1993 - 1997	This is the time of initial market reforms, privatization, financial and stock market formation in Ukraine. The Government approves the first document aimed at formation of the insurance services market - "Decree of the Cabinet of Ministers of Ukraine "On Insurance", the Air Code of Ukraine were drafted. The system of state supervision over insurance activity in Ukraine was created, the state register of insurers was developed, and licensing of insurance activity was initiated. 17th February 1993 was the official date of BUSIN JSIC registration (the name of the company "BUSIN" was made of the names of two of the organization's founders: the first private "Busol" Airlines Company and "Sinko" Insurance Company). BUSIN JSIC received a license for insurance activity. The authorized capital of the company was equal to 5 000.00 US Dollars in National currency. The Pool of Air Insurers of Ukraine was founded, and our company initiated its foundation, standards for aviation insurance and reinsurance were written at this time. BUSIN JSIC established first contacts with international insurance market; the first optional Contract of air risks reinsurance was concluded with the broker of Bowring Aviation, Marsh & McLennan Group.
1998 -2000	The Cabinet of Ministers of Ukraine adopted the Regulation ¹ 1083 "On procedure and conditions for obligatory aviation insurance". Our company offered a suggestion and worked on improvement of normative insurance documents of Ukraine aimed at their maximum adaptation to international standards of aviation insurance. In 2000 BUSIN JSIC extended the Contract on obligatory re-insurance of air operator civil liability and the first Contract on re-insurance of hull aviation risks was concluded in the international market with Marsh Company, Aviation Division. At the beginning of 2000 the registered authorized capital of the company was equal to UAH 2 500 000.00 (approximately 500 000.00 Euro), the assets have increased and they were better protected from inflation processes expected in Ukraine.
2001-2003	The tragic events of September 11, 2001 shocked the world insurance market and resulted in lingering crises. The end of the year was a terrible ordeal for the young Ukrainian company but it withstood it with honour. BUSIN JSIC continued to work on improvement the level of insurance services, the portfolio of company risks became more varied, and our team took an active part in preparing legislative documents related to insurance activity regulation and it's unification with European standards. June 2002 the General Meeting of the Joint-Stock Company decided to increase the authorized capital up to UAH 5 625 000.00 (approximately ˆ 1 100 000.00). On 3rd February, 2003, upon decision of the IUAI Executive Committee (International Union of Aviation Insurers), BUSIN JSIC becomes the first and only representative of Ukraine in the international organization which is the principal coordinator of interests of air and space risks insurance market subjects.
2004	This year was characterised by world achievements of Ukrainians in different spheres of life - science, art, sports - and great political "shocks" in Ukraine. Dynamic development of BUSIN JSIC continued, the company employees did their best to extent the range of clients and to increase the number of insurance products - considerable development of motor transport insurance is seen, other types of insurance are also developing. BUSIN JSIC increases the authorised capital by UAH 4 500 000.00 and after that the authorized capital was equal to UAH 10 125 000.00 (approximately ˆ 1 540 000.00), and in such a way it fulfilled legal demands to the minimum amount of the paid authorised capital of the company. On 20th January, 2004 the General Meeting of the company decided to issue shares and the authorised capital was increased due to reinvestment of dividends.
2005	The company had concluded the obligatory Aircraft Third Party, Passenger, Passenger Baggage and Cargo Legal Liability Treaty in the international insurance market with the largest volume in the history of Ukraine, and the Aircraft Hull All Risks Reinsurance Treaty. Many world-famous insurance leaders and dozens of Lloyd's syndicates participated in our Contracts. Such contractual relations proved insurers' high level of world trust, real integration with the international insurance market and professionalism of our company. BUSIN JSIC was nominated as Laureate of the "Ukrainian Financial Olympus" National Program and was given an award in "Aviation Insurance" category.
2006	The Ukrainian authorities moved towards for European integration, our country approached entering the World Trade Organization (WTO), and began the process of adaptation of the national regulative regime to international standards. In 2006 the obligatory Re-insurance contracts were renewed for 2007, the company improved its work in different spheres; we won the tender for complex insurance of AEROSVIT Airlines company risks - leader of Ukrainian air services. The analysis of the company's financial statistics proved that BUSIN JSIC held the leading position in the Ukrainian insurance market and entered the year 2007 feeling inspired.