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CIG targets premium revenues of Ft 2 bln

CIG Central European Insurance, which started offering life insurance in the spring, targets revenue from premiums of Ft 1.5 billion – Ft 2 billionn in 2008, CEO Béla Horváth announced.

The target was raised from Ft 1.2 billion.

CIG will start offering general insurance from the start of 2009, Horváth said.

CIG was established by a group of Hungarian investors including Horváth, who is the former CEO of insurer Aviva, and former Central Bank (MNB) governor Zsigmond Járai. (MTI – Econews)