Archive 2008

October 17, 2008

Eurohold Bulgaria has increased the equity capital of EIG through the issuance of 28 799 991 new shares

The company’s equity capital was increased from BGN 239 462 800 to BGN 268 262 791 through the issuance of new shares.

September 01, 2008

EIG acquired a minority stake in the Serbian general insurance company Takovo Osiguranje

On August 29, 2008 Euroins Insurance Group (EIG) acquired 41 948 shares of Takovo Osiguranje which represents approximately 10% stake in the listed Serbian insurance company.

August 12, 2008

EIG received permission for acquisition a majority share in Makosped Osiguruvanje

Euroins Insurance Group LLC (EIG), the Eurohold Bulgaria’s subsidiary, has received permission from Ministry of finance of Republic of Macedonia (the domestic insurance regulator) for acquisition a majority share in Macedonian general insurance company Makosped Osiguruvanje. The transaction is going to be finalized next week.

June 30, 2008

Global Finance invests in EIG

Global Finance, through its South Eastern Europe Fund, has agreed to inject Euro 26 mm of equity in EuroIns Insurance Group LLC (EIG) against a minority stake.

June 17, 2008

EIG registered 32% gross written premiums growth for the first 5 months of 2008.

The total written premiums of Euroins Insurance Group’s subsidiaries (Euroins Bulgaria, Euroins Romania, Euroins Osiguruvanje (formerly Macosped Osiguruvanje), Euroins Health Assurance) reached BGN 64.7 million. The realized growth is 32% compared to generated BGN 49 MM for the same period of 2007.

February 08, 2008

The companies from EIG with 77% growth of net income for 2007

The administrative expenses come to BGN 28,3 million, which is a rise with 16,2% only.