Constantinescu was the general manager of Allianz-Tiriac Asigurari until May 2010, when he was replaced by Rangam Bir. He was then the general manager’s advisor for a year.
He was nominated by the Democratic Liberal Party to replace Angela Toncescu as president of the Insurance Supervision Commission (CSA). The Parliament will decide this fall who will run the regulator for the next five years.
Allianz-Tiriac said in a press release that it will announce Constantinescu’s successor soon.
UNSAR was founded in 1994 and currently has 23 members, which control more than 80% of the domestic insurance market. Constantinescu took charge of the association in 1997.