trending Market Intelligence /marketintelligence/en/news-insights/trending/jhcbypy1l75rchwwzkikuw2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

ERGO Group completes acquisition of Romanian nonlife insurer

Shareholder Advocates Say New SEC Policy To Prompt Litigation, Less Transparency

Groups Urge Business Roundtable CEOs To Act On New Corporate Purpose Declaration

State of South Korean OTT Video: Subscription

Global Streaming Media Device Sales Forecast To Flatten In 5 Year Outlook


ERGO Group completes acquisition of Romanian nonlife insurer

units andERGO Versicherung AGcompleted the acquisition of all shares in Romanian nonlife insurance companyCredit Europe AsigurariReasigurari SA, following final approval from the Romanian FSA.

The purchase price was notdisclosed.

Credit Europe Asigurari willcontinue to operate under the ERGO brand following completion of the rebranding,ERGO said. All insurance policies will remain in place and will not be modifiednow that they are part of the ERGO brand.

Having completed the acquisition,ERGO now offers both life and nonlife insurance in Romania, having already beenactive in the life segment since 2010 through ERGO Asigurari de Viata.

Credit Europe Asigurari recorded€9.1 million in premiums in 2015. Its product portfolio includes mainly propertyand casualty insurance, motor insurance, personal accident insurance, travelhealth insurance and liability insurance.

Munich Re is the ultimate parent of ERGO Group.