Vienna Insurance Group to acquire NÜRNBERGER for $1.61bn.

Vienna Insurance Group, an international insurance group, offered to acquire NÜRNBERGER, a German insurance company, for $1.61bn. "The aim of the investment is to enable sustainable and profitable growth for the NÜRNBERGER Group and to support the long-term growth strategy of VIG in CEE by diversifying the German market. With our multi-brand strategy, we offer ideal conditions for securing the location and the preservation of the strong NÜRNBERGER brand," Hartwig Löger, VIG Managing Director and CEO.