The Bucharest Court accepted on Thursday the request of Romanian Financial Supervisory Authority (ASF) for the bankruptcy of the insurance company Astra Asigurari.
Astra can appeal the decision within seven days of publication in the Bulletin of insolvencies.
The ASF Board requested at the end of August this year for the bankruptcy of Astra Asigurari and decided to withdraw the company’s operating license, the company being under special administration.
ASF Board decided on September 8 the bankruptcy of Astra Asigurari, after the insurer failed to increase the capital by RON 425 million.
Policyholders Guarantee Fund (FGA) has completed the transfer of the claim files, of insurance contracts and of databases from Societatea de Asigurare-Reasigurare Astra SA, taking over on October 1, 2015, a total of 57,210 claim files, including the redemption files and 2,046,604 of insurance contracts in force.