Банкеръ Weekly

Briefs

INTERAMERICAN FEELS COMFORTABLE IN BULGARIA

Interamerican-Bulgaria's premium income for 2000 amounts to BGL1.108M, announced Mihail Zhelyazkov, executive director of the company, to the Banker weekly.
Last year the company opened representative offices in the towns of Bourgas and Plovdiv. Its managers ambitions are the insurer to open new ones in Blagoevgrad, Varna and Rousse in 2001. The number of agents working for Interamerican has grown last year too, said experts from the head-office. There were about 100 agents of the Greek insurance company in 1999 and nearly 290 in the end of 2000.
Interamerican offers eight of the allowed 18 major types of insurances on the Bulgarian insurance market. The company is not going to increase the number of its products but to improve the present ones, its managers said.
The products, sold by Interamerican, are guaranteed by reinsurance agreements with some of the biggest companies in this branch - Viktoria Re, New Re, Gerling Global Re, etc.
The managers of the Bulgarian insurance company told the Banker weekly that there are many Greek companies or their representatives among their customers. As soon as Nova Television was acquired by a Greek businessman, the media joined the group of clients of Interamerican.
Interamerican managers expect the premium income of the company to grow at least twice in 2001. The Greek owners of the Bulgarian company intend to also register their own travel aid company in the country. As a result of its establishment some new interesting packages of services in the field of car insurance may be offered on the market.

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