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Euroins Romania acquires the non-life portfolio of ATE Insurance local subsidiary

ATE Insurance

Euroins Romania Insurance-Reinsurance SA, part of Bulgaria-based Euroins Insurance Group (EIG), has reached an agreement to acquire the non-life insurance portfolio of ATE Insurance Romania S.A., a subsidiary of Piraeus Bank, the leading banking institution in Greece. According to a ...

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Euroins Romania got RON 100 M for the last capital increase requested by ASF

euroins

The shareholders of Euroins Romania Insurance-Reinsurance SA, part of Bulgaria-based Euroins Insurance Group (EIG), have paid in cash RON 100 million on December 23rd, 2016, as part of the capital increase of the company, raising its share capital up to ...

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VIG’s gross written premiums in Romania, up by 30.3 pc at end-Q3

gross-written-premiums

Vienna Insurance Group (VIG) subsidiaries recorded good gross written premiums growth in many markets after the first nine months of the year, such as in Romania (+30.3 percent), up to EUR 391.8 million, a press release informs on Tuesday. Important ...

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Update: Government Decision capping the RCA tariffs comes into force on Friday

rca-tariffs

The new compulsory insurance policies (RCA) tariffs, adopted in early November by the Government, comes into force on Friday for a period of six months, they will be applied by the insurance companies underwriting compulsory motor insurances for damages caused ...

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Update: Insurers notify the European Commission on RCA capping. Transporters want a new law

camioane

The National Union of Insurance and Reinsurance Companies in Romania (UNSAR) considers that the capping of the compulsory insurance policies (RCA) tariffs violates the principle of free market competition, provided by the Constitution, but also a number of European regulations, ...

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ASSAI: Romania risks infringement due to high RCA level

masini

Romania risks at anytime infringement from the EU and large fines against the Romanian state, incurred by the citizens as taxes, due to the high level of the compulsory insurance policy (RCA), the Association of Independent Auto Services (ASSAI) informs ...

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