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Bulstrad Vienna Insurance Group AD

Summary

Company ID (NIN)

000694286

Company owner / manager

  • Vienna Insurance Group Wiener Versicherung Gruppe
  • TBI Bulgaria EAD - in liquidation

Country

Bulgaria

Capital

31,475,000

Total assets

791,133,000

Net profit for the period

19,785,000

Report year

2020

Currency

BGN

Industry

Non-life Insurance

General information

About Bulstrad Vienna Insurance Group AD

Bulstrad Vienna Insurance Group AD is a Bulgarian non-life insurance company, part of Austria-based Vienna Insurance Group AG. The Bulgarian Financial Supervision Commission ranked it third in the country in terms of gross written premiums on the non-life insurance segment in 2020.

 

Last updated on June 16, 2021.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Dec. 17, 1992
NIN
000694286
Tickers
Stock Exchange
ISIN
Profile last updated
June 16, 2021, 4:16 p.m.
Alternative names

    Bulstrad Vienna Insurance Group JSC
    Bulstrad Vienna Insurance Group ZAD
    Bulstrad VIG
    Застрахователно Акционерно Дружество Булстрад Виена Иншурънс Груп

History

    1961 - Insurance and reinsurance company Bulstrad is established in Sofia, the capital of Bulgaria.

    1967 - Bulstrad establishes its UK-based subsidiary European Insurance and Reinsurance Brokers Ltd.

    Dec 17, 1992 - The company is registered in the trade register as Bulstrad Insurance and Reinsurance AD.

    Sept 1, 1994 - Bulstrad Insurance and Reinsurance AD establishes its local subsidiary Bulstrad Life AD. In May 2009, Bulstrad Life AD changes its name to Bulstrad Life Vienna Insurance Group AD.

    1998 - The company sets up its local subsidiary Bulstrad Services and Consulting OOD. Later, Bulstrad Services and Consulting OOD renames to VIG Services Bulgaria EOOD.

    July 1999 - Bulgarian company BIP Group EAD acquires 31% in Bulstrad Insurance and Reinsurance AD.

    2004 - The company lists on the Bulgarian Stock Exchange.

    September 2004 - BIP Group EAD increases its share in Bulstrad Insurance and Reinsurance AD to 90%.

    October 2005 - Bulstrad Insurance and Reinsurance AD acquires 841,335 shares equal to 10% in the local zinc and lead smelter OTZK AD for BGN 3.8 mln, 107,609 shares equal to 10% in the hotel operator Pamporovo AD for BGN 1.8 mln and 244,363 stocks equal to 10% in the textile company Katex AD for BGN 1.3 mln.

    Apr 29, 2009 - Bulstrad Insurance and Reinsurance AD changes its name to Bulstrad Vienna Insurance Group AD.

    June 11, 2010 - BIP Group EAD merges into Bulgarian holding company TBI Bulgaria EAD and later becomes the majority owner of Bulstrad Vienna Insurance Group AD.

    Nov 13, 2012 - Local general insurer Bulgarski Imoti AD merges into Bulstrad Vienna Insurance Group AD.

    January 2016 - Bulstrad Vienna Insurance Group AD acquires 100% in the local insurer UBB AIG AD for EUR 3.2 mln. Later, UBB AIG AD changes its name to Nova Ins EAD.

    Dec 28, 2017 - The company delists from the Bulgarian Stock Exchange (Stock Symbol: 4BI; ISIN: BG1100015046).

    October 2018 - Bulgaria's financial regulator allows Vienna Insurance Group AG to increase its direct shareholding in Bulstrad Vienna Insurance Group AD, following the liquidation of its fully-owned subsidiary TBI Bulgaria EAD.

     

    Last updated on June 16, 2021.

Management

Board of Directors and Executives
Plamen Angelov Shinov
Member of the Board
Nikola Yordanov Pamukov
Member of the Board
Ivo Ivov Gruev
Member of the Board
Svetla Ivanova Nestorova-Asenova
Member of the Board
Teodor Iliev Iliev
Member of the Board
Nedyalko Dimchev Chandarov
Chairman of the Board and CEO
Supervisory Board
Plamen Gochev Gochev
Member of the Board
Peter Hoefinger
Chairman of the Board
Werner Matula
Member of the Board
Josef Aigner
Member of the Board
Anton Iliev Stankov
Member of the Board
Gerhard Laner
Member of the Board

Contacts

Address
5, Positano Sq.
1000
Sofia, Bulgaria
Telephones

+359 2 985 66 10
+359 2 937 98 30

Fax

+359 2 985 61 03
+359 2 981 82 42

Emails

public@bulstrad.bg

Websites
www.bulstrad.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Vienna Insurance Group Wiener Versicherung Gruppe 14.2 Company Austria
TBI Bulgaria EAD - in liquidation 85.8 Company Bulgaria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
European Insurance and Reinsurance Brokers Ltd 100.0 UK
Bulstrad Trudova Meditsina EOOD 100.0 Bulgaria
Nova Ins ZEAD 100.0 Bulgaria
Bulstrad Life Vienna Insurance Group ZEAD 100.0 Bulgaria
Global Services Bulgaria AD 50.0 Bulgaria
VIG Services Bulgaria EOOD 100.0 Bulgaria

Products and services

Bulstrad Vienna Insurance Group AD provides the following types of insurance:

  • motor vehicle;
  • property;
  • liabilities insurance;
  • travel and personal accident;
  • cargo;
  • agricultural;
  • reinsurance.

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