Croatia domiciled insurance company, Croatia Osiguranje, has announced that it received approval to complete the takeover of local reinsurance entity Croatia Lloyd.
The reinsurer has been operating in the region for more than 45 years and, following approval from HANFA, the region’s financial services supervisory agency, Croatia Osiguranje can now complete its proposed transaction, and absorb the local reinsurance firm.
Croatia Osiguranje made the announcement through a filing with the Zagreb Stock Exchange.
