Colonia Baltic pulls out of retail after sale of Axa shares.
Colonia Baltica is pulling out of UK property, engineering, and liability business, following the sa...
Colonia Baltica is pulling out of UK property, engineering, andliability business, following the sale of Axa Colonia's shares in the
company to Danish company Tryg-Baltica Insurance.
Tryg-Baltica previously had a 50% shareholding in Colonia Baltica and is
now the sole shareholder in the company. The Danish insurer said it is
looking to enhance its position as a London market insurance and
reinsurance company, and will eventually integrate Colonia's non-UK
business into its own structure.
Colonia is
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