Investor announcements
EXTRAORDINARY INFORMATION on the conclusion of a partnership agreement
2021. 11. 12.

CIG PANNONIA LIFE INSURANCE PLC. (registered office: H-1097 Budapest, Könyves Kálmán körút 11.B, company registration nr.: 01 10 045857, hereinafter referred to as Company) hereby informs the Esteemed Investors that on November 11, 2021, its 100% subsidiary, CIG Pannonia First Hungarian General Insurance cPlc. (registered office: H-1097 Budapest, Könyves Kálmán krt. 11.B; company registration nr.: 01 10 046150) (EMABIT) as Principal entered into a partnership agreement (Agreement) with UNION Vienna Insurance cPlc. (registered office: H-1082 Budapest, Baross u. 1., company registration nr.: 01-10-041566) (UNION). The Agreement shall enter into force on the 6th working day from the day on which the Principal notifies the Magyar Nemzeti Bank, as the Supervisory Authority, of the fact of outsourcing. Thanks to the Agreement, the CIG Pannonia Group will further expand the scope of its nonlife insurance and will offer travel insurance to its retail customers from January 2022. The Company recalls that this agreement and the legal relationships arising from it are an integral part of the long-term business strategy announced in July, which aims to ensure vigorous and dynamic development and increase market share well delineated in time.







Disclaimer: All information contained within this article is for information purposes only, and shall not be considered an official translation of the official communication referred to herein. This document does not include the integral wording of the official communication referred to herein, the original Hungarian language version of it remains to be the solely legally binding material in the subject matter. For further information, please do not hesitate to contact us. 

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