CITY INSURANCE
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Creditors File EUR1,8B Worth Of Claims Against Bankrupt Insurer City Insurance
About 1,600 creditors of Romanian bankrupt insurer City Insurance, formerly the market leader with a 43% market share, have filed requests to recover a total amount of RON9 billion (EUR1.8 billion), in line with information from representatives of CITR, the co...
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 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...
I3CP Still Wants to Buy City Insurance
Dutch investor I3CP wants to continue talks to buy insurer City Insurance, says its representative Matt Fairfield, even though Romania’s financial regulator ASF announced it had not provided...
I3CP Subscribes To All Newly Issued Shares For Share Capital Increase Of City Insurance
Dutch-based company I3CP said that on August 25 it subscribed to all newly issued shares for the share capital increase of Romanian insurer City Insurance, which was approved by the insurer’...
Vivendi International Group Sells City Insurance Romania To I3CP
Vivendi International Group has sold City Insurance Romania, the largest insurance company on the local market, to I3CP, a global investor based in the Netherlands, the insurer said in an an...
Financial Watchdog Fines City Insurance Board Members
Romania's financial supervisory authority has fined members of the management and supervisory boards of City Insurance, the biggest insurance company on the local market, a total of RON3.8 m...
City Insurance Issued EUR410M Worth Of Insurance Policies In 2019, 28% More YoY
City Insurance, the leading third party liability auto insurer in Romania, issued insurance policies of EUR410 million in 2019, 28% more on the year, and paid damage claims of EUR244 million...
City Insurance Underwritings Grow 38% in Jan-Sept, to EUR298M
City Insurance, the leading third party liability auto insurer in Romania, had underwritings of EUR298 million (RON1.4 billion) in the first nine months of 2019, up 38% on the year, mostly d...