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Montenegro
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Lovcen Insurance

Main Activities: Insurance Carriers and Related Activities

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Company Information

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

Company Description

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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Key Executives

Radenko Purić Chief Executive Officer
Matjaz Rakovec Chairman of Board of Directors
Ales Kosicek Member of Board of Directors
Andrej Spalar Member of Board of Directors
Dragomir Ljubojevic Member of Board of Directors
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