Vienna Insurance Group (VIG) has won a public auction to acquire an 80% stake in Moldovan non-life insurer Moldasig.
VIG said the move will position it as a leader in the Moldovan insurance space with a market share of around 30%.
In May 2025, the company placed a bid to purchase an 80% interest in Moldasig.
The deal is expected to conclude shortly, pending standard closing conditions and clearance from the Moldovan competition authority.
Moldasig, with its headquarters in Chișinău, offers a diverse portfolio of non-life insurance products for individuals and businesses.
VIG deputy CEO and managing board member responsible for Moldova Peter Höfinger said: “This acquisition demonstrates our strong commitment to the Republic of Moldova. Our strategic objective is to contribute to the better service of the Moldovan economy and its citizens by further strengthening the insurance sector.
“We have confidence in Moldova’s European integration trajectory and intend to apply our international expertise to enhance stability and risk protection, for the benefit of society at large. We would like to specifically mention the transparent and professional organisation of the process by authorities of the Republic of Moldova as well as to express our gratitude for their trust in VIG as a long-term partner.”
Since its entry into the Moldovan market in 2014 through the acquisition of Donaris, VIG has established a customer base of more than 120,000.
VIG reported profit before taxes of €261.1m ($303.39m) for the first quarter of 2025, a 7.5% increase from the previous year.
The insurer’s gross written premiums escalated by 8.3% year-on-year to €4.6bn, largely driven by its operations in Poland and the extended central and eastern Europe region, particularly Romania, Bulgaria and Slovakia.
“VIG wins auction to acquire 80% stake in Moldasig ” was originally created and published by Life Insurance International, a GlobalData owned brand.
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