Insurance

Fitch: Re/insurer M&A interest persists in 2018

The combination of continued competitive pressures, the effects of U.S. tax reform and catastrophe losses in 2017 is leading to speculation of more M&A among re/insurers in 2018, especially in the Bermuda market, said Fitch Ratings in a press release.

VIG aquired Bosnian life insurer MERKUR Osiguranje

Vienna Insurance Group bought on the Sarajevo Stock Exchange, for about EUR 13 million, a package of 6,000 shares of the Bosnian life insurer MERKUR Osiguranje, the local subsidiary of Graz-based insurer Merkur International Holding AG, informed the local financial news portal Biznis Info.