ATE Insurance

Euroins Insurance Group has concluded an agreement to acquire four insurance companies in three European countries - Romania, the Czech Republic and Belarus, the company said. The companies are subsidiaries of the German ERGO - one of the leading insurance groups in Europe and part of Munich Re, which is one of the world's largest reinsurance companies, reports money.bg

Piraeus Bank, Greece’s second-largest lender by assets, has agreed to sell its ATE Insurance business to Ergo Insurance Group, a subsidiary of German reinsurer Munich Re, for 90.1 million euros in cash.