The two positions have been vacant since the end of 2011, when the representatives of insurers Platinum and Astra resigned from the Board.
Toma, who owns over 99% of Platinum, left Omniasig in June 2011.
Adamescu is vice-president of the Supervision Council of insurer Astra Asigurari, leader on the local insurance market. If he gets the nod of insurance regulator CSA, Adamescu will take over the position of president of the Board of Astra Asigurari to replace Radu Mustatea, whose term expired at the beginning of the year.
Mustatea resigned from the position of PAID vice-president in November 2011.
PAID is a joint stock insurance-reinsurance company that manages the risk fund meant for paying damages in case of natural disasters. Its 13 shareholders are: ABC Asigurari, Astra Asigurari, ARDAF, Carpatica Asig, Certasig, City Insurance, Credit Europe Asigurari, Euroins Romania, Generali, Grawe Romania, Groupama Romania, Platinum Asigurari and Uniqa Asigurari.
In the second half of 2011, Ardaf and Generali merged as Generali Romania.
PAID issues mandatory home insurance policies, which cover earthquake, flood and landslide damages. The yearly premium for the policy sold by PAID is EUR10-20, depending on the type of building, and covers damages between EUR10,000 and EUR20,000.
The first mandatory home insurance policies were issued in July 2010.
Official data reveal there are 8.39 million homes in Romania. At the end of January, PAID administered a portfolio of about 510,000 policies.