Macedonian non-life insurer Vardar Osiguruvanje said it has changed its name to Triglav Osiguruvanje to reflect its ownership ties.
Gross premiums of insurance company Vardar osiguranje, which is a member of the largest insurance company on the Balkans - Ljubljana-based Triglav, increased by 5 percent in the first six months this year, to EUR 11.2 million. Non-consolidated damage payment amounted to EUR 6.39 million, which accounted for a growth of 1 percent in the same period.
Macedonian insurance company Sava Tabak, which is in the majority ownership of Slovenian reinsurance company Sava Re, posted a drop of 34 percent in revenues from non-consolidated gross premiums, to EUR 5.9 million in the first six months this year, compared to EUR 9 million in the same period last year.
Macedonian non-life insurance company Winner said it almost doubled its market share in the first quarter of 2011 to 9.17% from below 5.0% in the same period last year.
Macedonian non-life insurer Croatia Osiguruvanje - Nezivot said it turned to an audited net profit of 3.766 million denars ($89,880/61,480 euro) in 2010 from a loss of 10.456 million denars a year earlier.
Insurance company WINNER Osiguruvanje, member of VIENNA Insurance Group,
received from the national supervisory authority its practice license
for life insurance, starting January the 1st, 2011.
After the announced market entry in Montenegro, VIENNA Insurance Group
continues strengthening its presence in Central and Eastern Europe and
plans to establish a life insurance company in Macedonia. The Group has
already been represented in the non-life insurance sector of Macedonia
through WINNER VIENNA Insurance Group since 2007.