INSURANCE
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Adamescu Brings Former Boss Of Euroins To Run Astra
Major insurer Astra has recruited the head of Euroins, Alin Bucsa, as the company’s general manager to replace Alexander Adamescu, who had run the company in the past nine months.
Romania Will Simplify Home Insurance Procedures
Romanian homeowners who want to buy voluntary home insurance to cover damages that exceed mandatory home insurance coverage will sign only one contract, not two, according to the Pool of Ins...
Romanian Insurers Cut 2,400 Staff During Crisis
Six of the ten largest insurance companies performed double-digit staff cuts during the crisis to keep spending in check after policy sales had collapsed. The ten largest insurance companies...
Top Ten Insurers Make 90% Of Total Revenues
Insurance sales stabilized in the first half of this year, but some major insurers continue to feel the effects of the crisis and to lose ground to smaller companies or to those who promoted...
Omniasig Outruns Astra For 1st On Romania's Insurance Market
Romanian insurer Omniasig, former BCR Asigurari, posted underwritten premiums of 548.9 million lei (EUR112.5 million) in the first half of 2012, down 17.4% on the year, ranking first on the...
Insurance Regulator Posts Loss Of RON19M In 2011
Romania's insurance market regulator CSA posted losses of 18.9 million lei (EUR4.2 million) in 2011, compared with profit of RON5.2 million in 2010, according to its yearly report.
Share Capital In Romanian Insurance Industry Dropped 3.4% In 2011, To RON4.04B
The share capital of Romanian insurers dropped 3.4% in 2011, to 4.04 billion lei (EUR952.8 million), according to the annual report release Thursday by the insurance regulator CSA.
Romanian Insurance Market Up 2.7% In 1H, To RON4.13B
Romania's insurance market grew by 2.7% in the first six months of 2012, to 4.13 billion lei (EUR914 million), thanks to higher sales of general insurance policies, according to the data of...
Romania’s Top Three Life Insurers Paid Dividends Of EUR100M In Five Years
Romania’s top three life insurance companies, ING Asigurari de Viata, BCR Life and Alico, registered net profits of 526.3 million lei between 2007 and 2011, and paid out dividends of RON417....