Vienna Insurance Group has completed the merger of non-life insurers InterRisk and PZM to expand its market presence in Poland.
InterRisk and PZM achieved premiums of over EUR80m in the first quarter of 2012 and the two companies will trade under InterRisk brand to distribute the products.
Vienna Insurance general manager Peter Hagen said that the concentration of market presence results in sales and back office synergies that the company will use for the intensification of customer service.
"We will continue to expand our business in Poland through perfect customer service combined with modern insurance products."
For the first quarter of 2012, Vienna Insurance achieved premiums written of EUR319.6m.
Non-life premiums written amounted to Eur160.2m for the quarter while the life insurance segment generated premiums written of EUR159.3m.
