The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has granted consent for Bozashy Munai LLP to acquire the status of a major shareholder in JSC TransOil Insurance Company and for Murat Safin to acquire the status of a major (indirect) shareholder. Major and major (indirect) shareholder status entails an obligation to take measures to improve an insurer’s financial condition if it deteriorates, including increasing the shareholder’s own capital in a sufficient amount to ensure financial stability. TransOil Insurance Company operates in the general insurance segment and ranks 15th out of 15 insurers by assets, representing 0.5% of the segment’s total assets.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-06-03
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approves Bozashy Munai and Murat Safin as major and indirect major shareholders of TransOil Insurance Company
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Bozashy Munai LLP and Murat Safin as major shareholders in JSC TransOil Insurance Company. This status requires them to enhance the insurer's financial condition if needed, including capital increases. TransOil ranks last among 15 insurers in the general insurance segment, holding 0.5% of total assets.