Croatia
CROATIA selects binding offer of the Rovinj-based Adris Grupa
The Croatian government on Wednesday selected the binding offer of the
Rovinj-based Adris Grupa for the acquisition of a portion in the Croatia
Osiguranje insurer, as it offered 905 million kuna for 39.05% of the
ordinary stock in the insurance company, which means EUR 970.45 per
share.
6 January 2014CROATIAN insurers 3Q2013 GWP up 1.0%
Croatian insurance market totaled HRK 6.9 billion (EUR 910 million) in the first nine months of 2013, up 0.96% from a year earlier, according to the financial figures published by the Croatian Insurance Bureau. As in previous reporting periods, the market leaders were CROATIA Osiguranje with a 30.5% market share, followed by ALLIANZ Zagreb with 13.2% and EUROHERC (10.2%).
28 November 2013OTP in bid for privatized Croatian bank
Hungary's biggest lender OTP is among the companies looking to bid in
the privatization of Croatia-based Hrvatska Postanska Banka and national
insurance company Croatia Osiguranje, Croatia's post bank and insurance
company.
17 October 2013CROATIA 1H2013: life insurance gives the upward trend of the market
The first half of 2013 ended for the Croatian insurers with a total GWP premium fairly equal to the one recorded in 1H2012, of HRK 4.9 billion (0.35% up y-o-y). Denominated in European currency, due to a minor appreciation of the Croatian Kuna, the figures show a slightly better image, with a nominal y-o-y growth rate of 1.14%, to EUR 659.5 million. The life insurance segment deserves all the credit for this positive trend, showing a 5.9% growth in local currency, while GWP for the non-life business lines decreased by 1.4%.
5 September 2013CROATIA: VIG, AIG, Ergo file expressions of interest for stake in CO
A total of seven companies, including Vienna Insurance Group (VIG), American International Group (AIG) and German insurer Ergo Versicherungsgruppe AG, filed expressions of interest for a stake in Croatia Osiguranje [ZSE:CROS-R-A], Zagreb-based media reported on Tuesday.
4 September 2013CROATIA: CO raising stake in Slovenian insurance company
Croatia's Croatia Osiguranje (CO) insurance company is continuing to
increase its share in Slovenia's Pozavarovalnica Sava, planning to
acquire a controlling interest, Ljubljana's Dnevnik daily said on
Wednesday.
19 August 2013CROATIA set to sell up to 55 pct stake in insurer CO
Croatia opened a tender on Wednesday for the sale of a stake in its
leading insurer Croatia Osiguranje (CO), which could be around 50-55
percent.
7 August 2013CROATIA plans to sell a majority stake in HPB and a minority stake in insurance company CO
New EU member Croatia, under pressure to cut its debt, approved
long-awaited plans on Thursday to sell stakes in HPB, its last state-run
bank, and in leading local insurer CO (Croatia Osiguranje).
1 August 2013COFACE launches credit insurance in CROATIA
Coface has started offering credit insurance services in Croatia following the country's accession to the European Union.
3 July 2013CROATIA insurer looking to acquire 25% of Pozavarovalnica SAVA
The biggest Croatian insurer Croatia osiguranje has disclosed it wants to acquire a 25% stake in reinsurer Pozavarovalnica Sava, announcing it had participated in the recent capital injection at the Slovenian company.
1 July 2013The gross premium of the 27 CROATIAN insurance companies up by 0.4%
The gross premium of the 27 Croatian insurance companies totalled HRK
4.12 billion in the first five months of 2013, up 0.4 per cent on the
year, the Croatian Insurance Office has said on Tuesday.
1 July 2013CROATIA, 1Q2013: Life insurance up by 7.8%, while non-life remained "in red"
For the first quarter 2013, the 27 Croatian insurance companies generated HRK 2.52 billion (EUR 332 billion) in gross written premiums, a 0.7% decrease compared with the same period last year, according to the figures published by the Croatian Insurance Bureau. The market leaders were CROATIA Osiguranje with a 35.7% market share, followed by ALLIANZ Zagreb with 13.5% and EUROHERC (8.5%).
20 June 2013CROATIA: Top insurer sees growth potential ahead of sale
Croatia's top insurer will not sacrifice profit margins as the price of
expansion as looks to keep its dominant local position and strengthen
its regional presence ahead of a government stake sale, its CEO said.
14 June 2013VIG consolidates, rebrands operations in CROATIA
Vienna Insurance Group (VIG) said the entity resulting from the merger of its Croatian units Kvarner and Helios will operate under the brand Wiener Osiguranje Vienna Insurance Group as of June.
5 June 2013CROATIA: insurers 4-mo gross written premiums up 0.3%
Croatia's 27 insurers posted combined gross written premiums of 3.28 billion kuna ($563.8 million/431 million euro) in the first four months of 2013, up 0.3% from a year earlier, the Croatian Insurance Bureau said.
28 May 2013CROATIA: PZU and TRIGLAV expressed their interest in CROATIA Osiguranje
The Croatian government is gearing up to privatize the country's biggest
insurance company and seventh biggest bank, according to reports.
17 April 2013CROATIA: Bids for privatisation of CO insurer, HPB bank to be invited by May
The privatisation of the Croatia Osiguranje insurance company and the
Croatian Postal Bank (HPB) is entering the final stage and a tender is
expected to be advertised by early May, Finance Minister Slavko Linic
told the parliamentary Finance Committee on Tuesday.
11 April 2013CROATIAN insurers Jan-Feb gross written premiums down 0.7%
Croatia's 27 insurers posted combined gross written premiums of 1.7
billion kuna ($290.2 million/224.1 million euro) in the first two months
of 2013, down 0.7% from a year earlier, the Croatian Insurance Bureau
said.
22 March 2013VIDEO: The Croatian insurance market is almost ready for the EU accession
"Although we are witnessing a slight decrease in premium production for forth consecutive year, the Croatian insurance market remains sound and stable. Considering the general economic perspectives, we are not really projecting growth for 2013, but there are some signs of recovery and we are expecting a steady evolution," stated Hrvoje PAUKOVIC, Director of the Croatian Insurance Bureau for XPRIMM.TV.
14 March 2013Steady performance in turbulent times for CROATIA Osiguranje
CROATIA Osiguranje Group, one of the largest and oldest insurance firm in the Balkans, reported for the financial year 2012 a net profit of HRK 110.3 million (EUR 14.6 million) which is an increase of 0.6% y-o-y. The value of gross written premium amounted to HRK 3.16 billion (EUR 419 million), down 2.5% from the year before.
28 February 2013
