Bulgaria
Bulgaria's OZK Insurance planning to launch operations in Italy
9 June 2019BULGARIA: FSC is working on Bonus-Malus scheme
The Financial Supervision Commission (FSC) of Bulgaria is implementing a bonus-malus system for MTPL insurance. The system, similar to others in Europe, will influence MTPL premium levels depending on driver behavior.
30 May 2019Eurohold Bulgaria proposes slightly higher dividend for 2018
29 May 2019Bulgaria's Saglasie Insurance plans cap hike
29 May 2019EUROINS, 1Q2019: 41% increase in revenue y-o-y
Bulgaria-based EUROINS, part of EUROHOLD, reported a consolidated revenue of EUR 171 million (+41% y-o-y) for the first three months of 2019. For the same period, EUROINS showed an increase of 37% in gross written premiums (GWP) volume, growth sustained mainly by Romanian and Bulgarian business.
28 May 2019BULGARIA: Eurohold fully cooperates in the probe launched by Bulgaria's financial regulator
BULGARIA: FSC named Iliana HRISTOVA new Insurance Supervision Division Deputy Chair
On April 10, the Bulgarian Parliament elected Iliana HRISTOVA as the new Deputy Chairman of the Insurance Supervision Division inside FSC. The election was made by 113 MPs.
25 April 2019Eurohold Bulgaria receives shareholders' nod for cap hike
24 April 2019Bulgaria's financial regulator to check Eurohold over CEZ deal
24 April 2019Eurohold Bulgaria shares bounce back, Sofia stock indices end mixed
8 April 2019BULGARIA: Eurohold submits a binding offer to acquire CEZ Group's assets in Bulgaria
On April 1, financial and insurance group Eurohold Bulgaria announced its binding offer for the Bulgarian assets of Czech energy group CEZ, the largest public holding company in the country and one of the leading independent business groups in Central and Southeastern Europe, Eurohold said in an official statement.
4 April 2019Eurohold Bulgaria declines comment on reported interest in CEZ assets
27 March 2019EUROHOLD increases share capital by BGN 80 million
Bulgaria-based Eurohold plans to increase its share capital by BGN 80 million through preferred shares, the new total reaching BGN 277 million. The capital growth will help the company to reduce its debt and support expansion plans.
21 March 2019STATISTICS: BULGARIA, FY2018: Insurer profits increased by almost 30% to EUR 60.40 million
Preliminary FY2018 market figures from the Bulgarian Financial Supervision Commission (FSC) show that local insurers ended the year with a 16% y-o-y GWP growth-rate, to BGN 2.52 billion (EUR 1.29 billion), while aggregate value of net profit increased by 29.42% y-o-y, to BGN 118.12 million (~ EUR 60.40 million).
21 March 2019Bulgaria: Boiko ATANASSOV appointed as FSC's head
The Parliament of the Republic of Bulgaria appointed Boiko ATANASSOV as Chairperson of the Financial Supervision Commission (FSC) on March 15, with 134 votes in favour, none opposed or abstained.
21 March 2019Bulgarian insurer Armeec acquires 4.44% stake in CCB Real Estate Fund REIT
18 March 2019BULGARIA: insurer assets saw an increase of 4.8% y-o-y in 2018
The assets of Bulgarian insurers in 2018 increased by 4.8% y-o-y to BGN 7.645 billion (EUR 3.91 billion), according to the statistics of insurance activity, published by the National Bank of Bulgaria on March 11.
14 March 2019Bulgaria central bank nominates new deputy governor to oversee banks
10 March 2019EUROINS acquires ERGO subsidiaries in Czech Republic, Romania and Belarus
Bulgaria-based Euroins Insurance Group (EIG) has made a purchase agreement with Germany-based ERGO International AG for buying 4 ERGO insurance companies. EIG will take control over ERGO's life and non-life subsidiaries in Romania and Czech Republic, as well as the non-life company in Belarus.
7 March 2019EIG: The prudent approach applied in Romania, influenced the year-end group indicators
Bulgarian financial group EUROHOLD said its revenues from insurance activity at the end of December 2018 amounted to BGN 985.3 million (EUR 503.8 million), 2% less y-o-y. The insurance operating expenses for the period under review increased by 0.6% y-o-y to BGN 924.9 million (EUR 472.9) compared to BGN 919.2 million at the end of 2017.
5 March 2019
