CROATIA: WIENER STADTISCHE, KVARNER TO MERGE
Article Abstract:
Wiener Stadtische osiguranje d.d., a company set up by Vienna-based Wiener Stadtische Allgemeine Versicherung AG in 1999, is to merge with Kvarner osiguranje d.d., a Rijeka-based insurance company controlled by Croatian municipalities and regional companies. The Austrians will hold 75% of the stock of the new company called Kvarner Wiener Stadtische osiguranje. Kvarner osiguranje d.d. generated a premium income of 28mn kuna in year 2000, while the Croatian insurance market was worth about 4.5bn kuna.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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AUSTRIA: BASLER EYEING WIENER STADTISCHE
Article Abstract:
Lothar Mayrhofer, chief executive of the Austrian subsidiary of the Swiss insurance group, says that Basler Versicherung sees Wiener Stadtische as an "attractive partner". The latter has a strong presence in eastern Europe, where Basler is represented merely through its sales company. However, Basler is to launch a subsidiary in Croatia in cooperation with the Chamber of Doctors, whose members are a target group. Recently Basler sold its industrial and transport insurance arm to Wiener Stadtische.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2000
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Austria/Germany: Clearance for Wiener Stadtische, HUK
Article Abstract:
The cooperation agreed upon by Wiener Stadtische of Austria and HUK-Coburg of Germany in July 2001 has been approved by the European Commission. The Austrian and German insurance company may exchange stakes of up to 20%.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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