On February 26, Khmelnytsky municipal enterprise Electrotrans announced its intention to conclude contracts with Grave Ukraine Insurance Company for voluntary insurance of land transport and compulsory insurance of civil liability of owners of land vehicles, according to the ProZorro electronic public procurement system.
Contracts will also be concluded for compulsory insurance against transport accidents, compulsory insurance of employees of departmental and rural fire protection and members of volunteer fire brigades (teams).
The total expected value of the procurement of services was UAH 1.336 million, and the company’s price offer amounted to UAH 1.335 million.
On April 10, 2008, INPRO Insurance Company became a member of the Austrian financial concern GRAWE (Grazer Wechselseitige Versicherung AG) and was renamed into PrJSC Insurance Company Grave Ukraine. The company’s regional network includes about 23 customer service centers in Ukraine.
ELECTROTRANS, Grave Ukraine, INSURANCE COMPANY, insure risks
Swiss insurance company Chubb Ltd. with the bulk of its operations in the United States plans to increase its quarterly dividend by 5.8% to $0.91 per share.
According to the company’s press release, the board of directors recommended that shareholders at the annual meeting approve this amount of dividends for the current year.
Payments for the fourth quarter of $0.86 per share will be made on April 5. The share register is scheduled to close on March 15.
The dividend yield on Chubb’s securities after the increase in payments will be about 1.4% based on the quotes at the close of trading on Wednesday ($251.96).
The price of the insurer’s securities during the previous session on Thursday fell by 0.7%. Over the past three months, the company’s capitalization has increased by 11.2% (to $102.2 billion), while the S&P 500 stock index has added 9.3% over the same period.
Insurance company KD Life (KD Life, Kyiv) has increased its authorized capital by 48% to UAH 53.302 million, according to the insurer’s website.
It is noted that the additional issue of shares was registered by the decision of the National Securities and Stock Market Commission on January 19, 2024.
“The company continues to implement new standards and procedures in accordance with the requirements of the new legislation, actively adapts its internal processes and policies, directing all efforts to comply with the new regulations,” the statement said.
KD Life is a Ukrainian company founded in 2007 by KD Group holding.
KD Group Holding is a leader in the financial market of Eastern Europe, with almost 130 years of successful experience in life and risk insurance, financial management and investment funds.
Currently, the company’s services are offered by more than 3 thousand consultants throughout Ukraine.
The shareholders’ meeting of Avangard Insurance Company (Kyiv) has decided to increase the authorized capital by 4 times, up to UAH 48 million, by holding a share issue worth UAH 36 million, according to the insurer’s official information posted in the information database of the National Securities and Stock Market Commission (NSSMC).
It is noted that during the private issue it is planned to place 36 thousand shares with a par value of UAH 1 thousand.
Avangard Insurance Company was registered in November 2004. It specializes in risk insurance.
The company’s shareholders are LLC “AVT-Boutique” (Kyiv) with 47.51% and six individuals with stakes ranging from 9.5% to 9.8%.
The authorized capital is UAH 12 million.
In 2023, ARX Insurance Company (ARX Kyiv) made insurance payments in the amount of UAH 1.384 billion, which is 33.07% more than a year earlier.
According to the company’s Facebook page, in December 2023, the company paid UAH 131.025 million to its clients, including UAH 67.632 million in voluntary motor hull insurance, UAH 14.456 million in compulsory motor third-party liability insurance, UAH 36.196 million in voluntary health insurance, and UAH 2.963 million in Green Card insurance.
As reported, ARX Insurance Company has been operating in the insurance market for 26 years. It is part of the international insurance holding Fairfax Financial Holdings Limited (Canada).
The shareholders of Mir Insurance Company (Kyiv) will consider renaming the company to Pobeda Insurance Company at a meeting on October 23, according to the agenda of the meeting published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
According to the agenda, the shareholders also plan to consider adding such activities as reinsurance and insurance agents and brokers to the CEAs of the company, which are listed in the Unified State Register of Legal Entities and Individual Entrepreneurs. The company also plans to change its location.
As reported, IC Mir was registered in 1992 and specializes in risk insurance.
According to the data published on the company’s website, the owner of 79.9% of the company’s shares is ABC Finance LLC, and 13.299% is owned by Vladimir Babko.
