Alexander Adamescu was previously vice-chairman of Astra’s supervisory board. He is the son of businessman Dan Adamescu, who controls the insurer through The Nova Group Investments Romania SA.
Radu Mustatea was chairman between November 2006 and November 2011. He stepped down to become an entrepreneur.
Astra is the largest insurance company in Romania, with underwritten premiums of 1.01 billion lei (EUR230.7 million) last year, down 7.5% from 2010. The company was founded in 1991 and has a share capital of RON192.71 million, owned by The Nova Group Investments Romania SA – 72.68% and Epsilon Estate Provider SRL- 27.02%, while the remaining 0.3% is distributed among several shareholders. (EUR1=RON4.378)