According to the National Union of Insurance and Reinsurance Companies in Romania (UNSAR), the company underwrote premiums of RON14.5 million in January-June 2012.
Gothaer Asigurari expects revenues from underwritten premiums of EUR15 million this year.
Voluntary car insurance policies (CASCO) generated revenues of over RON9 million in the first half, from RON1.95 million in the similar interval a year ago.
On the property insurance segment, the company registered underwritten premiums of over RON12 million, 291% higher on the year.
Gothaer Asigurari is part of German group Gothaer.
In October 2012, Gothaer Finanzholding (Germany) completed the takeover of 67% of Platinum Asigurari. The remaining 33% stake is equally owned by Constantin Toma, former general manager of insurer Omniasig, and Efraim Naimerm.
Gothaer Asigurari employs over 180 people and underwrote premiums of RON37.96 million in 2012, from RON18.1 million in the previous year.
Financial Supervisory Authority data show the insurer switched to loss of RON8.3 million in 2012, from net profit of RON0.295 million in 2011.
Gothaer was set up in 1820 and has over 3.5 million clients. (EUR1=RON4.3907)