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Tuesday 18.06.2019 | Name days: Madis, Alberts
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BTA Baltic Insurance Company appoints new board chairman

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUBTA Baltic Insurance Company AAS makes changes to the composition of its Management Board on 30 November 2018 – BTA Management Board Member Wolfgang Stockmeyer has been appointed as the Management Board Chairman.

Management Board Member Oskars Hartmanis will assume the post of Deputy Management Board Chairman, with the terms of the current members Evija Matveja and Tadeuš Podvorski as BTA Management Board Members extended.

During last years, BTA has become an insurance market leader in the Baltic States, ranking second in the insurance industry, by signing 156.6 million euros in gross insurance premiums in 9 months of 2018.

Wolfgang Stockmeyer started working for BTA as a Management Board Member in October 2016, following the VIG Group’s deal of purchasing BTA’s shares, the areas he became in charge of were finance, reinsurance and actuary, according to representatives of BTA.

Prior to that, from 2010 through October 2016, Wolfgang Stockmeyer worked in Vienna Insurance Group AG Wiener Versicherung Gruppe companies in Poland as a Management Board Member in life insurance company Compensa TUnŽ S.A. Vienna Insurance Group, supervising the operation of sales units, as well as a Management Board Member in non-life insurance company Compensa TU S.A. Vienna Insurance Group, being in charge of the health insurance segment.

Wolfgang Stockmeyer has a nearly 20-year long working record in the insurance field, which allows using the accumulated experience and knowledge for implementation of yet more ambitious development plans.

«I am much honoured to accept the recognition of the company’s shareholders to my work accomplished by now and to become BTA Management Board Chairman. BTA is a major market player in all the Baltic States. Proof to this statement is also the third quarter financial results – the company keeps growing, developing and strengthening its positions on the market as a leading insurer. A task of strategic importance form me at the moment will be to carry out the approved BTA Baltic strategy, which promises new challenges and success. Much has been accomplished during these years, nonetheless we have yet further goals to reach for – in terms of development of technologies, as well as other aspects. Certainly, a strong and professional team is required to accomplish this. And just as that – keen of accepting challenge and motivated specialists are at BTA right now, and I am truly delighted to work with them as a team,» says the BTA Management Board chairman Wolfgang Stockmeyer.

BTA is characterized by accessibility, humanity and reliability. Innovation, efficiency and a professional team of nearly 1000 employees in the entire Baltic region, which are rich resources to develop and evolve together – as an enterprise, as well as a member of society.


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