Croatia's financial regulator HANFA has granted permission to diversified conglomerate Adris Grupa [ZSE:ADRS] to launch a buyout bid for catering and tourism company HUP-Zagreb, Adris said.
The Croatian Financial Services Supervisory Agency (HANFA) approved today the merger of the Croatian subsidiary of Vienna Insurance Group (VIG), Wiener Insurance, with Erste VIG, in accordance with the Merger Agreement dated 6 February 2018, the authority's website reads.
Slovenia's largest insurance group - TRIGLAV said it is buying a majority stake in RAIFFEISEN Bank's Croatian pension business, RAIFFEISEN Mirovinsko osiguravajuce drustvo.
Slovenian insurer Zavarovalnica SAVA, part of insurance group SAVA Re, announced it will acquire the two Croatian subsidiaries of the German insurance group ERGO.
Croatian insurer Allianz Zagreb said on Tuesday its gross written premiums rose by 2.7% to 1.146 billion kuna (154 million euro) last year.
The aggregate GWP of Croatian insurers increased to HRK 9.05 billion (EUR 1.20 billion) in 2017, up by 3.38% y-o-y, as official data show.
RENOMIA - one of the largest corporate and EB insurance broker in CEE Region announced it has acquired a stake in the Croatian broker DPS International.
Croatia tops a list of 33 European countries in terms of the impact of economic losses from natural disasters on the country's GDP between 1980 - 2015 but lags behind when it comes about the insured losses, Total Croatia News reports.
Croatian insurers reported aggregate GWP of HRK 6.9 billion (about EUR 922 million) in the first nine months of 2017, up by 2.6% y-o-y, according to the quarterly market figures published by Croatian Insurance Bureau - CIB website.
The gross written premiums of Croatian insurers totalled 6.2 billion kuna ($968.9 million/826.8 million euro) at the end of August, up 2.82% on the year, official figures show.
Croatia's Adris Grupa has unofficially again failed to get the regulatory clearance to increase its stake in Slovenian insurance group Sava Re to 33%, the newspaper Delo reported in its online edition on Tuesday.
The combined gross written premiums of Croatian insurers totalled 5.7 billion kuna (770.6 million euro) at the end of July, up 2.39% on the year, official figures show.
CROATIA Osiguranje Group, one of the largest insurer in the Adriatic region -, posted a first-half net profit of HRK 102 million (EUR 13.8 million), up 37% on the year.
The aggregate GWP of Croatian insurers totalled HRK 4.93 billion (EUR 665 million) at the end of June, up by 2.42% on the year, according to the market statistics published on the website of the Croatian Insurance Bureau - CIB.
HANFA - the Croatian Financial Services Supervisory Agency informed on its website it has approved the merger through absorption between CROATIA osiguranje and its private health insurance unit - CROATIA zdravstveno osiguranje.
Adris Grupa, a Croatian financial group, has once again requested clearance to increase its stake in Slovenia's Sava Re beyond 33%, after the Agency for Insurance Supervision rejected its its first request in October 2016, Siol.net reported on Friday.
Croatian diversified conglomerate Adris Grupa [ZSE:ADRS-R-A] said on Thursday it will invest an additional four billion kuna ($604.7 million/540.2 million kuna) in its businesses by 2021, two billion of which will be directed towards tourism.
The aggregate GWP by the 23 Croatian insurers members of the Croatian Insurance Bureau was of HRK 2.58 billion (EUR 345 million) in 1Q, up 2.26% on the year, as CIB quarterly figures show.