The contract on the merger of UJSIC “ASKA” (Zaporozhye) with IC “VUSO” (Kiev) was approved by shareholders of IC “VUSO” at the meeting on March 22 of this year.
As reported on the web-site of IC “VSCO”, due to the merger all assets and liabilities of UJSIC “ASKA” pass to IC “VSCO”.
The companies will work under one brand of IC “VUSO” (VUSO).
“The merger process began in December 2021. Despite the difficulties of wartime, the reorganization procedure took place and as of today has already been completed”, – is noted in the message.
According to the head of the supervisory board of IC “VUSO” Mykhailo Nazarchuk, this step allowed to increase the presence of IC “VUSO” in the corporate segment of the insurance market, as well as to create a big player with Ukrainian capital.
IC “ASKA” submitted to the regulator an application for withdrawal of the last license and exclusion from the State Register of Financial Organizations.
As it was informed, at the end of November 2021 Renat Akhmetov’s SCM investment company informed about reaching preliminary agreements on selling UJSIC “ASKA” to shareholders of IC “VSO”. The National Bank agreed the purchase of 99,593% of “ASKA”, as well as 62,2156% of PJSC “Insurance company “ASKO-Donbass North” (Druzhkovka, Donetsk region), in which 62,4699% belonged to “ASKA”.
UJSIC “ASKA” is the first private insurance company which has appeared in independent Ukraine, and has been operating for already more than 30 years. It belonged to the portfolio of international investment company SCM. On December, 22nd, 2021 NBU decided to cancel 34 its licenses for insurance, except the license for obligatory insurance of civil liability of motor vehicles owners (OSAGO) on the basis of the submitted application.
IC “VUSO” was founded in 2001. Nowadays it owns 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance. It is represented in all regions of Ukraine.
