1asig.ro
 About us  Contact  Site Map   Login   


Search
HomeInsurance marketEventsPublicationsXPRIMM TV  
 News 
 FSA 
 Insurers 
 Insurance Brokers 
 Interview of the week 










CEE, Russia & CIS

Back

AXA acquires B&B Insurance in Belarus


AXA announced on the December 29th 2010 its 80% B&B Insurance Belarus share purchase, a company holding the first place on the local profile market and the second place on the local non-life insurance market.

B&B Insurance activates on the property and casualty segment, in which the company holds a market share of 10% (with a EUR 29 million turnover in 2009) and on other segments, where the market share varies between 20% and 40%.

"The acquisition of B&B is an excellent opportunity for AXA to enter the Belarusian market, currently in development. We wish to repeat our success from Ukraine, where we became market leaders in 3 years, taking advantage of the cultural and geographical bonds between the two countries", declared Cyrille de MONTGOLFIER, CEO of AXA CEE.

The transaction is to be finalized in the first quarter of 2011 after the relevant authority's approval.
The insurance market in Belarus has a significant growth potential, penetration rate on Motor Hull insurance being under 20%, and of 15% for household insurance.


Author: Mihai CRACEA on 17.01.2011




Comment this article
0 comments

Atention! "Comment" and "E-mail" are mandatory
Name:
If you are not logged on, your name will appear preceded by '(Anonymous)'. For authentication, click here
If you are logged on and you do not fill in your name, will be used the name that you used when you registered
E-mail:

Comment:
< 10.000 car.

  Security code
Fill in the code from the image:
























Copyright 2021 (c) 1asig.ro
powered by Media XPRIMM