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Austrian Insurance Company enters Estonian market

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7. January 2008

Austrian insurance company Wiener Städtische Versicherung AG takes over Estonian insurer Seesam Life Insurance SE.  

WSV acquired Seesam Life Insurance SE from the Finnish group Suomi Mutual Life Assurance Company.
Seesam Life Insurance SE was founded in 1993 and has also operations in Latvia and Lithuania.
The company's turnover in all three Baltic countries was EUR 13.6 mln in 2006, an increase of 26 pct year on year.

Source: Äripäev