REINSURANCE
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Reinsurer SCOR Starts Recruitment For Bucharest Office
French-held SCOR, one of the world's largest reinsurers, has begun recruiting for its Bucharest office, and plans to hire more than 300 people by the end of this year.
PAID’s Reinsurance Program Likely To Be Kept At Current Level Of EUR525M
The reinsurance program of Romania’s Pool of Insurance against Natural Disasters (PAID), which sells mandatory home insurance, might be kept at the current level of EUR525 million, Natalia M...
Insurance Companies Ceded Premiums Of RON1.1B To Reinsurers In Jan-Sept
The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) ceded premiums of 1.1 billion lei (EUR0.24 billion) to reinsurers in January-September, up 20% on...
Insurers Transfer A Quarter Of Their Risk To Reinsurance Companies
The top ten insurers on the market ceded 730 million lei (EUR161 million) in premiums to reinsurers in January-June, up 30% on the year-ago period, according to the data published by the ins...
Insurers Transfer Risks After Fighting On Auto Liability Segment With Very Low Prices
The ten biggest general insurers transferred premiums worth 358 million lei (around EUR85 million) to reinsurers in the first quarter of 2011, up 56% from a year ago.