The merger project will be drafted together with the management of BCR Asigurari and field with the shareholders’ registry. Omniasig’s entire client portfolio will be transferred to BCR Asigurari, the sources said.
Both companies are controlled by Vienna Insurance Group (VIG), which also owns Asirom on the local market. VIG owns 95.93% of BCR Asigurari and 98.86% of Omniasig.
In 2010, according to the data of the Insurance Supervision Commission (CSA), Omniasig had 11.03% of the market, while BCR Asigurari had 6.29%.
Insurers Generali Asigurari and Ardaf (absorbing company), both controlled by Czech group Generali PPF, will also merge by the end of the year.