The share capital increase took place on August 31.
Carpatica Asig general manager Liviu Stoicescu said the company will continue, with shareholders’ support, the implementation of the action plan and measures included in the new strategy in order to sustain its operations and consolidate its position on the insurance market.
The company underwrote gross premiums of RON257.26 million in the first six months of 2015, down 15.7% on the year, in line with expectations, due to the adjustment of insurance underwriting risk policies and sale policies. On the other hand, the average premium on the segment of mandatory car insurance RCA rose from RON557 to RON608.
Carpatica Asig, based in Sibiu, is undergoing a financial recovery plan, approved by ASF in September 2014 and valid until the end of this year. The company’s financial situation worsened after its owner and former general manager were placed under preventive arrest for corruption in January 2014.
Carpatica Asig started its activity in 1996 as ASA Asigurari Atlassib. The company has over 60 units and collaborates with 5,000 brokers.
Its shareholders include Atlassib Sibiu (93.97%), Transcar Sibiu (5.96%) and several private individuals (0.07%).