Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) with its registered office in Vienna, Austria, is one of the largest international insurance groups in Central and Eastern Europe with approximately 25,000 employees.[2]
History
The history of Vienna Insurance Group dates back to 1824,[2] with the founding of the ''k.u.k. priv. wechselseitige Brandschaden Versicherung''.
In the end of the 1980s, the company started expanding in central and eastern Europe, founding Kooperativa in Czechoslovakia.[3]
In 1994, the company was transformed into a corporation, and 11% of the stock was introduced on the Vienna Stock Exchange, in the form of preferred shares. Those were changed into common shares in 2005, as the company increased its capital by about €900 million to finance acquisitions.