Union, owned by Dutch Achmea, is the new owner of Poštová poisťovňa
Union, owned by Dutch Achmea, is the new owner of Poštová poisťovňa. It acquired 80% of its shares from Poštová banka and the rest from Slovenská pošta. Union thus acquired 160,000 clients for life and non-life insurance. Last year, it posted a €3.3m net profit on €17m sales. Union lost €1.3m last year on €61.2m sales. Union aims to double its market share within five years.
The Slovak insurance market is consolidating. Since 2018, five insurers have left the market―Axa, Aegon, Ergo, DAS and now Poštová poisťovňa.