The capital stock of the Ugoria insurance company has increased 20%

26.09.2012 — News

UGRA.

The new general director of the Ugoria State Insurance Company is Aleksei Okhlopkov, the former president of the Khanty-Mansiysk private pension fund. This step was taken at the decision of Ugoria’s board of directors.

Ugoria’s press office told RusBusinessNews that within two years the company will be 100% owned by the Khanty-Mansiysk Autonomous District. The company was not included in the list of assets to be privatized in 2012.

The district government also made the decision to increase the company’s assets by 1 billion 387 million rubles. In addition, its capital stock will increase from 1 billion 833.3 million rubles to two billion 228.3 million rubles, after making a private offering of 395 thousand additional shares. The nominal value of each security will amount to 1,000 rubles.

These measures will allow the Ugoria State Insurance Company to meet the requirements of the Russian Ministry of Finance and the Russian Federal Financial Markets Service regarding the insurance company’s solvency margin.