CIG Pannonia enters Italian market

Deals

CIG Pannonia Life Insurance's general-insurance unit, CIG Pannonia First Hungarian General Insurance, has started to offer special surety-type insurance for carriers in the form of cross-border service to Italy, CIG Pannonia Life Insurance announced on Thursday.

The company said that it had already obtained the necessary operating permits and notified both the National Bank of Hungary and relevant supervisory authorities in Italy of its intention to sell the insurance. CIG Pannonia said that the decision to enter the Italian market was based on the success of sales activity in Hungary and Poland.

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