BULGARIA: Eurohold to hike capital by 43 mln euro

Financial and insurance group Eurohold Bulgaria said on Tuesday it will raise its capital by 84.9 million levs (43.4 million euro), equal to 66.6% of its current capital.

The group will issue 84,896,666 voting shares with nominal value of 1 lev each, Eurohold Bulgaria said in a notification filed with the Bulgarian commercial register. Read the full story

Related articles

STATISTICS: BULGARIA: A property insurer - the most profitable market player at the end of September 2016

At the end of September 2016, the Bulgarian insurance market totaled about EUR 781 million, 8% more y-o-y, statistical data published by the FSC - Financial Supervision Commission show. Life insurers ended the first three quarters with an aggregate profit of EUR 16.9 million (vs. EUR 12.3 million in 3Q2015), while the non-life insurers reported an aggregated after tax result of EUR 33.1 million (vs. EUR 29.6 million).

2017-01-12

STATISTICS: BULGARIA, 1H2016: 5.6% up y-o-y, capitalizing on the life and motor insurance lines growth

According to data published by the FSC - Financial Supervision Commission, Bulgarian insurers recorded in 1H2016 a GWP worth EUR 528.15 million, 5.6% up y-o-y. Two were the business segments with a relevant contribution to the market's growth: life insurance, which saw a record high growth in premium volume (~44%) on the Unit-Linked insurance line and the motor insurance lines, the Motor Hull and MTPL lines' contribution, in absolute terms, to the GWP growth being almost equal.

2016-10-20

TOP EVENT