Croatia’s largest insurance company, Croatia Osiguranje, announced last week that they have acquired 100% of Cardif Insurance Croatia from BNP Paribas Cardif. The contract, signed this week, will become valid after Croatia’s Financial Services Supervision Agency approves it.

BNP Paribas Cardif has been present on Croatian market since 2007. At the end of April this year, it held 0.10% of the overall Croatian insurance market, with gross premium of 3.2 million Kuna, al of it pertaining to non-life insurance segment.

Croatia Osiguranje saw the end of April with gross premium of 1.03 billion Kuna, and 30.9% of the overall market.