Bulgaria
BULGARIA: KBC completes acquisition of UBB and INTERLEASE
Belgian KBC Group anounced it has completed the acquisition of United Bulgarian Bank (UBB) and the leasing company INTERLEASE from the National Bank of Greece (NBG) for a total consideration of EUR 610 million.
29 June 2017BULGARIA: SAGLASIE to acquire TOKUDA Health Insurance
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.
29 June 2017BULGARIA's FSC approved the merger of two EUROINS Insurance Group units
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.
29 June 2017Eurohold Bulgaria leads blue-chip gainers on Sofia bourse, SOFIX rises
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.
27 June 2017BULGARIA's Euroins finds Euroins Insurance Group's buyout bid fair
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.
22 June 2017BULGARIA: FSC appointed external administrator to insurer NADEJDA
Bulgaria's financial regulator (FSC - Financial Supervision Commisssion) announced it appointed external administrator to manage the assets of local specialised health insurer NADEJDA.
22 June 2017BULGARIAN insurers' assets grow 16% y/y in Q1
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.
15 June 2017BULGARIA-based insurance company DZI opens its biggest claims centre
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.
31 May 2017BULGARIAN regulator suspends EIG's buyout bid for Euroins
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.
18 May 2017KBC Group's Q1 after-tax profit in BULGARIA falls
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.
18 May 2017BULGARIA:'s EIG expects steep rise in premium income in 2017
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.
10 May 2017BULGARIAN regulator clears KBC acquisition of NBG Bulgarian businesses
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).
3 May 2017STATISTICS: BULGARIA, FY2016: Insurers' profit more than doubled last year
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.
27 April 2017BULGARIA's Euroins Insurance Group launches buyout bid for Euroins
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.
19 April 2017BULGARIA: Euler Hermes keeps Bulgaria's credit rating at 'B2'
The Bulgarian branch of France-based credit insurance company Euler
Hermes said on Monday it affirmed Bulgaria's credit rating at 'B2'.
13 April 2017BULGARIA's Euroins Insurance Group to launch a buyout bid for insurer Euroins
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.
10 April 2017BULGARIA's Sirma ICS launches digital insurance platform
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.
10 April 2017BULGARIA's Bulstrad files petition for bankruptcy proceedings against Litex Motors
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.
30 March 2017BULGARIAN financial watchdog appoints external experts for follow-up review of insurers' assets
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.
29 March 2017BULGARIA's TK Hold sells 15% of Asset Insurance to Bent Oil
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).
23 March 2017
