: :inin Kyiv (EET)

Bulgaria’s Euroins Buys ERV Ukraine

The Bulgarian Euroins Insurance Group (EIG), one of the largest independent insurance groups in emerging Europe, announced on April 17 that it has bought ERV Ukraine, the travel insurance business of Germany-based ERGO, part of Munich-Re. With purchase agreements signed, the deal is expected to be finalised once regulatory approval has been granted. EIG did not disclose how much it would pay for ERV Ukraine.
“The acquisition of ERGO’s travel insurance business in Ukraine is in line with our strategy to expand and diversify our portfolio in Eastern Europe and strengthens our position as a leading insurance group in the region,” …read more

Source: Emerging Europe

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