TUW Concordia to get a further cash injection which should see it in the black

"This year the insurer will have its capital increased by zł.5 million. The plan for next year is similar. Profitability is constantly improving and in 2007 a further capital injection from the shareholders will not be necessary. We plan to be in the black in 2007, or in the worst scenario record a small loss (as of end of September 2005 losses amounted to zł.5.5 million)," said Piotr Narloch, TUW Concordia president. The additional capital will be used to further develop sales. By the end of the year company representatives plan to collect from non-life insurance around zł.60 million in premiums, a figure which stood at zł.39 million at the end of September. "The last quarter is always good to us. I see no reason why should it be different this time," added Narloch. (Puls Biznesu, p. 6) A.K.