Swiss investor to take over City Insurance

City Insurance

President of the Financial Supervisory Authority (ASF), Misu Negritoiu, met recently Max Roessler, Swiss private investor, on the occasion of his visit to Romania, to complete negotiations for taking over the Insurance-Reinsurance Company City Insurance. The meeting was also attended ...

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Only 55 pc of MTPL claim files are paid within the 10 day- statutory period

MTPL claim files

54.70 percent of the MTPL claim files in the first half of 2016, namely 45,643, were paid within the 10 day- term, the legal deadline, the Financial Supervisory Authority (ASF) analysis reads, quoted by a press release. Thus, during January ...

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Euroins exits the financial recovery procedure


The Financial Supervisory Authority (ASF)’s Board decided to close the plan-based financial recovery procedure of the Euroins Romania Asigurare-Reasigurare S.A., as a result of restoring the financial situation of the company, a press release informs. Following the analysis of the ...

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Irish Euro Insurance DAC to enter Romanian MTPL market

Euro Insurance DAC

The Financial Supervisory Authority (ASF) gave green light to a notification from the Central Bank of Ireland about the application submitted by Euro Insurance DAC, subsidiary of Irish LeasePlan Group, to sell MTPL (RCA) insurances on Romanian market. Thus, there ...

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ASF: MTPL market in Romania, up by 30 pc in 2016


The motor third party liability (RCA) insurance market continued to increase in the fourth quarter of 2016, continuing the upward trend of the past five years. Thus, the total volume of gross premiums written (GPW) in the MTPL segment reached ...

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The number of compulsory insured houses reached 1.69 million in January

insured houses

The number of active policy of mandatory home insurance (PAD) grew by 6.13 percent, reaching to 1.691 million on  January 31, 2017, compared with 1.593 million PAD policies year-on-year, the Insurance Pool against Natural Disasters (PAID) data show, the institution ...

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A Romanian to run NN Group’s activities in Turkey

marius popescu

As of April 1, Romanian-born Marius Popescu will be appointed Chief Executive Officer (CEO) of NN Group’s Turkish operations, replacing Frank Eijsink, a press release informs. Marius Popescu joins NN Hayat ve Emeklilik Turkey after spending 12 years with NN ...

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