Insurance Post

Vienna Insurance Group agrees Latvian deal

peterhagen

Vienna Insurance Group has agreed a deal to buy Latvian insurer Baltikums, subject to regulatory approvals.

Baltikums, which is based in Riga, has an 8% market share in Latvia and also operates branches in Lithuania and Estonia.

In the 2014 financial year, the firm recorded premiums of more than €20m (£14m)

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