You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bulgaria's Bulstrad VIG lands 2 mln euro insurance deal with state reserve agency

Author Mario Tanev
Bulgaria's Bulstrad VIG lands 2 mln euro insurance deal with state reserve agency Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), January 8 (SeeNews) - Bulgaria's Bulstrad Vienna Insurance Group (VIG), part of Austria's Vienna Insurance Group, has signed a 3.9 million levs ($2.2 million/2.0 million euro) insurance deal with Bulgaria's State Reserves and War-Time Stocks State Agency, the government agency said on Wednesday.

The contract covers motor vehicles and other property insurance, the agency said in a notice.

The deal was inked on January 6, according to the notice.

The tender for the contract attracted two offers.

In the first ten months of last year, Bulstrad VIG was the second biggest player on the local non-life insurance market with a market share of 11.6% in terms of gross written premiums.

(1 euro = 1.95583 levs)

Compare