Baciu also served as corporate solutions and credit life profit center manager at insurer Alico Asigurari Romania. She has an experience of over 14 years in the insurance industry.
Groupama Asigurari is controlled by France’s Groupama SA.
The French group is present in Romania since 2007, when it entirely acquired BT Asigurari for EUR100 million.
In February 2008, it bought Garancia, the insurance division of Hungarian group OTP, and also became shareholder of Garancia’s subsidiaries in Romania, Slovakia and Bulgaria.
At the beginning of April 2008, Groupama bought Asiban for EUR350 million from lenders CEC, BRD, BCR and Banca Transilvania.
BT Asigurari and Asiban merged in 2009 as Groupama Asigurari. In April 2010, OTP Garancia Asigurari transferred its insurance policy portfolio to Groupama Asigurari.
Groupama Asigurari’s revenues from underwritten premiums climbed 12% in 2012 to 807.29 million lei (EUR177.3 million), with RON760.86 million coming from the general insurance segment. Revenues from life insurance policies fell 17.7% last year to RON46.43 million. (EUR1=RON4.5535)