Heinz Schuster

Sparkassen Versicherung AG (SVAG) is the insurance management subsidiary of Vienna Insurance Group AG (PK: VNRFY), itself a subsidiary of Weiner Staedtische Wechsels Versicherungs Vermoegen's Vienna Insurance Group in Austria. The firm was previously part of Erste Bank Österreichischen Sparkassen AG, and was acquired in 2008 when VIG purchased the insurance operations of Erste Group Bank AG in Austria as well as in Central and Eastern Europe. Established in 1985, SVAG is located in Vienna with branches throughout Austria, as well as subsidiaries and partnerships in Eastern Europe. The firm is an insurance company and provides life and non-life insurance as well as pension plans for individuals and corporate clients.