Business news from Ukraine

Business news from Ukraine

Agroholding 2012 became sole owner of insurance company Nadiina

Agroholding 2012 LLC (Khmelnytskyi region) has increased its stake in Nadina Insurance Company PJSC (Kyiv) from 90.5% to 100%, according to the information disclosure system of the National Securities and Stock Market Commission of Ukraine.

It is noted that Natalia Zhurakhivska, who owned 9.5% of the insurer’s shares, reduced her stake to 0%.

As reported, at the end of April 2025, Agroholding 2012 LLC asked the Antimonopoly Committee of Ukraine to give its preliminary opinion on whether it’s necessary to get permission to take control of Insurance Company Nadiina.

In 2024, Nadia Insurance Company collected gross insurance premiums of UAH 61.162 million, which is 52.05% less than a year ago. At the same time, premiums from individuals amounted to UAH 0.525 million, and there were no premiums from reinsurers.

Insurance payments sent to reinsurers in 2024 decreased by 83.56% compared to the same period in 2023, to UAH 12.1 million, The reinsurers’ share in insurance premiums decreased by 37.91 percentage points to 19.78%.

The insurer’s net premiums for the reporting period decreased by 9.09% to UAH 49.062 million, and net earned premiums decreased by 12.41% to UAH 46.283 million.

The volume of insurance payments made by IC “Nadiina” increased last year by 22.48% to UAH 13.508 million. Thus, the level of payments increased by 13.44 percentage points to 22.09%.

At the end of 2024, the company’s operating profit amounted to UAH 15.842 million, and net profit amounted to UAH 14.122 million.

As of January 1, 2025, the insurer’s assets grew by 7.92% to UAH 81.876 million, while its equity decreased by 2% to UAH 63.298 million.

The company’s liabilities for this period increased by 64.68% to UAH 18.578 million, while cash and cash equivalents increased by 9.9%. Agroholding 2012 LLC was established in September 2015.

Its beneficiaries through the venture fund “Oferent” are Galina and Alexander Gerega.

The company’s activities include the cultivation of cereals, legumes, and oilseeds.

 

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Ukraine’s Export Credit Agency is looking for insurer for CASCO

On June 19, the Export Credit Agency (ECA) announced a tender for voluntary insurance of motor vehicles (CASCO), according to the state procurement system Prozorro. The expected cost of purchasing the services is UAH 50 thousand. The deadline for submission of documents is June 28, 2025.
The Export Credit Agency of Ukraine (ECA) is a state institution that supports non-resource exports by insuring the risks of enterprises and banks. The agency insures foreign economic contracts, export credits, bank guarantees, and investment loans against military risks.

 

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Ukraerorukh seeks insurer for compulsory motor third-party liability insurance

On June 17, the State Air Traffic Services Enterprise of Ukraine (Ukraerorukh) announced a tender for the purchase of compulsory civil liability insurance for owners of ground vehicles (OSAGO), according to the Prozorro electronic public procurement system.
The expected cost of the services is UAH 2.133 million. The deadline for submitting bids is June 25. The winner of a similar tender a year earlier was SG TAS.

 

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State Customs Service of Ukraine is looking for insurer for compulsory motor third-party liability insurance

On May 22, the State Customs Service of Ukraine announced a tender for compulsory motor third-party liability insurance services for owners of land vehicles (OSAGO). According to the Prozorro electronic public procurement system, the expected cost of the services is UAH 70,000. The deadline for submitting bids is May 30.

 

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NBU has selected European Insurance Alliance as insurer for compulsory motor third-party liability insurance

On May 1, the National Bank of Ukraine (NBU) announced its intention to conclude an agreement with the European Insurance Alliance insurance company for compulsory motor third-party liability insurance (CMTPL) and accident insurance for drivers (AI), according to the Prozorro public procurement system.

The company’s price offer was UAH 641,587 thousand against the expected cost of purchasing the services – UAH 1.044 million.

The tender was also participated in by insurance companies VUSO, whose offer was 28 kopecks higher, and Guardian Insurance Company – UAH 899,940 thousand.

As reported, SK Guardian was the winner of a similar tender a year earlier.

European Insurance Alliance PJSC has been operating in the Ukrainian insurance market since 1994. It is a member of the MTIBU Audit Commission, a participant in the agreement on direct settlement of losses under compulsory civil liability insurance for owners of land vehicles, and a member of the Nuclear Insurance Pool of Ukraine.

The company offers 30 types of voluntary and compulsory insurance, including property, motor vehicle, liability, and personal insurance.

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Insurer “Express Insurance” increases number of service station-partners

Since the beginning of 2024 the number of service station-partners of IC “Express Insurance” has increased by 22 stations throughout Ukraine, and as of July 1, 2024 their total number is 83.

As reported in the information of the company, in June 2024 five more new partners in Volyn, Zhytomyr, Cherkassy, Chernovtsy regions and Kiev joined the network of the company.

The company notes that the expansion of the network will allow to provide the best service for customers in a convenient place for them, as well as is an important element of its strategy and a necessary condition for fulfillment of obligations in accordance with the requirements of the new Law on compulsory civil liability insurance of owners of land vehicles.

Express Insurance ALC was founded in 2008 with participation of UkrAVTO Corporation. The company specializes in automobile insurance.

https://interfax.com.ua/

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