“With the performance and results achieved in 2019 we have confirmed the positive trend in our development we have been following for the last three years and continued to expand sustainably our business in Central and Southeast Europe as well as in the CIS countries. We adhere to our growth strategy which is focused on turning Euroins Insurance Group into one of the leading independent insurance groups in the region. The companies we have acquired recently have already contributed positively to the growth of the holding. We also aim at increasing our operating profitability constantly,” said Kiril Boshov, chairman of Eurohold Bulgaria’s management board.
Eurohold posted revenues of more than EUR800 million for 2019, up 26% on the year.
In February, Romania’s financial regulator placed Euroins under the temporary administration of the Policyholders Guarantee Fund (FGA) until the appointment of a new Board of Directors, which is pending endorsement. It is expected to name a new board of directors on March 16.