On August 30, 2024 PJSC Insurance Company “Columnaid Ukraine” has received from the new shareholder SCP Luxembourg S.A.R.L. the message about acquisition on August 27, 2024 of a significant block of shares exceeding the threshold value of 95% of voting shares of the company.
According to the message of the insurer in the information disclosure system of the NCSSM, SCP Luxembourg owns 100% of the authorized capital of IC “Columnaid Ukraine”.
The message indicates that the date of alienation of shares of IC “Colonnade Ukraine” by previous shareholders of the company – Colonnade Finance S.A R.L., Fairfax Financial (US) LLC and Fairfax Holdings Inc. – is August 27, 2024.
As reported, the National Bank of Ukraine on December 28, 2023 agreed SCP Luxembourg SARL direct ownership of 99.9833% of PJSC IC Colonnade Ukraine.
PJSC IC Colonnade Ukraine (until 2016 – PJSC IC QBE Ukraine) was founded in 1998 as the first international insurer in the Ukrainian market. In November 2015 the company Colonnade Finance SARL (Luxembourg) has concentrated 99,9833% of the authorized capital of the insurer.
Earlier Fairfax Financial Holdings Limited has concluded an agreement with QBE Management (Ireland) Limited and its Ukrainian partner on indirect acquisition of 100% of the Ukrainian IC through the companies Colonnade Finance SARL (Luxembourg), Fairfax Holdings Inc. (Connecticut, USA), Fairfax Financial (US) LLS (Delaware, USA).
The Supervisory Board of PJSC Insurance Company “Columnaid Ukraine” on June 18 terminated the powers of CEO Svyatoslav Yaroshevych, appointing him Acting Chairman of the Board, according to the company’s information posted in the system of the National Commission on Securities and Stock Market.
The reason for this decision was the termination of the sole executive body “CEO” and the appointment of a collegial executive body “board of the company” in accordance with the new version of its charter.
It is emphasized that Yaroshevich is appointed acting pre-management until the National Bank approves his candidacy for the position of chairman of the board.
In addition, the NAB has appointed the head of underwriting department Oleksiy Pilipenko and financial director Yulia Aniskina as acting members of the Board, also before the approval of the NBU.
PJSC IC Colonnade Ukraine (until 2016 – PJSC with AI “QBE Ukraine”) was founded in 1998 as the first international insurer in the Ukrainian market.
As reported, the company Colonnade Finance SARL (Luxembourg) in November 2015 has concentrated 99,9833% of the authorized capital of the insurer. Earlier Fairfax Financial Holdings Limited entered into an agreement with QBE Management (Ireland) Limited and its Ukrainian partner on indirect acquisition of 100% of the Ukrainian IC through the companies Colonnade Finance SARL (Luxembourg), Fairfax Holdings Inc. (Connecticut, USA), Fairfax Financial (US) LLS (Delaware, USA).
