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Company Information |
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Full name Lovcen Insurance Sh.C. Podgorica Headquarters 13A Slobode Str.; Podgorica; Podgorica; 81000 Branch Office 27 Jovana Tomaševića Str.; Bar; Bar; 85000 |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational ISIN CODE : MELOVORA1PG8 MJ-MB: 02018560 Financial Auditors: KPMG (2011) Incorporation Date: April 5, 1978 Total Employees: 272 Tel: (+382 20) 404 404, 404 410, (+382 30) 317 319 |
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Company Description |
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Lovcen Osiguranje AD was established in 1978 as the first general insurer in Montenegro. It initially operated under the name Lovcen Titograd but was renamed to Lovcen Osiguranje AD in 1997. In August 2000, Slovenia's largest insurance company Zavarovalnica Triglav acquired a 27.43% in Lovcen Osiguranje through a DEM 5.0 million capital hike. After another capital increase in 2003, the Slovenian insurer upped its stake to 30% and later further expanded its stake by purchases on the bourse. |
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