Vienna Insurance Group (VIG) has completed its acquisition of Germany’s NürnbergerBeteiligungs after obtaining the required regulatory clearances.
The deal was described as the “largest” transaction in the company’s history.
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VIG began assessing a majority investment in Nürnberger in summer 2025.
After completing due diligence, it launched a voluntary public offer in October 2025 to acquire up to 100% of the company’s share capital, valuing the business at €1.38bn.
Following the close of the deal, VIG now owns 99.2% of Nürnberger’s share capital and voting rights.
The company will maintain Nürnberger’s brand identity.
Nürnberger CEO Harald Rosenberger said: “As part of Vienna Insurance Group, we will significantly accelerate our transformation into a prevention insurer – a strong positioning from which our customers, our sales partners and our employees will benefit. We very much look forward to starting our collaboration and taking the first joint steps.”
VIG offers insurance services to more than 33 million customers through 50-plus insurance companies and pension funds across 30 countries in central and eastern Europe (CEE).
VIG CEO and managing board chairman Hartwig Löger said: “We are delighted that we managed to obtain the approvals faster than expected. We will contribute VIG’s expertise to the strategic direction of Nürnberger and position it as a leading provider of biometric solutions also within our Group.
“With its strong brand, Nürnberger enriches our broad portfolio of companies and supports our sustainable growth strategy in the core CEE market via increased diversification through the German market.”
In 2025, VIG won a public auction to acquire an 80% holding in Moldovan non-life insurer Moldasig.
