Nationwide Global Holdings firms up its Nationwide life insurer

Life insurer Nationwide will soon have one of the highest initial capitals (zl. 107 million) among insurance companies, now that the general shareholders meeting approved the resolution to increase the initial capital by zl. 39 million. All the new shares will be bought by the sole shareholder of the company - Nationwide Global Holdings Inc (NGH) once formalities are completed. Jaroslaw Kubiak, a member of the Nationwide management board said, "The consecutive investments of NGH prove that the company has long-term plans for the Polish market". He went on to say, "A high capital is necessary due to the innovative character of the business our company is involved in. We do not aim at the traditional insurance market, but at investments blending the features of an investment fund, a bank and an insurance company." (Parkiet, p. 5) P.W.