City Insurance is financially stable; the claims paid in H1 doubled


Recently emerged from financial recovery procedure, City Insurance officials assure that the company is financially stable. According to a press release, during the entire recovery period, April 2016 to July 2017, Societatea de Asigurare – Reasiguare City Insurance has fulfilled ...

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81 pc of the RCA damage files were settled within the legal deadline. Allianz Tiriac, the best payer


During July-December 2016, the insurance companies approved 119,623 claims files for RCA motor insurance policies, Financial Supervisory Authority (ASF) data show. The analysis shows that the average duration for the settlement of RCA claim files approved for material damage in ...

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evoMAG enters the local insurance market


evoMAG extends its portfolio with a new category of products and services – insurance, planning to sell 10,000 policies in one year, as a press release informs. For the begining, evoMAG offers RCA insurance policies to customers and, in the ...

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Romanian capital market, increasingly attractive for SMEs. Transilvania Broker de Asigurare to float on BVB

Transilvania Broker de Asigurare

Small companies choose now to list on the Bucharest Stock Exchange (BVB), shareholders choose this market for the sale of their shares. Following BVB’s Investors Forum last November, two private companies made presentations to individual investors aiming to become public ...

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Florin Niculescu joins Asirom VIG team as Head of Underwriting


Asirom Vienna Insurance Group (Asirom VIG), one of the leading insurance companies on the market, appoints Florin Niculescu as Head of Underwriting and Reinsurance Division, who will coordinate a team of 23 people, a press release informs. Florin Niculescu brings ...

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National Bank of Greece sells Garanta insurer in Romania to Exin


Netherlands-based Exin Financial Services has agreed to acquire 75 percent stake in Greek insurer Ethniki Hellenic General Insurance (Ethniki Insurance), the majority shareholder of the insurer Garanta in Romania, from the National Bank of Greece (NBG) for EUR 718 million. ...

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Anna Grzelonska, new CEO of NN Asigurari de Viata

Anna Grzelonska

As of July 1, Polish Anna Grzelonska will be the new CEO of NN Asigurari de Viata, a press release informs. She is replacing Marius Popescu who was appointed Chief Executive Officer (CEO) of NN Group’s Turkish operations this April. ...

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