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BULGARIA: Insurer Armeec increases stake in Himsnab
5 November 2018Bulgaria: VIG to increase its participation in Bulstrad after TBI liquidation
The Bulgarian Financial Supervision Commission - FSC announced that it has allowed Vienna Insurance Group (VIG) to increase its direct shareholding in Bulstrad Vienna Insurance Group, following the liquidation of its fully-owned subsidiary TBI Bulgaria.
1 November 2018BULGARIA: Bulgaria's Lev Ins planning to set up branches in France, Romania, Greece
31 October 2018Bulgaria's Euroins plans to offer legal protection insurance in UK
25 October 2018UniCredit Bulbank and Allianz Sign a Partnership Agreement in Bulgaria
18 October 2018The distribution partnership between ALLIANZ and UniCredit comes alive in Bulgaria
Allianz Bulgaria has officially started its distribution agreement with UniCredit Bulbank. Thus, since the beginning of October the life and property insurance products of Allianz will be available at the UniCredit Bulbank's counters across Bulgaria.
17 October 2018STATISTICS: BULGARIA, 1H2018: LEV INS overtook BULSTRAD - VIG, becoming the non-life insurance market leader
In the first half of 2018, the Bulgarian insurance market maintained a growth rhythm close to that established during the previous year, reporting a 7.9% y-o-y increase in GWP, to EUR 627.5 million.
3 October 2018BULGARIAN regulator removes Lev Ins Broker from register of insurance brokers
26 September 2018Bulgarian regulator pledges 'every effort' to aid clients of troubled Cypriot insurer
25 August 2018Bulgarian regulator deputy chief under fire after Cypriot insurer goes bankrupt
23 August 2018Cyprus based Olympic Insurance bankruptcy left 200,000 Bulgarian clients without MTPL insurance policies and beheaded the insurance market watchdog
Ralitsa AGAIN-GURI, deputy head of the Bulgarian Financial Supervision Commission (FSC) resigned in the wake of the Olympic insurance company bankruptcy scandal. Vladimir SAVOV, a FSC member, will temporary take over her tasks until a new appointment will be approved by the Parliament.
23 August 2018Bankrupt Insurer Left 275,000 Bulgarian Drivers Without Valid Third Party Liability Insurance
18 August 2018Bulgarian branch of Olympic Insurance to terminate insurance policies on Aug 17
18 August 2018STATISTICS: BULGARIA 1Q 2018: GWP up to more than EUR 300 million
The total GWP by Bulgarian insurers in 1Q 2018 was BGN 608.07 million (EUR 310.90 million), up by 6.28% y-o-y, according to the quarterly statistics published on the FSC's website.
8 August 2018BULGARIA: The leasing arm of ARMEEC to acquire ERB Leasing
Bulgaria's ARMEEC Leasing, part of local insurer ARMEEC, intends to acquire the Bulgarian unit of ERB Leasing, part of Greece's Eurobank group.
9 July 2018Bulgaria: Bonus-Malus system one step closer to implementation
Ernst & Young, the Bulgarian Financial Supervision Commission's consultant on the bonus-malus system introduction for the MTPL insurance has submitted its final report, presenting no less than 11 possible scenarios for the system's design.
5 July 2018Bulgaria's Doverie-managed pension funds subscribe for bulk of Gradus IPO
4 July 2018BULGARIA: Agricultural insurance co-financing scheme to receive extra funding
According to a recent decision of the Bulgarian State Fund Agriculture, the budget state aid scheme for agricultural insurance premiums co-financing will be increased by BGN 700,000 in 2018, to BGN 2.2 million (EUR 1.12 million), Novinite reports.
14 June 2018BULSTRAD VIG awarded Non-life Insurer of the Year in 2017
ZAD BULSTRAD VIENNA INSURANCE GROUP has been awarded the highest recognition on the insurance market in Bulgaria, during the 10th anniversary edition of the Bulgarian market's prestigious awards gala.
4 June 2018BULGARIA: UNIQA's premium income rises 31.5% y/y in Feb
Bulgarian unit of Austrian insurance group UNIQA said its premium income rose by an annual 31.5% to 35.2 million euro (18 million euro) in February.
17 May 2018
