INGO International Insurance Group (Russia) has sold all of its insurance assets in Ukraine, Ingosstrakh CEO Mikhail Volkov has told Interfax.

He said that INGO Ukraine risk company and INGO Ukraine Life insurance company have been sold.

He stressed that the deal was prepared in advance but did not disclose the buyer of the Ukrainian companies and the sum of the transaction.

INGO International Insurance Group was created in 2004.

As reported, CJSC Invest-Polis (Moscow, Russia) sold 99.9993% of INGO Ukraine.

The transaction was made through a sale and purchase contract. INGO Ukraine was notified on July 6. Information about the buyer has not been released

INGO Ukraine, part of INGO International Insurance Group, has been operating since 1994. It has 28 licenses for various types of compulsory and voluntary insurance. It consists of 25 branches.

INGO Ukraine Life received its life insurance license in November 2007.