block the sale of Dutch insurer’s Aegon NV’s...
Hungary’s Surprise Veto of $1B Aegon Deal with Vienna Insurance Sparks Dutch Outcry April 20, 2021 By Veronika Gulyas and Alberto Nardelli The Dutch government has raised concerns with Hungarian officials after a decision in Budapest to block the sale of Aegon...
Vienna Insurance Bolsters Position in E. Europe with Purchase of Aegon Unit November 30, 2020 By Boris Groendahl and Colin Keatinge Vienna Insurance Group AG bolstered its position as the biggest insurer in central and eastern Europe by agreeing to buy...
Reinsurance Fraud Triggers Stock Plunge in Lehman-Founded Hungarian Insurer October 25, 2019 By Veronika Gulyas Hungarian insurer Cig Pannonia Nyrt., which lists Lehman Brothers as one of its founders, lost as much as a quarter...
Record Flooding Impacts Southeast Europe: AIR Analysis May 20, 2014 According to catastrophe modeling firm AIR Worldwide, Southeast Europe is experiencing record levels of flooding after three months’ worth of...
Swiss Re Estimates Europe Flood Claims at $300 Mn; Overall Losses $3.5-$4.5 Bn July 8, 2013 Swiss Re has estimated that its claims burden from recent flooding in central and Eastern Europe is approximately $300 million,...
MetLife to Acquire Aviva’s Czech, Hungarian, Romanian Operations January 30, 2012 MetLife, Inc. announced that it has agreed to acquire the life insurance businesses of UK-based Aviva plc in the Czech...