Benefia and Compensa merger

Benefia and Compensa insurers merged on Friday, Puls Biznesu daily reported. Both companies are owned by Austrian insurer group VIC. The merger was conducted and completed in five months. "We reached the main goal of the project, which was to create a strong company with a market share of over 5 percent, " Franz Fuchs, the general director at VIG Polska told the daily. Compensa is Poland's largest property insurer.