ADVERTISEMENT

CIG Pannonia Life Insurance injects HUF 550m in non-life-insurance unit

Deals

Hungarian insurer CIG Pannonia Life Insurance has raised the capital of its non-life-insurance unit, CIG Pannonia Első Magyar Általános Biztosító by HUF 550m in order to facilitate the start of the company's active operations, CIG Pannonia Life Insurance announced on Monday.

The capital raise was registered by the Budapest Court.

HUF 545m of the capital raise went into the unit's capital reserves and the remaining HUF 5m raised the registered capital, to HUF 990m.

CIG Pannonia Life Insurance is a B-category issuer at the Budapest Stock Exchange.

ADVERTISEMENT

Czech economic confidence weakens in October Analysis

Czech economic confidence weakens in October

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.