Native name ДДОР Нови Сад Industry Finance and Insurance Services Insurance Founded 1945 Net income 420,000 EUR (2013) Total equity 36.18 million EUR (2013) | Type Public limited company Area served Serbia Headquarters Novi Sad, Serbia Revenue 75.5 million EUR (2013) Total assets 126.4 million EUR (2013) Parent organization UnipolSai | |
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Key people dr jur. Christian Otto Neu (General director) Profiles | ||
Ddor novi sad
DDOR Novi Sad (Serbian Cyrillic: ДДОР Нови Сад а.д.) is one of the largest insurance companies in Serbia, offering auto, home, commercial and life insurance. Its head office is located in Novi Sad.
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Tvc ddor novi sad poljoprivredno osiguranje
History
In 1945, the government founded the National Insurance and Reinsurance Bureau after the Second World War. By 1950 two offices were set up in Novi Sad. Both offices started operating as branch offices of NIB. By the end of 1961, the National Insurance Bureau was dissolved. The former NIB's branch offices became insurance bureaus but new insurance bureaus were also founded to cover the area of one or more municipalities. On the basis of provisions of the Law on Insurance Bureau and Communities of Insurance (terminology used during socialism), at the end of 1961, the municipality of Novi Sad made the decision with regard to establishing of the "Novi Sad" Insurance Bureau. Their activities were carried out on the territory of the municipality of Novi Sad and they were considered to be a legal successor to the former NIB, with their headquarters located in Novi Sad. Besides "Novi Sad" Insurance Bureau, that only re-registered its name, in 1968 another insurance firm was established in Novi Sad - "Vojvodina" Insurance Bureau. The two companies merged in 1981 into one. On June 25, 1990, DDOR Novi Sad became the first joint stock insurance company on the territory of the former SFR Yugoslavia.
Ownership
Company is a joint stock company, with 43.87% of shares are owned by state, while 53.76% is owned by various small-type companies and banks; and 2.38% by small shareholders.
On July 26, 2006 state office for privatization started the process to sell state shares in the company.
On November 26, 2007, it was announced that 100% of the state stake in DDOR was sold to Italian company Fondiaria-Sai (now part of UnipolSai) for €264 million.