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Bulgaria's EIG Re to offer property, natural forces insurance in Netherlands

Author Mario Tanev
Bulgaria's EIG Re to offer property, natural forces insurance in Netherlands wrangler/Shutterstock.com

SOFIA (Bulgaria), January 8 (SeeNews) - Bulgaria's EIG Re intends to start offering fire and natural forces insurance and other damage to property insurance insurance in the Netherlands, according to a statement by Bulgaria's Financial Supervision Commission (FSC).

Bulgaria's financial regulator has informed its Dutch peer regarding the company's plans, the FSC said in a statement on Tuesday.

In the first ten months of 2019, EIG Re was among Bulgaria's smallest insurers with gross written premiums (GWP) of 2.1 million levs ($1.2 million/1.1 million euro), equal to a 0.1% market share. The company booked half of its GWP in the review period from fire and natural forces insurance.

EIG Re is part of local financial and insurance group Eurohold Bulgaria [BUL:4EH].

(1 euro = 1.95583 levs)

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