OREANDA-NEWS. November 20, 2007. Allianz Insurance Company has founded its new branch in Cherkasy. Tetiana Protsenko was appointed Director of the Company's new subsidiary.

According to company's press release, Cherkasy branch is part of Allianz Ins. Co. Kyiv Directorate, whose principal object is the Company's business development in the Central part of Ukraine (Кyiv region, Vinnytsya, Zhytomyr, Cherkasy, Chernihiv). Beside the Cherkasy branch, it comprises the Company's already existent branches with offices in Vinnytsya, Cherkasy, and Bila Tserkva.

Foundation of the new branch became another step to attaining leadership and expanding Allianz Ins.Co. presence in the insurance market of Ukraine. The Company governs its business all over the country due to its Directorates (regional structures supervising operation of Allianz affiliates). At present, besides the Kyiv Directorate, there exist and operate: the Central Directorate in Dnipropetrovsk comprising Zaporizhya and Kirovograd representative offices; the Western Directorate in Lviv, whose subordinate are representative offices in Ivano-Frankivsk, Uzhgorod, Ternopil, Rivne, Khmelnytskiy, Chernivtsi, Lutsk; the Southern Directorate in Odesa comprising Mykolaiv branch, representative offices in Illichivsk and Kherson, аs well as the Eastern Directorate in Donetsk supervising the Company's Kharkiv branch, and a representative office in Mariupol.

By the end of 2007, Allianz is planning to provide its presence in every region of Ukraine.