This is the first acquisition made by Allianz-Tiriac.
“The new stage our company is entering gives us the opportunity to be identified as part of one of the largest and best known insurers in Romania, Allianz-Tiriac Asigurari, and will help us to integrate more easily into its structure. However, until integration, we will continue to operate as an entity independent of our shareholder (…). The company’s business will continue to operate normally, as before, but with the support of a strong shareholder”, says Ciprian Pop, CEO Allianz-Tiriac Unit.
In 2021, Allianz-TIriac recorded a 16.26% increase in gross written premiums, to RON90.5 million.
Representatives of Allianz-Tiriac Unit Insurance say the company’s rebranding does not in any way influence the relationship with customers and business partners or the insurance contracts in force.
Allianz-Tiriac has received both Competition Council and Financial Supervisory Authority (ASF) approval, and the completion of the integration of Gothaer into Allianz-Tiriac will take place by the end of 2022. At the end of 2021, Gothaer Asigurari’s portfolio was estimated at RON83.3 million. The takeover transaction was signed and publicly announced by the two parties in early December 2020.
(English version by Loredana Fratila-Cristescu)