ARDAF
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Ardaf Brand Dropped After Sixteen-Year History
Generali, a top ten company on the insurance market, will stop selling policies under the Ardaf brand and will use one network branded as Generali. It also plans to close a number of branches and offices.
Insurance Regulator Approves Ardaf, Generali Asigurari Merger
Romanian insurance regulator CSA approved on November 22 the transfer of insurer Generali Asigurari’ policy portfolio to insurer Ardaf, and the merger of the two companies.
Insurer Ardaf Posts Loss Of RON22.36M In 9-Mos
Romanian insurer Ardaf posted losses of 22.36 million lei (EUR5.3 million) in the first nine months, with a loss of RON30.46 million in the third quarter.
Sales Decline Forces Insurance Market To Consolidate
The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money h...
Romanian Insurer Ardaf 1H Profit Down 10%, To RON8.1M
Romanian insurer Ardaf reported net profit of 8.1 million lei (EUR1.9 million) in the first six months of 2011, down 10% on the year, and revenue of RON157.3 million, down 22% compared to 20...
Generali Wants 10% Of Romanian Insurance Market
Italian-held Generali is targeting a 10% share of the Romanian insurance market after it brought its domestic operations under the umbrella of a single company and is not ruling out new acqu...
Ardaf Subscribed RON64.9M Premiums In 1H, Down 54% On Year
Romanian insurer Ardaf Bucuresti (ARDF) underwrote premiums of 64.89 million lei (about EUR15.22 million) in the first half of the year, down 54% compared to the same interval in 2010, said...
Ardaf 1Q Premium Revenue Down 56.9%, To RON35.7M
Ardaf (ARDF.RO) posted revenues from underwritten premiums of 35.69 million lei (EUR8.75 million) in the first quarter of the year, down 56.9% compared to the first quarter of 2010, while it...
Romanian Insurer Ardaf Expects Switch To RON3.2M Loss In ‘11
Romanian insurer Ardaf Bucuresti (ARDF.RO) expects gross premiums underwritten to drop 20.9% on the year in 2010, to 171.6 million lei (EUR1=RON4.126), and a net loss of RON3.16 million, acc...