Business news from Ukraine

IC ARX has re-elected management of its Kiev company for five-year term

The Supervisory Board of the insurance company ARX (Kiev) on July 28 re-elected the head of the board of the company Andriy Peretyazhko, first deputy head Maxim Mezhebitsky and deputy head of the board Vyacheslav Gavrilenko for a new term of five years, according to the information disclosure system of the National Commission on Securities and Stock Market.

In January-March 2024, the company collected gross insurance premiums of UAH 946.5 million, which is 21.08% more than in the same period a year earlier, net premiums increased by 20.46% to UAH 919.405 million, net earned insurance premiums – by 26.46% to UAH 934.380 million.

The volume of insurance payments made by the insurer, for the first quarter of 2024 has grown by 42,08% – up to UAH 431,185 mln. Thus, the level of payouts has grown by 6,73 p.p. – to 45,56%.

IC ARX is a part of the international Canadian insurance group Fairfax Financial Holdings, working in the Ukrainian market for 26 years, 11 of which under the brand AXA Insurance.

 

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