M&A Deal Summary |
|
|---|---|
| Date | 2016-08-24 |
| Target | BTA Baltic Insurance Company AAS |
| Sector | Insurance |
| Buyer(s) | Vienna Insurance Group |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1824 |
| Sector | Insurance |
| Employees | 25,000 |
| Revenue | 10.5B EUR (2020) |
Vienna Insurance Group is well established in all lines of business and thus offers a comprehensive customer-oriented portfolio of products and services with around 50 Group companies and around 25,000 employees in 25 countries. The Group generated slightly more than EUR 9 billion in premiums in 2016, further strengthening its market leader position in Austria and in Central and Eastern Europe (CEE), where VIG has been operating for more than 25 years. Vienna Insurance Group was incorporated in 1824 and is headquarters in Vienna, Austria.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 11 |
| Sector (Insurance) | 7 of 10 |
| Type (Add-on Acquisition) | 5 of 7 |
| Country (Latvia) | 2 of 2 |
| Year (2016) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-04 |
AXA Life Insurance S.A.
București, Romania AXA Life Insurance S.A. is a provider of life insurance services. Company provides commercial insurance for small and medium-sized enterprises; and automobile insurance, motorcycle insurance, and pet insurance. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-30 |
Merkur Osiguranje d.d.
Zagreb, Croatia Merkur Osiguranje d.d. is a product portfolio mainly comprises life insurance sold through financial intermediaries such as banks and insurance brokers. In 2016 the company recorded gross written premiums of around EUR 14 million. Overall, it has a 4.4% market share in Bosnia-Herzegovina*), but accounts for about 21% of the life insurance market. Merkur has around 75 employees. |
Buy | - |
