Bulgaria-based DZI Life Insurance, owned by Belgium's KBC Group, has received an approval by the Bulgarian financial regulator to acquire full ownership of Sofia-based UBB-MetLife Life Insurance Company, the regulator said.

"The Financial Supervision Commission (FSC) approves the direct acquisition of 100% of the capital of UBB-MetLife Life Insurance Company by DZI Life Insurance," the regulator said in a statement late on Tuesday. Read the full story BULGARIA: DZI Life Insurance gets nod to acquire UBB-MetLife