Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) purchased 94% of the shares of the Insurance – Reinsurance Company “Donaris Group” SA based in Moldova. The transaction was finalized after obtaining the official approvals, IPN reports, quoting a communiqué from the buyer.

Founded in 1998, “Donaris” operates on the non-life insurance segment. In 2013, it registered premiums to the value of about 100 million lei (approximately €5.4m), an increase of roughly 8% compared with last year. About 80% of the premiums were generated by the car insurance segment. With a market share of 8.4% in 2012, “Donaris” ranks fourth on the non-life insurance segment of Moldova.

Currently, the company has about 50 employees working at the head office and another 70 at branches. The insurance products are sold both by the own branches and by insurance agents and in cooperation with brokers, banks and leasing companies.

VIG is the main insurance expert in Austria and in Central and Eastern Europe. With an experience of over 190 years in insurance, it has about 23,000 employees. Vienna Insurance Group is a leader on the main markets where it works, in a region with 180 million inhabitants.