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Article: Expansion in Baltics
- Article from:
- Business Insurance
- Article date:
- September 7, 1998
- Author:
CopyrightCOPYRIGHT 1998 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GERARD O'DWYER
HELSINKI, Finland - Nordic insurers are increasingly establishing operations in the Baltic Rim countries.
In the most recent such development, Finnish insurer Sampo Insurance Co. Ltd. has founded AAS Sampo Latvija, a new non-life insurance company based in Riga, Latvia. The development is the latest of Sampo's expansions in the region.
AAS Sampo Latvija will initially focus on insuring the commercial property and liability insurance, as well as cargo coverage and motor vehicle insurance.
'Sampo Latvija will apply Sampo's product and risk management know-how in its insurance services, creating operating models that are competitive ...