Adamescu was named executive chairman in March, replacing Radu Mustatea who had resigned in November 2011. Adamescu will return to its previous position in the company’s Supervisory Board.
Bucsa was general manger of Euroins Romania since July 2009.
Astra Asigurari was set up in 1991 and has a share capital of RON192.71 million, controlled by The Nova Group Investments Romania (72.68%), Epsilon Estate Provider (27.02%) and other shareholders (0.3%).
The Nova Group Investments Romania and Epsilon Estate Provider are indirectly controlled by businessman Dan Adamescu.
In 2011, Astra was market leader regarding underwritten premiums.
The company’s revenues from underwritten premiums dropped 7.5% in January-June, to RON516.7 million.
Considering results in the first half of 2012, the insurer was outranked by Omniasig (former BCR Asigurari), which registered RON548.9 million in underwritten premiums.