OREANDA-NEWS.  On 31 January chair of the Oranta supervisory board Oleh Spilka announced, that owners of the Oranta insurance company had decided to found Oranta insurance holding.

In his words, the company is now getting registered with state bodies; it will manage assets of all the holding's arms. The holding will include the Harant-Assistance company (which services the insurer's clients), the Oranta concern, the Oranta Life insurance company, the Oranta insurance company and Oranta-Health, which will specialize in medical insurance.
As to Spilka, the stockholders are implementing their strategy of merging the companies into a single group.

"It is too important that this insurance group is [efficiently] developing," noted Spilka.
One of the holding's key tasks is incrementing value of its divisions and in future holding its IPO (Initial Public Offering).

Besides, the shareholders have ideas of establishing companies that will work in the finance sector and enter the holding (for instance, non-governmental pension coverage).
An independent board of directors will run the insurance holding, one of its functions will be protecting rights of the holding companies' minor shareholders.

Oleh Spilka is appointed as president of the holding.

As Ukrainian News reported, earlier owners of the Oranta insurance company announced their intention to found the Oranta insurance holding.

The main shareholders of the Oranta insurance company are presently Colorino Trading Ltd. (Cyprus) with 20.22% of its shares, Saleta Ltd. (Cyprus) with 24.99%, TuranAlem Securities (Kazakhstan) with 14.44%, and the TuranAlem bank with 25% + 1 share.
Moreover, about 20 foreign and domestic investors own 11.35% of the shares in the insurance company.

The company paid out insurance claims totaling UAH 192.8 million in 2007.