On April 7, PJSC National Energy Company (NEC) Ukrenergo announced its intention to conclude contracts with Ultra Alliance Insurance Company for property insurance of Lviv Insulator Company LLC (Lot 1) and third-party liability insurance (Lot 2).
According to the Prozorro electronic public procurement system, the estimated cost of services in Lot 1 was UAH 514,200, while the company’s bid was UAH 366,400. Also participating in this lot were Transmagistral Insurance Company—430,100 UAH—and VUSO Insurance Company—513,600 UAH.
The bid for Lot 2 was 321,400 UAH; the bids from IC “Ultra Alliance” were 147,800 UAH, IC “Transmagistral” – 245,100 UAH, and IC “VUSO” – 319,300 UAH.
INSURANCE, Lviv Insulator Company, UKRENERGO, Ultra Alliance
On April 8, the National Anti-Corruption Bureau of Ukraine (NABU) announced its intention to enter into a contract with Insurance Company “Ultra Alliance” (Kyiv) for the procurement of voluntary motor vehicle insurance services.
According to a notice in the Prozorro electronic public procurement system, Ultra Alliance Insurance Company offered a comprehensive insurance price of 3.812 million UAH against an expected cost of 5.824 million UAH.
Insurance Company “Kraina” also participated in the tender with a bid of 4.987 million UAH.
Insurance Company “Ultra Alliance” has been providing insurance services since 2004.
According to the NBU, the company ranks 28th among Ukraine’s non-life insurers (47) in terms of premiums collected in 2025.
KP “Kyivkommunservice” on January 8 announced its intention to conclude a contract with IC ‘Kraїna’ for compulsory insurance of civil liability of owners of land vehicles (OSAGO), and with IC “Ultra Alliance” for voluntary insurance of civil liability (VLI), according to the system of electronic public procurement Prozorro.
The price offer of IC “Kraina”, the only participant of the tender, amounted to UAH 300.9 thousand at an expected cost of UAH 364.5 thousand.
The price offer of IC “Ultra Alliance” has amounted to UAH 31,980 th., at the expected cost of UAH 60,840 th.
The company was also the only participant of the tender.
On September 9, the State Protection Department of Ukraine opened a tender for voluntary motor vehicle hull insurance.
According to the electronic public procurement system Prozorro, the lowest price offer was made by Ultra Alliance Insurance Company – UAH 1.897 million against the expected cost of UAH 6.6 million. In this regard, the organizer of the tender asks the company to justify the abnormally low offer by September 11.
The tender is also attended by IC Persha with an offer of UAH 5.08 million.
As reported, the tender was announced on August 9. The complaint of Ultra Alliance Insurance Company (Kyiv) was submitted to the Antimonopoly Committee of Ukraine (AMCU) for consideration on August 13. On August 26, the AMCU ordered the State Protection Department of Ukraine to amend the tender documents.
Ultra Alliance Insurance Company was registered in 2004 and specializes in risk insurance.
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.
