Polish market News

Explosion at Coking Coal Mine in Poland Kills at Least 5 People

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 …

NN Group to Acquire MetLife’s Polish and Greek Businesses for $693 Million

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 …

Update: Allianz to Purchase Aviva Poland for $2.9 Billion, Winning Bidding War

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 …

Generali Raises Bid for Aviva Poland in Battle with Dutch Insurer NN: Sources

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 …

Aviva Pushes Back Deadline for Final Offers for Polish Operations: Sources

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 Bolsters Position in E. Europe with Purchase of Aegon Unit

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 to Acquire Polish Asset Management Firm, Union Investment TFI

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 …

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, …

AXA to Buy Liberty Ubezpieczenia, Polish P&C Operations of Liberty Mutual

AXA announced it will acquire Liberty Ubezpieczenia, the Polish property & casualty operations of Liberty Mutual Insurance Group for 92.3 million Polish Zloty ($23 million), plus the net asset value outstanding as of the date of closing. Liberty Ubezpieczenia is …