City Insurance

CITR has concluded the first stage in managing the bankruptcy of City Insurance. Over the approximately 2 months since its designation as liquidator in the City Insurance file, CITR has studied over 500,000 documents, engaging over 100…

The insurance-reinsurance company City Insurance has issued during 2019 insurance policies in the amount of EUR 410 million, an increase of 28% compared to the year 2018, according to the company's preliminary results for 2019. At the…

Three insurance companies - Euroins, City Insurance and Asirom - accounted for 57 percent of the total number of petitions received by the Financial Supervisory Authority (ASF) last year, being the insurance companies with the most…

The domestic compulsory motor insurance policies (RCA) market is becoming more and more attractive for important players. ”We will probably have, by mid-year, yet another big player to enter the Romanian market. It is a player coming…

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,…

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…

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…

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…

After more than a year, City Insurance exits financial recovery procedure, the insurer management will apply a set of measures for 6 months, Financial Supervisory Authority (ASF) announced in a press release. Authority has instructed the…

City Insurance has responded Thursday to the Financial Supervisory Authority (ASF) decisions on applying the dispositions of Law no. 246/2015 on the redressing and resolution of company’s insurers. City Insurance accuses ASF management…