The National Bank of Ukraine on August 23 revoked licenses and excluded from the State Register of Financial Institutions ODO IC Varto (Kiev) and PJSC ASK Dnister (Lviv), according to the regulator’s website.
The regulator granted permission to exit the market by fulfilling the insurance portfolio to the mentioned companies on August 6 and July 17, having agreed on the exit plan.
According to the statements, for 2023, the insurance portfolio of PJSC ASK Dnister was formed from payments on insurance of land transport (except railway) – 91.6%, property insurance against fire and other risks – 6%, other types – 2.4%.
The volume of insurance premiums of the company in the mentioned period has amounted to UAH 10,010 mln, formed insurance reserves – UAH 4,987 mln, at the same time the company has paid UAH 6,109 mln of indemnities. Its share on insurance premiums in the market makes 0,01%.
The insurance portfolio of ALC IC Varto was formed at the expense of payments under health insurance contracts – 100%.
The volume of insurance premiums of the company in the specified period has amounted to UAH 29,594 mln, formed insurance reserves – UAH 3,007 mln. The volume of paid indemnities has been fixed at the level of UAH 15,422 mln. The company occupied 0,07% of the insurance services market.
The National Bank of Ukraine (NBU) has notified ASK Dnister (Lviv) that the Committee for Supervision and Regulation of Non-Banking Financial Services Markets on August 23 revoked the company’s operating licenses and excluded it from the State Register of Financial Institutions.
This insurer reported in the information disclosure system of the NCSSM.
As reported, the NBU on July 12 granted permission to ASK Dnister to voluntarily withdraw from the market by executing the insurance portfolio on the basis of its application.
The decision on the exit of PJSC “ASK ‘Dnister’ from the market and approval of the exit plan was adopted by the shareholders’ meeting on June 28, 2024.
The insurance portfolio of the company is formed of payments on insurance of land transport, except railway transport (91,6%), insurance of property against fire and other risks (6%), other types (2,4%).
The share of the company on insurance premiums in the insurance market makes 0,01%.
PrJSC ASK Dnister was founded in 1993, specializing in risk types of insurance.
The incidence of human cases of monkeypox in African countries is on the rise, with nearly 4,000 cases recorded over the past week, the Associated Press reported Tuesday, citing the African Center for Disease Control and Prevention.
According to Jean Kasey, director general of the agency, the total number of infected cases since the beginning of the outbreak has risen to 22,800. He noted that 81 people died of the disease in Africa over the past seven days.
On August 14, WHO declared a public health emergency over the spread of monkeypox in several countries around the world.
Monkeypox is a rare infectious disease most prevalent in remote areas of Central and West Africa. Its symptoms include nausea, fever, rash, itching, and muscle pain. With a mild course, the disease usually goes away on its own and lasts from 14 to 21 days.
Earlier, the Experts Club information and think tank released a video with a detailed explanation of the origin of the disease and the prospects for its spread – https://youtu.be/YXYU6KcQTcQ?si=wEj2TQc3MPHGx0QY
Deputies of the Chigirinsky city council granted permission to develop a land management project for allotment of land plots for permanent use by NAEK Energoatom, the company reported in Telegram.
The matter concerns the transfer of land plots with a total area of 38.1493 hectares in the village of Orbita in Cherkassy region, where it is planned to build four units using AP1000 technology.
“Energoatom” intends to revive Orbita, making it one of the most modern towns like Netyshyn, Yuzhnoukrainsk or Varash. The successful realization of these plans, of course, represents a significant investment in the post-war recovery and support for the energy security of the state,” – said the head of NAEK Petro Kotin.
As reported, the site for the construction of a power plant in this area of Cherkassy region was prepared in the 1960s, and the decision to build a nuclear power plant there was made in the mid-80s, but was never realized.
In accordance with the Energy Strategy until 2050, Energoatom plans to build units No. 3-4 with VVER-1000 technology and No. 5-6 with AP1000 technology at the Khmelnitsky NPP site.
In September 2021, Energoatom and Westinghouse signed a memorandum on the construction of five NPP power units in Ukraine. In June 2022, the companies signed agreements to increase the number of nuclear power units to be built using AP1000 technology in Ukraine from five to nine units and to establish a Westinghouse engineering and technical center in the country.
In July 2022, the companies signed a contract to develop an updated feasibility study for the construction of two AP1000 units at the Khmelnytsky NPP site.
In December 2023, Energoatom and Westinghouse signed a contract for the purchase of a reactor plant for Ukraine’s first nuclear power unit based on AP1000 technology.
JSC Malynskyi Stone Crushing Plant, PJSC Pinyazevytskyi Quarry, and JSC Korosten Quarry have been allowed to return to granite mining.
According to NADRA.INFO, on Tuesday, 27.08.2024, the relevant order of the First Deputy Head of the State Service of Geology and Subsoil of Ukraine Volodymyr Buchko was published on the official website of the Service (download the order, appendix).
The renewal of the special permits became possible after a corrective decision of the National Security and Defense Council of Ukraine, which removed the use rights granted to the above-mentioned companies from the sanctions imposed on the owners of the companies, Olena Kalpa and Ihor Naumets. It is worth noting that this decision of the National Security and Defense Council also prohibits the payment of dividends or other payments on corporate rights in favor of the sanctioned owners or their representatives.
As a reminder, in 2023-2024. the State Service of Geology and Subsoil of Ukraine suspended a number of mining and prospecting special permits for the use of subsoil to Ukrainian companies on the grounds that the business owners had previously been sanctioned by the National Security and Defense Council. See the overview of the consequences here.
The Office of the President of Ukraine promised to organize the development of amendments to the legislation to unblock Ukrainian extractive companies. The European Business Association proposed to revise the sanctions policy in the field of subsoil use.
NADRA.INFO addressed the First Vice Prime Minister of Ukraine and Minister of Economy of Ukraine Yulia Svyrydenko and the Head of the Security Service of Ukraine Vasyl Malyuk with an open appeal to adjust the sanctions mechanism to restore the activities of Ukrainian extractive companies. The SBU considered the appeal and took it into account.
The Ministry of Economy of Ukraine also supported the need to resolve the situation with special permits for subsoil use suspended due to the NSDC’s imposition of personal sanctions on the ultimate beneficial owners of subsoil users.
Eventually, on June 24, 2024, the NSDC amended the previous sanctions decisions against Vadym Novynskyi and Vadym Yermolaiev and imposed 10-year sanctions on Dmytro Firtash (the so-called first corrective decision of the NSDC). After that, the State Service of Geology and Subsoil renewed nine special permits. The NSDC’s corrective decision also provided for the revocation of a number of special permits, but as of August, the State Service of Geology and Subsoil had terminated the subsoil use rights of only Vadym Novynskyi’s companies (one of the sites had already been included in the strategic list). Motronivsky GOK and Trends System avoided revocation amid the ongoing procedure of alienation of special permits and court injunctions (for more details, see here, here, here, here).
Insurance company “PZU Ukraine” (Kiev) in January-June 2024 settled under contracts of voluntary insurance of motor vehicles (CASCO) 2,2 thousand events, which is 14% more than in the same period a year earlier, the company reports.
The total amount of payments under this type of insurance is UAH 100.7 mln, which is 23% more than in the first half of last year. At the same time, 105 applications have been accepted under CASCO contracts for events that occurred abroad, the amount of payments for events abroad is almost UAH 6 mln. The largest payment for this period under such contract amounted to UAH 1.313 mln. 53% of CASCO cases have been settled within 7 days.
According to the company’s data for 6 months of the current year under contracts of compulsory insurance of motor third party liability of vehicle owners (MTPL) the company settled 5,324 thousand events for the total amount of UAH 156,220 mln. At the same time, 474 insurance cases were considered under the system of direct settlement and payments in the amount of UAH 13.9 mln were made. Through Telegram-bot PZU on KASKO and MTPL contracts 4,811 appeals were accepted.
As for “Green Card” contracts in the period January-June 2024 502 insurance cases were settled for the total amount of UAH 78,7 mln. The largest payment under such contract for the specified period is UAH 2,740 mln.
PZU Ukraine is a part of one of the largest insurance groups of Central and Eastern Europe – PZU Group (which includes the parent company of PJSC IC PZU Ukraine – PZU S.A.).
