Insurance

International Internet Magazine. Baltic States news & analytics Saturday, 02.07.2016, 05:00

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Vienna Insurance Group in Latvia allowed to buy BTA Baltic Insurance Company

Vienna Insurance Group in Latvia allowed to buy BTA Baltic Insurance Company

27.06.2016

The Latvian Competition Council has allowed Austria's Vienna Insurance Group AG (Wiener Versicherung Grupp [VIG]) to take over Latvia's BTA Baltic Insurance Company (BTA Baltic), the competition watchdog informed LETA.

Keyword tags: EU – Baltic States, Financial Services, Insurance, Latvia, Legislation, Mergers and take-overs



Latvian Motor Insurers’ Bureau files for insolvency of Balva insurer

Latvian Motor Insurers’ Bureau files for insolvency of Balva insurer

16.06.2016

The Motor Insurers' Bureau of Latvia (LTAB) has filed for insolvency of the to-be liquidated Balva non-like insurer, informs LETA.

Latvian insurers post EUR 2.7 mln in Q1 profit

Latvian insurers post EUR 2.7 mln in Q1 profit

13.06.2016

In the first quarter of the year 2016, Latvian insurers earned EUR 2.7 million in profit, which is by 36% more than in the respective period last year, The Finance and Capital Market Commission reported LETA.


Balta non-life insurer posts EUR 1.2 mln in Q1 profit

Balta non-life insurer posts EUR 1.2 mln in Q1 profit

31.05.2016

Latvia’s Balta non-life insurer in the first quarter of the year 2016 posted EUR 1.2 million in profit, the company said in a statement to the press, cites LETA.

Balta insurer closes 2015 with audited net profit of EUR 1.2 mln

Balta insurer closes 2015 with audited net profit of EUR 1.2 mln

18.05.2016

The audited net profit of Balta insurance company in Latvia in 2015 was EUR 1.2 million, and premiums subscribed grew 22% from 2014, the company said LETA.

11.05.2016

Baltic profits of If insurer at EUR 3.1 mln in Q1

If P&C Insurance insurance company in Estonia and its subsidiaries in Latvia and Lithuania made EUR 3.1 million in profit in the first quarter of 2016, the company said LETA.

09.05.2016

Insurance market in Lithuania grew to EUR 160 mln in Q1

Lithuania's insurance market, as measured by premiums written, grew to 159.206 million euros in the first quarter of the year 2016, up 5.6% from 150.723 million euros in the same period last year, informs LETA, according to figures from the Bank of Lithuania.

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