The share capital inflow was most probably brought to cover losses. In 2014, the company widened its loss in Romania by 37%, to RON46.5 million from RON33.9 million in 2013, being the third largest loss on the market.
Gothaer group entered the Romanian market in October 2012, when it bought 67% of the capital of Platinum Asigurari, later reaching 100%.
On a group level, Gothaer posted a profit of EUR122 million and underwrote premiums of EUR4.51 billion in 2014.
A higher number of insurers are expected to increase their capital over the next period, on coming into force tougher solvency and capital standards Solvency II.
(English version by Manuela Panescu)