On December 13, the insurance joint-stock company’s "BTA Baltic Insurance Company" (BTA) Supervisory Board made changes to the composition of the Board – Oskars Hartmanis, the former Deputy Chairman of the Board was appointed as the Chairman of the Board – a new Member of the Board Gediminas Radavičius has joined the Board of the BTA, as well as the existing members of the Board - Evija Matveja and Tadeuš Podvorski - continue their work. The changes are planned to come into force on January 1, 2024 but not earlier than BTA has received the Bank of Latvia’s approval for these changes.

The new Chairman of the Board of BTA, Oskars Hartmanis, has 25 years of experience in insurance. Oskars joined BTA in 2012 and since then, he has developed various projects and directions that have helped BTA to become one of the leading insurance companies in the Baltics.

Wolfgang Stockmeyer resigns from the position of Chairman of the BTA management board. In the future he will continue to follow the development of the company – subject to approval of the Bank of Latvia – as member of the Supervisory Board. Wolfgang Stockmeyer says: “I’m happy to see how BTA has grown and how we created internal culture for inspiring ideas that results as new and innovative ways to meet the requirements of customers and cooperation partners for quick and convenient insurance services. I would like to say thank you to our customers for being loyal to us, our partners for supporting our ideas and our employees for truly caring about customers! I’m excited for the next chapter for BTA and I’m sure that BTA will continue to grow and to implement more innovative solutions for our customer’s needs.”

"It is a real honor for me to accept the assessment of the company's shareholders for my previous work and to become the Chairman of the BTA Management Board. I am glad that as part of VIG (Vienna Insurance Group), we have also established ourselves as a strong market player who can be trusted and who provides customers with high-quality insurance services. BTA continues to constantly develop, create new solutions and innovations. Also, one of my main goals will be to continue the path of the company's development and provide our customers with the most suitable, convenient, and fastest insurance solutions for them. BTA's core values are accessibility, humanity, and trust. This means that we will continue to be available to our customers on every channel throughout the Baltics 24 hours a day, continue to be humane and build trust in VIG. I also would like to say thank you and appreciate Wolfgang’s time in BTA. I really appreciate Wolfgang’s contribution and effort for BTA development!" says Oskars Hartmanis, Chairman of the Board of BTA.

Although the changes in the composition of the Board are significant, BTA continues Company strategy with focus to Customer centricity with full coverage of insurance services, focusing on digital solutions and process optimization, as well as BTA still dares to be one of the leading companies in the insurance market in the Baltics. Established as a small and independent insurance company back in 1993, BTA has grown and become an international market player with more than 1000 insurance specialists and a good and stable market position in Lithuania, Latvia and Estonia. Driven by an experienced team, BTA shows solid performance with a focus on digitalization and innovative approaches in all areas of its business.

About BTA
The insurance joint-stock company "BTA Baltic Insurance Company" is one of the leading insurance companies in the Baltics, offering the widest range of non-life insurance services in Latvia, Lithuania and Estonia. BTA employs more than 1000 employees in the Baltics. BTA's shareholder is Vienna Insurance Group AG with almost 200 years of experience in the insurance industry. With a total of more than 25,000 employees in about 50 insurance companies in 30 countries, Vienna Insurance Group is a strong leader in its markets in Central and Eastern Europe, caring for more than 22 million customers. Vienna Insurance Group is the leading Vienna Stock Exchange index – ATX (since 1994), the highest-rated company with a high financial stability rating of A+ awarded by Standard & Poor's auditing company with a stable forecast for future development; The shares of Vienna Insurance Group are also listed on the Prague Stock Exchange. Vienna Insurance Group works closely with Erste Group, the largest retail bank in Central and Eastern Europe.

More information:
Elīna Zvejniece
Mārketinga un sabiedrisko attiecību departamenta direktore 
AAS „BTA Baltic Insurance Company”
e-pasts elina.zvejniece@bta.lv 
tālr.: 66936074, mob. tālr.: 29374827