This holding will comprise all the foreign insurance subsidiaries and participations. It will serve as a strategic control unit for all insurance, from market observation in defined target markets to control of subsidiaries and participations and coordination of branches as service activities. The first three quarters were very successful for almost all the foreign subsidiaries of the Group, especially. CRP and Austria Milan, which showed above-average growth..

Fully consolidated insurance abroad:

CRP, Prag
Delimited premiums:CZK 647,5 Mio           + 38,8%
Claims paid: CZK 219,5 Mio.                      + 25,4%
Share: 83,3%

OTCINA, Bratislava
Delimited premiums: SKK 571,2 Mio.           + 0,3%
Claims paid: SKK 367,1 Mio.                       + 34,0%
Share: 99,4%

AUSTRIA, Genf        
Delimited premiums: CHF 30,9 Mio.           + 8,0%
Claims paid: CHF 29,5 Mio.                       + 4,6%
Share: 100%

AUSTRIA, Mailand        
Delimited premiums: ITL 33,5 Mrd.           + 9,5%
Claims paid: ITL 16,1 Mrd.                       + 11,0%
Share: 100%

EBRD invests in UNIQA subsidiary
Already in 1999 the EBRD (European Bank for Reconstruction and Development)  will acquire a 20% (Kuna 8 million) stake in the UNIQA subsidiary in Croatia, Austria Osiguranje. This participation was based on a "multi-project facility agreement" made in 1998 between the EBRD UNIQA (then still under the name BARC) which formed the basis for EBRD investments in insurance projects of the UNIQA Group Austria in Central and Eastern Europe. Already in May 1999 the EBRD took a 16.67% share in the UNIQA subsidiary CRP in Prague.

Polish market still interesting
First negotiations on participation in a Polish insurance company have so far yielded no results. However, possibilities of entering the Polish market are still being intensively analysed and pursued.