Банкеръ Weekly

Briefs

SIX COMPANIES PREPARED FOR THE LAUNCH OF GREEN CARD INSURANCE

All requirements for issuing of Green Card policies were initially satified by the insurance companies Bulstrad, Allianz-Bulgaria, Orel and the State Insurance Institute (DZI). On Thursday they were joined by BulIns and Jupiter. The other members of the National Green Card Bureau are Bulgarski Imoti (Bulgarian Real Estates), Hanover Coop, EuroIns, and Vitosha. As the BANKER weekly has already written, some of the companies, which had to offer the Green Card insurance as of April 1 have not yet deposited the requierd bank guarantee of EUR600,000. Others have not yet prepared their reinsurance contracts, which are obligatory for their operation. According to observers, they will be ready towards the end of April.

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