VIG to become a top insurance player in the Baltics

Vienna Insurance Group acquired the majority of shares in BTA Baltic Insurance Company AAS (BTA Baltic), which is headquartered in Latvia and has branch offices in Lithuania and Estonia. The final regulatory approval for the purchase agreement signed in December 2015 was granted, and the transaction was closed today. Through the acquisition of BTA Baltic Vienna Insurance Group becomes one of the top 3 insurers in the non-life market of the Baltic States, having the largest sales network in Latvia.