KYIV. Dec 8 (Interfax-Ukraine) – A representative office of Italy’s Bruno Sforni S.p.A, the insurance and reinsurance broker, plans to finish its registration in Ukraine by the end of this year and it plans to start operating on the market late January or early February 2016, CEO Bruno Sforni told Interfax-Ukraine on Monday.
He said that Bruno Sforni S.p.A has been present on the Ukrainian market for five years. At present, it is actively operating with the Agrarian Insurance Pool and pool-member companies. The obligatory reinsurance agreement for the Agrarian Pool is being agreed now with PartnerRe.
“When the subsidiary is registered, the list of clients will be expanded. This will be not only pool-members, but other insurers,” he said.
He said that Bruno Sforni S.p.A is one of the oldest brokers in Europe (over 100 years). In Italy, this is the largest broker working with all types of insurance, and it is planned to provide these services to Ukrainian companies in the future. The company also has an underwriting agency in Italy working with surveyors. It is planned to provide these services in Ukraine not only to insurance companies, but farmers.
“Five years ago, when we started, it was stability: there were subsidies, and it was easier to work. The situation has got complicated by hostilities and violation of economic stability. Recently, especially when the pool started actively operating and initiated the legislative changes, it has become easier to work. There is a desire to stay on the market, which has a large potential of growth,” he said.
The Agrarian Insurance Pool said in a press release that early December 2015 Bruno Sforni S.p.A declared the start of the cooperation program with the pool.
