The National Bank of Serbia (NBS) has given approval to MetLife for the transfer of a part of its life insurance operations to the joint-stock insurance company Wiener Städtische osiguranje.

The transfer of life insurance portfolio will be effected as at 31 December 2013.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

MetLife’s portfolio portion that is under consideration includes rights and obligations arising from long-term endowment (mixed life insurance) and pure endowment insurance contracts.

It also comprises supplemental insurance contracts as well as reserves and liabilities concerning to valid and terminated endowment and pure endowment insurance plans.

Following the receipt of the approval, Wiener Städtische osiguranje has 30 days to conclude new contracts with the hitherto insureds of Metlife who accepted the transfer.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.