International Internet Magazine. Baltic States news & analytics
Friday, 21.11.2014, 00:45
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.
Keyword tags: Financial Services, Insurance, Latvia, Legislation, Real Estate
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.
In the first three quarters of 2014 budget revenue of the State Social Insurance Fund (SoDra) increased by approximately LTL 500 million (EUR 145 million) year-on-year, based on preliminary data, cites LETA/ELTA.