Mirzac had been economic director at Astra Asigurari between 2002 and 2007 and Angheluta headed the Brokers, Bancassurance and Leasing Department within Astra Asigurari until last week. Angheluta will coordinate Carpatica Asig’s sales operations.

Adela Abrudan, chairman of the managing board of Carpatica Asig, said the decision to have a new management team is based on the need and desire to leverage the company’s development opportunities, by improving on partnerships and on the services provided to customers.

The new management team plans to bring Carpatica Asig among the top insurers on the Romanian market, boost the company’s market share and improve the team in charge with the company’s sales operations.

Carpatica Asig wants to increase its gross underwritten premiums by 25% this year, after an about 30% drop in 2011 on the backdrop of a decline on the general insurance segment.

Carpatica Asig has been operating since 1996 and its core business includes only general insurance.

Carpatica Asig’s share capital amounts to 20.8 million lei (EUR4.67 million) controlled by Atlassib Sibiu (92.42%), Transcar Sibiu (6.97%), Corneliu Tanase (0.08%) and Aurel Albu (0.53%), according to Trade Register data. (EUR1=RON4.4463)