UNIQA increases involvement in Bulgaria

The UNIQA Group expanded its commitment in Bulgaria at the beginning of 2007, by taking over an additional 31% of Vitosha. This brought UNIQA’s portion of Vitosha’s share capital up from 20% to 51%. In order to make the integration of the Bulgarian Vitosha companies visible they have already been renamed to UNIQA.

UNIQA cooperating with largest Albanian insurance company

At the end of March 2007, UNIQA agreed on a cooperation with Sigal, the largest Albanian insurance group. Sigal has a premium volume of about € 20 million, a market share of 28% and is Albania’s largest insurance company with a corresponding market presence in Kosovo and Macedonia. UNIQA will support Sigal in the areas of product development – above all, in life and health insurance – as well as training and marketing.

The agreement also provides an excellent basis for expanding the preferred partnership in these dynamically developing regions in South-Eastern Europe. In addition, UNIQA has secured an option to acquire the majority of Sigal as of 2010.