POLAND: PTE ALLIANZ Polska acquires WARTA's pension fund business

PTE ALLIANZ Polska, a subsidiary of ALLIANZ Polska, announced that it will acquire PTE WARTA's pension fund business. PTE WARTA S.A. is owned by the Belgian bancassurance group KBC.

"I am pleased with this transaction as we will acquire a fund with an attractive client base that fits ours to increase our market position. This transaction will have no impact on the pension fund positions of PTE WARTA's customers, who will continue to benefit from the same level of professional service they previously enjoyed," commented Witold JAWORSKI, CEO of ALLIANZ Polska.

"This transaction is part of our strategy to focus on our core markets. It has no material impact on our P&L nor on our capital ratios," said Johan THIJS, Group CEO of KBC.

PTE ALLIANZ Polska at the end of March 2013 had PLN 8.232 billion assets under management, in total serving 555.8 thousand clients. After the integration of this acquisition, PTE ALLIANZ Polska will manage PLN 11.833 billion assets, serving 867.2 thousand clients in Poland.

Related articles

Michael KRUPINSKI, head of PZU, awarded "Insurance Manager of the Year 2016" in Poland

Michael KRUPINSKI, head of the Polish insurance leading group, PZU, has been awarded "Insurance Manager of the year 2016" by the national financial journal "Gazeta Bankowa", while the company won the "Most friendly insurance company" award in the category of motor insurance. The awards have been granted in recognition of PZU's impressing financial evolution last year, as well as of its customer centric culture.

2017-01-12

STATISTICS: Poland 3Q2016: Motor insurance still unprofitable despite the increasing premiums

The descendant trend established during the previous quarters in the Polish insurance market continued in Q3, with GWP falling by another 2%, to EUR 9.44 billion. While the absolute driver of the falling trend was again the life insurance segment, it is worth noting also that given the slightly weaker domestic currency has also a saying in the matter. Denominated in Polish Zloty, the GWP figure only shows a stagnant trend.

2016-12-22

Crop insurance seminar in Torun, Poland

Between June 27th and 29th, 2016, Polish Reinsurance Company (POLISH Re) together with CONCORDIA Insurance organized an underwriting and claims handling seminar dedicated to crop insurance, which took place in Torun, the city in the northern part of Poland. The seminar gathered more than 50 people, representatives of 10 insurance markets, such as: China, Azerbaijan, Turkey, Ukraine, Moldova, Hungary, Slovenia, Croatia, Germany and Poland.

2016-07-05

STATISTICS: POLAND, 1Q2016: maintained profitability in life insurance despite the decreasing GWP volume

The downsize trend of the Polish insurance market continued in Q1, driven by the strongly negative change recorded on the life insurance segment. Thus, total GWP amounted to EUR 3.14 billion, 10.76% less y-o-y, while the GWP decrease in life insurance GWP was of 23.37% y-o-y, to EUR 1.34 billion. The Polish zloti depreciation against euro had also a say in the significant market decrease.

2016-06-30

POLAND: AEGON takes over management of NORDEA pension fund

AEGON Poland has signed an agreement with a Nordic financial services firm, NORDEA to take over the management of NORDEA's Polish Pillar II pension fund. The deal will make AEGON Poland the fourth largest pension fund in the country. The deal is subjected to regulatory approval.

2016-06-23

ON THE MOVE

TOP EVENT

61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.

14.09.2017

photodune-3834701-laughing-girl-xs

MONTE CARLO: Live news from the "Rendez-Vous de Septembre"

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers has started yesterday in Monte Carlo. XPRIMM publications on the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel as well as at the other event's venues.

10.09.2017

See all