ASF
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ASF Approves EBRD’ Indirect Acquisition of Euroins Stake
Romania’s Financial Supervisory Authority (ASF) has approved the acquisition plan of European Bank for Reconstruction and Development (EBRD), which will get an indirect qualifying holding in...
Financial Watchdog: Romania Insurance Market Grows 23% YoY To RON12.1B In Jan-Sept 2022
Romania’s insurance market reached a volume of underwritten gross premiums of RON12.1 billion in the first nine months of 2022, up 23% versus the year-ago period, the country’s Financial Sup...
ASF Licenses SeedBlink as Crowdfunding Platform
Romania’s Financial Supervisory Authority (ASF) has licensed the first crowdfunding platform locally, SeedBlink, with the firm managing the Seedblink Crowd website being authorized as a prov...
Insurance, Private Pension and Capital Market Assets Double in 2014-2022
The assets of the three non-bank financial markets in Romania – the insurance market, the private pension market and the capital market doubled from 2014 through the end of 2021, the Financi...
Romania Life Insurance Market Sees 50.2% Growth In Last 11 Years
Romania’s life insurance market reported underwritings of RON2.6 billion at the end of 2021, up 17.6% from 2020, but, in terms of the weight held in the overall market, this segment seems to...
Romania Auto Liability Insurance Market Hits Record High In 2021, With Underwritings Of RON5.9B
Romania’s auto liability insurance policies (RCA) market reached a record level of gross premiums underwritten in 2021, of RON5.93 billion, the biggest increase of the last 11 years, of 49.4...
ASF Approves Allianz-Tiriac as Direct Significant Shareholder of Gothaer Asigurari
Allianz-Tiriac has received approval from the Financial Supervisory Authority (ASF) to become a significant direct shareholder of Gothaer Asigurari, ASF officials said.
ASF Approves Romcab Takeover by Majority Shareholder Sadalbari
Romcab Targu-Mures (MCAB.RO) on Wednesday notified the Bucharest Stock Exchange that Romania’s Financial Supervisory Authority (ASF) had approved the mandatory tender offer by Sadalbari SRL,...
ASF Starts Bankruptcy Proceedings Against City Insurance
Romania’s Financial Supervisory Authority (ASF) on Friday evening announced it would start bankruptcy proceedings against City Insurance, the largest auto liability (RCA) insurance provider...