After holding the position of the Chairman of the Management Board of BTA Baltic Insurance Company AAS (BTA) for six years Jānis Lucaus has decided to leave BTA to pursue new challenges.

After more than ten years in the management of BTA, six of them as the CEO, Jānis Lucaus wishes to take on new challenges in his professional career and will leave the company as of 1 May this year. During his tenure as the Chairman of the Management Board, BTA has shown considerable growth at the rate of 65% reaching EUR 164.6 million in gross written premiums in 2017. The technical result since 2012 has improved 2.5 times reaching EUR 7.6 million. In 2017, the income before taxes reached EUR 8.7 million, a record for BTA during the last six years. This allows the executive team of BTA to continue the same course and retain the position of the leading insurance company in the Baltic States.

“I am pleased with the performance of the BTA team in the development of the company and express my gratitude for their hard work, dedication and integrity. I am sure that the company will achieve its goals further on as well and keep on going as one of the leading companies of the industry and a significant player in the economy of Latvia,”  says Jānis Lucaus, Chairman of the Management Board of BTA.

BTA is a member of the biggest international insurance group in CEE, Vienna Insurance Group. The strategic goal of BTA is to be the leading insurance company in the Baltics, with the widest range of insurance services and premium customer service.

Franz Fuchs, Chairman of the Supervisory Board of BTA and Member of the Management Board of Vienna Insurance Group: “On behalf of the company I would like to express sincere gratitude to Jānis Lucaus for the performance achieved and his contribution to the development of the company. We will be trying to appoint a successor as soon as possible. The Baltic States are one of the fastest growing markets in the European Union. By investing our financial resources in BTA we have consolidated our position on the Baltic market.”

Background information of BTA

BTA Baltic Insurance Company is a major insurance company in the Baltic States, offering the broadest range of non-life insurance services in Latvia, Lithuania and Estonia. The BTA team in the Baltics comprises more than 1,000 employees. The majority shareholder of BTA is Vienna Insurance Group AG, which boasts experience in close to 200 years in the insurance industry. This group is comprised by more than 50 insurance companies spanning across 25 countries and employing more than 25,000 employees. Vienna Insurance Group AG is a clear leader in its core markets in Europe maintaining high rating of financial stability – Standard & Poor’s A+ (stable outlook), with a listing on the Vienna and the Prague Stock Exchange.

Additional information:
Elīna Rasmane
Marketing and Public Relations Department Director
BTA Baltic Insurance Company AAS
e-mail: elina.rasmane@bta.lv