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German company to merge Baltic insurers

Jul 01, 1999

VILNIUS (BNS) – The German insurance company Alte Leipziger unveiled plans to merge six joint ventures operating in Lithuania, Latvia and Estonia.Hans Dieter Knuettel, a member of the Alte Leipziger board, said at a news conference in Vilnius that the plans were aimed at creating a common Baltic insurance market.Alte Leipziger has set up two joint ventures in Lithuania, Drauda and Draudos Gyvybes Draudimas, two in Latvia, Rigas Fenikss and Rigas Fenikss Life Insurance, and two in Estonia, Bico a ...

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