The Financial Supervision Commission in Bulgaria has decided that beginning with 2018 drivers with a "spottiness" driving history will pay a higher fee for the MTPL insurance, reports Novinite.
Bulgaria's financial regulator said it has temporarily suspended an offer by TBI Bulgaria to buy the 10,000 shares in Sofia-based Bulstrad Vienna Insurance Group it does not already own.
Bulgaria's Euroins said on Tuesday its shareholders have approved a decision to delist the insurance company from the stock exchange in Sofia.
The total GWP by Bulgarian insurers in 1Q 2017 was BGN 572 million (EUR 293 million), up by 9.7% y-o-y, according to the quarterly statistics published on the country's financial regulator website.
The assets managed by Bulgarian insurance companies increased to 7.28 billion levs (3.7 billion euro) at the end of June, up 10.3% year-on-year, the country's central bank said on Monday.
Financial and insurance group Eurohold Bulgaria was the top blue-chip
gainer on the floor of the stock exchange in Sofia on Tuesday, bourse
data showed. Eurohold Bulgaria shares rose by 2.31% to 1.330 levs as
11,258 units changed hands.
The Bulgarian Financial Supervision Commission (FSC) has revoked the licence of NADEZDHA Insurance Company for carrying out insurance activity for all classes of insurance, forbidding the company to conclude any new re/insurance contract for six months.
Bulgarian insurance brokers have mediated gross premiums worth BGN 617.9 million (EUR 315.9 million), 15.6% up y-o-y, in 1H2017. The largest share of the total mediated premium came from the MTPL insurance line.
TBI Bulgaria said on Wednesday it has extended the deadline for accepting its published buyout offer for the 19,559 shares in Sofia-based Bulstrad Vienna Insurance Group it does not already own to 46 days, from 28 days.
Bulgarian financial services provider Delta Credit said on Thursday that Euroins insurer has decreased its stake in the company to 3.17% from 9.87%.
Bulgaria's Euroins Insurance Group (EIG) has acquired 796,152 shares in its Sofia-based subsidiary Euroins in a buyout bid priced at 1.3 levs (0.66 euro) per share, Euroins said on Friday.
London-headquartered Fadata, an IT solutions provider with a major
development and operations centre in Bulgaria, said it has acquired
German-based digital insurance technology company Impeo and its units,
including Serbia-based Impeo Development.
Bulgarian insurance company Bulstrad, a unit of Vienna Insurance Group (VIG), said on Monday its non-consolidated net profit fell to 3.6 million levs (USD 2.2 million/1.8 million euro) in the first half of 2017 from 4 million levs in the like period of last year.
Bulgaria's financial regulator said it has granted approval to TBI Bulgaria to publish a buyout bid for the remaining 0.62% of the share capital of Sofia-based Bulstrad Vienna Insurance Group which the company does not already own.
Bulgarian real estate investment trust (REIT) SLS Realty said on Wednesday local insurer EIG Re has acquired a 9.42% stake in the company.
The board of Bulgarian insurance company Euroins said on Thursday that the buyout bid submitted by majority owner Euroins Insurance Group (EIG) is a fair offer to the other company shareholders.
Bulgarian insurance company Euroins said on Wednesday it will distribute no dividend for 2016.
Financial and insurance group Eurohold Bulgaria said on Tuesday its
majority owner Starcom Holding has decreased its stake in the company to
52.36% from 57.36%. Starcom Holding sold a total of 7.95 million
Eurohold Bulgaria shares at a price of 1.29 levs (USD0.75/0.66 euro)
each on June 29, Eurohold said in a bourse filing.
The Bulgarian competition authority said on Tuesday it has granted
approval to Sofia-based Life Insurance Institute to absorb local peer
Health Insurance Institute. The merger does not represent concentration
of business under Bulgarian law, as the two companies have the same
owner, the Commission for Protection of Competition said in a statement.
Belgian KBC Group anounced it has completed the acquisition of United Bulgarian Bank (UBB) and the leasing company INTERLEASE from the National Bank of Greece (NBG) for a total consideration of EUR 610 million.