Business news from Ukraine

Business news from Ukraine

INGO INSURANCE COMPANY CHANGES NAME

INGO Ukraine insurance company (Kyiv) will operate under the name Joint-Stock Company INGO Insurance Company from April 2020, the insurer said in a press release.
Due to the change of name, the company’s logo and corporate identity are changing as well.
The company has been providing insurance coverage to its customers under the same brand for more than a decade and a half. The new name and visualization of the logo is an important stage in the implementation of the digital transformation strategy, as well as a reflection of the changes taking place in the company and the environment. The Latin transliteration of the company name INGO is emphasized by the fact that the company has been carrying out trans-border insurance and reinsurance operations for a long time, provides insurance services to its customers in any part of the world and is an active member of international guarantee coverage systems.
“The renewed logo is an element of our transformational strategy that is functional simplification, operational efficiency and the provision of high-tech insurance products and services. Thus, it is one of its important stages, which involves the creation of new products and services, as well as the development of a modern operating platform,” chairman of the company’s board Ihor Hordiyenko said.
The company said that the transition to the use of a new corporate style, including changing the signs of the company’s representative offices in the regions, will occur gradually. The announced changes will in no way affect the fulfillment of the current and future obligations of the company, as well as the concluded insurance and partnership agreements. The composition of shareholders, location, identification code of a legal entity, bank details also remain unchanged.
JSC INGO Insurance Company has more than 25 years of experience in the market. Since 2017, the main shareholder of the company has been the Ukrainian business group DCH of Oleksandr Yaroslavsky.
The company is one of the largest insurance organizations in Ukraine in terms of premiums, net worth volumes and insurance claims. It has 28 licenses for various types of compulsory and voluntary insurances, provides insurance services to corporate and retail clients.

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INSURER INGO UKRAINE WILL PAY UAH 26 MLN IN DIVIDENDS

The shareholders of INGO Ukraine insurance company (Kyiv) at a meeting on April 26 made a decision to pay dividends in the amount of UAH 26.148 million, according to the official information of the insurer. Money is paid directly to non-resident shareholders in U.S. dollars at the NBU rate on the day of payment, to residents in the national currency. Payment is made in the amount of UAH 85.58 per share.
INGO Ukraine has more than 20 years of experience in the market. It has 28 licenses for various types of compulsory and voluntary insurance, provides insurance services to corporate and retail customers. The INGO Ukraine team is more than 500 employees in 25 branches operating in all regions of Ukraine.
The IBI-Rating agency confirmed the company’s long-term credit rating at the level of uaAA for 2017, the forecast is “stable” on the national scale.
The main shareholder of the company since 2017 has been the Ukrainian business group DevelopmentConstruction Holding (DCH) with a 99.99% share.

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