Austrian insurance group UNIQA said this week its unit SIGAL UNIQA has been granted a life insurance permit in Kosovo. UNIQA has been operationally active in the property insurance segment in Kosovo since 2003.

The Kosovo market is reduced as volume, but it is constantly expanding, registering underwritings of about EUR 60 million. "We expect that over the coming years it will reach EUR 90 million, because we expect many investors to take over the former state-owned factories. The privatization process is coming to an end, and the insurance sector will grow with it", stated Visar RRUSTEMI, General Director, KOSOVA E Re, in an interview for XPRIMM.TV, during the Annual Meeting of Reinsurers in Monte Carlo.

Reinsurance company SAVA Re signed a deal on the purchase of 49 percent stake in Kosovo property insurance DUKAGJINI, in which it already controls a majority ownership stake. Fixed part of the price for the purchase of this stake, in the amount of EUR 8.5 million, will be paid at the beginning of 2011.