VIG acquires 80% of Moldasig

Vienna Insurance Group (VIG) has acquired an 80% stake in Moldasig S.A., making it the market leader in Moldova with an estimated 30% market share. Moldasig, founded in 2002, is one of the country’s largest non-life insurers with around 14% market share, over 100 offices, and products spanning motor, home, and health.

The deal follows VIG’s 2014 entry into Moldova with the acquisition of Donaris. The transaction, completed through a public auction and subject to competition authority approval, reinforces VIG’s footprint in Central and Eastern Europe, where it operates more than 50 companies across 30 markets.