Bulgaria's financial regulator said it has granted approval to Sofia-based Life Insurance Institute to absorb local peer Health Insurance Institute.
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.
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.
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
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.
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.
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%.
Bulgarian financial and insurance services provider Synthetica said on Tuesday that insurer Euroins Romania has increased its stake in the company to 13.63%.
The Bulgarian Stock Exchange (BSE) said that Sofia-based insurance company Bulstrad Vienna Insurance Group was delisted from the bourse as of December 28.
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.
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.
Bulgarian insurance company Bulstrad Vienna Insurance Group [BUL:4BI] said it plans to delist from the Bulgarian Stock Exchange.
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.
Bulgaria's Financial Supervision Commission said it has granted approval to local insurance company Saglasie to absorb Sofia-based Tokuda Health Insurance.
Bulgaria's financial regulator said it has delisted insurance company Euroins from its register of public companies and, thus, from the Sofia bourse.
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.
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.
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.
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.
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.