Matei, 34, has a 12-year background in insurance. He joined the OTP Garancia Asigurari team in 2005, where he was appointed deputy CEO, after which, in February 2009, he became the company’s CEO.
Groupama Asigurari is part of French group Groupama. Locally, the company is the fourth largest player by premiums subscribed in 2010.
French Groupama entered Romania in 2007, after acquiring BT Asigurari in a EUR100 million transaction. In April 2008, Groupama took over insurer Asiban for EUR350 million.
In 2009, BT Asigurari and Asiban merged to form Groupama Asigurari, which also included the portfolio of OTP Garancia Asigurari.