Changes on the Croatian Insurance Scene

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Croatia Osiguranje, the largest and oldest insurance company in Croatia, concluded a deal with the French BNP Paribas Cardif Insurance to take over 100 % of its local unit, thus becoming the sole owner of BNP Paribas Cardif Insurance in Croatia. The signing took place on 24 May 2017 whereas the transaction is subject to final approval by the Croatian Financial Services Supervisory Agency (HANFA).


BNP Paribas Cardif Insurance was advised by combined teams of the international law firm Gide Loyrette Nouel and the Croatian law firm Divjak, Topić & Bahtijarević, led by senior partner Saša Divjak and senior associate Ema Menđušić Škugor.