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Bulstrad is a part of a leading Austrian insurance company

Bulstrad is a part of a leading Austrian insurance company

On 8th May 2007 in the national press club of the Bulgarian News Agency (BTA) the management of Vienna Insurance Group, TBIH Financial Services Group and Bulstrad Plc officially announced the fact that the Bulgarian company joined the international financial group Wiener Staedtische Versiherung AG Vienna Insurance Group. The deal was finalized in the middle of April and Vienna Insurance Group became a majority shareholder, holding 58% of the share capital of Bulstrad and respectively 52% of Bulstrad Life.
The following top managers made presentations at the press conference:
• Karl Fink – Deputy General Manager of Vienna Insurance Group and Chairman of the Supervisory Boards of the insurance companies Bulstrad and Bulgarski Imoti;
• Nissim Zarfati – member of the Supervisory Board of TBIH;
• Rumen Yantchev – Chief Executive of Bulstrad;
• Svetla Nestorova – Executive Director of Bulstrad Life.

As a part of their strategy for more local brands Vienna Insurance Group operates in the Bulgarian market through the companies Bulgarski Imoti – non-life and  Bulgarski Imoti –life and through Bulstrad – non-life and Bulstrad – life.

The new Bulstrad logo was presented at the press conference. Vienna Insurance Group is like a large family (30 companies in 20 countries), in which each Group company bears its own brand as a given name and the Group brand Vienna Insurance Group as a family name. The new logo of Bulstrad suggests the idea of its belonging to the Group. The previous majority shareholder TBIH continues to be a shareholder in Bulstrad and is present in the new logo as well.

“We are positive about our future in Bulgaria”, said the Deputy General Manager of Vienna Insurance Group. Bulstrad is the best and internationally known Bulgarian insurance company  and I myself am privileged to have known this company for more than 30 years”, said Mr Karl Fink.

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