On 28 May 2019 the 25th Financial Supervisory Authority meeting was held. During the meeting the institution gave the life insurance companies – Generali and Concordia – consent to merge.
Moreover the financial watchdog gave consent to appoint Maciej Fedyna to become the CEO of both Concordia insurance companies (life and non-life).
“We are glad of expanding our activity in Poland. The merger will make possible for our clients a wide choice of insurance products. Moreover, due to the merger we will increase our organizational structure by experts from Concordia who have experience in agro business and cooperation with the cooperative banks sector – our new business partner. Thanks to that we can offer to our clients better products and improve our service process. We can be a life partner for our clients to support them and protect their risks in their private and business lives.
