Ultra Alliance Insurance Company PrJSC (formerly Ultra Insurance Company Kyiv) will increase its authorized capital to UAH 48 million by holding an additional issue of UAH 18 million.
According to the information disclosure system of the National Securities and Stock Market Commission, this decision was made by the shareholders during a meeting on August 21.
It is also noted that the issue is planned to be carried out by allocating to the authorized capital of the company the profit received for 2019-2022 in the total amount of UAH 18 million. The issue will be carried out by increasing the nominal value of shares from UAH 1 thousand to UAH 1.6 thousand.
The authorized capital is being increased to comply with the minimum authorized capital requirements for insurance activities in accordance with the provisions of the Law of Ukraine “On Insurance”.
Ultra Alliance Insurance Company was registered in 2004. The authorized capital is UAH 10 million. The company specializes in risk insurance. The ultimate beneficiary is Igor Yankovsky.
The National Rating Agency “Rurik” has assigned the long-term credit rating of the borrower at the level of uaAA of the investment category with the forecast “in development” and the rating of financial reliability (stability) of the insurer at the level of uainsAAA of the investment category.
LLC “Altair-Aktiv” owning 89.78% of shares of PJSC “Insurance company “Ultra Alliance” (formerly IC “Ultra” Kiev) reduced its stake to 0%, according to official information from the National Commission on Securities and Stock Market.
Also, it is noted that the shareholders of the company became Andrew Goreltsev, who owns 40.94% shares of the insurer and Viktor Moskalenko – 48.84%.
It was also informed that “Finance Group” LLC, which owned 9,97% earlier, has kept its stock at the same level.
The report also clarifies that Victor Moskalenko owns 54.4% of the authorized capital in “Altair-Aktiv” LLC, Andrei Goreltsev 9.98%, Leonid Parashchuk 7.43%, Olga Chuprina 9.41%, Igor Rudyak 6.69%, Liudmila Filinovskaya 6.69%, Liudmila Shchurova 5.40% of the authorized capital.
As reported, IC Ultra provides insurance services since 2004 and has 17 licenses for compulsory and voluntary types of insurance.
October 2, 2022 National rating agency “Rurik” has confirmed the long-term borrower rating of IC “Ultra Alliance” at level uaAA of investment category with the forecast “development” and insurer financial strength rating (stability) at level uaAА of investment category.
LLC “Odessa Regional Energy Supply Company” and IC “Ultra Alliance” (formerly IC “Ultra”, Kyiv) signed an agreement on voluntary medical insurance and accident insurance.
According to the Prozorro electronic public procurement system, the expected cost of purchasing services was UAH 1.3 million, the company’s price offer was UAH 771.269 million.
The tender was also attended by InterExpress Insurance Company – UAH 711.270 thousand, Misto Insurance Company – UAH 776.1 thousand, Motor-Garant Insurance Company – UAH 804.3 thousand, Europolis – UAH 963.7 thousand. UAH, Providna – UAH 1.095 million, Oranta – UAH 1.098 million, Krajina – UAH 1.141 million, TAS SG – UAH 1.289 million.
IC “Ultra” has been providing insurance services since 2004, has 17 licenses for compulsory and voluntary types of insurance.
In 2021, the insurer was confirmed with a financial strength rating of “uaAA”.
