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Munich Re's Ergo, Unicredito expand cooperation in central, eastern Europe


Published : Thu, 10 May 2007 09:14
By : Agencies
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MUNICH (Thomson Financial) - Muenchener Rueckversicherungs AG said its Ergo unit and Italian banking group Unicredito have agreed to expand their existing cooperation in Germany, Austria and Poland to further markets in Central and Eastern Europe.

Under the new agreement, Ergo will distribute its life and non-life insurance products through branches of Unicredito subsidiaries in Romania, Slovakia, Slovenia, Hungary, Russia and Poland.

The cooperation will to be extended to Serbia, Ukraine, Bosnia and the Baltic states in the medium term.

judith.csaba@thomson.com

jcs/jlw

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