Zurich Group boosts Austrian presence

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SWITZERLAND - Insurance company Zürich Kosmos Versicherungen, the Austrian arm of the Zurich Financial Services Group, is to take over insurance company Winterthur Versicherungs, Vienna, a subsidiary of Credit Suisse-owned Winterthur.

The buy is intended to strengthen Zürich Kosmos’ market position in Austria. Vienna-based Winterthur Versicherungs – which comprises of Pensionskassen and Wintisa Management and Consulting – will ...

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