CITY INSURANCE
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City Insurance Exits Financial Recovery Procedure
Romania’s Financial Supervisory Authority (ASF) on Thursday said it decided to close the financial recovery procedure for insurance company City Insurance, after the latter increased its cap...
City Insurance, Third Largest Insurer On Local RCA Market, Starts Resolution Measures
City Insurance, the third largest insurer on the local automobile liability insurance (RCA) market, with underwritten gross premiums of RON650 million in 2016, will be subject to resolution...
ASF Supports Takeover Of City Insurance By Swiss Private Investor
Financial Supervisory Authority (ASF) will support the takeover of insurance company City Insurance by Dr. Max Roessler, a private Swiss investor, and will cooperate both with the company an...
Bucharest Court Of Appeals Rejects City Insurance Appeal Against Recovery Procedure
Bucharest Court of Appeals has rejected the appeal filed by insurance company City Insurance, owned by businessman Dan Odobescu, against the decision of the Financial Supervisory Authority (...
City Insurance Needs EUR30M Share Capital Hike To Exit Recovery Procedure
Insurance company City Insurance, owned by businessman Dan Odobescu, needs a EUR30 million share capital increase to exit the financial recovery procedure, according to the plan approved by...
City Insurance Hikes Share Capital By RON29M From 2012 Profit
City Insurance has increased its share capital by 29.03 million lei (EUR6.37 million) to RON75.88 million, by including last year’s net profit, the insurer said Friday.
Dan Odobescu Takes Over City Insurance
Romanian businessman Dan Odobescu has acquired an 85.2% stake in insurer City Insurance through his company Vivendi International SRL.