GENERALI
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Insurance Regulator Approves Ardaf, Generali Asigurari Merger
Romanian insurance regulator CSA approved on November 22 the transfer of insurer Generali Asigurari’ policy portfolio to insurer Ardaf, and the merger of the two companies.
Sales Decline Forces Insurance Market To Consolidate
The prolonged crisis is pushing the insurance market towards mergers to create stronger companies, considering that more than 40 companies share business of EUR2 billion and that the money h...
Generali Wants 10% Of Romanian Insurance Market
Italian-held Generali is targeting a 10% share of the Romanian insurance market after it brought its domestic operations under the umbrella of a single company and is not ruling out new acqu...
Generali Romania 1H Underwritings Down 14%, Profit Halves To RON9.7M
Insurer Generali Romania underwrote premiums of 201 million lei (about EUR47 million) in the first half of the year, down 14% on the year, and its net profit dropped to RON9.7 million from R...
Generali Pensii To Take Over OTP Strateg From Onix Asigurari
Romanian pension fund administrator Generali Pensii will take over the voluntary pension fund OTP Strateg from Onix Asigurari (formerly OTP Asigurari), after the Private Pension System Super...
Astra Asigurari Sells 16% Stake In Generali Romania For EUR24M
Insurer Astra Asigurari sold the 16.03% stake it held in Generali Romania to Italian group Generali, for some EUR24 million, people close to the matter told MEDIAFAX.
Generali Targets Infrastructure Projects Developed With EU Money
Generali, one of the top ten companies on the insurance market, is planning to boost its policy sales by insuring works on infrastructure projects financed with European funds, which are see...
Generali Romania’s Underwritten Premiums Down 15.6% In 1Q, To RON96.6M
Romanian insurer Generali Romania’s underwritten premiums decreased by 15.6% in the first quarter of 2011, to 96.6 million lei (about EUR24 million), from RON114.5 million in the same interv...
Romanian Insurer Generali Paid Record-Claim Of RON55.25M
Romanian insurer Generali Asigurari paid Niro Investment 55.25 million lei (EUR13.5 million) in March to cover the damage caused by a fire in the "Dragonul Rosu" commercial area, the highest...