Winterthur has acquired a 93% share in the largest pension fund in the Czech Republic for $70m (€74.5m) making it one of the largest pension providers in the country.

The Czech fund, an open fund for the military, more than doubles Winterthur's client base to over 550,000, triples its assets to Ckr11bn (€313m), and gives it a market share of 25%. PricewaterhouseCoopers advised the firm.