traded as bpse cig bux component industry insurance financial services founded 2007 headquarters budapest hungary area served central europe key people dr. m ria kir ly chairman dr. gabriella k d r ceo products life and non life insurance commercial & consumer life & retirement insurance revenue us 123.1 million 2012 1 website cigpannonia.com cig pannonia life insurance plc. is a hungarian multinational financial services company headquartered in budapest . its core business and focus is life and non life insurance . at present cig pannonia is engaged in the life insurance business in hungary romania and slovakia . history edit the company was founded on 26 october 2007 by well known and acknowledged public figures and insurance experts from hungary ; its original name was cig central european insurance company . former minister of finance and chairman of the central bank zsigmond j rai was appointed to chair the supervisory board which represents the owners . b la horv th former top executive of various hungarian insurance companies was appointed as the chairman of the board of directors . the position of the ceo has been filled by dr. ott csurg since 18 april 2012 who is also the ceo of cig pann nia first hungarian general insurance plc. the company is heir in spirit to the first hungarian general insurance company els magyar ltal nos biztos t t rsas g founded in 1857 by henrik l vay . in those days as well as nowadays hungary lacked an insurance company run by hungarian management focusing on the hungarian market and supported and privately financed by recognized and credible hungarian personalities . back then just like today it was necessary to have a professional leader with an intimate knowledge of the local economy and the opportunities of the insurance market who had the organisational expertise necessary to build an entire new insurance company who had significant past achievements and could convince major supporters to back the cause of founding a new insurance company . the first step of the company s regional expansion was the launch of the sale of its products in romania in may 2009 . later in september 2010 the company began its sales activities in slovakia as well . on 1 september 2010 the company became a public limited company and is now called cig pann nia life insurance plc. cig pann nia letbiztos t nyrt . . the subscription procedure in october 2010 was highly successful and drew massive public interest . later after the initial public offering the company requested to be listed on the budapest stock exchange and from 2011 listed on bse s prime market . 2 3 references edit annual report 2012 pdf . cig . retrieved 30 may 2013 . http www.marketwatch.com investing stock cigpannonia countrycode hu http www.bloomberg.com quote 0ck gr profile external links edit official website companies portal v t e bux companies of hungary any security printing appeninn asset management cig pannonia life insurance budapest electricity works north hungarian electricity supply fhb bank graphisoft park magyar telekom mol group otp bank pannergy r ba automotive group gedeon richter zwack unicum v t e major insurance and reinsurance companies insurance composite aegon ageas aig allianz allstate aon aviva axa china pacific insurance china taiping generali ing japan post insurance national mutual insurance federation of agricultural cooperatives ping an insurance prudential plc pzu state farm insurance the hartford unipol unipolsai usaa vienna insurance group zurich insurance group farmers insurance group general insurance berkshire hathaway bnp paribas bradesco seguros direct line group hyundai marine & fire insurance if p & c insurance insurance australia group liberty mutual mapfre ms & ad insurance group picc qbe insurance rsa insurance group samsung fire & marine insurance sompo japan tokio marine travelers xl group life insurance aia aviva bupa china life cnp assurances dai ichi life great eastern jackson legal & general lic india lincoln manulife financial meiji yasuda life metlife new york life nippon life northwestern mutual old mutual phoenix group prudential financial samsung life scottish widows standard life sumitomo life sun life swiss life taikang life reinsurance gen re hannover re lloyd s of london munich re reinsurance group of america scor swiss re xl group methodology applicable fy2013 14 revenues of over us 3 billion retrieved from https en.wikipedia.org w index.php title cig pannonia & oldid 735388268 categories companies based in budapestcompanies established in 2007companies listed on the budapest stock exchangeeconomy of hungaryhungarian brands navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools 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