DENMARK: DAMAGES TOTALLING DKR 1.5-2.0BN
Article Abstract:
Danish insurance companies will have to pay damages totaling DKr 1.5-2.0bn (USD0.2-0.3bn) as a consequence of the hurricane a few days ago, according to preliminary estimates. In the short term, the four insurance companies which are quoted on the Copenhagen Stock Exchange - Topdanmark, Codan, Alm Brand and Skandia, are likely to suffer weakened market value, but in the long term, insurance companies might benefit from the hurricane, as people often pay attention to their insurance coverage after natural disasters.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1999
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POLAND: TRYG-BALTICA FOCUSES ON PROFITABILITY
Article Abstract:
Besides growth, Energo-Asekuracja, the Polish subsidiary of the Danish insurance company Tryg-Baltica, is focusing on profitability and cost control. The aim is to report profits already next year; for 1999, the company expects reaching break-even. The strategy includes offering quality products at medium prices. At present, Tryg-Baltica owns 48% of the Polish company, and aims at increasing the stake to, possibly, up to 100%, in four-five years' time.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1999
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POLAND: TRYG-BALTICA TO MAKE CAPITAL INJECTION
Article Abstract:
The Danish company Tryg-Baltica is planning for a capital injection into its Polish subsidiary Energo Asekuracja. The aim is to target the life insurance market in Poland. Peter Majgaard, head director of the Polish subsidiary, anticipates a huge growth of the market in the next few years. Energo Asekuracja aims at reaching a 1.5% market share in a few years' time. The company has a 1.2% share of the non-life insurance market at present.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1999
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