The meeting of shareholders of “Busin” insurance company (Kyiv) on March 17 intends to terminate the authorities of Denis Ovchinnikov, the head of the board and to appoint Alexander Nepochatov to this position, the insurer reported in the information disclosure system of the National Commission on Securities and Stock Market.
As it was reported, Denis Ovchinnikov owns 12,495% of the company and has been heading the company for the last 5 years.
In March 2021, its shareholders Larisa Nepochatova and Alexey Ovchinnikov reduced their stake from 49.9% to 25%. In turn, Denis Ovchinnikov and Ivan Ovchinnikov have increased their stakes from 0.009% to 12.495%, Alexander Nepochatov – from 0.009% to 24.99%.
IC “Busin” in January-September 2022, the company has collected UAH 151,9 mln of gross premiums, which is by 71,57% less than a year before, net premiums have fallen by 23,70% to UAH 46,682 mln, earned premiums – by 30,91%, to UAH 52,596 mln.
During this period, the company has paid out UAH 649 th of insurance reimbursements, which is 76,59% less than during the same period of 2021. Thus, the level of payments has decreased by 0,09 p.p. – to 0,43%.
The financial result from operating activities of IC has amounted to UAH 11,269 mln, net profit has increased almost in six times – up to UAH 41,863 mln.
IC Busin was incorporated in February 1993. It specializes on risk kinds of insurance. It is a member of several professional and industry associations: League of Insurance Organizations of Ukraine, National Insurance Indemnity Club, International Association of Aviation Insurers (UA), Nuclear Insurance Pool, American Chamber in Ukraine, British Business Club.
