Should insurance companies Hestia and Compensa join together or not?
It appears insurance companies Hestia and Compensa, operating independently
in Poland, are in fact controlled by the same German company Munich Re.
Thus, they are competing against each other unnecessarily. The best possible
solution to the problem would be to consolidate the two companies into one.
However, Hestia specializes in property insurance, while Compensa
specializes in financial and car insurance. No decision has yet been made as
to the future of both companies, but STU Hestia Insurance and Alte Leipziger
Hestia say they will announce a new strategy for the next two years by the
end of the year. So far, the only announcement has been an intention to
increase Hestia's capital by zl. 60 million. Compensa's position is not
clear, but it is considered the weaker of the two companies. (Puls Biznesu
page 5) A.D.
