OJSC Insurance Company «Universalna» has increased its statutory fund by adjoining «Karapty» Insurance Company.2005-11-21
State Committee in the issues of Securities and Fund Market has registered the increase of the Statutory Fund of OJSC Insurance Company «Universalna» for the amount equal to 3, 203, 340.00 mln. UAH. Therefore, general amount of the Statutory Fund makes 18, 603, 340.00 UAH, as informed by the Legal Board of the Company. The present Increase has occurred due to the merge of «Karpaty» CJSC JSIC. It has been the fifth registration of the issue of securities within the period of «Universalna» Insurance Company’s activity.
OJSC Insurance Company «Universalna» is a pioneer of the Ukrainian market in the sphere of company merge. For the first time, company specialists have developed and performed merge of Insurance companies, which resulted in the presence of the following brands within the company: «Karpaty», «Arta», «Salamandra-Desna», «Teren», and «Podillya» Insurance Center. Merge precedent has become an important event for the economic life of Ukraine. On its basis, taking into account the experience of OJSC Insurance Company «Universalna», the State Committee in the issues of financial services market control has developed recommendations for insurance Companies merge.