Bulgaria
STATISTICS: BULGARIA, 1H2017: Positive trend, both in underwriting and financial result
Bulgarian insurers managed to achieve a 10.14% increase in GWP in the first half of 2017, to EUR 581.6 million. The market growth was almost entirely provided by the non-life segment, especially the motor insurance lines.
19 October 2017BULGARIA: Regulator suspends TBI Bulgaria's takeover offer for Bulstrad VIG
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.
12 October 2017Bulgarian high risk drivers will pay more for MTPL insurance starting 2018
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.
12 October 2017BULGARIA: Shareholders approve delisting of Bulgarian insurer Euroins from BSE
Bulgaria's Euroins said on Tuesday its shareholders have approved a decision to delist the insurance company from the stock exchange in Sofia.
4 October 2017STATISTICS: BULGARIA 1Q 2017: GWP up by 9.7%
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.
14 September 2017BULGARIAN insurers' assets grow 10.3% y/y in H1
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.
12 September 2017Eurohold Bulgaria leads blue-chip gainers in Sofia, SOFIX up
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.
7 September 2017Bulgarian NADEZDHA Insurance Company's licence revoked
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.
23 August 2017Bulgarian insurance brokers' mediated GWP up by 15.6% y-o-y
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.
23 August 2017BULGARIA: TBI extends deadline for accepting its buyout bid for Bulstrad VIG
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.
22 August 2017BULGARIA's Euroins cuts stake in Delta Credi
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%.
22 August 2017BULGARIA's EIG increases stake in Euroins in buyout bid
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.
16 August 2017BULGARIA: UK-headquartered Bulgaria-operating Fadata acquires German-based Impeo
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.
10 August 2017BULGARIAN insurer Bulstrad's H1 non-cons net profit falls
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.
7 August 2017BULGARIA: TBI gets nod to publish sweetened buyout bid for Bulstrad VIG
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.
7 August 2017BULGARIA's EIG Re acquires stake in SLS Realty
Bulgarian real estate investment trust (REIT) SLS Realty said on Wednesday local insurer EIG Re has acquired a 9.42% stake in the company.
20 July 2017BULGARIA: Board of Euroins says EIG's buyout bid is fair
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.
10 July 2017BULGARIAN insurer Euroins to skip dividend for 2016
Bulgarian insurance company Euroins said on Wednesday it will distribute no dividend for 2016.
6 July 2017BULGARIA's Starcom Holding cuts stake in insurer Eurohold
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.
5 July 2017BULGARIA's Life Insurance Institute gets nod to absorb Health Insurance Institute 5 July 2017
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.
5 July 2017
