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Carpatica Asig’s Head Reassures About Financial Recovery Solution By Yearend
Carpatica Asig, controlled by businessman Ilie Carabulea, currently under financial recovery, will find a solution by yearend at the problems identified by Romania's Financial Supervisory Au...
ASF: Insurer Astra Asigurari Targeted By Most Client Complaints In 1H/2015
Romania's Financial Supervisory Authority (ASF) received and solved a total 5,100 complaints over insurance companies in the first half of the year, 13.4% less than 5,889 complaints in the s...
Financial Regulator Asks For Astra Bankruptcy, Guarantee Fund To Pay Compensations
Romania's Financial Supervisory Authority ASF on Wednesday asked for the bankruptcy of insurer Astra Asigurari, under special administration, after the company failed to raise RON425 million...
Four Insurers Deemed To Make RON360M Capital Injections By Yearend
Stockholders with insurers Euroins, Asirom, Carpatica and EximAsig are deemed to make a capital injection of 365 million lei (EUR82 million) by yearend, as a result of the Financial Supervis...
Former Eureko Head Carmen Radu Appointed Head Of Insurance Guarantee Fund
The board of the Financial Supervisory Authority designated Carmen Daniela Radu Wednesday to head the board of the insurance guarantee fund, set up in July.
Romanian Financial Regulator Triples Surplus In 1H, To RON23M
Romania's Financial Supervisory Authority posted a budget surplus of RON23 million in the first half of the year, more than triple compared to the first half of 2014, after collecting more m...
ASF Preliminarily OKs Merger Between Eureko And Aegon Voluntary Pension Funds
Romania’s Financial Supervisory Authority (ASF) has preliminarily approved the merger between voluntary pension funds (Pillar III) Eureko Confort and Aegon Esential, through the absorption o...
ASF: Five Romanian Insurers Don't Meet Solvency II Minimum Capital Requirements
Insurers Axa, Astra, EximAsig, Euroins and Carpatica don't meet minimum capital requirements under Solvency II standards, which become mandatory as of January 1, 2016, Romania's financial re...
Negritoiu: Insurers’ Audit Aimed At Building Credibility On Insurance Market
Misu Negritoiu, head of Financial Supervisory Authority (ASF), confirmed Thursday that ASF will announce next week the results of the first stage of insurers’ examination, which is aimed at...