Achmea and Euroins agree on transfer of Interamerican Bulgaria

Achmea and Euroins agree on transfer of Interamerican Bulgaria

Press release
Achmea and Euroins agree on transfer of Interamerican
Bulgaria
Zeist/Sofia, 21 August 2013 - Achmea and Euroins Insurance Group signed a transaction
agreement concerning Achmea’s Bulgarian insurance companies Interamerican Non Life
and Interamerican Life. The agreement refers to the transfer of the Bulgarian insurance
activities of Achmea. Finalisation of the transaction is subject to approval by the
regulatory authorities and is expected to take place in the second half of 2013.
Willem van Duin, Chairman of the Executive Board of Achmea: “This transaction is an
outcome of our focused developments and future strategy for Achmea’s international
business. We intend to invest in companies that have considerable scale and fit with our
core competences non-life and health insurance, distributed through the direct channel or
through bancassurance. We are confident that with the support of the Euroins Insurance
Group, Interamerican can grow further within the expanding Bulgarian insurance market
through brokers and continue to support its clients and other stakeholders.”
Euroins Chief Executive Officer Mr. Kiril Boshov comments: “We are very pleased to have
reached agreement with Achmea on the transfer of Interamerican Bulgaria. With this
transaction, Euroins Insurance Group will have a complete range of insurance licences – nonlife, life and health. The company will be able to offer its current and future clients a full
range of combined insurance products. We are proud to see the group grow further through
this merger.”
In order to facilitate a stable transition and support the development of the company,
Interamerican’s Chief Executive Officer Dominique Bauduin has agreed to stay with the
company and its new parent group.
More information:
Media Achmea:
Bert Rensen
+31 6 51635728
[email protected]
Media Euroins
Rayna Yaneva
+359 2 9651500
[email protected]
Achmea is an unlisted insurance group with cooperative roots which balances the interests of clients, partners, employees and
shareholders. As well as in the Netherlands, its home market, Achmea is also active in five other European countries (Turkey, Russia,
Greece, Slovakia, Ireland) and employs around 22,000 staff. Achmea is the parent company for strong brands such as Centraal Beheer
Achmea, Interpolis, Avéro Achmea, Zilveren Kruis Achmea, FBTO and Agis. Together they form the largest insurance group in the
Netherlands in terms of premium volume. Achmea’s head office is in Zeist. www.achmea.com
Euroins Insurance Group is one of the largest independent groups operating at the CEE insurance markets. The company has appr. 7%
market share in Bulgaria, Romania and Macedonia and employs 1,100 people. Euroins is a subsidiary of Eurohold Bulgaria – leading
Bulgarian company with operations across the Balkans focused on non-banking financial services and asset management. Euroins’ head
office is in Sofia. www.euroins.bg