April 4 (SeeNews) - Insurer Croatia Osiguranje said on Tuesday it has completed the absorption of local reinsurer Croatia Lloyd, with the aim of advancing its business operations.
The transaction has been registered with the Zagreb-based commercial court, Croatia Osiguranje said in a Zagreb bourse filing.
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The absorption will see Croatia Osiguranje expand into reinsurance and boost the business results of its affiliates in Macedonia, Bosnia and Herzegovina, Serbia and Slovenia.
Croatia Lloyd had been operating as a professional reinsurance company in Croatia for more than 45 years.