DDOR Novi Sad
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. DDOR Novi Sad (Serbian Cyrillic: ДДОР "Нови Сад" а.д. Нови Сад) is one of the largest insurance companies in Serbia, offering auto, home, commercial and life insurance. It has its headquarters in Novi Sad, the capital of Serbian province - Vojvodina. Companies has offices mainly in Vojvodina and Belgrade, but it operates in whole Serbia (except Kosovo).
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History
In 1945, a new government bodies founded National Insurance and Reinsurance Bureau after the Second World War. Two offices were founded in Novi Sad in 1950, Novi Sad I and Novi Sad II; and both offices started operating as branch offices of NIB. At the end of 1961, the National Insurance Bureau went into recess. 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. That companies merged in 1981 into one company. 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, whit 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.<ref>Company profile on Central securities depository and clearing house of Serbia.</ref>
On July 26, 2006 state office for privatization started the process to privatize state shares in the company.<ref>ddor.co.yu; news Template:En icon</ref>
External links
References
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Categories: Companies established in 1945 | Companies of Serbia | Insurance companies | Economy of Novi Sad
