ASTRA
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Asirom To Insure Posta Romana Fleet For RON429,000, Half The Estimated Price
Insurer Asirom will provide mandatory car insurance (RCA) for the 606-vehicle fleet of state-owned postal operator Posta Romana, for RON428,681, nearly 55% lower than the postal operator had...
Astra Asigurari Shareholders Approve RON490M Capital Raise
Shareholders of insurer Astra Asigurari, two companies owned by businessman Dan Adamescu, decided Monday to raise the insurer's share capital by RON490 million, with a first tranche of RON70...
Astra Has To Hike Share Capital By EUR110M In Next 12 Months
Romanian insurer Astra has to hike its share capital by 490 million lei (EUR110 million) in the next 12 months, out of which RON70 million in the first stage, according to the recovery plan...
Astra Shareholders And Management Contest Special Administration Order In Court
Romanian insurer Astra, its shareholders and managing board have contested in court the decision whereby Romania's Financial Supervision Authority placed it under the special administration...
KPMG: Continuation Of Payments To Astra Clients Is A Top Priority
KPMG Advisory, special administrator of Romania's leading insurance company Astra, targets the continuation of payments to clients and partners, analyzing the insurer’s situation and taking...
Insurer Astra’s Owner Challenges ASF Decision
After Romania’s Financial Supervisory Authority (ASF)’s chairman Dan Radu Rusanu and Corneliu Moldoveanu, the ASF vice-president in charge of the insurance market, told a news conference on...
Romania's Leading Insurer Astra Placed Under Special Administration Of KPMG
Romania’s Financial Supervision Authority (ASF) has ordered financial recovery procedures and has placed the country's leading insurance company Astra under special administration.
Romanian Antitrust Watchdog Looks Into Astra Taking Over AXA Life Insurance
Romanian antitrust authorities are looking into the takeover of Axa Life Insurance, the local, subsidiary of French group AXA, by the Romanian leading insurer Astra Asigurari.
Takeover Confirmed: Astra Buys AXA’s Local Subsidiary
French group AXA confirmed Friday it sold its operations in Romania to insurer Astra Asigurari, owned by Romanian businessman Dan Adamescu, and will exit the local market.