06.29.2016

Romania’s Insurance Supervisory Authority (ASF) said it withdrew the operating license of insurer Forte Asigurari Reasigurari, as a result of ascertaining the company’s state of insolvency, and more

06.02.2016

Romania's Financial Supervisory Authority ASF has approved the liquidation and dissolution of insurance company Fata Asigurari, specialized in agriculture insurance, the authority said in a statement more

05.11.2016

TNG, the majority shareholder of insurance company Astra Asigurari, wants to sue the Romanian state at an international investment court for violating its rights in accordance with several bilateral more

04.29.2016

Bucharest Court Of Appeals on Friday ruled irrevocably on the bankruptcy of insurance company Astra Asigurari, eight months after the Financial Supervisory Authority ASF asked for the insurer’s more

04.26.2016

Virgil Soncutean, chief sales officer and deputy general manager of insurance company Allianz-Tiriac Asigurari will become the new general manager of the insurer as of September 1, after Remi Vrignaud more

04.04.2016

Romania’s Financial Supervisory Authority (ASF) on Monday said it approved the takeover of general insurance company Credit Europe Asigurari – Reasigurari S.A. by Ergo Group, one of the largest more

04.01.2016

Life insurer NN Asigurari de Viata announced it will enter the health insurance segment on April 7, on World Health Day. more

03.21.2016

Insurance company Groupama Asigurari underwrote premiums of RON805 million in 2015, up 13% on the year, while its profit, under IFRS standards, stood at RON23 million, the company said in a statement more

02.25.2016

Life insurer NN Asigurari de Viata underwrote gross premiums of RON629 million in 2015, up 2.4% on the year, while its gross profit stood at RON22.8 million, the company said in a statement Thursday. more

12.18.2015

Insurer BCR Asigurari de Viata Vienna Insurance Group (VIG) doubled the volume of underwritten gross premiums in the first nine months, to RON186 million, and registered a 9% higher profit, of RON18.8 more

12.16.2015

KPMG Restructuring, the judicial administrator of insurer Astra Asigurari, will draw up, in the upcoming period, a strategy for an efficient patrimony liquidation by business transfer for insurance more

12.09.2015

Ergo Austria International, part of German group Munich Re, has reached an agreement with Credit Europe Bank Romania to take over Credit Europe Asigurari which ranked 17th on the Romanian insurance more

11.17.2015

Allianz-Tiriac Asigurari underwrote gross premiums of RON776 million in January-September 2015, up 6.4% on the year, while its operating profit reached RON54.4 million, the company said in a statement more

11.05.2015

NN Asigurari de Viata (formerly ING Asigurari de Viata) underwrote gross premiums of RON461million in the first nine months of 2015, up 2.5% on the year, while its gross profit fell 23% to RON19.5 more

08.20.2015

Shareholders of insurer Astra Asigurari, under special administration, have not subscribed enough shares available in the EUR425 million share capital increase, while the company’s special more

07.14.2015

Insurance group Groupama Romania underwrote premiums of RON385 million in the first half of the year, 18.8% higher than in the same period last year and in line with its target. more

07.09.2015

NN Asigurări de Viata (formerly ING Asigurări de Viata) is looking for new growth opportunities such as health insurances policies in 2016, after touching a 37% market share on the life insurance more

06.02.2015

Insurer Astra Asigurari, under special administration, has put up for sale 160 million shares at a face value of RON2.66 each, in a move to hike the insurer's share capital, which was imposed by the more

05.28.2015

The situation of insurer Astra Asigurari, under special administration, will be settled end-July, when it will be known whether a strategic investor is willing to inject capital or whether the more

05.07.2015

NN Asigurări de Viata (formerly ING Asigurări de Viata) underwrote gross premiums of RON153.4 million (EUR34.8 million) in the first quarter, up 5%,. as demand for unit-linked policies rose, and the more

02.26.2015

Romanian insurer Allianz-Tiriac Asigurari underwrote 6.2% higher premiums on the year in 2014, to EUR222 million, according to data provided by German group Allianz. more

02.11.2015

Insurer ING Asigurari de Viata underwrote premiums of 614 million lei (EUR) in 2014, up nearly 10% on the year, while the estimated gross profit rose 2.5-fold to RON31.18 million, due to lower more

02.02.2015

Insurance company Gothaer Asigurari Romania on Monday said it underwrote premiums of RON84.3 million in 2014, up more than 25% on the year. more

01.15.2015

Romanian insurer Astra Asigurari, under special administration, had revenues from underwritings of RON555.22 million in the first nine months of 2014, down 30.8% on the year, and a profit of RON54.6 more

01.06.2015

ABC Asigurari no longer sells mandatory car insurance (RCA) policies as of January 1, citing lack of profitable prospects on this segment, the company said in a statement Tuesday. more