FYROM's leading insurer sold to Slovenian Triglav

Zavarovalnica Triglav, Slovenia's largest insurance company, has acquired 70.36% in Skopje-based insurer Vardar Osiguruvanje in a deal reported to be valued around EUR 23m, Slovene Press Agency reports. According to a press ... More

Serbia to sell insurer DDOR

Serbia will sell its second-biggest insurer, DDOR, in a televised public auction on November 19, completing its first privatisation in the sector. DDOR has an approximately 30% market share in Serbia's fast-growing insurance ... More

Bulgarian insurer Victoria set on farming insurance

Rome-based Fata, a wholly-owned unit of Gruppo Generali, said it will seek to better position Bulgaria's Victoria on the segment for farming equipment insurance. Earlier this year, Fata bought a 67% in Victoria for around 10 ... More

Prime Serbian insurer to be sold

Novi Sad's DDOR insurance company will be sold in a public auction in Belgrade. The tender for the sale was called in May 2006, but was put on temporary hold due to the parliamentary elections early this year. Eleven ... More

Only 8 pc of Romanians’ homes are insured

Out of over eight million housing units in Romania, only eight per cent are subject to specialised insurance policies, head of the Insurance Overseeing Commission (CSA) Angela Toncescu stated yesterday, according to Mediafax. ... More

Slovenian Sava enters strategic partnership with Montenegrin insurer

Reinsurance company Pozavarovalnica Sava has forged a strategic partnership with Montenegrin insurance company Montenegro Osiguranje, saying that it is a prelude to a potential takeover. Pozavarovalnica Sava and the owners of ... More

Romania: Certinvest launches new accumulation fund

Investments trustee company Certinvest announced the first project launched under the umbrella of British insurer Aviva, an accumulation fund in euro, with a structure similar to pension funds, yet with placements following the ... More

Vantu eyes private pension market

Sorin Ovidiu Vantu is making ready for a new business: private pensions. The businessman managed to enter the Pillar 2 market (compulsory pension benefits managed by private entities), via MKB Romexterra Fond de Pensii, but he ... More

Only 33% of Bulgarians have insurance of any kind

A mere 33% of Bulgarians have at least one type of insurance cover while the remainder have not bought any insurance products in the past 5.5 years, found a Gallup International national survey commissioned by insurance company ... More

Generali invests EUR 45 million in private pensions

Generali invested EUR 45 million in the share capital of the mandatory private pensions company Generali Fond de Pensii. The new company has recently been registered with the Trade Registry and has already applied for a license. ... More

Three Italian insurance companies interested on Romanian market

– Three Italian insurance companies intend to penetrate the Romanian market, being interested in buying ASIROM and ASIBAN, Guglielmo Frinzi , the president of the Romania-Italy Chamber of Commerce, told Rompres yesterday. ... More

Bulgarian Eurohold buys Romanian insurance co

Local holding company Eurohold Bulgaria said it has entered the general and auto insurance market of neighboring Romania with the purchase of Asitrans Asigurari and Asitrans Leasing. The acquisition of the auto leasing ... More

Slovenian group Prva enters Romanian market

Slovenian group Prva received the authorisation of the Commission Overseeing the Private Pension System to set up a company operating in the private pension system, Pillar II, the company announced recently, in a press release. ... More

Munich Re insurance division enters Romanian market

Insurances division of German group Munich Re, Ergo enters the Romanian market through a partnership with Unicredit bank. On medium term, the agreement will be also expanded in Serbia, Ukraine, Bosnia and Baltic Countries. Ergo ... More

Insurer Triglav Opens Subsidiary in Slovakia

Zavarovalnica Triglav, Slovenia's biggest insurance company by premiums, opened on Wednesday, 18 April in Bratislava its subsidiary Triglav poistovna, in another step towards becoming one of the leading insurers in Southeastern ... More

Croatia targets acquisition of Vardar insurance

Croatia insurance company is interested in acquiring FYROM's Vardar insurance offering 32 mil euro for this company, 'Croatia Today reports. Vardar is seeking EUR 50 million for the takeover, but Croatia insurance considers ... More

Minimum return for universal pension funds set at 5%

Bulgaria’s financial regulator Wednesday set at 5.02% the minimum return for the nation’s universal pension insurance funds over the 2-year period ended March 30, 2007 . The minimum return for the occupational ... More

Istanbul to host 2nd int’l insurance symposium

The Second International Insurance Symposium will be held in Istanbul on Friday 2007, Turkish Anadolu news agency reports. Turkey Insurance & Reinsurance Companies' Association (TSRSB) said in a statement that the symposium on ... More

Four Albanian insurance companies on sale

Four insurance companies in Albania could change ownership in the upcoming months, according to different sources. In February, 51% of the medium-sized company InterAlbanian was sold to Aspis Group of Greece, for EUR 2.1mn. ... More

Vienna Insurance Group to enter Kosovo, Albania, and FYROM

Wiener Städtische Versicherung AG Vienna Insurance Group plans to enter the Albanian insurance market. TBIH Financial Services Group N.V. (TBIH), in which Wiener Städtische Versicherung AG Vienna Insurance Group ... More