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INSURANCE

CertAsig achieves 12 pc growth in first 9 mo of 2017

CertAsig

CertAsig, a Romanian specialized insurance company focused exclusively on corporate insurance, recorded a EUR 11 million in total gross underwritten premiums during the first three quarters of the current year, a 12 percent growth versus the same period of last ...

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Credit insurer Atradius enters Romanian market

Atradius

Netherlands-based Atradius, the second largest provider of credit insurance in the world, is expanding its international presence with new location in Romania, a press release informs. Atradius will operate locally with a sales and account management team that has experience ...

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Fitch rates Euroins Romania at IFS ‘BB-‘

Euroins_

Euroins Romania Insurance-Reinsurance has been assigned by Fitch Ratings an Insurer Financial Strength (IFS) rating of “BB-“, with a stable outlook, according to an official announcement from the rating agency, a press release informs. “This rating is a positive sign ...

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Romanian insurance market is a stable one. ASF reported a first. See what it is about…

romanian-insurance-market

The insurance market in Romania is a stable one, characterized by the improvement of the prudential and liquidity indicators, according to the analysis carried out by the Financial Supervisory Authority (ASF) following the reports sent by the insurance companies, a press ...

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City Insurance appoints new Board of Directors

City Insurance

City Insurance, Romania’s RCA market leader, has announced the appointment of a new Board of Directors. According to a press release, the nominees are: Epameinondas Papanikolaou – President, Renato Szilagyi – Vice-president and Bodo Herold, Member. The nominees are awaiting ...

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Omniasig, Generali and Aon Romania, investigated by the Competition Council on aviation insurance

competition council

The Competition Council (CC) has launched an investigation into the aviation insurance market and has carried out unannounced inspections both at the two major insurance companies on the local market and at the broker Aon Romania, the institution informs. The ...

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Romanian insurance market, up by 8 pc in H1, to RON 5.04 bn

Romanian insurance market

The insurance companies licensed and regulated by the Financial Supervisory Authority (ASF) registered, during the first semester of 2017, a total gross premiums written (GPW) totalling RON 5.04 billion, up by 8 percent as compared with the same period of ...

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ASF: The number of petitions on the insurance market was halved in H1. What have the petitioners complained about?

asf

Overall, the Financial Supervisory Authority (ASF) received in the first half of 2017, 4,698 petitions, decreasing by 48.54 percent compared to the first half of 2016, a press release informs. Out of this total, 84.95 percent are petitions related to ...

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Carmina Dragomir joins Metropolitan Life as the new CEO for Romania

metropolitan life

As of October 1, Carmina Dragomir is the new CEO of Metropolitan Life Romania, a press release informs. She is replacing Emilia Bunea who has been CEO of the local operations since 2014. Carmina Dragomir joins Metropolitan Life in Romania ...

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