Articles 1 - 25 of 34 by " Mircea Nica"
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Groupama Remains Leader Of Insurance Market In 2023
2 apr 2024
Groupama remained the leader of the RON18.2 billion insurance market in Romania in 2023, following a 37% increase in gross written premiums to more than RON4 billion. more
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Romania Insurance Market Up 10% To RON18.2B Gross Written Premiums In 2023
2 apr 2024
Romania’s insurance market ended 2023 with gross written premiums of RON18.2 billion, an increase of 10% on 2022, of which general insurance premiums accounted for RON15.2 billion and life insurance more
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Lucian Anghel Gets Central Bank Approval To Become Deputy CEO Of Libra Internet Bank
20 mar 2024
Lucian Anghel, who ran Banca Romaneasca between January 2020 and December 2022 has received approval from Romania’s central bank to become deputy chief executive officer of Libra Internet Bank, more
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Groupama Retains Leading Position on Romania Insurance Market in Jan-Sept 2023
7 feb 2024
Groupama after the first nine months of 2023 was still the leading company on the insurance market, reaching a market share of almost 22%. more
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Mobility Company Autonom Set To Buy More And More Electric And Hybrid Vehicles
19 dec 2023
Mobility company Autonom has an annual minimum investment budget of EUR60 million and plans that 13% of the about 3,000 cars it buys a year to be electric and hybrid vehicles in 2024, Autonom CEO more
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Omniasig Posts Gross Underwritten Premiums of over RON1.7B in Jan-Sept 2023, Up 10% YOY
14 dec 2023
Omniasig, a company owned by Austria’s Vienna Insurance Group (VIG), at the end of the first nine months of 2023 reported gross underwritten premiums of above RON1.7 billion, up 10% from the more
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OTP Bank Romania Reaches RON236M Consolidated Net Profit in Jan-Sept 2023
13 nov 2023
OTP Bank Romania in the first nine months of 2023 posted RON236 million consolidated net profit. more
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Romania’s Insurers Boast All-Time Net Profit in 2022
13 iul 2023
Romania’s insurers last year hit an all-time high in terms of total net profit, at RON773 million, double the 2021 level and more than 12 times higher than the 2020 one, in line with information more
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Insurance Market Sees Growth Of Only 2% To RON4.74B In Q1
26 iun 2023
The insurance market reached a volume of gross written premiums of RON4.74 billion in the first three months of 2023, an increase of only 2% compared with the same period last year, the Financial more
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Safety Broker Set to Be Owned by US-held Acrisure
5 apr 2023
Poland’s Unilink is going to be taken over by global insurance and fintech broker Acrisure, meaning that after the deal Safety Broker, leader of Romania’s insurance brokerage market will belong to more
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Patria Credit Ends 2022 with 22% Loan Portfolio Growth, EUR1.5M Net Profit
31 mar 2023
Patria Credit, a non-banking financial institution part of Patria Bank Group, in 2022 registered EUR1.55 million net profit and reported 22% portfolio expansion, to EUR32.5 million. more
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Groupama Asigurari CEO Receives Approval from ASF to Continue in His Position
2 mar 2023
Francois Coste, the chief executive officer of Groupama Asigurari, which became the insurance market leader in Romania shortly after former leader City Insurance went bankrupt, has received approval more
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General and Life Insurance Market Reaches RON16.5B in 2022
16 feb 2023
The general and life insurance market reached a gross written premium volume of RON16.5 billion, preliminary data show, which does not include the gross written premiums of those insurers operating in more
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Cemacon Reports RON70 M Net Preliminary Profit in 2022, Up 27% YOY
16 feb 2023
Building materials maker Cemacon Cluj, 95% controlled by Paval brothers via two investment vehicles, ended 2022 with net profit worth almost 70 million, up 27.3% from the net result of 2021, amid more
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Eazy Asigurari Ready to Invest EUR50M in Next Three Years
16 ian 2023
Eazy Asigurari, the first insurtech in Romania to recently receive the approval of the Financial Supervisory Authority (ASF), plans to invest EUR50 million over the next three years, with the main more
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Health Insurance Market Rises to RON509M in Jan-Sep 2022
4 ian 2023
The health insurance market in Romania reached gross written premiums of RON509 million in the first nine months of 2022, an increase of 33% on the year-earlier period, Financial Supervisory more
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Euroins Romania Goes Ahead with RON100M Capital Increase
9 dec 2022
Euroins Romania, leader of the local third-party motor vehicle insurance (RCA) market, is going ahead with another RON100 million capital raise planned for the company’s development and the strategy more
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Uniqa Asigurari and Uniqa Asigurari De Viata Gross Written Premiums Up to EUR83M in Jan-Sep
24 nov 2022
Uniqa Asigurari and Uniqa Asigurari de Viata, the Romanian companies of Austria’s Uniqa group, posted EUR83 million gross written premiums together in the first nine months of 2022, an increase of more
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VIG’s Three Companies in Romania Hit EUR570.9M Gross Underwritings in Jan-Sept 2022, Up 38% YoY
16 nov 2022
Omniasig, Asirom and BCR Asigurari de Viata, the companies Austria’s group Vienna Insurance Group (VIG) owns in Romania, ended the first nine months of 2022 with overall gross underwritten premiums more
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Ford Otosan to Attract New Suppliers to Ford Craiova Plant, Possibly Open R&D Center
3 nov 2022
Craiova can attract new investments in the automotive industry beyond the almost EUR500 million euros already announced by Ford Otosan after the takeover of the plant. more
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Allianz-Tiriac Expects Underwritten Premium Volume to Near RON3B Mark at End-2022
17 oct 2022
Allianz-Tiriac, Romania’s second largest general and life insurer in line with the latest financial watchdog ASF data, estimates it will near the RON3 billion threshold in terms of underwritten more
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Wine Maker Crama Liliac Expects 10% Turnover Growth in 2022 YOY
8 sep 2022
Romanian wine producer Crama Liliac, owned by amb Wine Company, expects turnover to rise 10% this year, after 2021 was the best year for the company, bringing EUR1.7 million turnover, said Miron more
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Insurer Euroins Romania Ends 2021 with RON19M Loss
17 aug 2022
Euroins Romania, the largest insurance company on the local market after the collapse of City Insurance, ended 2021 with a loss of RON19 million and last year was its third in the red in a row, more
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Kruk: Bad Debt Held by Romanian Banks Reaches EUR3.4B in 2021
29 iun 2022
The bad debt held by Romanian banks amounted to EUR3.4 billion last year and EUR339.5 million worth of unsecured retail and corporate loan portfolios were sold on the Romanian market, debt collector more
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Romania’s Insurance Market Surges 46% to RON4.66B in Q1/2022
24 iun 2022
Romania’s insurance market reached a volume of underwritten gross premiums of RON4.66 billion in the first three months of 2022, a record increase of 46% compared with the year-ago period, the more