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...
Generali CEO Says Insurer Has Financial Strength for M&A Deals March 12, 2024 By Sonia Sirletti Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according...
Generali CEO’s Strategic Wishlist Includes €10 Billion Deals March 7, 2024 By Sonia Sirletti , Daniele Lepido and Tommaso Ebhardt Assicurazioni Generali SpA is analyzing a range of potential takeover candidates as part of the insurer’s growth plans, with some...
Aon, Lloyd’s and Vienna Insurance Group to Provide Re/Insurance for Ukraine Recovery June 21, 2023 Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery...
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...
Vienna Insurance Agrees to Share Ownership of Hungary Unit to Save Aegon Deal December 28, 2021 By Marton Eder Vienna Insurance Group AG agreed to share ownership of its Hungarian operations with a state investment fund after months of...
Czech Utility CEZ Manages to Find Insurance After 2 Providers Exit from Coal Coverages June 21, 2021 PRAGUE — Czech utility CEZ said on Friday [June 18] it had found alternative insurance for its coal-fired power plants...
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...