Bulgaria's Financial Supervision Commission said it has granted approval to local insurance company Saglasie to absorb Sofia-based Tokuda Health Insurance.
Bulgaria's financial regulator said it has delisted insurance company Euroins from its register of public companies and, thus, from the Sofia bourse.
Bulgaria's financial regulator said it has allowed the publication of a buyout offer by TBI Bulgaria for 10,000 shares in Sofia-based Bulstrad Vienna Insurance Group [BUL:4BI] it does not already own.
The Bulgarian Stock Exchange (BSE) said it has suspended from trading the shares of Sofia-based Bulstrad Vienna Insurance Group as the insurer's majority owner has published a bid to acquire the remaining minority interest.
The new policy on mandatory vehicle insurance prices will come in effect from January 1, 2018. The price will be lower for careful drivers and up to 180% more expensive for drivers who have been fined for traffic violations.
Bulgaria's Financial Supervision Commission (FSC) said it has sent back for correction the documents submitted by insurer Euroins related to its request to be delisted from the Bulgarian Stock Exchange.
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.
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.
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.
Bulgaria's Euroins said on Tuesday its shareholders have approved a decision to delist the insurance company from the stock exchange in Sofia.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.