Cigna STU to get cash injection to fund development

The company needs capital due to its dynamic development. In Q1 2006 its revenues from polices increased by 44% and amounted to zl.108.4 million which enabled it to win sixth position on the list of the largest property insurers. "We maintained the growth rate in April," declared the president of TUiR Cigna STU Jan Bogutyn. The company's general shareholders' meeting is to take place in June and it is probable that it will decide about the increase of the company's capital through the share issue. Most of the money will be allocated for deposits while "We will allocate a part of the funds for the modernization of the IT system". (Puls Biznesu, pp. 1, 8) E.B.