The Bulgarian FSC - Financial Supervision Commission announced it has approved the 100% takeover of TOKUDA Health Insurance by the life insurer SAGLASIE. The transaction amount is of about EUR 3 million.
EUROINS Insurance Group (EIG) said in a statement that the Financial Supervision Commission (FSC) approved the merger of EUROINS Health Assurance, the Group's health insurance subsidiary, into EIG Re - formerly HDI Zastrahovane.
Financial and insurance group Eurohold Bulgaria [BUL:4EH] rose the most among blue chips on the Sofia bourse for a second consecutive trading session, bourse data showed.
The board of Bulgarian insurance company Euroins said on Tuesday that the buyout bid submitted by majority owner Euroins Insurance Group (EIG) is a fair offer to the other company shareholders.
Bulgaria's financial regulator (FSC - Financial Supervision Commisssion) announced it appointed external administrator to manage the assets of local specialised health insurer NADEJDA.
The assets managed by Bulgarian insurance companies increased to 7.26 billion levs ($4.15 bilion/3.7 billion euro) at the end of March, up 16% year-on-year, the country's central bank said on Friday.
Bulgaria-based insurance company DZI, part of Belgium's KBC Group, said on Tuesday it has opened its biggest claims centre in the country. The company now operates two claims centres in the capital Sofia and a total of 86 in the country, DZI said in a statement.
Bulgaria's financial regulator said on Tuesday it temporarily banned the publishing of a buyout offer by Euroins Insurance Group (EIG) for the remaining 9.93% of the share capital of Sofia-based insurer Euroins it does not already own.
Belgium's KBC Group said on Tuesday its after-tax profit from Bulgarian operations fell to 4 million euro (USD 4.4 million) in the first quarter, from 5 million euro in the like period of 2016.
Bulgaria's Euroins Insurance Group (EIG), part of financial and insurance group Eurohold Bulgaria, said on Friday it expects its premium income to increase to 700 million levs (356.5 million euro) in 2017, from 527.7 million levs in 2016.
Bulgaria's Commission for Protection of Competition (CPC) has ruled to approve the proposed deal in which Belgian-based KBC Group would acquire United Bulgarian Bank (UBB) and leasing firm Interlease from the National Bank of Greece (NBG).
Bulgarian insurers ended 2016 with a 4.4% y-o-y growth in GWP, to BGN 2.05 billion (EUR 1.05 billion), while the aggregate value of net profit more than doubled, reaching EUR 61.68 million.
Bulgaria's Euroins Insurance Group (EIG), part of financial and insurance group Eurohold Bulgaria, has launched a buyout bid for the remaining 9.93% of the capital of its Sofia-based subsidiary Euroins it does not already own, Euroins said on Thursday.
The Bulgarian branch of France-based credit insurance company Euler
Hermes said on Monday it affirmed Bulgaria's credit rating at 'B2'.
Bulgaria's Euroins Insurance Group (EIG), part of financial and insurance group Eurohold Bulgaria, said on Thursday it will launch a buyout bid for the remaining 9.93% of the capital of its Sofia-based subsidiary Euroins it does not already own.
Bulgarian software company Sirma ICS, part of Sirma Group Holding [BUL:SKK], said on Wednesday it has developed a digital insurance platform - ICS Online - which aims to connect end-customers to insurance brokers and insurance companies.
Bulgarian insurer Bulstrad, part of Austria's Vienna Insurance Group has filed a petition with Sofia City Court for the opening of bankruptcy proceedings against Bulgarian car manufacturer Litex Motors, the court says.
The Bulgarian financial regulator said that eight external auditors have been selected to review the assets of Bulgarian insurance and reinsurance companies as at end-2016 in a follow-up to asset reviews that looked at the state of affairs as at end-June.
Bulgarian diversified holding TK Hold said on Wednesday it sold its 15% stake in Sofia-based Asset Insurance company to current shareholder Bent Oil for 1.57 million levs (800,000 euro).
In 2017, the budget allocated for the State Fund scheme for the co-financing of agricultural insurance premiums will amount to 1.5 million Lev (about 766,776 Euro), as decided in a meeting of the Governing Council of the State Fund "Agriculture" (SFA), reports Investor.bg.