February 09, 2007
«Universalna» is one of the most recognizable insurers of Ukraine
On February 8, the research of GFK company as to awareness of Ukrainian insurance brands was published in «15 hvylyn» newspaper. The research showed the most recognizable insurers of the country. «Universalna» is in the top-10, having taken the 7th position.
According to Orest Vachkov, Head of PR Department of «Universalna», such results of brand recognizability in 2006 were achieved actually without any long-term advertising campaign. The results of research testify first of all for correct chosen marketing means, media, and PR tools.
According to the research, by the end of 2006 the number of city citizens using insurance services constituted 16 per cent from the total population of Ukrainian cities.
February 07, 2007
«Universalna» signed the contract with top-rated reinsurer
OJSC «Insurance Company «Universalna» and Munich Re reinsurer (Standard & Poors: Ŕ+; A.M.Best Ŕ+ ) have signed Property excess of loss treaty for the period of 1 (one) year.
The limit of the contract amounts to USD 5,000,000.00 on one risk, the priority of «Universalna» constitutes USD 100,000.00 on one risk.
The contract automatically covers:
- Property insurance for legal entities and persons from fire and allied risks.
- Business irruption insurance.
- Machinery and equipment breakdown insurance.
- CAR, EAR, including corresponding TPL insurance.
- Facultative reinsurance.
January 19, 2007
The largest pay-offs of «Universalna»
OJSC «Insurance Company «Universalna» has executed the largest pay-off in 2006. Its volume constitutes UAH 788,880. Funds were transferred to the account of reinsurer as a partial payment of reinsurer on property insurance.
In July 2006 «Universalna» has transferred UAH 459,108 as a partial payment of reinsurer on Motor hull. In general, Motor hull is the leading type among the largest pay-offs of «Universalna», while the most often reason of damages are car accidents. In July 2006 the Company has paid UAH 244,425 on this type of insurance.
Among the largest pay-offs of OJSC «Insurance Company «Universalna» are also indemnity according to the contract of aircraft compulsory insurance to the amount of UAH 545,490.00, according to the contract of voluntary insurance of surface carriers liability (CMR) was paid UAH 191,081 in December. The pay-off for covering financial risks constituted UAH 171,081 in March. According to the contacts on property insurance the amount of UAH 144,278 was paid in September.
January 11, 2007
«Universalna» has completed the allocation of bonds ahead of schedule
OJSC «Insurance Company «Universalna» has completely placed its bonds to the total amount of UAH 30 mln. CJSC «Alfa-Bank» is the underwriter. The allocation started on November 15, 2006, its completion has been planned on October 16, 2007. The actual complete allocation of bonds was completed in December 2007.
Such fast allocation of bonds testifies to the high level of investors’ interest in company activity, its level credit quality and dynamic development. Insurance company «Universalna» is one of the first Ukrainian insurers raising funds in such way for its development.
December 28, 2006
Top-manager of «Universalna» is in the forefront of «Guard of Managers»
In the summarizing project of 2006, «Guard of Managers» represented by Ukrainian Rating Agency, Nataliya Bezbakh, Director General of «Insurance Company «Universalna», have entered the top 20 rating of the most successful managers in the sphere of insurance and took the 15th place.
The project points to 500 of the most successful managers in the economics of Ukraine in whole and in 43 spheres of Ukrainian economics separately.
Among the criteria of estimation are the ability to think strategically and to view the company development prospects, leadership characteristics, ability to establish corporate culture, personal characteristics, etc. Such criteria were determined by the business colleagues according to 10-point scale.
December 22, 2006
«Universalna» held the shareholders’ meeting and increased the authorized fund up to UAH100 000 000!
The shareholders’ meeting of OJSC Insurance company «Universalna» took place on December 19. According to the agenda, the decision to increase the authorized fund to the amount of UAH 40,000,000 was made during the meeting. Thus, the amount of the authorized fund after the emission registration shall amount to UAH 100,000,000. The increase of the authorized fund will occur due to the additional investments of shareholders.
Except for the amount of the authorized fund, shareholders of the company came to the decision to alter the personal staff of supervisory authority (Company Board):
- O. Pavlenko – Head of Company Board, Vice–president of Universal Investment Group, legal expert;
- V. Antonov – member of Company Board, President of Universal Investment Group, economist;
- N. Antonova – member of Company Board, Vice-president of Universal Investment Group, psychologist;
- P. Sheremeta – member of Company Board, dean of Kiev-Mohyla Business School, economist;
- V. Danylyak – member of Company Board (secretary), Executive Director of Universal Investment Group, economist-mathematician.
December 22, 2006
«Universalna» has got new employees
On December 19, JSC «Universalna» Company Board approved the personal staff of the executive authority of the company – the Board of Directors. As a result, today company management consists of the following employees:
- Nataliya Bezbakh – Head of the Board of Directors, Director General;
- Oleksander Kulenich – Head of the Board of Directors, Operating Activities Director;
- Andriy Bashlyk – member of the Company Board of Directors, Financial Director;
- Olena Velyka - member of the Company Board of Directors, Director for Strategic Planning and Investment Policy;
- Yaroslava Prokopyuk - member of the Company Board of Directors, Director General of OJSC Life Insurance Company «Universalna»;
- Nataliya Yakibchuk - member of the Company Board of Directors, Director for Administrative and Legal Work (corporate secretary).
So, the two new workers – Andriy Bashlyk and Olexandr Kulenich - joined the administrative staff of the company.
Andriy Bashlyk has got a more than 1.5 years experience on the position of Financial Director of «Nikol Motors» Automobile Holding (Ukraine), prior to this – «Uzdaewoo» (Russia). He has a work experience in the field of oil and gas, pharmaceutics and advisory activity. In addition to master’s degree in economics Andriy is the listener of Executive MBA program, one of the leading business schools of Ukraine – KMBS.
Earlier Oleksandr Kulenich held a position of the first Deputy Head of the Board of Directors of «Utico» («Ukrainian transport insurance company») within 12 years. Oleksandr has got two higher educations and master’s degree in economics.
November 15, 2006
«Universalna» has organized «insurance boom»
A monthly all – Ukrainian PR project «Insurance market of Ukraine. 15 years of experience» took place under the aegis of «Universalna». On the basis of this event the creation of regional associations of insurers was founded in several regions of Ukraine to lobby interests before state structures, entrepreneurs and the market of services for natural persons. It is expected that the present project will not only start the growth of regional insurance market but will also promote the authority of insurance as a whole.
As a result, hundreds of publications in printed MASS-MEDIA, more than 600 subjects, programs, information messages on the radio and TV, active distribution of information messages in Internet publications have seen the world.
As of the 15th of November 2006, the project «Insurance market of Ukraine. 15 years of experience» has taken place in most regional centres of Ukraine and in several districts as well. The representatives of insurance companies and banks, local entrepreneurs and representatives of mass media were involved in the round tables.
The contents of publications are detailed explanations concerning nuances of legislation, blanket tariffs, medical insurance, insurance of the owners of transport facilities, actual items of development of insurance business, which were given by qualified specialists of «Universalna» and managers of more than twenty other insurance companies.
November 14, 2006
OJSC «Universalna» has placed bonds
On the 14th of November 2006, OJSC «Insurance Company «Universalna» commenced the placing of bonds. The company became one of the first insurers – emitters of debt securities.
The board of the OJSC «Insurance Company «Universalna» took a decision to issue bonds of the OJSC «Insurance Company «Universalna» (minutes No 3/2006 as of September 18, 2006). According to the decision, registered interest-bearing bonds that freely turn over during the turnover period are to be issued. Bonds are common. There is no possibility to convert bonds in shares.
Main parameters of issue
General volume of issue |
30,000,000 (thirty millions) UAH |
Nominal cost of bonds |
1,000 (one thousand) UAH |
Kind of issue |
Paperless |
Size of bond yield |
For 1-4 interest periods – 16% of annual interests in UAH |
Terms of sale of bonds |
The beginning of placing bonds – 14th of November 2006; the end of placing bonds – 16th of October 2007 |
Duration of interest periods |
91 days |
Dates of pay-off of interest yield |
- 30th of January 2007, 1st of May 2007, 31st of July 2007, 30th of October 2007
- 29th of January 2008, 29th of April 2008, 29th of July 2008, 28th of October 2008
- 27th of January 2009, 28th of April 2009, 28th of July 2009, 12th of October 2009
|
Dates of bond repurchase |
- 30th of October 2007
- 28th of October 2008
|
Dates of redemption of bonds |
27th of October 2009
The issuer has a right to redeem bonds in case he buys out all the volume of issue before the appointed time. |
The cost of bonds at the primary placing is determined by Emitter taking into consideration the demand and market conditions of placing, but can be no less than the nominal cost of bonds. The placing of bonds is carried out on the basis of bonds purchase and sale contracts, made by the Closed Joint-Stock Company «Alpha-Bank» with buyers of securities. If the Closed Joint-Stock Company «Alpha-Bank» is the buyer of bonds, than the purchase and sale contract is concluded between the Joint-Stock Company «Alpha-Bank» and the Emitter.
October 27, 2006
The highest quality of work of OJSC «Insurance Company «Universalna» is once again approved
On October 23-26, OJSC «Insurance Company «Universalna» has passed a compliance audit which approved the quality management system of the Company and its Vynnytsya, Lviv, Ternopil, Ivano-Frankivsk, Rivne, Kyiv, and Chernivtsi branches comply with requirements of ISO 9001:2000 International Standard. The Certificate of Compliance has been also delivered to three more regional branches: Volyn and Zhytomyr branches, and Zakarpattya Regional Directorate.
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