International Internet Magazine. Baltic States news & analytics
Thursday, 27.11.2014, 10:03
Over the three quarters of the year 2014, the insurance market in Lithuania, in terms of premiums written, increased by 6.3% and amounted to almost LTL 1.5 billion. Such growth was driven by rapid expansion of the life assurance sector, reported BC press service of the Bank of Lithuania.
Keyword tags: Banks, Financial Services, Insurance, Lithuania
Joint-stock insurance company BTA Insurance Company (BTA) has renewed its insurance policy for the Freedom Monument in Riga for the 11th year in a row, as a gift to the Riga City Council, reports LETA.
Estonia-registered insurance company If P&C Insurance and its subsidiaries in Latvia and Lithuania, earned EUR 17.4 million in January-September 2014, informs LETA.
On 31 October 2014, subsequent to obtaining the required consents and approvals from market regulators, PZU SA has finalized its contract with the RSA Group to purchase the Lithuanian company doing business as Lietuvos Draudimas and the Estonian branch of Denmark’s Codan Forsikring A/S, reported BC international communication officer at PZU Group Agnieszka Zebrowska.
The largest Lithuanian capital bank – Siauliu Bankas – is expanding its activities in leasing area and strengthening its steps in a life insurance market, reports LETA/ELTA.
Insurance company BTA Insurance Company (BTA) in Latvia racked up EUR 133.1 million in premiums in the first nine months of 2014, which is 8.4% more than in the first none months of 2013, informs LETA.
Latvian Financial and Capital Market Commission approved new persons joining Management Board of Balta, leader of Latvian insurance market: Mr.Bogdan Benczak, who will be the new CEO of Balta, and Mr. Rafał Rybkowski – the new CFO.