INSURER
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Head Of Austrian Insurance Supervision: We’re Watching Austrian Insurers Closely Due To Local Subsidiary Losses
The losses of hundreds of millions of lei posted by Austrian insurers’ Romanian subsidiaries in the past few years and the problems on the auto liability policy segment were two of the thing...
Eight Of Top 20 Banks Are Romanian Brands
Eight of the 20 largest banks in Romania are Romanian brands and four of them are owned by the Romanian government or private entrepreneurs, while the rest are held by Austrian, French and G...
Banks And Insurers Got EUR250M Capital Injections In January-September
Banks, insurers and leasing companies held by foreign groups got more than 1.1 billion lei (EUR250 million) capital injections in the first nine months of the year. Most of the money went to...
Four Large Insurers Replaced CEOs This Year
On an insurance market that is unable to recover from the crisis, having dropped 7% in the first half, four large companies have replaced their chiefs this year while others have made change...
Banks And Insurers Got EUR200M Cash Inflows In 1H
Banks, insurers and leasing companies held by foreign groups saw almost 900 million lei (EUR200 million) capital increases in the first half. The money was mostly used to offset losses in pr...
Insurance Pool PAID May Be Listed On Bourse
The Romanian Pool of Insurance against Natural Disasters (PAID), which issues mandatory home insurance policies, might be listed on the stock exchange to increase its capitalization, Daniel...
Banks, Insurers Got Capital Injections Of EUR240M In 2013
Foreign shareholders of banks, insurers and leasing companies added around EUR240 million to the capital of Romanian subsidiaries between in January and June 2013.
Insurers That Sell Cheap RCA Policies And Fail To Pay Damages Risk Losing License
One of the solutions to reduce the number of complaints on the mandatory car insurance (RCA) segment is to eliminate insurance companies that apply low premiums but fail to pay damages when...
ING Asigurari de Viata Has New General Manager
Marius Popescu, general manager of Romanian private pension fund ING Pensii Private, has been appointed general manager of insurer ING Asigurari de Viata, replacing Bram Boon, the insurer sa...