Uniqa, Vienna Insurance Group and Generali shortlisted to buy Slovak AXA

Austrian insurers Uniqa and Vienna Insurance Group (VIG) as well as Generali of Italy were shortlisted in the tender for the sale of the Slovak, Czech, and Polish assets of insurer AXA, according to Bloomberg sources. All three are already present in Slovakia. VIG (Kooperativa and Komunálna poisťovňa) is a market leader. If combined with AXA, Generali would strengthen its No.3 position on the Slovak market and Uniqa would jump from fifth to fourth. In addition to life and non-life insurance, the Slovak AXA is also active in the second and third pension pillars. VIG and Uniqa are not yet engaged in the second or third pillars.

(etrend.sk)