Largest Czech insurer to be created in shock merger

Largest Czech insurer to be created in shock merger

Published at: 2019-09-19 12:59 | Author: CIJEurope.com
The insurance companies Ceská pojišťovna (ČP) and Generali have merged to create the largest insurer in the Czech Republic. The new financial giant will trade under the name Generali Ceská pojišťovna. The two companies claim that the customers of both companies will benefit as they will have access to a wider range of products, both on the retail, business and the industrial side of the business. České spořitelny Kooperativa, the result of a previous merger, will be replaced at the top of the country's insurance sector once it is approved by regulators.

Similar Stories:

CPI issues €750m in bonds for Warsaw acquisitions
CPI Property Group has issued €750m in unsecured green bonds. They offer a nominal yield  »
Steiermarkische Bank und Sparkassen takes over Ohridska Bank
Steiermarkische Bank und Sparkassen has acquired a majority stake in Ohridska Banka, with  »
Hungary’s sovereign rating stays at Baa3
Moody’s has decided to keep Hungary’s sovereign rating at Baa3 with a stable outlook.  »
Czech insurers propose CZK 10bn investment into affordable housing
The Czech government's attempts to reduce its spending deficit is forcing it to look  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »