July 11, 2014 4:49 AM ET

Insurance

Company Overview of Union Poistovna, a.s.

Company Overview

Union Poistovna, a.s. provides travel and health insurance services. It provides contractual as well as non-contractual health care services (hospitals, health centers, individual doctor’s clinic and above standard health care providers as well). The company operates in Slovak Republic through a distribution network of direct sales, broker distribution, call centre, and Internet. The company was founded in 1992 and is based in Bratislava, Slovakia. Union Poistovna, a.s. operates as a subsidiary of Achmea B.V.

Bajkalska 29/A

Bratislava,  813 60

Slovakia

Founded in 1992

Phone:

421 850 111 211

Fax:

421 253 421 108

Key Executives for Union Poistovna, a.s.

Union Poistovna, a.s. does not have any Key Executives recorded.

Union Poistovna, a.s. Key Developments

Union To Prevent Government From Acquiring Or Nationalizing It

Hospodarske Noviny reported citing Roman Podolak, head of Union Poistovna, a.s. that Union will take every possible step to prevent the government from acquiring or nationalizing it. In July 2012, the cabinet had approved the government to Union and DOVERA zdravotna poistovna, a.s. and unite them with Vseobecna Zdravotna Poistovna, a.s. to strengthen the state's healthcare system.

Slovakia To Acquire DOVERA And Union Poistovna

Slovakia intends to buy out or annex DOVERA zdravotna poistovna, a.s. and Union Poistovna, a.s. Prime Minister Robert Fico said the move would be very carefully carried out to avoid trouble in court as he expected investors to fight his plan. Fico said, "It would be ideal if we could reach an agreement on the buy-back. In case we will not reach an agreement, we will use the expropriation measure. This is a standard procedure written down in the constitution and known also elsewhere in Europe. This (expropriation) is in the public interest and is in return for compensation (for the investor.)" Fico said he was ready to sell unspecified state assets to raise capital for the acquisition and intends to complete the process by the end of 2013.

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