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Bulgaria's Life Insurance Institute gets nod to absorb Health Insurance Institute
Bulgaria's financial regulator said it has granted approval to Sofia-based Life Insurance Institute to absorb local peer Health Insurance Institute.
8 March 2018BULGARIA's DZI Life Insurance seeks nod to fully acquire peer UBB-MetLife
Bulgaria-based DZI Life Insurance, owned by Belgium's KBC Group, is seeking the approval of the competition authority to acquire full ownership of Sofia-based UBB-MetLife Life Insurance Company, a notice posted on the website of the regulator reads.
23 January 2018BULGARIA: Eurohold to delist EUR 47 million note issue from Irish bourse
Financial and insurance group Eurohold Bulgaria said on Thursday it has filed a request to the Irish Stock Exchange for the delisting of its 47 million euro medium-term notes issue.
22 January 2018BULGARIA: DZI Life Insurance gets nod to acquire UBB-MetLife
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.
17 January 2018Bulgaria: KBC to acquire MetLife's 40% stake in UBB-MetLife joint venture
Belgian financial group KBC announced it reached an agreement with MeLife to aqcuire MetLife's remaining 40% stake in Bulgarian joint venture UBB-MetLife Life Insurance Company through DZI, its Bulgarian insurance subsidiary.
11 January 2018STATISTICS: Bulgaria: Three non-life insurers reported the largest profits during 3Q2017
The aggregate GWP of Bulgarian insurers increased by 7.56% y-o-y to BGN 1.64 billion (EUR 839.72 million) during the first nine months of 2017, quarterly statistics from the Financial Supervisory Commission (FSC) show.
11 January 2018BULGARIA's Starcom Holding increases stake in Eurohold Bulgaria
Financial and insurance group Eurohold Bulgaria said on Tuesday that its majority owner Starcom Holding has increased its stake in the company by 21.18 million shares representing shareholding interest of 1.0%.
8 January 2018Euroins Romania increases stake in Bulgaria's Synthetica
Bulgarian financial and insurance services provider Synthetica said on Tuesday that insurer Euroins Romania has increased its stake in the company to 13.63%.
8 January 2018BULGARIA's Bulstrad VIG delists from Sofia bourse
The Bulgarian Stock Exchange (BSE) said that Sofia-based insurance company Bulstrad Vienna Insurance Group was delisted from the bourse as of December 28.
8 January 2018BULGARIAN insurer Armeec boosts stake in CCB Real Estate Fund further
Bulgarian real estate investment trust (REIT) CCB Real Estate Fund said on Wednesday that local insurer Armeec has increased the stake it owns in the company.
8 January 2018Bulgarian FSC revoked the SyVZK's license
The Bulgarian Financial Supervision Commission (FSC) has revoked the licence of the life insurer SyVZK (TUMICO - Trade Union Mutual Insurance Cooperative) for carrying out insurance activity for all classes, forbidding the company to conclude any new contract for six months.
7 December 2017BULGARIA's Bulstrad VIG plans to delist from Sofia bourse
Bulgarian insurance company Bulstrad Vienna Insurance Group [BUL:4BI] said it plans to delist from the Bulgarian Stock Exchange.
5 December 2017BULGARIA's Eurohold invites holders of 47 mln euro note issue to tender for cash
Financial and insurance group Eurohold Bulgaria said on Wednesday it has invited the holders of its 47 million euro ($55.2 million) medium-term notes issue due December 2021 to tender some or all of the securities they hold for purchase by the company.
23 November 2017BULGARIA's Saglasie gets regulatory nod to absorb Tokuda Health Insurance
Bulgaria's Financial Supervision Commission said it has granted approval to local insurance company Saglasie to absorb Sofia-based Tokuda Health Insurance.
14 November 2017BULGARIA: Euroins delists from Bulgarian Stock Exchange
Bulgaria's financial regulator said it has delisted insurance company Euroins from its register of public companies and, thus, from the Sofia bourse.
30 October 2017TBI Bulgaria gets regulatory nod to publish buyout bid for Bulstrad VIG
Bulgaria's financial regulator said it has allowed the publication of a buyout offer by TBI Bulgaria for 10,000 shares in Sofia-based Bulstrad Vienna Insurance Group [BUL:4BI] it does not already own.
30 October 2017BULGARIA's Bulstrad VIG shares suspended from trading due to buyout bid
The Bulgarian Stock Exchange (BSE) said it has suspended from trading the shares of Sofia-based Bulstrad Vienna Insurance Group as the insurer's majority owner has published a bid to acquire the remaining minority interest.
30 October 2017BULGARIA: The new Policy on Mandatory Vehicle Insurance in Bulgaria will become active from January 1, 2018
The new policy on mandatory vehicle insurance prices will come in effect from January 1, 2018. The price will be lower for careful drivers and up to 180% more expensive for drivers who have been fined for traffic violations.
30 October 2017BULGARIAN regulator asks Euroins to correct delisting request
Bulgaria's Financial Supervision Commission (FSC) said it has sent back for correction the documents submitted by insurer Euroins related to its request to be delisted from the Bulgarian Stock Exchange.
19 October 2017STATISTICS: BULGARIA, 1H2017: Positive trend, both in underwriting and financial result
Bulgarian insurers managed to achieve a 10.14% increase in GWP in the first half of 2017, to EUR 581.6 million. The market growth was almost entirely provided by the non-life segment, especially the motor insurance lines.
19 October 2017
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