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Generali Bulgaria gets regulator's nod to merge units

Author Dena Popova
Generali Bulgaria gets regulator's nod to merge units

SOFIA (Bulgaria), July 25 (SeeNews) - Bulgaria’s Financial Supervision Commission (FSC) cleared the merger of the two units of Generali Bulgaria Holding (GBH), Generali Zakrila Health Insurance and Generali Insurance at the regular meeting of the regulator on Thursday.

Following the transformation Generali Insurance will take over the entire portfolio of contracts of Generali Zakrila Health Insurance, GBH said in a press release after announcing the merger plan in December 2012.

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GBH is a member of Generali PPF Holding B.V. which operates in 14 central and eastern European countries.

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