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Three new members join the Board of Directors of Euroins Insurance Group

The EBRD will also have its representative as a minority shareholder

Three new members will join the Board of Directors of Euroins Insurance Group (EIG), part of the Eurohold group. They are Todor Danailov, Kremena Pateva and Prasun Singhal.

The decision on the new members has already been submitted to the Financial Supervisory Commission (FSC) for approval, after which it will be voted on by the shareholders and registered in the Bulgarian Trade Register.

Following registration, the Board of Directors will consist of six members in total. The new members will join Assen Christov, Kiril Boshov and Jeroen van Leeuwen who are currently on the board.

Prasun Singhal is the representative of the European Bank for Reconstruction and Development (EBRD), which acquired a minority stake of around 10% in EIG in October 2021. He is currently an Associate Director in the EBRD’s Private Equity team at the bank’s London headquarters. Prasun Singhal has over 15 years of experience in the insurance sector. He was previously vice president of Barclays Investment Bank and Citigroup’s investment banking division. Prasun Singhal holds an MBA from New York University, Stern School of Business in the US and a Bachelor’s degree in Electrical Engineering from the Indian Institute of Technology, Delhi.

Todor Danailov is the head of reinsurance at EIG and has been working for the group for over 20 years. He went through all levels of the company’s reinsurance activity and was also a member of the Supervisory Board of Euroins Bulgaria. Todor Danailov was a member of the Board of Directors of the National Bureau of Motor Vehicle Insurers of Bulgaria. He has a master’s degree in insurance and actuarial sciences from the Academy of Economics “DA Tsenov” – Svishtov.

Kremena Pateva is a senior manager in the EIG structure and has been working within the company for almost 13 years.She is currently the Chief Risk Officer of the insurance holding company. Prior to her current position, Kremena Pateva was Head of Actuary of Euroins Life and Head of Actuarial Reporting of Euroins – Health Insurance. She has a degree in mathematics and a master’s degree in business administration and management at the Technical University – Sofia.

“By expanding the Board of Directors, we will create an even better vision of the strategic and operational decision-making process within the group. We are happy to welcome Mr. Singhal as a representative of the EBRD. With his help, we will be able to realize our development and growth strategy more effectively and further improve the group’s corporate governance”, commented Kiril Boshov, CEO of EIG.

https://www.eig.bg/en/news/view/three-new-members-join-euroins-insurance-group-s-board

Euroins Insurance Group AD

Euroins Insurance Group AD (EIG) is one of the largest insurance groups operating in Central, Eastern and South-Eastern Europe (CESEE). EIG offers a full range of insurance products, serves more than 4 million customers in 13 countries and has more than 3,000 employees. It is part of Eurohold Bulgaria AD, a leading energy and financial group operating in the CESEE region. It is listed on the Bulgarian and Warsaw stock exchanges. In 2021, Eurohold acquired, through its Eastern European Electric Company, the Bulgarian subsidiaries of the Czech energy company CEZ Group, which now operate under the Electrohold brand.

www.eig.bg;www.eurohold.bg;www.electrohold.bg