PKO TU to launch operations in Q2

Polish financial watchdog KNF has given green light to the establishing of PKO Towarzystwo Ubezpieczeń (PKO TU), an insurance subsidiary of PKO BP, Poland's largest lender. The new insurer will start operating in the second quarter of 2015. PKO TU will offer life and property insurances, 11 products in total. The application was submitted in June 2014.