Business news from Ukraine


20 March , 2019  

The acquisition of Guardian insurance company (Kyiv) by new shareholder, who is citizen of Lithuania, Arunas Siksta was started on March 12, 2019, the insurer has said in a press release.
According to the report, Siksta is a senior manager with thirty years of experience in banking, insurance and telecommunications. In particular, he collaborated with AB Swedbank, which representative office he headed in Lithuania, as well as with Norway’s largest insurance company, Gjensidige, where he served as deputy board chairman. In addition, for several years he was engaged in the integrated construction of a financial infrastructure for European banks, including the creation of insurance companies from scratch.
According to the press release, the new shareholder was satisfied with the results of the financial and personnel audit of Guardian insurance company.
“My auditors provided enough information that I found to be perfectly satisfactory. According to the results of the financial statements, the company’s performance is at a proper financially stable level, and the staff is highly qualified, which is what the figures say. Based on this, I see no need to reform the company or make any rotations. All management, employees and branches will work in the same mode and composition. Our plans are only to expand and improve the quality of services for our clients,” the company said in the press release, citing Siksta.
The press service also said that during the visit of the new shareholder of Guardian to Ukraine, he met with Head of the National Commission for Financial Service Markets Regulation of Ukraine Ihor Pashko and President of the League of Insurance Organizations of Ukraine Oleksandr Filoniuk. At the meeting, Siksta expressed confidence that the Guardian insurance company would be a worthy example of effective investments in the Ukrainian insurance market, and by providing services at a new level of quality it would increase customer confidence in this sector.
“Today, Lithuanian investments in the Ukrainian market are coming more and more often, but not in such volumes and not in the insurance sector. You are the first and we are very pleased with such serious investors,” Pashko said.
Guardian has been working in the insurance market since 2007.

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