financial supervisory authority

ERGO Insurance group has acquired Credit Europe Asigurari (CEA), the transaction was completed after receiving the final approval from the Financial Supervisory Authority (ASF) on July 19, 2016, but the parties agreed that the purchase…

The Financial Supervisory Authority (ASF) board has approved the acquisition of Credit Europe Asigurări-Reasigurări by the German ERGO Group, a press release informs. The takeover of Credit Europe Asigurări-Reasigurări is the first step…

The National Anticorruption Directorate (DNA) has seized EUR 300,000 in accounts of the former Financial Supervisory Authority (ASF) Vice-president George Daniel Tudor, judicial sources said on Monday. Former Vice President of ASF, George…

The Financial Supervisory Authority (ASF) control teams have found a series of irregularities on how the insurers calculate the mandatory liability insurance (RCA) rates and rules that the insurers must remedy the deficiencies within 30…

George Daniel Tudor, former Vice President of the Financial Supervisory Authority (ASF) was heard on Thursday morning by the National Anticorruption Directorate (DNA), in a file regarding suspicions of bribe taking. Prosecutors decided to…

Insurance policies might become even more expensive, as the Financial Supervisory Authority (ASF) has set on Monday new obligations for the insurers related to the resolution fund, digi24.ro reports. Thus, besides the obligations related…

The Financial Supervisory Authority (ASF) has validated the new Board of Directors of the Bucharest Stock Exchange (BVB) and has authorized the amendment of the operating license, following the modification of the Board of Directors,…

The Financial Supervisory Authority (ASF) has approved the amendment of the auto liability insurance (RCA), so insurers will be required to correlate the developments in RCA premiums with the losses level for every segment of the insured,…

Five insurers - Forte, ABC, Asito Kapital, Certasig and Lig Insurance - do not meet minimum solvency requirements in force, under the supervision of Solvency I regulatory framework, out of the 21 insurance companies participating in the…

The President of the Financial Supervisory Authority (ASF) Misu Negritoiu has been appointed for a two-year term as president of the Committee for Economic and Market Analysis (CEMA) within the European Securities and Markets Authority…