At the beginning of the year, Adriatic Insurance Company has lost its leading position on the market.

Bosnia's Competition Council said it has approved the acquisition of a majority shareholding interest in local insurer Zovko Osiguranje by its peer Bosna Sunce Osiguranje.

Bosnian insurer Bosna Sunce Osiguranje said on Wednesday it will absorb its local peer Zovko Osiguranje after acquiring a 100% shareholding interest in the company.

According to the Bosnian national competition authority, insurer Bosna Sunce Osiguranje has filed a request to acquire a majority shareholding interest in its local peer Zovko Osiguranje, SeeNews reports.

The 27 Bosnian insurers reported aggregate 3Q2017 GWP of BAM 518.2 million (~EUR 265 million), up by 8.1% y-o-y, according to the most recent market figures published by AZOBiH - Insurance Agency of Bosnia and Herzegovina.

The net profit of Bosnian insurer ASA Osiguranje increased to 776,399 marka in the first nine months of 2017, from 608,804 marka in the prior-year period, the company said on Monday.

The insurance market of Bosnia and Herzegovina continued its ascending path during the first half of 2017, recording a 8.9% increase in GWP, to EUR 176.4 million.

Bosnian insurer Bosna Sunce Osiguranje said on Thursday its net profit leapt to 2.4 million marka (USD1.5 million/1.2 million euro) in the first six months of 2017, from 1.0 million marka in the prior-year period.

Bosnian insurer ASA Osiguranje said on Wednesday its net profit rose to 519,121 marka (265,422 euro) in the first half of 2017, from 408,714 marka in the like period of last year.

The net profit of Bosnian insurer Sarajevo Osiguranje grew to 389,900 marka (199,400 euro) in the first half of 2017 from 50,300 marka a year earlier, the company said. Sarajevo Osiguranje's gross written premiums rose 0.3% to 29.8 million marka in January-June, while its operating costs dropped to 11.0 million marka from 11.4 million marka, the insurance company said in a filing with the Sarajevo Stock Exchange on Tuesday.

Bosnia's competition agency said it has approved the takeover of local insurer VGT Osiguranje by Austrian peer GRAWE.

In 1Q2017 the aggregate GWP of the 27 insurers operating in Bosnia and Herzegovina was up by 11.41% y-o-y, to EUR 83.38 million (BAM 163.07 million), as the figures published by AZOBIH - Insurance Agency of Bosnia and Herzegovina show.

The EBRD is pioneering the development of private pension management in Bosnia and Herzegovina with an equity investment in the European Voluntary Pension Fund Management Company (EPF) together with Skupna pokojninska dru

The buyout bid launched by Slovenian holding company Triglav INT, a member of the country's biggest insurer Zavarovalnica Triglav, for the 12% stake it does not already own in Bosnian insurance company Triglav Osiguranje [SAJ:BHOSR] has failed, the latter said on Tuesday.

The aggregate GWP of the 27 insurers operating in Bosnia & Herzegovina increased by 6.4% y-o-y to BAM 634.1 million (EUR 324.2 million), as data from the local insurance agency - AZOBIH show.

The net profit of Bosnian insurer Sarajevo Osiguranje dropped to 55,000 marka (28,100 euro) in 2016 from 451,600 marka a year earlier, the company said.

FBiH Government's green light for the sale of its 45.5% stake in SARAJEVO Insurance has caused an avalanche of criticism, mostly related to the target price set for the transaction.

Bosnia's Muslim-Croat Federation said it has decided to dispose of its 45.5% stake in local insurer Sarajevo Osiguranje via direct negotiations, following five failed sales attempts.

BOSNA Reinsurance dd Sarajevo gave up its stake in TRIGLAV Osiguranje dd Sarajevo, the Bosnian subsidiary of the Slovene TRIGLAV Group, reads osiguranje.hr. BOSNA Reinsurance Company sold the package of 20.28% of the shares on the Sarajevo Stock Exchange on 18 January.

Based on the figures released by AZOBIH - Insurance Agency of Bosnia and Herzegovina, at the end of September 2016 the aggregate value of GWP by the 27 insurers active in Republika Srpska and Federation of Bosnia and Herzegovina - the two administrative entities of the country, was of EUR 245.2 million, or 7.9% more y-o-y, while the value of claims paid was down by 5.2% y-o-y, to EUR 90.9 million.