Liquidation of MetLife Serbia insurance comes to an end

Liquidation of MetLife insurance Serbia comes to an end

On 1 February 2016 the liquidation of insurance company MetLife Serbia has been finalized. The liquidation was the final step in MetLife’s withdrawal from the Serbian market. MetLife’s withdrawal phase from the Serbian market started two years ago by execution of the Portfolio Transfer Agreement with Wiener Städtische osiguranje a.d.o. Beograd.

The Portfolio Transfer Agreement was subject to approval by the regulator, National Bank of Serbia, and on basis of which MetLife has transferred majority of its portfolio in Serbia to WSO, comprising of Endowment and Pure Endowment policies. This was the very first portfolio transfer between two operating insurance companies in Serbia.

This portfolio transfer was followed by transfer of remaining MetLifе’s portfolio to Generali Srbija a.d. Beograd, consisting of Yearly Renewable Term (YRT) Life and Yearly Renewable Term Life with accelerated Permanent Total Disability (YRT-PTD) insurances, after which MetLife has transferred whole of its portfolio in Serbia. Metlife’s final exit step involved obtaining the regulator’s consent for voluntary liquidation, which was the very first voluntary liquidation of an insurance company in Serbia.

JPM Senior Partner Jelena Gazivoda and Partners Aleksandar Hadzic and Nikola Đorđević have advised MetLife in all phases of its departure from Serbia, sealing the position of JPM as a forefront law office confidently assisting clients by introducing new legal practices and implementing novel legal mechanisms.

Scroll to Top

Privacy Policy

Law firm Janković, Popović & Mitić Beograd takes care of your privacy. As a controller and in accordance with the Law on Personal Data Protection and other applicable personal data protection regulations, we are obliged to provide you with information related to processing of your personal data.

We use cookies to help improve your experience of our website by measuring how it’s used.

Read our Privacy & Cookie policy for more information.

This Privacy Notice describes which personal data we collect from you and in which manner, how we use and share your personal data. It contains information on purposes and legal grounds for processing, on the time period in which we store your personal data, the manner we protect this data as well as on your rights.